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Occidental Petroleum’s Stock Reaction to 1Q18 Earnings

Nicholas Chapman
Occidental Petroleum’s Stock Reaction to 1Q18 Earnings

Occidental Petroleum (OXY) announced its 1Q18 earnings on May 8 after the market closed. In 1Q18, Occidental Petroleum’s reported revenues of ~$3.83 billion were much better than the Wall Street analyst consensus of ~$3.67 billion. In 1Q18, OXY reported an adjusted profit of $0.92 per share, beating Wall Street analysts’ consensus for a profit of $0.70 per share. To learn more about OXY’s net income and revenues, see parts 1 and 2 of this series.