Susquehanna lowered the firm’s price target on Occidental Petroleum (OXY) to $65 from $77 and keeps a Positive rating on the shares. The firm said they reported 3Q results, with a beat on both production and EPS. It is guiding to 1,450 Mboe/d of production at the midpoint in 4Q, led by strong Permian new well performance and a 9 Mboe/d increase in expectations for its newly acquired CrownRock assets.
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