HOUSTON (AP) — HOUSTON (AP) — Occidental Petroleum Corp. (OXY) on Wednesday reported second-quarter earnings of $2.98 billion.
The Houston-based company said it had net income of $2.75 per share. Earnings, adjusted for non-recurring gains, came to $2.40 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.92 per share.
The oil and gas exploration and production company posted revenue of $8.33 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $7.18 billion.
_____
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 https://www.zacks.com/ap/OXY
/An%20image%20of%20the%20Snowflake%20logo%20on%20a%20corporate%20office_%20Image%20by%20Grand%20Warszawski%20via%20Shutterstock_.jpg)
/Netflix%20on%20tv%20with%20remote%20by%20freestocks%20via%20Unsplash.jpg)