Occidental Petroleum (NYSE:OXY) posted its quarterly earnings results on Wednesday. The oil and gas producer reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.21 by ($0.11), Bloomberg Earnings reports. Occidental Petroleum had a return on equity of 6.15% and a net margin of 13.47%. The business had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.13 billion. During the same quarter in the previous year, the business posted $0.15 earnings per share. The company’s quarterly revenue was up 14.7% compared to the same quarter last year.
NYSE:OXY traded up $0.99 during mid-day trading on Friday, hitting $78.78. The stock had a trading volume of 8,231,400 shares, compared to its average volume of 4,973,301. The company has a market cap of $62.75 billion, a PE ratio of 88.52, a P/E/G ratio of 2.63 and a beta of 0.63. Occidental Petroleum has a 52 week low of $58.44 and a 52 week high of $87.67. The company has a quick ratio of 1.11, a current ratio of 1.26 and a debt-to-equity ratio of 0.50.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Monday, September 10th will be given a $0.78 dividend. The ex-dividend date is Friday, September 7th. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.77. This represents a $3.12 annualized dividend and a yield of 3.96%. Occidental Petroleum’s dividend payout ratio (DPR) is currently 346.07%.
Occidental Petroleum Company Profile
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.
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