Occidental Petroleum Posts Higher Quarterly Profit, Resumes Buybacks

Reuters2022-08-03

Occidental Petroleum Corp posted a sequential rise in second-quarter profit, paid down debt and resumed a buyback program as the U.S. producer benefited from higher crude prices.

Occidental shares slipped 1% in after-hour trading.

The company's net earnings attributable to common stockholders were $3.6 billion, or $3.47 per share, in the second quarter, compared with $4.7 billion, or $4.65 per share, in the first quarter.

Occidental has recovered from loading up on debt to buy Anadarko Petroleum for $35.7 billion just before COVID-19 pandemic cratered oil demand.

During the quarter, the company achieved its goal of reducing debt by almost $5 billion to less than $20 billion, opening the door for the $3 billion share repurchase program to begin.

Occidental repurchased $1.1 billion through Aug. 1, it said.

The company's share price has more than doubled this year to $65.06 on Tuesday, with the company benefiting from rising oil prices following Russia's invasion of Ukraine.

The rally made some investment firms, including Goldman Sachs, in the past weeks downgrade the company recommendation, saying its potential for cash generation is already reflected in the price.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Tanyl
2022-08-07
Tanyl
OXY will rise very soon
Tanyl
2022-08-06
Tanyl
Can invest OXY in buy call
eo1668
2022-08-04
eo1668
ok
LWKJKK
2022-08-03
LWKJKK
$Camber Energy(CEI)$too?
kerukel88
2022-08-03
kerukel88
Ok
Charging
2022-08-03
Charging
[smile]

