Occidental Petroleum Corporation (NYSE: OXY) is expected to report an improvement in its top and bottom lines when it reports second-quarter 2024 results on Aug 7, after market close. The Zacks Consensus Estimate for OXY's second-quarter revenues is pegged at $7.18 billion, indicating a 6.6% increase from the year-ago reported figure. The consensus estimate for earnings is pegged at 77 cents per share. The Zacks Consensus Estimate for OXY's second-quarter earnings has decreased by 18.9% in the past 60 days. The estimate suggests year-over-year growth of 13.24%. Image Source: Zacks Investment Research Solid Earnings Surprise History Occidental Petroleum's earnings beat the Zacks Consensus Estimate in three out of the trailing four quarters while lagging in one quarter, the average surprise being 11.45%. Image Source: Zacks Investment Research What the Zacks Model Unveils Our proven model does not conclusively predict an earnings beat for Occidental Petroleum this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here, as you can see below. Occidental Petroleum Corporation Price, Consensus and EPS Surprise Occidental Petroleum Corporation price-consensus-eps-surprise-chart | Occidental Petroleum Corporation Quote Earnings ESP: Occidental has an Earnings ESP of -3.34%. Zacks ...