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)
11/18/201511:30:035 Things Occidental Petroleum Corporation Wants You to Know
10/31/201514:15:15Weekly Market Update: October Is In The Books With A Gain On...
10/30/201506:09:27Quarterly Report (10-q)
10/28/201515:12:00Occidental Petroleum to Exit Bakken Shale Among Heavy Losses...
10/28/201514:30:03Despite Terrible Oil Prices, Occidental Petroleum Corporation...
10/28/201508:50:00Occidental Petroleum Swings to Loss
10/28/201508:39:00Occidental Petroleum Swings to Loss
10/28/201508:15:00Correction to Occidental Petroleum Earnings Headline
10/28/201507:02:14Current Report Filing (8-k)
10/28/201507:00:00Occidental Petroleum Announces 3rd Quarter 2015 Results
10/24/201512:00:05Should Investors Worry That These 2 High-Yield Oil Stocks Are...
10/22/201505:43:21'I Blew It With Tyson Foods' - Cramer's Lightning Round (10/21/15)
10/20/201516:06:07Occidental Petroleum: Dumping Bakken Assets To Protect The Dividend
10/17/201515:06:03Occidental Petroleum Corporation and the Reminder That Timing...
10/16/201520:18:23Oxy's reported deeply discounted Bakken sale shows buyers have...
10/16/201505:52:03Blackstone Has A Better Profile Than Carlyle - Cramer's Lightning...
10/15/201520:31:00Occidental to Sell North Dakota Shale Assets to Lime Rock Resources...
10/14/201518:54:43Major oil dividends mostly safe even as stock gains likely not...
10/14/201516:21:28Securities Registration: Employee Benefit Plan (s-8)
10/14/201516:17:25Current Report Filing (8-k)

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 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations