Investing.com - Occidental (NYSE:OXY) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Occidental announced earnings per share of $0.32 on revenue of $5.96B. Analysts polled by Investing.com anticipated EPS of $-0.0128 on revenue of $5.84B.
Occidental shares are up 6% from the beginning of the year, still down 21.05% from its 52 week high of $33.49 set on July 1. They are under-performing the Nasdaq 100 which is up 16.86% from the start of the year.
Occidental shares gained 2.12% in after-hours trade following the report.
Occidental follows other major Energy sector earnings this month
Occidental's report follows an earnings beat by Exxon Mobil on Friday, who reported EPS of $1.1 on revenue of $67.74B, compared to forecasts EPS of $1.01 on revenue of $64.64B.
Chevron had beat expectations on Friday with second quarter EPS of $1.71 on revenue of $37.6B, compared to forecast for EPS of $1.59 on revenue of $36.33B.
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