Leave a comment

296

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class=\"title\">\nOccidental Petroleum Posts Higher Quarterly Profit, Resumes Buybacks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-08-03 07:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Occidental Petroleum Corp posted a sequential rise in second-quarter profit, paid down debt and resumed a buyback program as the U.S. producer benefited from higher crude prices.</p><p>Occidental shares slipped 1% in after-hour trading.<img src=\"https://static.tigerbbs.com/0c570fab24a1547ab725acba28e3fc62\" tg-width=\"828\" tg-height=\"818\" referrerpolicy=\"no-referrer\"/></p><p>The company&#39;s net earnings attributable to common stockholders were $3.6 billion, or 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price.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OXY":"西方石油"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2256883604","content_text":"Occidental Petroleum Corp posted a sequential rise in second-quarter profit, paid down debt and resumed a buyback program as the U.S. producer benefited from higher crude prices.Occidental shares slipped 1% in after-hour trading.The company's net earnings attributable to common stockholders were $3.6 billion, or $3.47 per share, in the second quarter, compared with $4.7 billion, or $4.65 per share, in the first quarter.Occidental has recovered from loading up on debt to buy Anadarko Petroleum for $35.7 billion just before COVID-19 pandemic cratered oil demand.During the quarter, the company achieved its goal of reducing debt by almost $5 billion to less than $20 billion, opening the door for the $3 billion share 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in buy call","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9905965442","repostId":2256883604,"repostType":2,"repost":{"id":"2256883604","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1659482715,"share":"https://ttm.financial/m/news/2256883604?lang=&edition=fundamental","pubTime":"2022-08-03 07:25","market":"us","language":"en","title":"Occidental Petroleum Posts Higher Quarterly Profit, Resumes Buybacks","url":"https://stock-news.laohu8.com/highlight/detail?id=2256883604","media":"Reuters","summary":"Occidental Petroleum Corp posted a sequential rise in second-quarter profit, paid down debt and resu","content":"<html><head></head><body><p>Occidental Petroleum Corp posted a sequential rise in second-quarter profit, paid down debt and resumed a buyback program as the U.S. producer benefited from higher crude prices.</p><p>Occidental shares slipped 1% in after-hour trading.<img src=\"https://static.tigerbbs.com/0c570fab24a1547ab725acba28e3fc62\" tg-width=\"828\" tg-height=\"818\" referrerpolicy=\"no-referrer\"/></p><p>The company&#39;s net earnings attributable to common stockholders were $3.6 billion, or $3.47 per share, in the second quarter, compared with $4.7 billion, or $4.65 per share, in the first quarter.</p><p>Occidental has recovered from loading up on debt to buy Anadarko Petroleum for $35.7 billion just before COVID-19 pandemic cratered oil demand.</p><p>During the quarter, the company achieved its goal of reducing debt by almost $5 billion to less than $20 billion, opening the door for the $3 billion share repurchase program to begin.</p><p>Occidental repurchased 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOccidental Petroleum Posts Higher Quarterly Profit, Resumes Buybacks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-08-03 07:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Occidental Petroleum Corp posted a sequential rise in second-quarter profit, paid down debt and resumed a buyback program as the U.S. producer benefited from higher crude prices.</p><p>Occidental shares slipped 1% in after-hour trading.<img src=\"https://static.tigerbbs.com/0c570fab24a1547ab725acba28e3fc62\" tg-width=\"828\" tg-height=\"818\" referrerpolicy=\"no-referrer\"/></p><p>The company&#39;s net earnings attributable to common stockholders were $3.6 billion, or $3.47 per share, in the second quarter, compared with $4.7 billion, or $4.65 per share, in the first quarter.</p><p>Occidental has recovered from loading up on debt to buy Anadarko Petroleum for $35.7 billion just before COVID-19 pandemic cratered oil demand.</p><p>During the quarter, the company achieved its goal of reducing debt by almost $5 billion to less than $20 billion, opening the door for the $3 billion share repurchase program to begin.</p><p>Occidental repurchased $1.1 billion through Aug. 1, it said.</p><p>The company&#39;s share price has more than doubled this year to $65.06 on Tuesday, with the company benefiting from rising oil prices following Russia&#39;s invasion of Ukraine.</p><p>The rally made some investment firms, including Goldman Sachs, in the past weeks downgrade the company recommendation, saying its potential for cash generation is already reflected in the price.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OXY":"西方石油"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2256883604","content_text":"Occidental Petroleum Corp posted a sequential rise in second-quarter profit, paid down debt and resumed a buyback program as the U.S. producer benefited from higher crude prices.Occidental shares slipped 1% in after-hour trading.The company's net earnings attributable to common stockholders were $3.6 billion, or $3.47 per share, in the second quarter, compared with $4.7 billion, or $4.65 per share, in the first quarter.Occidental has recovered from loading up on debt to buy Anadarko Petroleum for $35.7 billion just before COVID-19 pandemic cratered oil demand.During the quarter, the company achieved its goal of reducing debt by almost $5 billion to less than $20 billion, opening the door for the $3 billion share repurchase program to begin.Occidental repurchased $1.1 billion through Aug. 1, it said.The company's share price has more than doubled this year to $65.06 on Tuesday, with the company benefiting from rising oil prices following Russia's invasion of Ukraine.The rally made some investment firms, including Goldman Sachs, in the past weeks downgrade the company recommendation, saying its potential for cash generation is already reflected in the price.