Occidental Petroleum reports blowout Q3 earnings
Source Investing
Investing.com - Occidental Petroleum on Tuesday reported blowout third-quarter earnings, driven by strong operational performance.
Occidental Petroleum Corporation (NYSE:OXY) rose more than 1% in after-hours trade following the report.
The company reported Q3 EPS of $1 on revenue of $7.15B, compared with analyst estimates for $0.74 and $7.15B, respectively.
"Strong operational performance drove operating cash flow of $3.8 billion and operating cash flow before working capital of $3.1 billion," the company said.
Production was 1.412M of barrels of oil equivalent per day in Q3, up from 1.220M boed in the same period a year earlier.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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