Occidental Misses Fourth-Quarter Profit Estimates on Lower Crude Prices

Reuters2023-02-28

Feb 27 (Reuters) - Occidental Petroleum Corp on Monday reported fourth-quarter profit below Wall Street estimates, as demand for crude and prices came under pressure from concerns over a global economic slowdown.

Prices of global benchmark Brent crude averaged at about $88.63 per barrel in the October-December quarter, about 11% higher compared with the same period a year earlier but 12% lower sequentially.

The company said in a filing it expects its average Permian and Rockies production in the fourth quarter to be impacted by a combined 10,000 barrels of oil equivalent per day (boepd) due to a hit from winter storm Elliott.

Occidental's total average global production was 1.3 million barrels of oil equivalent per day (boed) in the reported quarter, within the midpoint of its guidance and 9% higher than last year.

The company sold its oil for an average of $83.64 per barrel in the fourth quarter, up about 11% from a year earlier.

The Houston, Texas-based shale producer's adjusted earnings of $1.61 per share missed analysts' consensus forecast of $1.80 per share, according to Refinitiv IBES.

Occidental's shares slipped 1% in after-hours trading.

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Comments

TaiWoeiHaur
2023-02-28
TaiWoeiHaur
Good morning
tungleh
2023-02-28
tungleh
Gambateh!
AlanChong
2023-02-28
AlanChong
Ok
Bentofighter
2023-02-28
Bentofighter
Ok

