Occidental Petroleum (OXY) reported mixed first quarter results on Tuesday after the market close. Adjusted earnings per share of $0.63 topped estimates of $0.58. Revenue, however, fell short of Street expectations, $5.98 billion versus the $6.62 billion estimate. Yahoo Finance's Ines Ferré breaks down the energy giant's results. This post was written by Stephanie Mikulich.
Warren Buffett-backed Occidental Petroleum reported mixed first-quarter earnings and revenue late Tuesday, as EPS caved more than 40%s. OXY shares edged down early Wednesday. Occidental Petroleum saw Q1 earnings fall 42% to 63 cents per share while revenue declined 17% to $5.
Insightful Analysis of Occidental Petroleum Corp's Financial Health and Market Position