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Occidental Petroleum says Gulf of Mexico output hit by curtailments in Q2
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Occidental Petroleum says Gulf of Mexico output hit by curtailments in Q2
Jul 14, 2025 5:06 AM

July 14 (Reuters) - U.S. shale producer Occidental

Petroleum ( OXY ) said on Monday its Gulf of Mexico production

in the second quarter was curtailed due to third-party

constraints, extended maintenance, and schedule-related delays.

The company said sales volumes from what it calls the "Gulf

of America" - referring to the Gulf of Mexico - are expected to

be about 125,000 barrels of oil equivalent per day (boepd).

President Donald Trump issued an executive order in

January 2025 calling on U.S. institutions to refer to the Gulf

of Mexico as the Gulf of America.

Previously, Occidental forecast its Gulf of Mexico

production to range between 126,000 and 134,000 boepd in the

second quarter.

The company continues to expect annual production within

its previously announced forecast of 1.38 million to 1.42

million boepd.

Occidental said its average realized price for total oil

output was $63.76 per barrel in the April-June quarter, down

from $71.07 per barrel in the preceding quarter.

(Reporting by Vallari Srivastava in Bengaluru; Editing by Anil

D'Silva and Tasim Zahid)

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