Occidental Petroleum Beats Second-Quarter Profit Estimates on Higher Production

1
Comment
Favorite

Occidental Petroleum Beats Second-Quarter Profit Estimates on Higher Production

Reuters08-08

(Reuters) - Occidental Petroleum beat Wall Street estimates for second-quarter profit on Wednesday, as the oil and gas firm benefited from higher oil production and a rise in crude prices.

The company said its worldwide realized crude oil prices stood at $79.89 per barrel, compared with $73.59 per barrel a year earlier.

Shares of the company were up 1.32% in trading after the bell.

Occidental's quarterly production stood at 1.26 million barrels of oil equivalent per day (boepd), higher than the 1.22 million boepd in the year-ago period and analysts' estimate of 1.24 million boepd.

The company posted adjusted profit of $1.03 per share for the quarter ended June 30, compared with analysts' average estimate of 77 cents per share, according to LSEG data.

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.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2457872542?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-08-08 07:40","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2457872542","market":"us","top_or_hot":-1,"title":"Occidental Petroleum Beats Second-Quarter Profit Estimates on Higher Production","media":"Reuters","content":"<html><head></head><body><p>(Reuters) - Occidental Petroleum beat Wall Street estimates for second-quarter profit on Wednesday, as the oil and gas firm benefited from higher oil production and a rise in crude prices.</p><p>The company said its worldwide realized crude oil prices stood at $79.89 per barrel, compared with $73.59 per barrel a year earlier.</p><p>Shares of the company were up 1.32% in trading after the bell.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/56a0f02bfd26b240de8294aaf67eccbb\" tg-width=\"849\" tg-height=\"625\"/></p><p>Occidental&#39;s quarterly production stood at 1.26 million barrels of oil equivalent per day (boepd), higher than the 1.22 million boepd in the year-ago period and analysts&#39; estimate of 1.24 million boepd.</p><p>The company posted adjusted profit of $1.03 per share for the quarter ended June 30, compared with analysts&#39; average estimate of 77 cents per share, according to LSEG data.</p></body></html>","source":null,"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 Beats Second-Quarter Profit Estimates on Higher Production</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\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 Petroleum Beats Second-Quarter Profit Estimates on Higher Production\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-08 07:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Occidental Petroleum beat Wall Street estimates for second-quarter profit on Wednesday, as the oil and gas firm benefited from higher oil production and a rise in crude prices.The company ...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OXY","symbol_name":"西方石油","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2457872542","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2457872542","pubTimestamp":1723074047,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","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,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":" - Occidental Petroleum beat Wall Street estimates for second-quarter profit on Wednesday, as the oil and gas firm benefited from higher oil production and a rise in crude prices.The company said its worldwide realized crude oil prices stood at $79.89 per barrel, compared with $73.59 per barrel a year earlier.Shares of the company were up 1.32% in trading after the bell.Occidental's quarterly production stood at 1.26 million barrels of oil equivalent per day , higher than the 1.22 million boepd ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"OXY":"西方石油","BK4201":"综合性石油与天然气企业","BK4588":"碎股","BK4585":"ETF&股票定投概念"},"translate_title":"西方石油公司第二季度利润因产量增加而超出预期","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OXY":1.1},"content_text":"(Reuters) - Occidental Petroleum beat Wall Street estimates for second-quarter profit on Wednesday, as the oil and gas firm benefited from higher oil production and a rise in crude prices.The company said its worldwide realized crude oil prices stood at $79.89 per barrel, compared with $73.59 per barrel a year earlier.Shares of the company were up 1.32% in trading after the bell.Occidental's quarterly production stood at 1.26 million barrels of oil equivalent per day (boepd), higher than the 1.22 million boepd in the year-ago period and analysts' estimate of 1.24 million boepd.The company posted adjusted profit of $1.03 per share for the quarter ended June 30, compared with analysts' average estimate of 77 cents per share, according to LSEG data.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}