Higher Oil Output Pushes Occidental Petroleum Q3 Profits Up ...Middle East

OILPRICE - Economy
Higher Oil Output Pushes Occidental Petroleum Q3 Profits Up
source : OILPRICE ( Middle East ) () 58
Higher crude oil production helped Occidental Petroleum book a profit increase for the third quarter of the year, beating analyst expectations. The company reported adjusted net income attributable to shareholders of $1.1 billion, or $1.18 per share. Analysts had expected a figure below $1 per share. Pre-tax profits from oil and gas operations rose to $2 billion in the third quarter, from $1.1 billion in the second quarter, the company also said. "Our teams continued their outstanding performance across all three of our business segments resulting…

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