Investing.com - Occidental (NYSE:OXY) reported first quarter earnings that beat analysts' expectations on Monday and revenue that topped forecasts.
The firm reported earnings per share of $0.84 on revenue of $4.09B. Analysts polled by Investing.com expected EPS of $0.73 on revenue of $3.92B. That compared to EPS of $0.92 on revenue of $3.76B in the same period a year earlier. The company had reported EPS of $1.22 on revenue of $4.76B in the previous quarter.
For the year, Occidental shares are down 5.59%, under-performing the S&P 500 which is up 18.92% year to date.
Occidental follows other major Energy sector earnings this month
On Friday, April 26, 2019, Exxon Mobil reported first quarter EPS of $0.55 on revenue of $63.63B, compared to forecasts of EPS of $0.7 on revenue of $63B.
Royal Dutch Shell B ADR earnings beat analyst's expectations on Thursday, with first quarter EPS of $1.3 on revenue of $83.74B. Investing.com analysts expected EPS of $1.1 on revenue of $82.43B
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