Occidental Petroleum Corp. Q3 adjusted earnings Beat Estimates

(RTTNews) - Occidental Petroleum Corp. (OXY) released a profit for its third quarter that rose from last year.

The company's profit totaled $1.87 billion, or $2.44 per share. This compares with $0.19 billion, or $0.25 per share, in last year's third quarter.

Excluding items, Occidental Petroleum Corp. reported adjusted earnings of $1.36 billion or $1.77 per share for the period.

Analysts had expected the company to earn $1.54 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 98.7% to $6.18 billion from $3.11 billion last year.

Occidental Petroleum Corp. earnings at a glance:

-Earnings (Q3): $1.36 Bln. vs. $0.14 Bln. last year. -EPS (Q3): $1.77 vs. $0.18 last year. -Analysts Estimate: $1.54 -Revenue (Q3): $6.18 Bln vs. $3.11 Bln last year.