Occidental Petroleum (OXY) Misses On Earnings

Occidental Petroleum (OXY) earnings were released today, May 9th, postmarket. George Tsilis discusses OXY as its adjusted EPS came in at $1.09 versus an estimated $1.30 and revenue came in at $7.26B versus an estimated $7.54B. he talks about how OXY is really concentrated in the terms of its profits upstream when it comes down to oil and gas. He notes that the stock itself is down about 3% year-to-date, but that's to be expected because oil prices are down. Tune in to find out more about the stock market today.