US Stocks Surging | Occidental Petroleum (OXY.US) Rises Over 3% Q2 Earnings Exceed Expectations

According to the Wisdom Financial APP, on Thursday, Occidental Petroleum (OXY.US) rose 6% at one point during trading, and as of the time of publication, it had risen more than 3% to $43.93. In terms of news, Occidental Petroleum's second-quarter profit exceeded Wall Street expectations, with the company achieving revenue of $6.46 billion, surpassing analysts' expectations of $6.24 billion. Adjusted earnings per share were $0.39, significantly higher than the analyst average forecast of $0.29. Looking ahead, Occidental Petroleum stated that it will lower its capital expenditure forecast for the year by $100 million and reduce international operating costs by $50 million.