Aug 7 (Reuters) - Occidental Petroleum ( OXY ) beat Wall

Street estimates for second-quarter profit on Wednesday, as the

oil and gas firm benefited from higher oil production and a rise

in crude prices.

The company said its worldwide realized crude oil prices

stood at $79.89 per barrel, compared with $73.59 per barrel a

year earlier.

Shares of the company were up 1.1% in trading after the

bell.

Occidental's quarterly production stood at 1.26 million

barrels of oil equivalent per day (boepd), higher than the 1.22

million boepd in the year-ago period and analysts' estimate of

1.24 million boepd.

The company posted adjusted profit of $1.03 per share for

the quarter ended June 30, compared with analysts' average

estimate of 77 cents per share, according to LSEG data.