Occidental (OXY) Q2 Earnings Surpass Estimates, Revenues Lag

Occidental Petroleum Corporation (OXY) reported second-quarter 2024 earnings of $1.03 per share, which surpassed the Zacks Consensus Estimate of 77 cents by 33.8%. In the year-ago quarter, the company recorded earnings of 68 cents. Strong production volumes and improvement in oil and NGL prices resulted in a strong performance. GAAP earnings were$ 1.03 compared with 63 cents in the year-ago quarter. Total Revenues Total revenues came in at $6.88 billion, which lagged the Zacks Consensus Estimate of$ 7.18 bi ...