Occidental Petroleum (NYSE:OXY) reported quarterly earnings of $2.40 per share which beat the analyst consensus estimate of $1.85 by 29.73 percent. This is a 823.08 percent increase over earnings of $0.26 per share from the same period last year. The company reported quarterly sales of $8.327 billion which beat the analyst consensus estimate of $7.059 billion by 17.96 percent. This is a 57.08 percent increase over sales of $5.301 billion the same period last year.