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14.07.2025 17:30:00

Occidental Flags Lower Production and Oil Price Hit to Q2 Earnings

Occidental Petroleum Corporation expects its oil and gas production in the Gulf of Mexico for the second to have been lower than previously guided due to curtailments, while lower oil prices reduced realizations from sales. Ahead of the full Q2 earnings release on August 7, Oxy said in an SEC filing on Monday that its oil and gas output from the Gulf of Mexico – or as many oil firms are now calling it the Gulf of America – is estimated at around 125,000 barrels of oil equivalent per day (boepd). “Occidental’s Gulf of America…Weiter zum vollständigen Artikel bei OilPrice.com

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