Occidental Petroleum’s adjusted net profit for the third quarter reaches $2 billion, exceeding expectations

Occidental Petroleum disclosed its third-quarter performance data, reporting a net sales of $6.57 billion for the period, falling short of the market expectation of $6.79 billion. The company's earnings per share for the period were $1.61, with adjusted net profit reaching $2 billion, surpassing the market expectation of $1.45 billion; oil and gas business pre-tax income was $2.6 billion, and the global average daily total production reached 1.427 million barrels of oil equivalent. In terms of segmented product pricing, the realized price for natural gas liquids was $24.63 per barrel, and the realized oil price was $85.91 per barrel; the realized price for U.S. natural gas was $1.61 per thousand cubic feet, while the overall realized price for natural gas in the third quarter was $1.69 per thousand cubic feet.