Occidental Petroleum Corp (OXY.N)
Aug 9 Occidental Petroleum Corp, the largest oil and gas producer in the Permian basin, on Thursday said it was raising its capital spending sharply but it maintained a tepid production forecast for the year, causing investors to send its shares down as much 6.3 percent.
Shares of Occidental Petroleum Corp, the largest oil and gas producer in the Permian basin, fell as much as 6 percent on Thursday after the company raised its capital expenditure budget for the year by $1.1 billion.
Aug 9 Shares of Occidental Petroleum Corp , the largest oil and gas producer in the Permian basin, fell as much as 6 percent on Thursday after the company raised its capital expenditure budget for the year by $1.1 billion.
(In this Aug 8 story clarifies that production rose in paragraph one. In paragraph four, corrects to production rose, not fell, and that output increased in Oman, not decreased.)
HOUSTON, Aug 8 U.S. oil producer Occidental Petroleum Corp posted a better-than-expected quarterly profit on Wednesday on rising crude prices and production.
HOUSTON, Aug 8 U.S. oil producer Occidental Petroleum Corp said on Wednesday its quarterly profit jumped 67 percent largely due to rising crude prices.
Occidental Petroleum Corp is exploring a sale of its pipeline assets, hoping to fetch more than $5 billion and free up capital to invest in exploration and production as oil prices rebound, people familiar with the matter said on Tuesday.
* SAYS PRODUCTION FORECAST ASSUMES $63/BARREL WTI OIL PRICE AND $67 BRENT PRICE FOR REST OF YEAR
* OCCIDENTAL PETROLEUM SEES Q2 OIL & GAS SEGMENT TOTAL PRODUCTION OF 628 MBOED – 648 MBOED
* REPORTED AND CORE INCOME FOR THE FIRST QUARTER OF 2018 OF $708 MILLION, OR $0.92 PER DILUTED SHARE
|Exxon Mobil Corporation (XOM.N)||$84.63||+1.00|
|Chevron Corporation (CVX.N)||$119.51||+1.38|
|Total SA (TOTF.PA)||€54.05||+0.07|
|Hess Corp. (HES.N)||$69.42||+0.90|
|Hess Corp. (HES_p.N)||--||--|
|Hess Corp. (HES_pa.N)||$77.24||+1.16|
|Canadian Natural Resources Limited (CNQ.TO)||$42.47||-0.03|
|Apache Corporation (APA.N)||$46.80||+0.54|
|Anadarko Petroleum Corporation (APC.N)||$64.76||+0.01|