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Occidental Petroleum Earnings Preview

Benzinga Insights

On Monday, August 10, Occidental Petroleum (NYSE: OXY) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.

Earnings and Revenue

Wall Street expects EPS of $-1.67 and sales around $3.88 billion. In the same quarter last year, Occidental Petroleum reported earnings per share of $0.97 on sales of $4.48 billion. If the company were to match the consensus estimate when it reports Monday, EPS would have fallen 272.16%. Here's how the company's EPS has stacked up against analyst estimates in the past:

Quarter

Q1 2020

Q4 2020

Q3 2019

Q2 2019

EPS Estimate

-0.62

-0.17

0.38

0.98

EPS Actual

-0.52

-0.30

0.11

0.97

Revenue Estimate

5.18 B

6.45 B

5.55 B

4.42 B

Revenue Actual

6.45 B

6.80 B

5.87 B

4.48 B

Stock Performance

Over the last 52-week period, shares are down 66.26%. Given that these returns are generally negative, long-term shareholders are probably unhappy going into this earnings release.

View more earnings on OXY

Don't be surprised to see the stock move on comments made during its conference call. Occidental Petroleum is scheduled to hold the call at 11:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/qh92n9bo

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