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.
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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.