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BRIEF-Occidental Petroleum posts qtrly net income of $0.15 per share

May 4 Occidental Petroleum Corp:

* Qtrly net income of $117 million or $0.15 per share

* Total average daily production volumes were 584,000 barrels of oil equivalent (BOE) for the first quarter of 2017

* Q1 net sales $2,957 million versus $2,123 million

* Chemical pre-tax income for the first quarter of 2017 was $170 million

* Q1 reported sales volume 583 mboe/d versus 651 mboe/d

* Lower costs, improved crude oil prices and increase in caustic soda prices, sales volumes resulted in increase to qtrly income on a sequential basis

* Q1 earnings per share view $0.07, revenue view $2.90 billion -- Thomson Reuters I/B/E/S Source text for Eikon: Further company coverage:

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