Occidental Petroleum Corp reports results for the quarter ended September 30 - Earnings Summary

• Occidental Petroleum Corp OXY.N reported quarterly adjusted earnings of $1.91​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 64 cents. The mean expectation of twenty six analysts for the quarter was for earnings of $1.46 per share. Wall Street expected results to range from 88 cents to $1.71 per share.

• Revenue rose 0.8% to $6.77 billion from a year ago; analysts expected $6.79 billion.

• Occidental Petroleum Corp's reported EPS for the quarter was $1.61​.

• The company reported quarterly net income of $1.64 billion.

• Occidental Petroleum Corp shares had risen by 1.9% this quarter and gained 37.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 7.4% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 16 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

• Wall Street's median 12-month price target for Occidental Petroleum Corp is $71.00, about 21.5% above its last closing price of $55.76

This summary was machine generated from LSEG data November 9 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)