Summary
Occidental Petroleum Beats
Occidental Petroleum (OXY) reported a 1st Quarter March 2021 loss of $0.15 per share on revenue of $5.5 billion. The consensus estimate was a loss of $0.33 per share on revenue of $4.9 billion. The Earnings Whisper number was for a loss of $0.27 per share. Revenue fell 15.1% compared to the same quarter a year ago.
Occidental Petroleum Corp is a multinational organization whose subsidiaries and affiliates operate in the oil and gas, chemical and midstream, marketing & other segments.
Results
Reported Earnings
($0.15)
Earnings Whisper
($0.27)
Consensus Estimate
($0.33)
Reported Revenue
$5.48 Bil
Revenue Estimate
$4.91 Bil
Growth
Earnings Growth
Revenue Growth
Earnings Release
Occidental Announces 1st Quarter 2021 Results
HOUSTON, May 10, 2021 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced its first quarter 2021 financial results. The announcement and financial schedules can be accessed via the Investor Relations section of the company’s website, oxy.com. The earnings release is also available on the U.S. Securities and Exchange Commission's website at sec.gov.
The company will hold a conference call on Tuesday, May 11, 2021, at 1 p.m. Eastern/12 p.m. Central. The conference call may be accessed by calling 1-866-871-6512 (international callers dial 1-412-317-5417) or via webcast at oxy.com/investors. Participants may pre-register for the conference call at https://dpregister.com/sreg/10154029/e5f102f8a9. A recording of the webcast will be posted on the Investor Relations section of the website after the call is completed.
About Occidental
Occidental is an international energy company with assets in the United States, Middle East, Africa and Latin America. We are one of the largest oil producers in the U.S., including a leading producer in the Permian and DJ basins, and offshore Gulf of Mexico. Our midstream and marketing segment provides flow assurance and maximizes the value of our oil and gas. Our chemical subsidiary OxyChem manufactures the building blocks for life-enhancing products. Our Oxy Low Carbon Ventures subsidiary is advancing leading-edge technologies and business solutions that economically grow our business while reducing emissions. We are committed to using our global leadership in carbon management to advance a lower-carbon world.?? Visit oxy.com for more information.
Source: Occidenta
