Occidental Petroleum Corp. (OXY) revealed a profit for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $766 million, or $0.77 per share. This compares with $718 million, or $0.75 per share, last year.
Excluding items, Occidental Petroleum Corp. reported adjusted earnings of $860 million or $0.87 per share for the period.
Analysts on average had expected the company to earn $0.76 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 13.9% to $6.803 billion from $5.975 billion last year.
Occidental Petroleum Corp. earnings at a glance (GAAP) :
-Earnings: $766 Mln. vs. $718 Mln. last year.-EPS: $0.77 vs. $0.75 last year.-Revenue: $6.803 Bln vs. $5.975 Bln last year.
For comments and feedback contact: editorial@rttnews.com
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.