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9906784009,"gmtCreate":1659592247003,"gmtModify":1705981999854,"author":{"id":"3560376076037644","authorId":"3560376076037644","name":"eo1668","avatar":"https://static.tigerbbs.com/039a625a00fac8daa05bb87ff64ecd3c","vip":1,"crmLevel":6,"crmLevelSwitch":1,"idStr":"3560376076037644","authorIdStr":"3560376076037644"},"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9906784009","repostId":2256883604,"repostType":2,"repost":{"id":"2256883604","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and 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referrerpolicy=\"no-referrer\"/></p><p>The company&#39;s net earnings attributable to common stockholders were $3.6 billion, or $3.47 per share, in the second quarter, compared with $4.7 billion, or $4.65 per share, in the first quarter.</p><p>Occidental has recovered from loading up on debt to buy Anadarko Petroleum for $35.7 billion just before COVID-19 pandemic cratered oil demand.</p><p>During the quarter, the company achieved its goal of reducing debt by almost $5 billion to less than $20 billion, opening the door for the $3 billion share repurchase program to begin.</p><p>Occidental repurchased $1.1 billion through Aug. 1, it said.</p><p>The company&#39;s share price has more than doubled this year to $65.06 on Tuesday, with the company benefiting from rising oil prices following Russia&#39;s invasion of Ukraine.</p><p>The rally made some investment firms, including Goldman Sachs, in the past weeks downgrade the company recommendation, saying its potential for cash generation is already reflected in the price.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Occidental Petroleum Posts Higher Quarterly Profit, Resumes Buybacks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ 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#494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOccidental Petroleum Posts Higher Quarterly Profit, Resumes Buybacks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-08-03 07:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Occidental Petroleum Corp posted a sequential rise in second-quarter profit, paid down debt and resumed a buyback program as the U.S. producer benefited from higher crude prices.</p><p>Occidental shares slipped 1% in after-hour trading.<img src=\"https://static.tigerbbs.com/0c570fab24a1547ab725acba28e3fc62\" tg-width=\"828\" tg-height=\"818\" referrerpolicy=\"no-referrer\"/></p><p>The company&#39;s net earnings attributable to common stockholders were $3.6 billion, or $3.47 per share, in the second quarter, compared with $4.7 billion, or $4.65 per share, in the first quarter.</p><p>Occidental has recovered from loading up on debt to buy Anadarko Petroleum for $35.7 billion just before COVID-19 pandemic cratered oil demand.</p><p>During the quarter, the company achieved its goal of reducing debt by almost $5 billion to less than $20 billion, opening the door for the $3 billion share repurchase program to begin.</p><p>Occidental repurchased $1.1 billion through Aug. 1, it said.</p><p>The company&#39;s share price has more than doubled this year to $65.06 on Tuesday, with the company benefiting from rising oil prices following Russia&#39;s invasion of Ukraine.</p><p>The rally made some investment firms, including Goldman Sachs, in the past weeks downgrade the company recommendation, saying its potential for cash generation is already reflected in the price.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OXY":"西方石油"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2256883604","content_text":"Occidental Petroleum Corp posted a sequential rise in second-quarter profit, paid down debt and resumed a buyback program as the U.S. producer benefited from higher crude prices.Occidental shares slipped 1% in after-hour trading.The company's net earnings attributable to common stockholders were $3.6 billion, or $3.47 per share, in the second quarter, compared with $4.7 billion, or $4.65 per share, in the first quarter.Occidental has recovered from loading up on debt to buy Anadarko Petroleum for $35.7 billion just before COVID-19 pandemic cratered oil demand.During the quarter, the company achieved its goal of reducing debt by almost $5 billion to less than $20 billion, opening the door for the $3 billion share repurchase program to begin.Occidental repurchased $1.1 billion through Aug. 1, it said.The company's share price has more than doubled this year to $65.06 on Tuesday, with the company benefiting from rising oil prices following Russia's invasion of Ukraine.The rally made some investment firms, including Goldman Sachs, in the past weeks downgrade the company recommendation, saying its potential for cash generation is already reflected in the price.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9906883880,"gmtCreate":1659515059841,"gmtModify":1705981173951,"author":{"id":"4096337009824130","authorId":"4096337009824130","name":"LWKJKK","avatar":"https://static.tigerbbs.com/c8865fe58cb1e2421bb5f60a39a8af3e","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4096337009824130","authorIdStr":"4096337009824130"},"htmlText":"<a href=\"https://ttm.financial/S/CEI\">$Camber Energy(CEI)$</a>too?","listText":"<a href=\"https://ttm.financial/S/CEI\">$Camber Energy(CEI)$</a>too?","text":"$Camber Energy(CEI)$too?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9906883880","repostId":2256883604,"repostType":4,"repost":{"id":"2256883604","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1659482715,"share":"https://ttm.financial/m/news/2256883604?lang=&edition=fundamental","pubTime":"2022-08-03 07:25","market":"us","language":"en","title":"Occidental Petroleum Posts Higher Quarterly Profit, Resumes Buybacks","url":"https://stock-news.laohu8.com/highlight/detail?id=2256883604","media":"Reuters","summary":"Occidental Petroleum Corp posted a sequential rise in second-quarter profit, paid down debt and resu","content":"<html><head></head><body><p>Occidental Petroleum Corp posted a sequential rise in second-quarter profit, paid down debt and resumed a buyback program as the U.S. producer benefited from higher crude prices.