US shale producer Occidental Petroleum surpassed Wall Street expectations for third-quarter profit on Monday, as higher | Hanami
US shale producer Occidental Petroleum surpassed Wall Street expectations for third-quarter profit on Monday, as higher oil prices helped offset a decline in production.
Occidental said it realized $85.91 for every barrel of oil produced in the three months ended September 30, compared to $64.78 a year earlier.
Average global production was 1.43 million barrels of oil equivalent per day (mmboepd) during the July-September quarter, compared with 1.46 mmboepd a year earlier.
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