Occidental Petroleum Corp reports results for the quarter ended March 31 - Earnings Summary

• Occidental Petroleum Corp OXY.N reported quarterly adjusted earnings of 87 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 63 cents. The mean expectation of twenty two analysts for the quarter was for earnings of 77 cents per share. Wall Street expected results to range from 37 cents to $1.04 per share.

• Revenue rose 13.9% to $6.84 billion from a year ago; analysts expected $6.89 billion.

• Occidental Petroleum Corp's reported EPS for the quarter was 77 cents​.

• The company reported quarterly net income of $766 million.

• Occidental Petroleum Corp shares had fallen by 20.4% this quarter and lost 20.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9.2% in the last three months.​

• In the last 30 days, nine analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 18 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "hold"

• Wall Street's median 12-month price target for Occidental Petroleum Corp is $46.00

This summary was machine generated from LSEG data May 7 at 09:07 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)