U.S. producer Occidental Petroleum Corp beat market estimates and more than doubled its profit to $836 million in the third quarter, from the previous three months, the company said in a filing.
The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange in New York, U.S., April 30, 2019. REUTERS/Brendan McDermidbeat market estimates and more than doubled its profit to $836 million in the third quarter, from the previous three months, the company said in a filing.
Occidental has "generated record free cash flow before working capital in each quarter this year, allowing us to reduce debt and strengthen our balance sheet,” Chief Executive Vicki Hollub said in a statement.
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