27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Occidental Petroleum (NYSE:OXY) reported its Q2 earnings results on Tuesday, August 2, 2022 at 04:15 PM.
Here's what investors need to know about the announcement.
Earnings
Occidental Petroleum beat estimated earnings by 4.64%, reporting an EPS of $3.16 versus an estimate of $3.02.
Revenue was up $4.72 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.09 which was followed by a 1.16% increase in the share price the next day.
Here's a look at Occidental Petroleum's past performance:
Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
---|---|---|---|---|
EPS Estimate | 2.03 | 1.11 | 0.66 | -0.12 |
EPS Actual | 2.12 | 1.48 | 0.87 | 0.32 |
Revenue Estimate | 8.08B | 7.32B | 6.54B | 5.61B |
Revenue Actual | 8.53B | 8.01B | 6.82B | 6.01B |
To track all earnings releases for Occidental Petroleum visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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