Occidental (OXY) Q1 Earnings Surpass, Revenues Lag Estimates

Occidental Petroleum Corporation (OXY) reported first-quarter 2024 earnings of 65 cents per share, which surpassed the Zacks Consensus Estimate of 56 cents by 16.1%. In the year-ago quarter, the company recorded earnings of $1.09.GAAP earnings was 75 cents compared with$1 in the year-ago quarter.Total RevenuesTotal revenues came in at $6.01 billion, which lagged the Zacks Consensus Estimate of$6.66 billion by 9.8%. The top line declined 17.2% year over year.Segmental DetailsOil and Gas revenues totaled $4 ...