offline
Basic Materials | Independent Oil & Gas | USA
Occidental Petroleum Earnings Beat As Big Week For Oil, Shale Starts
...
Estimates: EPS expected to soar 173% to $1.12 with revenue rising 25.8% to $4.51 billion.
Results: EPS of $1.22 on revenue of $4.8 billion as total production climbed 12.7% to 700,000 barrels of oil equivalent per day and Permian resources production jumped 57% to 250,000 boe per day.
Outlook: Full-year 2019 production to grow 9%-11% with Permian resources up 30%. But Occidental's 2019 capital spending budget is 10% lower at $4.5 billion.
...
https://www.investors.com/news/oil-compa...yptr=yahoo
![[Bild: OXYc1dl1723.png]](https://finviz.com/publish/021219/OXYc1dl1723.png)
Occidental Petroleum Earnings Beat As Big Week For Oil, Shale Starts
...
Estimates: EPS expected to soar 173% to $1.12 with revenue rising 25.8% to $4.51 billion.
Results: EPS of $1.22 on revenue of $4.8 billion as total production climbed 12.7% to 700,000 barrels of oil equivalent per day and Permian resources production jumped 57% to 250,000 boe per day.
Outlook: Full-year 2019 production to grow 9%-11% with Permian resources up 30%. But Occidental's 2019 capital spending budget is 10% lower at $4.5 billion.
...
https://www.investors.com/news/oil-compa...yptr=yahoo
