Occidental Petroleum Corp. Announces 98% Decline In Q3 Bottom Line

(RTTNews) - Occidental Petroleum Corp. (OXY) reported a profit for third quarter that decreased from last year.

The company said its earnings dropped to $24 million, or $0.03 per share. This was down from $1046 million, or $1.34 per share, in last year's third quarter.

The company said revenue for the quarter fell 34.1% to $3.25 billion. This was down from $4.93 billion last year.

Occidental Petroleum Corp. earnings at a glance:

-Earnings (Q3): $24 Mln. vs. $1046 Mln. last year. -Earnings Decline (Y-o-Y): -97.7% -EPS (Q3): $0.03 vs. $1.34 last year. -EPS Decline (Y-o-Y): -97.8% -Revenue (Q3): $3.25 Bln vs. $4.93 Bln last year. -Revenue Change (Y-o-Y): -34.1%