Occidental (OXY) Q2 Earnings Surpass Estimates, Revenues Lag
OXYOXY(OXY) ZACKS·2024-08-09 00:21

Occidental Petroleum Corporation (OXY) reported second-quarter 2024 earnings of 1.03pershare,whichsurpassedtheZacksConsensusEstimateof77centsby33.81.03 per share, which surpassed the Zacks Consensus Estimate of 77 cents by 33.8%.In the year-ago quarter, the company recorded earnings of 68 cents. Strong production volumes and improvement in oil and NGL prices resulted in a strong performance.GAAP earnings were 1.03 compared with 63 cents in the year-ago quarter.Total RevenuesTotal revenues came in at 6.88billion,whichlaggedtheZacksConsensusEstimateof6.88 billion, which lagged the Zacks Consensus Estimate of 7.18 billio ...