--- title: "Occidental Petroleum's Q3 profit exceeded expectations, with production growth offsetting the impact of falling oil prices" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/265229206.md" description: "Occidental Petroleum's third-quarter profits exceeded expectations, with adjusted earnings per share of $0.64 and revenue down 6% year-on-year to $6.72 billion. Production growth offset the impact of falling oil prices, with a global average daily production of 1.46 million barrels of oil equivalent. Production is expected to be between 1.44 million and 1.48 million barrels of oil equivalent in the fourth quarter. The company recently sold OxyChem to Berkshire Hathaway for $9.7 billion, marking the beginning of a new chapter" datetime: "2025-11-10T23:40:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/265229206.md) - [en](https://longbridge.com/en/news/265229206.md) - [zh-HK](https://longbridge.com/zh-HK/news/265229206.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/265229206.md) | [English](https://longbridge.com/en/news/265229206.md) # Occidental Petroleum's Q3 profit exceeded expectations, with production growth offsetting the impact of falling oil prices According to Zhitong Finance APP, Occidental Petroleum (OXY.US) reported third-quarter profits that exceeded Wall Street expectations, as the increase in production from this American shale oil producer offset the impact of falling oil prices. According to data compiled by LSEG, the Houston, Texas-based company had an adjusted earnings per share of $0.64 for the three months ended September 30, compared to an expected $0.52 per share. Revenue fell 6% year-on-year to $6.72 billion, slightly below expectations. In August, U.S. oil and gas production reached an all-time high, despite Brent crude prices dropping more than 13% during this period due to OPEC+ increasing supply and a slowdown in global demand. Occidental Petroleum stated that it greatly benefited from the acquisition of CrownRock for $12 billion last August. The company reported a global average daily production of 1.46 million barrels of oil equivalent (MMboepd) in the third quarter, up from 1.41 million barrels a year earlier. From July to September, actual oil prices fell from $75.33 per barrel a year ago to $64.78. ![678d73dc3b31201aae56282cbda3bca.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20251111/1762816960807131.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) Larger competitors ExxonMobil (XOM.US) and Chevron (CVX.US) also reported third-quarter profits that exceeded analysts' expectations, thanks to increased production. Occidental Petroleum expects fourth-quarter production to be between 1.44 million and 1.48 million barrels of oil equivalent per day. According to data collected by LSEG, analysts expect an average fourth-quarter production of 1.44 million barrels of oil equivalent per day. The production expectation for oil and gas in the Permian Basin for the fourth quarter is between 795,000 and 815,000 barrels of oil equivalent per day. Melius Research analyst James West stated that the market expects "more upside" in the fourth-quarter guidance, as energy stocks have performed strongly recently. Last month, Occidental Petroleum sold OxyChem to Warren Buffett's Berkshire Hathaway (BRK.A.US) for $9.7 billion, marking a new chapter. This is the company's largest asset divestiture in years, aimed at improving its financial situation by reducing debt. The company repaid $1.3 billion in debt in the third quarter. As of September 30, its long-term net debt stood at $20.85 billion ### 相關股票 - [Occidental Petroleum (OXY.US)](https://longbridge.com/zh-HK/quote/OXY.US.md) ## 相關資訊與研究 - [Formosa Plastics Group Hikes Prices as Middle East Conflict Drives Oil to $110](https://longbridge.com/zh-HK/news/281484172.md) - [Ryanair CEO sees oil prices falling soon, reports German magazine](https://longbridge.com/zh-HK/news/281494633.md) - [Map reveals where gas prices have hit $6 in California](https://longbridge.com/zh-HK/news/281384809.md) - [RUBBER-Japan futures mark 1-1/2-year high on strong oil prices, weak yen](https://longbridge.com/zh-HK/news/281749113.md) - [Wall Street Might Open Broadly Up](https://longbridge.com/zh-HK/news/281758027.md)