Occidental Petroleum Corp. Reports Gain In Q1 Profit

(RTTNews) - Occidental Petroleum Corp. (OXY) reported earnings for its first quarter that increased from last year.

The company's bottom line totaled $708 million, or $0.92 per share. This compares with $117 million, or $0.15 per share, in last year's first quarter.

Analysts had expected the company to earn $0.71 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 28.5% to $3.83 billion from $2.98 billion last year.

Occidental Petroleum Corp. earnings at a glance:

-Earnings (Q1): $708 Mln. vs. $117 Mln. last year. -EPS (Q1): $0.92 vs. $0.15 last year. -Analysts Estimate: $0.71 -Revenue (Q1): $3.83 Bln vs. $2.98 Bln last year.