Occidental Petroleum (OXY) Reports Q2 Loss, Misses Revenue Estimates

Occidental Petroleum (OXY) came out with a quarterly loss of $1.76 per share versus the Zacks Consensus Estimate of a loss of $1.66. This compares to earnings of $0.97 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -6.02%. A quarter ago, it was expected that this oil and gas exploration and production company would post a loss of $0.50 per share when it actually produced a loss of $0.52, delivering a surprise of…

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