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Occidental Petroleum reports mixed q3 results

By Yasin Ebrahim 

Investing.com -- Occidental Petroleum reported Tuesday mixed third-quarter results as earnings missed, but revenue beat Wall Street estimates.  

Occidental Petroleum Corporation (NYSE:OXY) was up about 1% in afterhours trading following the report.

The oil major reported adjusted EPS of $2.44 on revenue of $9.5 billion, compared with estimates for EPS of $2.68 on revenue of $9.44B.

 
Total average global production rose to 1,180 thousand barrels of oil equivalent per day, or Mboed, for the third quarter of 2022, up from 1,160 Mboed in the same period a year earlier.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.