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Occidental posts second-quarter profit on crude price rebound

08/03/2021 | 04:17pm EDT

Aug 3 (Reuters) - Occidental Petroleum Corp reported an adjusted profit in the second quarter versus a loss in the previous quarter, lifted by higher crude prices as easing travel curbs and rising COVID-19 vaccinations boosted fuel demand.

The oil and gas producer said on Tuesday adjusted profit attributable to common stockholders stood at $311 million, or 32 cents per share, for the three months ended June 30. It reported a loss of $136 million, or 15 cents per share, in the prior quarter. (Reporting by Arunima Kumar in Bengaluru)


© Reuters 2021
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