Occidental Petroleum Misses
Occidental Petroleum (OXY) reported a 2nd Quarter June 2020 loss of $1.76 per share on revenue of $3.0 billion. The consensus estimate was a loss of $1.66 per share on revenue of $4.2 billion. The Earnings Whisper number was for a loss of $1.70 per share. Revenue fell 33.5% 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.
Occidental Announces Second Quarter 2020 Results
HOUSTON, Aug. 10, 2020 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced its second quarter 2020 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, August 11, 2020, at 11 a.m. Eastern/10 a.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. A recording of the webcast will be posted on the Investor Relations section of the website after the call is completed.
Occidental is an international energy company with operations in the United States, Middle East, Africa and Latin America. We are the largest onshore oil producer in the U.S., including in the Permian Basin, and a leading offshore producer in the 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 dioxide management to advance a lower-carbon world. Visit oxy.com for more information.