What’s Happening With Occidental Petroleum Stock During Tuesday’s After-Hours Session

Occidental Petroleum Corporation (NYSE: OXY) shares are trading modestly lower by 0.95% to $74.12 during Tuesday’s after-hours session after the company reported third-quarter financial results.

What Happened?

Occidental Petroleum reported third-quarter EPS of $2.44, lower than the analyst consensus estimate of $2.46. Occidental Petroleum also reported inline third-quarter sales results of $9.5 billion.

As of September 30, 2022, Occidental had approximately $1.2 billion of cash and cash equivalents on hand. Occidental also has $562 million remaining of the $3.0 billion share repurchase program that was announced in February 2022. Occidental expects to use cash on hand and cash flow from operations to complete the program in the fourth quarter.

See Also: Why Ethereum Classic Is Down 14% Today

According to data from Benzinga Pro, OXY has a 52-week high of $77.13 and a 52-week low of $26.05.

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Source: https://finance.yahoo.com/news/whats-happening-occidental-petroleum-stock-215135113.html