Lates News

Occidental Petroleum announced first quarter revenue of $6.84 billion, exceeding market expectations of $6.71 billion; basic profit of $766 million, a year-on-year increase of 6.7%; adjusted earnings per share of $0.87, exceeding market expectations of $0.77. Occidental Petroleum stated that average daily oil and gas production in the last quarter was 1.39 million barrels of oil equivalent, a 19% increase year-on-year; average realized oil prices increased by 2%, average realized natural gas prices increased by 19%, and average realized natural gas prices increased by 92%.