Lower Crude Oil Prices Hurt Occidental Petroleum Q2 Results

Occidental Petroleum Corp. recently announced a drop in its second quarter profits by almost 27 percent due to the decline in the cost of natural gas and the per barrel price of crude. In quarter two of the present year, oil and natural gas companies, such as Occidental, encountered decreasing per barrel prices of crude and the lowest natural gas prices seen in ten years. The net earnings of the...
read more