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"Occidental Petroleum" achieved a profit of $ 1.87 billion


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Tuesday, November 6, 2018 12:45 US oil company "Occidental Petroleum Corp." registered higher earnings Monday in the third quarter of this year, compared with the same period last year.

Total third quarter profit was $ 1.87 billion, or $ 2.44 per share, compared to $ 190 million, or $ 0.25 per share, for the same period last year, the company said.

At the same time, the company's profit after excluding seasonal variables in the third quarter amounted to $ 1.36 billion, equivalent to $ 1.77 per share, while analysts expected earnings of $ 1.45 per share.

Revenue for the third quarter rose 98.7 percent to $ 6.18 billion, compared to $ 11.3 billion in the same period last year.

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Source: Shorouq Portal

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