Occidental Petroleum Bucks Oil Profit Trend With Lower Q2 Profit ...Middle East

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Occidental Petroleum Bucks Oil Profit Trend With Lower Q2 Profit
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Occidental Petroleum reported a net profit of $3.6 billion for the second quarter of the year, down from $4.7 billion for the first quarter, boasting the highest quarterly free cash flow. The adjusted income attributable to shareholders, however, was higher in the second quarter than the first, at $3.2 billion versus $2.1 billion for the first quarter. "Oxy completed another quarter with strong operational and financial performance across all of our businesses. We generated $4.2 billion of free cash flow before working capital in the second quarter,…

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