(Corrects first-quarter EPS to $1.68 from $1.69 in paragraph 2)
April 25 Occidental Petroleum Corp, the
fourth-largest U.S. oil company, reported a higher-than-expected
quarterly profit as it absorbed the impact of low U.S. natural
gas prices and cut costs.
Occidental reported a first-quarter net profit of $1.36
billion, or $1.68 per share, compared with $1.56 billion, or
$1.92 per share, a year earlier.
Excluding items, the company earned $1.69 per share, topping
analysts' average estimate of $1.54 per share, according to
Thomson Reuters I/B/E/S.
Revenue fell 6 percent to $5.87 billion.
(Reporting by Braden Reddall in San Francisco and Siddharth
Cavale in Bangalore; Editing by Saumyadeb Chakrabarty)