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HOUSTON (AP) — HOUSTON (AP) — Occidental Petroleum Corp. (OXY) on Wednesday reported first-quarter net income of $936 million.
On a per-share basis, the Houston-based company said it had profit of 77 cents. Earnings, adjusted for non-recurring costs, were 87 cents per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.
The oil and gas exploration and production company posted revenue of $6.84 billion in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $7.15 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OXY at https://www.zacks.com/ap/OXY