Occidental Petroleum (NYSE:OXY) reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:15 PM.
Here’s what investors need to know about the announcement.
Earnings
Occidental Petroleum missed estimated earnings by 12.1%, reporting an EPS of $1.09 versus an estimate of $1.24.
Revenue was down $1.27 billion from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.19 which was followed by a 0.68% drop in the share price the next day.
Here’s a look at Occidental Petroleum’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.80 | 2.46 | 3.02 | 2.03 |
| EPS Actual | 1.61 | 2.44 | 3.16 | 2.12 |
| Revenue Estimate | 8.66B | 9.50B | 10.25B | 8.08B |
| Revenue Actual | 8.33B | 9.50B | 10.73B | 8.53B |
To track all earnings releases for Occidental Petroleum visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
