Occidental Petroleum (NYSE:OXY – Get Free Report) posted its quarterly earnings results on Tuesday. The oil and gas producer reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01, Briefing.com reports. The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.70 billion. Occidental Petroleum had a return on equity of 20.63% and a net margin of 16.24%. The firm’s revenue for the quarter was down 17.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.09 EPS.
Occidental Petroleum Trading Up 0.1 %
NYSE OXY traded up $0.05 during trading on Tuesday, hitting $65.07. The stock had a trading volume of 6,156,668 shares, compared to its average volume of 8,472,645. The stock has a market capitalization of $57.68 billion, a price-to-earnings ratio of 16.66 and a beta of 1.64. The stock has a 50 day simple moving average of $64.89 and a 200 day simple moving average of $61.34. Occidental Petroleum has a one year low of $55.12 and a one year high of $71.18. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.69 and a current ratio of 0.92.
Occidental Petroleum Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 10th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Friday, June 7th. Occidental Petroleum’s dividend payout ratio (DPR) is currently 22.51%.
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About Occidental Petroleum
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.
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