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Occidental Petroleum Q1 Loss Narrows Amid Lower Revenue -- Stock 1% Lower After-Hours

05/10/2021 12:42

04:32 PM EDT, 05/10/2021 (MT Newswires) -- Occidental Petroleum (OXY) on Monday narrowed its adjusted net loss to $0.15 per share in Q1 from $0.67 per share a year earlier, a much smaller loss than analyst estimates of $0.33 loss per share in a Capital IQ poll.

Revenue fell to $5.29 billion from $6.61 billion a year ago. The Street estimate was for revenue of $4.98 billion.

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