Occidental Flags Lower Production and Oil Price Hit to Q2 Earnings

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…

Occidental Petroleum Says Gulf of Mexico Output Hit by Curtailments in Q2 - Energy News, Top Headlines, Commentaries, Features & Events

July 14 (Reuters) – U.S. shale producer Occidental Petroleum (OXY.N) said on Monday its Gulf of Mexico production in the second quarter was curtailed due to third-party constraints, extended maintenance, and schedule-related delays. The company said sales volumes from what it calls the “Gulf of America” — referring to the Gulf of Mexico — are ...