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07:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Feb 27 (Reuters) - Occidental Petroleum Corp on Monday reported fourth-quarter profit below Wall Street estimates, as demand for crude and prices came under pressure from concerns over a global economic slowdown.</p><p>Prices of global benchmark Brent crude averaged at about $88.63 per barrel in the October-December quarter, about 11% higher compared with the same period a year earlier but 12% lower sequentially.</p><p>The company said in a filing it expects its average Permian and Rockies production in the fourth quarter to be impacted by a combined 10,000 barrels of oil equivalent per day (boepd) due to a hit from winter storm Elliott.</p><p>Occidental&#39;s total average global production was 1.3 million barrels of oil equivalent per day (boed) in the reported quarter, within the midpoint of its guidance and 9% higher than last year.</p><p>The company sold its oil for an average of $83.64 per barrel in the fourth quarter, up about 11% from a year earlier.</p><p>The Houston, Texas-based shale producer&#39;s adjusted earnings of $1.61 per share missed analysts&#39; consensus forecast of $1.80 per share, according to Refinitiv IBES.</p><p>Occidental&#39;s shares slipped 1% in after-hours trading.</p><p><img src=\"https://static.tigerbbs.com/b9d2d758f8bda965faa47e486fe5eca0\" tg-width=\"848\" tg-height=\"853\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4201":"综合性石油与天然气企业","BK4588":"碎股","BK4585":"ETF&股票定投概念"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2314594538","content_text":"Feb 27 (Reuters) - Occidental Petroleum Corp on Monday reported fourth-quarter profit below Wall Street estimates, as demand for crude and prices came under pressure from concerns over a global economic slowdown.Prices of global 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tg-height=\"853\" width=\"100%\" height=\"auto\"/></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 Misses Fourth-Quarter Profit Estimates on Lower Crude Prices</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{ 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}\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #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 Misses Fourth-Quarter Profit Estimates on Lower Crude Prices\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\">2023-02-28 07:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Feb 27 (Reuters) - Occidental Petroleum Corp on Monday reported fourth-quarter profit below Wall Street estimates, as demand for crude and prices came under pressure from concerns over a global economic slowdown.</p><p>Prices of global benchmark Brent crude averaged at about $88.63 per barrel in the October-December quarter, about 11% higher compared with the same period a year earlier but 12% lower sequentially.</p><p>The company said in a filing it expects its average Permian and Rockies production in the fourth quarter to be impacted by a combined 10,000 barrels of oil equivalent per day (boepd) due to a hit from winter storm Elliott.</p><p>Occidental&#39;s total average global production was 1.3 million barrels of oil equivalent per day (boed) in the reported quarter, within the midpoint of its guidance and 9% higher than last year.</p><p>The company sold its oil for an average of $83.64 per barrel in the fourth quarter, up about 11% from a year earlier.</p><p>The Houston, Texas-based shale producer&#39;s adjusted earnings of $1.61 per share missed analysts&#39; consensus forecast of $1.80 per share, according to Refinitiv IBES.</p><p>Occidental&#39;s shares slipped 1% in after-hours trading.</p><p><img src=\"https://static.tigerbbs.com/b9d2d758f8bda965faa47e486fe5eca0\" tg-width=\"848\" tg-height=\"853\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4201":"综合性石油与天然气企业","BK4588":"碎股","BK4585":"ETF&股票定投概念"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2314594538","content_text":"Feb 27 (Reuters) - Occidental Petroleum Corp on Monday reported fourth-quarter profit below Wall Street estimates, as demand for crude and prices came under pressure from concerns over a global economic slowdown.Prices of global benchmark Brent crude averaged at about $88.63 per barrel in the October-December quarter, about 11% higher compared with the same period a year earlier but 12% lower sequentially.The company said in a filing it expects its average Permian and Rockies production in the fourth quarter to be impacted by a combined 10,000 barrels of oil equivalent per day (boepd) due to a hit from winter storm Elliott.Occidental's total average global production was 1.3 million barrels of oil equivalent per day (boed) in the reported quarter, within the midpoint of its guidance and 9% higher than last year.The company sold its oil for an average of $83.64 per barrel in the fourth quarter, up about 11% from a year earlier.The Houston, Texas-based shale producer's adjusted earnings of $1.61 per share missed analysts' consensus forecast of $1.80 per share, according to Refinitiv IBES.Occidental's shares slipped 1% in after-hours trading.