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Shale producer Occidental Petroleum beats quarterly profit estimates
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Shale producer Occidental Petroleum beats quarterly profit estimates
Aug 5, 2026 1:47 PM

Aug 5 (Reuters) - U.S. shale producer Occidental Petroleum ( OXY )

reported its highest quarterly profit since 2022,

surpassing Wall Street expectations on Wednesday, helped by

higher oil prices and production.

The Houston, Texas-based company posted an adjusted profit

of $2.40 per share for the three months ended June 30, compared

with expectations of $1.84 per share, according to data compiled

by LSEG.

(Reporting by Vallari Srivastava in Bengaluru; Editing by

Sriraj Kalluvila)

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