ADVFN - Advanced Financial Network.
HOME» NYSE » O » OXY Stock Price » OXY Stock News

Occidental Pet Share News

 Occidental Petroleum Corp Stock Price
OXY Stock Price
 Occidental Petroleum Corp Stock Chart
OXY Stock Chart
 Occidental Petroleum Corp Stock News
OXY Stock News
 Occidental Petroleum Corp Company Information
OXY Company Information
 Occidental Petroleum Corp Stock Trades
OXY Stock Trades

Occidental Petroleum 1Q Profit Up 0.7% On Higher Production

DOW JONES NEWSWIRES Occidental Petroleum Corp.'s (OXY) first-quarter earnings edged up 0.7% as the exploration and production company benefited from higher production and strong oil prices. Occidental's heavy investment in the U.S.--in California, Texas and the interior of the country--has boosted production recently. Last week, Moody's Investors Service raised Occidental's rating a notch, partly due to the company's significant cash reserves. Average daily oil and natural-gas production grew 3.4% from a year earlier to 755,000 barrels of oil equivalent per day. Average prices increased 17% for oil, while natural-gas liquids prices edged down 0.3% worldwide. Natural-gas prices dropped by nearly a third. Occidental reported a profit of $1.6 billion, or 1.92 a share, up from $1.55 billion, or $1.90 a share, a year earlier. Excluding prior-year write-downs, year-earlier earnings from continuing operations were $1.96. Revenue grew 9.4% to $6.27 billion. Analysts polled by Thomson Reuters were expecting earnings of $1.92 a share on revenue of $6.13 billion. Revenue in the company's main oil and gas segment rose 12% as profit increased 1.4%. Chemical sales fell 1.4% while profit was down 16%. Shares closed at $90.11 Wednesday and were inactive in recent premarket trading. The stock has fallen 3.8% this year, trailing the broader market. --By Anne Pallivathuckal and Tess Stynes, Dow Jones Newswires; 212-416-2481;

Stock News for Occidental Pet (OXY)
02/04/201617:34:25Statement of Changes in Beneficial Ownership (4)
02/04/201608:40:00Occidental Petroleum Loss Widens
02/04/201608:34:00Occidental Petroleum Loss Widens
02/04/201607:06:38Current Report Filing (8-k)
02/04/201607:00:00Occidental Petroleum Announces 4th Quarter 2015 Results
01/28/201615:36:02Statement of Changes in Beneficial Ownership (4)
01/28/201614:03:36Statement of Ownership (sc 13g)
01/21/201618:40:07Statement of Changes in Beneficial Ownership (4)
01/19/201609:26:02Current Report Filing (8-k)
01/19/201609:00:00Occidental Petroleum and the Republic of Ecuador Reach Understanding...
01/14/201615:40:08Statement of Changes in Beneficial Ownership (4)
01/10/201619:29:00Investors Gain Greater Clout Over Boards
01/08/201609:00:00Occidental Petroleum 4th Quarter Results to be Announced Thursday...
01/07/201615:49:43Statement of Changes in Beneficial Ownership (4)
12/31/201513:54:03Statement of Changes in Beneficial Ownership (4)
12/25/201505:59:00Energy Companies Gird for Weaker Prices in 2016
12/24/201511:47:00Statement of Changes in Beneficial Ownership (4)
12/17/201517:27:00Statement of Changes in Beneficial Ownership (4)
12/10/201518:38:32Statement of Changes in Beneficial Ownership (4)
12/10/201510:56:00Occidental Petroleum Promotes Vicki A. Hollub to President...

Occidental Pet and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations