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Occidental Reports Higher Q1 Prices As Tariff Tensions Shake Oil Market - Occidental Petroleum (NYSE:OXY)

Summary by Benzinga
Occidental Petroleum (NYSE:OXY) announced on Wednesday that it realized higher oil and gas production prices in the first quarter of 2025 than in the previous quarter. The company reported that its worldwide average realized oil price rose to $71.07 per barrel, up from $69.73 in the final quarter of 2024. Natural gas prices also significantly increased, averaging $2.30 per thousand cubic feet, compared to $1.26 previously. The average realized p…

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Benzinga broke the news in New York, United States on Thursday, April 10, 2025.
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