Occidental: Q3 Earnings Snapshot

Occidental: Q3 Earnings Snapshot

HOUSTON (AP) — HOUSTON (AP) — Occidental Petroleum Corp. (OXY) on Monday reported third-quarter net income of $1.82 billion.

Occidental Petroleum (NYSE:OXY) Posts Earnings Results

Occidental Petroleum (NYSE:OXY - Get Free Report) released its quarterly earnings results on Monday. The oil and gas producer reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.46. Occidental Petroleum had a return on equity of 15.31% and a net margin of 28.36%.

Occidental Profit Tops Estimates as Debt Slashed

'We reached an important milestone in the third quarter, reducing principal debt to $10 billion after retiring $10.4 billion of debt since the beginning of this year'.