US Occidental Petroleum recorded its fourth consecutive quarterly loss as it set aside $ 6.6 billion in impairment provisions, mostly for writing off the value of oil and gas assets in the wake of the collapse in Crude prices.
According to Reuters, the net loss distributable to ordinary shareholders was $ 8.35 billion, or $ 9.12 per share, in the second quarter, compared to earnings of $ 635 million. , Or 84 cents a share, in the same period last year.
The average production in the three months to the end of June was 1.41 million barrels of oil equivalent per day, 36 thousand barrels per day exceeding the average indicative range.
(Amazon fun knowledge)