</p><p>Occidental shares slipped 1% in after-hour trading.<img src=\"https://static.tigerbbs.com/0c570fab24a1547ab725acba28e3fc62\" tg-width=\"828\" tg-height=\"818\" referrerpolicy=\"no-referrer\"/></p><p>The company&#39;s net earnings attributable to common stockholders were $3.6 billion, or $3.47 per share, in the second quarter, compared with $4.7 billion, or $4.65 per share, in the first quarter.</p><p>Occidental has recovered from loading up on debt to buy Anadarko Petroleum for $35.7 billion just before COVID-19 pandemic cratered oil demand.</p><p>During the quarter, the company achieved its goal of reducing debt by almost $5 billion to less than $20 billion, opening the door for the $3 billion share repurchase program to begin.</p><p>Occidental repurchased $1.1 billion through Aug. 1, it said.</p><p>The company&#39;s share price has more than doubled this year to $65.06 on Tuesday, with the company benefiting from rising oil prices following Russia&#39;s invasion of Ukraine.</p><p>The rally made some investment firms, including Goldman Sachs, in the past weeks downgrade the company recommendation, saying its potential for cash generation is already reflected in the price.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Occidental Petroleum Posts Higher Quarterly Profit, Resumes Buybacks</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOccidental Petroleum Posts Higher Quarterly Profit, Resumes Buybacks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-08-03 07:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Occidental Petroleum Corp posted a sequential rise in second-quarter profit, paid down debt and resumed a buyback program as the U.S. producer benefited from higher crude prices.</p><p>Occidental shares slipped 1% in after-hour trading.<img src=\"https://static.tigerbbs.com/0c570fab24a1547ab725acba28e3fc62\" tg-width=\"828\" tg-height=\"818\" referrerpolicy=\"no-referrer\"/></p><p>The company&#39;s net earnings attributable to common stockholders were $3.6 billion, or $3.47 per share, in the second quarter, compared with $4.7 billion, or $4.65 per share, in the first quarter.</p><p>Occidental has recovered from loading up on debt to buy Anadarko Petroleum for $35.7 billion just before COVID-19 pandemic cratered oil demand.</p><p>During the quarter, the company achieved its goal of reducing debt by almost $5 billion to less than $20 billion, opening the door for the $3 billion share repurchase program to begin.</p><p>Occidental repurchased $1.1 billion through Aug. 1, it said.</p><p>The company&#39;s share price has more than doubled this year to $65.06 on Tuesday, with the company benefiting from rising oil prices following Russia&#39;s invasion of Ukraine.</p><p>The rally made some investment firms, including Goldman Sachs, in the past weeks downgrade the company recommendation, saying its potential for cash generation is already reflected in the price.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OXY":"西方石油"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2256883604","content_text":"Occidental Petroleum Corp posted a sequential rise in second-quarter profit, paid down debt and resumed a buyback program as the U.S. producer benefited from higher crude prices.Occidental shares slipped 1% in after-hour trading.The company's net earnings attributable to common stockholders were $3.6 billion, or $3.47 per share, in the second quarter, compared with $4.7 billion, or $4.65 per share, in the first quarter.Occidental has recovered from loading up on debt to buy Anadarko Petroleum for $35.7 billion just before COVID-19 pandemic cratered oil demand.During the quarter, the company achieved its goal of reducing debt by almost $5 billion to less than $20 billion, opening the door for the $3 billion share repurchase program to begin.Occidental repurchased $1.1 billion through Aug. 1, it said.The company's share price has more than doubled this year to $65.06 on Tuesday, with the company benefiting from rising oil prices following Russia's invasion of Ukraine.The rally made some investment firms, including Goldman Sachs, in the past weeks downgrade the company recommendation, saying its potential for cash generation is already reflected in the 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referrerpolicy=\"no-referrer\"/></p><p>The company&#39;s net earnings attributable to common stockholders were $3.6 billion, or $3.47 per share, in the second quarter, compared with $4.7 billion, or $4.65 per share, in the first quarter.</p><p>Occidental has recovered from loading up on debt to buy Anadarko Petroleum for $35.7 billion just before COVID-19 pandemic cratered oil demand.</p><p>During the quarter, the company achieved its goal of reducing debt by almost $5 billion to less than $20 billion, opening the door for the $3 billion share repurchase program to begin.</p><p>Occidental repurchased $1.1 billion through Aug. 1, it said.</p><p>The company&#39;s share price has more than doubled this year to $65.06 on Tuesday, with the company benefiting from rising oil prices following Russia&#39;s invasion of Ukraine.</p><p>The rally made some investment firms, including Goldman Sachs, in the past weeks downgrade the company recommendation, saying its potential for cash generation is already reflected in the price.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Occidental Petroleum Posts Higher Quarterly Profit, Resumes Buybacks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ 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class=\"title\">\nOccidental Petroleum Posts Higher Quarterly Profit, Resumes Buybacks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-08-03 07:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Occidental Petroleum Corp posted a sequential rise in second-quarter profit, paid down debt and resumed a buyback program as the U.S. producer benefited from higher crude prices.</p><p>Occidental shares slipped 1% in after-hour trading.