| Occidental misses Street 2Q forecasts | |
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HOUSTON (AP) _ Occidental Petroleum Corp. (OXY) on Thursday reported second-quarter profit of $176 million.
The Houston-based company said it had net income of 23 cents per share. Earnings, adjusted for non-recurring gains, came to 21 cents per share.
The results did not meet Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.
The oil and gas exploration and production company posted revenue of $3.51 billion in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $3.9 billion.
Occidental shares have declined 12 percent since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 2 percent. The stock has decreased 29 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OXY at http://www.zacks.com/ap/OXY
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Keywords: Occidental Petroleum, Earnings Report
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Occidental Petroleum est une société de production minière de pétrole basée aux Etats-Unis D'Amerique. Occidental Petroleum est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 51,8 milliards US$ (48,4 milliards €). La valeur de son action a atteint son plus haut niveau récent le 16 mars 2012 à 99,99 US$, et son plus bas niveau récent le 16 octobre 2020 à 10,00 US$. Occidental Petroleum possède 764 580 032 actions en circulation. |