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Occidental Petroleum Q3 Earnings Tops On Improved production, Says BlackRock Will Invest $550M For Texas Project

Occidental Petroleum Corp (NYSE: OXY) reported Q3 FY23 revenue of $7.40 billion, beating the consensus of $7.01 billion.

Production came in at 1,220 Mboed, exceeding the mid-point of guidance by 34 Mboed. 

Rockies & Other Domestic and Gulf of Mexico daily production volumes exceeded guidance at 263 Mboed and 146 Mboed, respectively.

Permian volumes stood at the high end of guidance at 588 Mboed, and International volumes came in just below guidance at 223 Mboed in the quarter.

Oil and gas pre-tax income came in at $2.0 billion, vs. $3.3 billion a year ago, with average worldwide realized ...

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