Occidental Petroleum (NYSE:OXY) reported its Q1 earnings results on Tuesday, May 10, 2022 at 04:15 PM.
Here's what investors need to know about the announcement.
Earnings
Occidental Petroleum beat estimated earnings by 4.43%, reporting an EPS of $2.12 versus an estimate of $2.03.
Revenue was up $3.05 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.37 which was followed by a 0.46% drop in the share price the next day.
Here's a look at Occidental Petroleum's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.11 | 0.66 | -0.12 | -0.33 |
| EPS Actual | 1.48 | 0.87 | 0.32 | -0.15 |
| Revenue Estimate | 7.32B | 6.54B | 5.61B | 4.91B |
| Revenue Actual | 8.01B | 6.82B | 6.01B | 5.48B |
To track all earnings releases for Occidental Petroleum visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
