Shale producer Occidental Petroleum beats quarterly profit estimates

Reuters

02/19

Shale producer <a href="https://laohu8.com/S/OXY.WS">Occidental Petroleum</a> beats quarterly profit estimates

Feb 18 (Reuters) - U.S. shale producer Occidental Petroleum OXY.N beat Wall Street expectations for fourth-quarter profit on Wednesday, as higher production helped offset weaker crude oil prices.

The Houston, Texas-based company posted an adjusted profit of 31 cents per share, for the three months ended December 31, compared with expectations of 18 cents, according to data compiled by LSEG.

(Reporting by Vallari Srivastava in Bengaluru; Editing by Sriraj Kalluvila)

((Srivastava.Vallari@thomsonreuters.com;))

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