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9957790279,"gmtCreate":1677540969992,"gmtModify":1677540973390,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":4,"crmLevelSwitch":0,"idStr":"4125148185432112","authorIdStr":"4125148185432112"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957790279","repostId":2314594538,"repostType":4,"repost":{"id":"2314594538","kind":"highlight","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":1677538921,"share":"https://ttm.financial/m/news/2314594538?lang=&edition=fundamental","pubTime":"2023-02-28 07:02","market":"us","language":"en","title":"Occidental Misses Fourth-Quarter Profit Estimates on Lower Crude Prices","url":"https://stock-news.laohu8.com/highlight/detail?id=2314594538","media":"Reuters","summary":"Feb 27 (Reuters) - Occidental Petroleum Corp on Monday reported fourth-quarter profit below Wall Str","content":"<html><head></head><body><p>Feb 27 (Reuters) - Occidental Petroleum Corp on Monday reported fourth-quarter profit below Wall Street estimates, as demand for crude and prices came under pressure from concerns over a global economic slowdown.</p><p>Prices of global benchmark Brent crude averaged at about $88.63 per barrel in the October-December quarter, about 11% higher compared with the same period a year earlier but 12% lower sequentially.</p><p>The company said in a filing it expects its average Permian and Rockies production in the fourth quarter to be impacted by a combined 10,000 barrels of oil equivalent per day (boepd) due to a hit from winter storm Elliott.</p><p>Occidental&#39;s total average global production was 1.3 million barrels of oil equivalent per day (boed) in the reported quarter, within the midpoint of its guidance and 9% higher than last year.</p><p>The company sold its oil for an average of $83.64 per barrel in the fourth quarter, up about 11% from a year earlier.</p><p>The Houston, Texas-based shale producer&#39;s adjusted earnings of $1.61 per share missed analysts&#39; consensus forecast of $1.80 per share, according to Refinitiv IBES.</p><p>Occidental&#39;s shares slipped 1% in after-hours trading.</p><p><img src=\"https://static.tigerbbs.com/b9d2d758f8bda965faa47e486fe5eca0\" tg-width=\"848\" tg-height=\"853\" width=\"100%\" height=\"auto\"/></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 Misses Fourth-Quarter Profit Estimates on Lower Crude Prices</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{ font-size:16px; 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*/\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 Misses Fourth-Quarter Profit Estimates on Lower Crude Prices\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\">2023-02-28 07:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Feb 27 (Reuters) - Occidental Petroleum Corp on Monday reported fourth-quarter profit below Wall Street estimates, as demand for crude and prices came under pressure from concerns over a global economic slowdown.</p><p>Prices of global benchmark Brent crude averaged at about $88.63 per barrel in the October-December quarter, about 11% higher compared with the same period a year earlier but 12% lower sequentially.</p><p>The company said in a filing it expects its average Permian and Rockies production in the fourth quarter to be impacted by a combined 10,000 barrels of oil equivalent per day (boepd) due to a hit from winter storm Elliott.</p><p>Occidental&#39;s total average global production was 1.3 million barrels of oil equivalent per day (boed) in the reported quarter, within the midpoint of its guidance and 9% higher than last year.</p><p>The company sold its oil for an average of $83.64 per barrel in the fourth quarter, up about 11% from a year earlier.</p><p>The Houston, Texas-based shale producer&#39;s adjusted earnings of $1.61 per share missed analysts&#39; consensus forecast of $1.80 per share, according to Refinitiv IBES.</p><p>Occidental&#39;s shares slipped 1% in after-hours trading.</p><p><img src=\"https://static.tigerbbs.com/b9d2d758f8bda965faa47e486fe5eca0\" tg-width=\"848\" tg-height=\"853\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4201":"综合性石油与天然气企业","BK4588":"碎股","BK4585":"ETF&股票定投概念"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2314594538","content_text":"Feb 27 (Reuters) - Occidental Petroleum Corp on Monday reported fourth-quarter profit below Wall Street estimates, as demand for crude and prices came under pressure from concerns over a global economic slowdown.Prices of global benchmark Brent crude averaged at about $88.63 per barrel in the October-December quarter, about 11% higher compared with the same period a year earlier but 12% lower sequentially.The company said in a filing it expects its average Permian and Rockies production in the fourth quarter to be impacted by a combined 10,000 barrels of oil equivalent per day (boepd) due to a hit from winter storm Elliott.Occidental's total average global production was 1.3 million barrels of oil equivalent per day (boed) in the reported quarter, within the midpoint of its guidance and 9% higher than last year.The company sold its oil for an average of $83.64 per barrel in the fourth quarter, up about 11% from a year earlier.The Houston, Texas-based shale producer's adjusted earnings of $1.61 per share missed analysts' consensus forecast of $1.80 per share, according to Refinitiv IBES.Occidental's shares slipped 1% in after-hours trading.