http://signaloil.wpengine.com/wp-content/uploads/2015/10/Signal-Oil-logo-red-300x32.png 0 0 RSS FEED http://signaloil.wpengine.com/wp-content/uploads/2015/10/Signal-Oil-logo-red-300x32.png RSS FEED2018-08-09 03:07:152018-08-09 03:07:15Occidental Petroleum’s Profit Beats Expectations On Rising Oil Price
Occidental Petroleum’s Profit Beats Expectations On Rising Oil Price
U.S. oil producer Occidental Petroleum Corp. posted a better-than-expected quarterly profit on Aug. 8 as rising crude prices helped offset a production dip.
The company posted net income of $848 million, or $1.10 per share, compared to $507 million, or 66 cents per share, in the year-ago period.
Excluding one-time items, the company earned $1.22 per share. By that measure, analysts expected earnings of $1.21 per share, according to Thomson Reuters I/B/E/S.