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Stock impact report

Occidental Petroleum reports lower realised prices for oil and gas production in Q3 [Yahoo! Finance]

Occidental Petroleum Corporation (OXY) 
Last occidental petroleum corporation earnings: 2/27 04:13 pm Check Earnings Report
US:NYSE Investor Relations: oxy.com/investors/pages/default.aspx
Company Research Source: Yahoo! Finance
in the third quarter of 2024 (Q3 2024) compared with the previous period, reported Reuters The company, a significant player in the US oil sector, indicated that its total oil output prices were nearly 6% lower, while US natural gas output prices saw a substantial 26% decline. The company attributed the decrease in oil prices during the July–September quarter to concerns over global oil demand growth. Concurrently, US natural gas prices experienced a significant drop, reaching multi-year lows, with Waha hub prices turning negative an unprecedented number of times in 2024. The average realised oil prices for Occidental are expected to be around $75.33/bbl, with global natural gas liquids prices forecast to be $20.47/bbl. According to Reuters , the company expects the average prices for its US natural gas production to be around $0.40 per million cubic feet (mcf) for the quarter, down from $0.54/mcf in the previous quarter. Occidental is the second shale producer within a we Show less Read more
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