Earnings Preview: Occidental Petroleum EPS, Revenue Expected to Rise from Previous Quarter

Occidental Petroleum OXY unveils its next round of earnings this Tuesday, July 26, 2011. Get prepared with Benzinga's ultimate preview for Occidental Petroleum's second quarter earnings.

Earnings and Revenue:

Wall Street expects a positive EPS reading of $2.19 per share and revenues of $5.79 billion. Investors will be looking to see how this quarter's numbers compare against the year-ago quarter's EPS of $1.31 per share on revenues of $4.76 billion. Can Occidental Petroleum manage the estimated 67.2% rise in EPS and 21.6% increase in revenues as analysts are predicting? We'll have to wait until Tuesday to find out.

Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter	Q1	Q4	Q3	Q2
EPS Estimate	$1.80	$1.53	$1.37	$1.34
EPS Actual	$1.96	$1.56	$1.47	$1.31

Stock Performance:

As of July 20, 2011, Occidental Petroleum's current share price was $106.19. Since January 1st, shares of Occidental Petroleum have given investors a return of 9.2%.

Average Stock Rating:

The average rating by analysts for Occidental Petroleum is a Moderate Buy. The strength of this rating has declined slightly over the past three months.

Competitors:

Looking for a sympathy stock to trade or interested in the performance of other companies in the same sector? Take a look at some of Occidental Petroleum's peers.

ConocoPhillips COP: Hold with a $1.82 recent quarter EPS
Chevron CVX: Moderate Buy with a $3.09 recent quarter EPS
Eni NYSE: E): Hold with a $2.02 recent quarter EPS

Occidental Petroleum is in the integrated oil-US industry, which has experienced price/earnings growth of 0.9%.

Finally, a description of the company's main areas of operation: Occidental Petroleum is an international organization with subsidiaries operating in the oil and gas, chemical and midstream markets.

Take Action:

Now that you have reviewed all the numbers, be ready to move if the upcoming Occidental Petroleum earnings report has any surprises. Also, come back to Benzinga after the announcement for a full recap and a guide to your next steps.