Occidental Petroleum (OXY) Issues Earnings Results, Meets Expectations
Occidental Petroleum (NYSE:OXY) announced its quarterly earnings results on Tuesday. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.41, Bloomberg Earnings reports. Occidental Petroleum had a net margin of 4.33% and a return on equity of 1.31%. During the same quarter in the prior year, the firm earned ($0.13) EPS.
Occidental Petroleum (OXY) opened at $69.72 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45. The firm has a market cap of $53,350.00, a price-to-earnings ratio of 98.20, a price-to-earnings-growth ratio of 4.37 and a beta of 0.53. Occidental Petroleum has a 12-month low of $57.20 and a 12-month high of $78.09.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 9th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date is Thursday, March 8th. Occidental Petroleum’s dividend payout ratio is presently 433.80%.
About Occidental Petroleum
Occidental Petroleum Corporation (Occidental) is an oil and gas exploration and production company. The Company operates through three segments: oil and gas, chemical (OxyChem), 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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