U.S. oil and gas producer Occidental Petroleum Corp on Tuesday reported a 48% decline in first-quarter earnings that fell well short of analyst estimates as global economic growth concerns led to a decline in oil prices.
from the prior year to $1.1 billion as it accelerated investments and shareholder returns.
Occidental increased its year-end production guidance by 20,000 barrels of oil and gas to 1.22 million barrels per day.
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