HOUSTON (AP) _ Occidental Petroleum Corp. (OXY) on Tuesday reported second-quarter net income of $3.76 billion.
The Houston-based company said it had net income of $3.47 per share. Earnings, adjusted for non-recurring gains, came to $3.16 per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.93 per share.
The oil and gas exploration and production company posted revenue of $10.74 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $9.74 billion.
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