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9957704085,"gmtCreate":1677540329847,"gmtModify":1677540333994,"author":{"id":"3583478720415511","authorId":"3583478720415511","name":"Bentofighter","avatar":"https://static.tigerbbs.com/3d3b444e1397cd8d1ec1b18c5c8c5db5","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"3583478720415511","authorIdStr":"3583478720415511"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957704085","repostId":2314594538,"repostType":4,"repost":{"id":"2314594538","kind":"highlight","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":1677538921,"share":"https://ttm.financial/m/news/2314594538?lang=&edition=fundamental","pubTime":"2023-02-28 07:02","market":"us","language":"en","title":"Occidental Misses Fourth-Quarter Profit Estimates on Lower Crude Prices","url":"https://stock-news.laohu8.com/highlight/detail?id=2314594538","media":"Reuters","summary":"Feb 27 (Reuters) - Occidental Petroleum Corp on Monday reported fourth-quarter profit below Wall Str","content":"<html><head></head><body><p>Feb 27 (Reuters) - Occidental Petroleum Corp on Monday reported fourth-quarter profit below Wall Street estimates, as demand for crude and prices came under pressure from concerns over a global economic slowdown.</p><p>Prices of global benchmark Brent crude averaged at about $88.63 per barrel in the October-December quarter, about 11% higher compared with the same period a year earlier but 12% lower sequentially.</p><p>The company said in a filing it expects its average Permian and Rockies production in the fourth quarter to be impacted by a combined 10,000 barrels of oil equivalent per day (boepd) due to a hit from winter storm Elliott.</p><p>Occidental&#39;s total average global production was 1.3 million barrels of oil equivalent per day (boed) in the reported quarter, within the midpoint of its guidance and 9% higher than last year.</p><p>The company sold its oil for an average of $83.64 per barrel in the fourth quarter, up about 11% from a year earlier.</p><p>The Houston, Texas-based shale producer&#39;s adjusted earnings of $1.61 per share missed analysts&#39; consensus forecast of $1.80 per share, according to Refinitiv IBES.</p><p>Occidental&#39;s shares slipped 1% in after-hours trading.</p><p><img src=\"https://static.tigerbbs.com/b9d2d758f8bda965faa47e486fe5eca0\" tg-width=\"848\" tg-height=\"853\" width=\"100%\" height=\"auto\"/></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 Misses Fourth-Quarter Profit Estimates on Lower Crude Prices</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{ font-size:16px; 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*/\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 Misses Fourth-Quarter Profit Estimates on Lower Crude Prices\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\">2023-02-28 07:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Feb 27 (Reuters) - Occidental Petroleum Corp on Monday reported fourth-quarter profit below Wall Street estimates, as demand for crude and prices came under pressure from concerns over a global economic slowdown.</p><p>Prices of global benchmark Brent crude averaged at about $88.63 per barrel in the October-December quarter, about 11% higher compared with the same period a year earlier but 12% lower sequentially.</p><p>The company said in a filing it expects its average Permian and Rockies production in the fourth quarter to be impacted by a combined 10,000 barrels of oil equivalent per day (boepd) due to a hit from winter storm Elliott.</p><p>Occidental&#39;s total average global production was 1.3 million barrels of oil equivalent per day (boed) in the reported quarter, within the midpoint of its guidance and 9% higher than last year.</p><p>The company sold its oil for an average of $83.64 per barrel in the fourth quarter, up about 11% from a year earlier.</p><p>The Houston, Texas-based shale producer&#39;s adjusted earnings of $1.61 per share missed analysts&#39; consensus forecast of $1.80 per share, according to Refinitiv IBES.</p><p>Occidental&#39;s shares slipped 1% in after-hours trading.</p><p><img src=\"https://static.tigerbbs.com/b9d2d758f8bda965faa47e486fe5eca0\" tg-width=\"848\" tg-height=\"853\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4201":"综合性石油与天然气企业","BK4588":"碎股","BK4585":"ETF&股票定投概念"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2314594538","content_text":"Feb 27 (Reuters) - Occidental Petroleum Corp on Monday reported fourth-quarter profit below Wall Street estimates, as demand for crude and prices came under pressure from concerns over a global economic slowdown.Prices of global benchmark Brent crude averaged at about $88.63 per barrel in the October-December quarter, about 11% higher compared with the same period a year earlier but 12% lower sequentially.The company said in a filing it expects its average Permian and Rockies production in the fourth quarter to be impacted by a combined 10,000 barrels of oil equivalent per day (boepd) due to a hit from winter storm Elliott.Occidental's total average global production was 1.3 million barrels of oil equivalent per day (boed) in the reported quarter, within the midpoint of its guidance and 9% higher than last year.The company sold its oil for an average of $83.64 per barrel in the fourth quarter, up about 11% from a year earlier.The Houston, Texas-based shale producer's adjusted earnings of $1.61 per share missed analysts' consensus forecast of $1.80 per share, according to Refinitiv IBES.Occidental's shares slipped 1% in after-hours trading.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":105,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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