April 25, 2013 / 11:56 AM / 4 years ago

CORRECTED-Occidental Petroleum profit tops estimates

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(Corrects first-quarter EPS to $1.68 from $1.69 in paragraph 2)

April 25 (Reuters) - 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)

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