Investing.com - Occidental (NYSE:OXY) reported third quarter earnings that missed analysts' expectations on Monday and revenue that topped forecasts.
The firm reported earnings per share of $0.11 on revenue of $5.87B. Analysts polled by Investing.com anticipated EPS of $0.37 on revenue of $5.83B. That compared to EPS of $1.74 on revenue of $5.22B in the same period a year earlier. The company had reported EPS of $0.97 on revenue of $4.42B in the previous quarter.
Occidental shares lost 2.28% to trade at $43.22 in after-hours trade following the report.
For the year, Occidental shares are down 27.94%, under-performing the S&P 500 which is up 24.28% year to date.
Occidental follows other major Energy sector earnings this month
On Friday, Exxon Mobil reported third quarter EPS of $0.68 on revenue of $65.05B, compared to forecasts of EPS of $0.67 on revenue of $60.9B.
Royal Dutch Shell B ADR earnings beat analyst's expectations on Thursday, with third quarter EPS of $1.18 on revenue of $86.59B. Investing.com analysts expected EPS of $0.98 on revenue of $84.9B
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