We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Occidental Petroleum Corporation (OXY - Free Report) is an integrated oil and gas company. This Houston, TX-based firm operates in the U.S. and several international territories with considerable exposure in exploration and production activities.
Estimate Trend & Surprise History
Investors should note that the first quarter Zacks Consensus Estimate for earnings of 14 cents per share has decreased 58.8% over the last 90 days.
Coming to the earnings surprise, Occidental Petroleum has lagged the Zacks Consensus Estimate in three of the last four quarters, resulting in a negative average surprise of 93.83%.
Earnings: Occidental Petroleum beat on earnings. Our consensus called for first-quarter EPS of 14 cents, and the company reported EPS of 15 cents.
Revenue: Occidental Petroleum lagged the revenue estimates in the first quarter. The company posted revenues of $2,978 million in the first quarter, compared to our consensus estimate of $3,011 million.
Key Stats: Average daily oil and gas production volumes in the first quarter were 584 thousand barrels of oil equivalents (MBoe), and average daily sales volumes to 583 thousand boe.
Stock Price: It would be interesting to see how the market reacts to the earnings results during the trading session today.
Check back later for our full write up on this OXY earnings report later!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Image: Bigstock
Occidental Petroleum (OXY) Tops Q1 Earnings, Lags Revenues
Occidental Petroleum Corporation (OXY - Free Report) is an integrated oil and gas company. This Houston, TX-based firm operates in the U.S. and several international territories with considerable exposure in exploration and production activities.
Estimate Trend & Surprise History
Investors should note that the first quarter Zacks Consensus Estimate for earnings of 14 cents per share has decreased 58.8% over the last 90 days.
Coming to the earnings surprise, Occidental Petroleum has lagged the Zacks Consensus Estimate in three of the last four quarters, resulting in a negative average surprise of 93.83%.
Zacks Rank: Occidental Petroleum has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change.
We have mentioned below some of the vital information from this just-revealed announcement.
Occidental Petroleum Corporation Price and EPS Surprise
Occidental Petroleum Corporation Price and EPS Surprise | Occidental Petroleum Corporation Quote
Earnings: Occidental Petroleum beat on earnings. Our consensus called for first-quarter EPS of 14 cents, and the company reported EPS of 15 cents.
Revenue: Occidental Petroleum lagged the revenue estimates in the first quarter. The company posted revenues of $2,978 million in the first quarter, compared to our consensus estimate of $3,011 million.
Key Stats: Average daily oil and gas production volumes in the first quarter were 584 thousand barrels of oil equivalents (MBoe), and average daily sales volumes to 583 thousand boe.
Stock Price: It would be interesting to see how the market reacts to the earnings results during the trading session today.
Check back later for our full write up on this OXY earnings report later!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>