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Occidental Petroleum Posts Q3 Loss

Occidental Petroleum Corporation (OXY) Monday reported third-quarter net loss of $912 million or $1.08 per share, compared to last year's profit of $1.87 billion or $2.44 per share.

Adjusted earnings for the quarter were $0.11 per share, down from $1.77 per share last year.

Revenues for the quarter were $5.87 billion, down from $6.18 billion last year.

Analysts polled by Thomson Reuters estimated earnings of $0.38 per share on revenues of $5.57 billion. Analysts' estimates typically exclude special items.

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