<img src=\"https://static.tigerbbs.com/0c570fab24a1547ab725acba28e3fc62\" tg-width=\"828\" tg-height=\"818\" referrerpolicy=\"no-referrer\"/></p><p>The company&#39;s net earnings attributable to common stockholders were $3.6 billion, or $3.47 per share, in the second quarter, compared with $4.7 billion, or $4.65 per share, in the first quarter.</p><p>Occidental has recovered from loading up on debt to buy Anadarko Petroleum for $35.7 billion just before COVID-19 pandemic cratered oil demand.</p><p>During the quarter, the company achieved its goal of reducing debt by almost $5 billion to less than $20 billion, opening the door for the $3 billion share repurchase program to begin.</p><p>Occidental repurchased $1.1 billion through Aug. 1, it said.</p><p>The company&#39;s share price has more than doubled this year to $65.06 on Tuesday, with the company benefiting from rising oil prices following Russia&#39;s invasion of Ukraine.</p><p>The rally made some investment firms, including Goldman Sachs, in the past weeks downgrade the company recommendation, saying its potential for cash generation is already reflected in the price.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OXY":"西方石油"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2256883604","content_text":"Occidental Petroleum Corp posted a sequential rise in second-quarter profit, paid down debt and resumed a buyback program as the U.S. producer benefited from higher crude prices.Occidental shares slipped 1% in after-hour trading.The company's net earnings attributable to common stockholders were $3.6 billion, or $3.47 per share, in the second quarter, compared with $4.7 billion, or $4.65 per share, in the first quarter.Occidental has recovered from loading up on debt to buy Anadarko Petroleum for $35.7 billion just before COVID-19 pandemic cratered oil demand.During the quarter, the company achieved its goal of reducing debt by almost $5 billion to less than $20 billion, opening the door for the $3 billion share repurchase program to begin.Occidental repurchased $1.1 billion through Aug. 1, it said.The company's share price has more than doubled this year to $65.06 on Tuesday, with the company benefiting from rising oil prices following Russia's invasion of Ukraine.The rally made some investment firms, including Goldman Sachs, in the past weeks downgrade the company recommendation, saying its potential for cash generation is already reflected in the 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referrerpolicy=\"no-referrer\"/></p><p>The company&#39;s net earnings attributable to common stockholders were $3.6 billion, or $3.47 per share, in the second quarter, compared with $4.7 billion, or $4.65 per share, in the first quarter.</p><p>Occidental has recovered from loading up on debt to buy Anadarko Petroleum for $35.7 billion just before COVID-19 pandemic cratered oil demand.</p><p>During the quarter, the company achieved its goal of reducing debt by almost $5 billion to less than $20 billion, opening the door for the $3 billion share repurchase program to begin.</p><p>Occidental repurchased $1.1 billion through Aug. 1, it said.</p><p>The company&#39;s share price has more than doubled this year to $65.06 on Tuesday, with the company benefiting from rising oil prices following Russia&#39;s invasion of Ukraine.</p><p>The rally made some investment firms, including Goldman Sachs, in the past weeks downgrade the company recommendation, saying its potential for cash generation is already reflected in the price.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Occidental Petroleum Posts Higher Quarterly Profit, Resumes Buybacks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ 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class=\"title\">\nOccidental Petroleum Posts Higher Quarterly Profit, Resumes Buybacks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-08-03 07:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Occidental Petroleum Corp posted a sequential rise in second-quarter profit, paid down debt and resumed a buyback program as the U.S. producer benefited from higher crude prices.</p><p>Occidental shares slipped 1% in after-hour trading.<img src=\"https://static.tigerbbs.com/0c570fab24a1547ab725acba28e3fc62\" tg-width=\"828\" tg-height=\"818\" referrerpolicy=\"no-referrer\"/></p><p>The company&#39;s net earnings attributable to common stockholders were $3.6 billion, or $3.47 per share, in the second quarter, compared with $4.7 billion, or $4.65 per share, in the first quarter.</p><p>Occidental has recovered from loading up on debt to buy Anadarko Petroleum for $35.7 billion just before COVID-19 pandemic cratered oil demand.</p><p>During the quarter, the company achieved its goal of reducing debt by almost $5 billion to less than $20 billion, opening the door for the $3 billion share repurchase program to begin.</p><p>Occidental repurchased $1.1 billion through Aug. 1, it said.</p><p>The company&#39;s share price has more than doubled this year to $65.06 on Tuesday, with the company benefiting from rising oil prices following Russia&#39;s invasion of Ukraine.</p><p>The rally made some investment firms, including Goldman Sachs, in the past weeks downgrade the company recommendation, saying its potential for cash generation is already reflected in the price.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OXY":"西方石油"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2256883604","content_text":"Occidental Petroleum Corp posted a sequential rise in second-quarter profit, paid down debt and resumed a buyback program as the U.S. producer benefited from higher crude prices.Occidental shares slipped 1% in after-hour trading.The company's net earnings attributable to common stockholders were $3.6 billion, or $3.47 per share, in the second quarter, compared with $4.7 billion, or $4.65 per share, in the first quarter.Occidental has recovered from loading up on debt to buy Anadarko Petroleum for $35.7 billion just before COVID-19 pandemic cratered oil demand.During the quarter, the company achieved its goal of reducing debt by almost $5 billion to less than $20 billion, opening the door for the $3 billion share 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