LOS ANGELES (dpa-AFX) - Occidental Petroleum Corp. (OXY) revealed earnings
for first quarter that decreased from last year but beat the Street estimates.

The company's earnings came in at $718 million, or $0.75 per share. This
compares with $983 million, or $1.00 per share, in last year's first quarter.

Excluding items, Occidental Petroleum Corp. reported adjusted earnings of $604
million or $0.63 per share for the period.

Analysts on average had expected the company to earn $0.60 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 17.2% to $6.01 billion from $7.26
billion last year.

Occidental Petroleum Corp. earnings at a glance (GAAP) :

-Earnings (Q1): $718 Mln. vs. $983 Mln. last year.
-EPS (Q1): $0.75 vs. $1.00 last year.
-Revenue (Q1): $6.01 Bln vs. $7.26 Bln last year.


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