Occidental Petroleum Q2 2024 Adj EPS $1.03 Beats $0.77 Estimate, Sales $6.82B Beat $6.80B Estimate
Portfolio Pulse from Benzinga Newsdesk
Occidental Petroleum (NYSE:OXY) reported Q2 2024 adjusted EPS of $1.03, beating the $0.77 estimate by 33.77%. Sales were $6.82 billion, slightly above the $6.80 billion estimate and up 1.32% from last year.
August 07, 2024 | 8:18 pm
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Occidental Petroleum (NYSE:OXY) reported strong Q2 2024 earnings with an adjusted EPS of $1.03, significantly beating the $0.77 estimate. Sales also slightly exceeded expectations at $6.82 billion, up 1.32% year-over-year.
The significant beat on EPS and slight beat on sales indicate strong financial performance, likely leading to a positive short-term impact on OXY's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100