Reports Q2 revenue $6.73B, consensus $6.8B. Production of 1,218 Mboed exceeded the mid-point of guidance by 42 Mboed. “Strong operational performance across our businesses in the second quarter drove continued financial success and enabled us to deliver additional substantive progress on our shareholder return framework,” said President and Chief Executive Officer Vicki Hollub. “Our team’s technical achievements have positioned us for a strong second half of 2023, giving us confidence to raise full- year oil and gas production guidance.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on OXY:
- Occidental Stock (NYSE:OXY): Buffett’s Energy Pick Falls on Dismal Q2 Earnings
- Occidental Announces Second Quarter 2023 Results
- Oil Trading Weekly: Oil Tanks as Markets Digest U.S. Debt Downgrade
- ANA announces carbon dioxide removal purchase from 1PointFive
- ANA Announces Carbon Dioxide Removal Purchase from 1PointFive