Recap: Occidental Petroleum Q3 Earnings

Shares of Occidental Petroleum (NYSE:OXY) fell 5.23% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 863.64% over the past year to ($0.84), which missed the estimate of ($0.72).

Revenue of $3,283,000,000 decreased by 44.08% from the same period last year, which missed the estimate of $4,280,000,000.

Outlook

Occidental Petroleum hasn't issued any earnings guidance for the time being.

Occidental Petroleum hasn't issued any revenue guidance for the time being.

Price Action

Company's 52-week high was at $47.58

52-week low: $8.52

Price action over last quarter: down 18.47%

Company Overview

Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2019, the company reported net proven reserves of 3.8 billion barrels of oil equivalent. Net production averaged 996 thousand barrels of oil equivalent per day in 2019 at a ratio of 76% oil and natural gas liquids and 24% natural gas.