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Occidental Petroleum Corp. Q2 Earnings Retreat

Occidental Petroleum Corp. (OXY) released a profit for second quarter that fell from the same period last year.

The company's profit totaled $635 million, or $0.84 per share. This compares with $848 million, or $1.10 per share, in last year's second quarter.

Analysts had expected the company to earn $0.93 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.3% to $4.42 billion from $4.08 billion last year.

Occidental Petroleum Corp. earnings at a glance:

-Earnings (Q2): $635 Mln. vs. $848 Mln. last year.
-EPS (Q2): $0.84 vs. $1.10 last year.
-Analysts Estimate: $0.93
-Revenue (Q2): $4.42 Bln vs. $4.08 Bln last year.

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