Occidental: Q4 Earnings Snapshot
By AP News
Published - Feb 27, 2023, 04:54 PM ET
Last Updated - Jun 22, 2023, 07:16 PM EDT
HOUSTON (AP) — HOUSTON (AP) — Occidental Petroleum Corp. (OXY) on Monday reported fourth-quarter earnings of $1.93 billion.
The Houston-based company said it had net income of $1.74 per share. Earnings, adjusted for non-recurring gains, came to $1.61 per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.83 per share.
The oil and gas exploration and production company posted revenue of $8.33 billion in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $8.67 billion.
