Advertisement
Australia markets open in 34 minutes

  • ALL ORDS

    8,323.50
    +30.40 (+0.37%)
     

  • AUD/USD

    0.6713
    +0.0006 (+0.09%)
     

  • ASX 200

    8,099.90
    +24.20 (+0.30%)
     

  • OIL

    68.94
    +0.29 (+0.42%)
     

  • GOLD

    2,608.30
    -2.40 (-0.09%)
     

  • Bitcoin AUD

    88,180.48
    -1,256.01 (-1.40%)
     

  • XRP AUD

    0.85
    -0.04 (-4.22%)
     

Occidental: Q2 Earnings Snapshot

Associated Press Finance
·1-min read

HOUSTON (AP) — HOUSTON (AP) — Occidental Petroleum Corp. (OXY) on Wednesday reported second-quarter net income of $1.16 billion.

The Houston-based company said it had net income of $1.03 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.

The oil and gas exploration and production company posted revenue of $6.88 billion in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $7.18 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OXY at https://www.zacks.com/ap/OXY