| Occidental Petroleum Beats on Q3 Earnings, Lags Revenues | |
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Zacks Rank: Currently, Occidental Petroleum has a Zacks Rank#3 (Hold) but that could change following its third quarter 2015 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below: Earnings: Occidental Petroleum outpaced earnings this quarter. Our consensus called for third-quarter loss of 2 cents, and the company reported earnings of 3 cents. Revenue: Occidental Petroleum lagged the revenue estimates in the third quarter. The company posted revenues of $3,246 million in the third quarter, compared to our consensus estimate of $3,441 million. Key Stats: Average daily oil and gas production volumes in the third quarter were 689 thousand barrels of oil equivalents (MBoe), up 15.8% from the prior-year level. The company registered a approximate 13.6% year-over-year improvement in average daily sales volumes to 670 thousand boe. Stock Price: It would be interesting to see how the market reacts to the earnings results during the trading session today. Check back later for our full write up on this OXY earnings report later! Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report OCCIDENTAL PET (OXY): Free Stock Analysis Report To read this article on Zacks.com click here.
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Occidental Petroleum is a oil producing company based in United states of america. Occidental Petroleum is listed in United States of America. Its market capitalisation is US$ 51.8 billions as of today (€ 48.4 billions). Its stock quote reached its highest recent level on March 16, 2012 at US$ 99.99, and its lowest recent point on October 16, 2020 at US$ 10.00. Occidental Petroleum has 764 580 032 shares outstanding. |