Occidental (OXY) Q1 Earnings Surpass, Revenues Lag Estimates
OXYOXY(OXY) Zacks Investment Research·2024-05-09 02:36

Occidental Petroleum Corporation (OXY) reported first-quarter 2024 earnings of 65 cents per share, which surpassed the Zacks Consensus Estimate of 56 cents by 16.1%. In the year-ago quarter, the company recorded earnings of 1.09.GAAPearningswas75centscomparedwith1.09. GAAP earnings was 75 cents compared with 1 in the year-ago quarter. Total Revenues Total revenues came in at 6.01billion,whichlaggedtheZacksConsensusEstimateof6.01 billion, which lagged the Zacks Consensus Estimate of 6.66 billion by 9.8%. The top line declined 17.2% year over year. Segmental Details Oil and Gas revenues total ...