Occidental Petroleum Corp. (OXY) released a profit for second quarter that Decreased from last year but beat the Street estimates.
The company's earnings came in at $288 million, or $0.26 per share. This compares with $992 million, or $1.03 per share, last year.
Excluding items, Occidental Petroleum Corp. reported adjusted earnings of $396 million or $0.39 per share for the period.
Analysts on average had expected the company to earn $0.31 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 6.1% to $6.456 billion from $6.879 billion last year.
Occidental Petroleum Corp. earnings at a glance (GAAP) :
-Earnings: $288 Mln. vs. $992 Mln. last year.-EPS: $0.26 vs. $1.03 last year.-Revenue: $6.456 Bln vs. $6.879 Bln last year.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.