Investing.com – Occidental (NYSE:) reported third quarter that beat analyst’s expectations on Monday and revenue that topped forecasts.
The firm reported earnings per share of $1.77 on revenue of $6.2B. Analysts polled by Investing.com forecast EPS of $1.54 on revenue of $4.57B. That compared to EPS of $0.41 on revenue of $3.07B in the same period a year earlier. The company had reported EPS of $1.1 on revenue of $4.08B in the previous quarter.
For the year, Occidental shares are down 5.04%, under-performing the which is up 2.03% year to date.
Occidental follows other major Energy sector earnings this month
On Friday, Exxon Mobil reported third quarter EPS of $1.46 on revenue of $76.61B, compared to forecasts of EPS of $1.22 on revenue of $75.68B.
Royal Dutch Shell B ADR earnings missed analyst’s expectations on Thursday, with third quarter EPS of $1.36 on revenue of $100.15B. Investing.com analysts expected EPS of $1.43 on revenue of $92.76B
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