Occidental Says 170,000 Barrels/Day Target From CrownRock Delayed Due To Operational Issues
Portfolio Pulse from Benzinga Newsdesk
Occidental Petroleum (OXY) announced that its target of 170,000 barrels per day from CrownRock has been delayed due to operational issues. This was disclosed during a conference call webcast.
August 08, 2024 | 5:36 pm
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Occidental Petroleum (OXY) has delayed its target of 170,000 barrels per day from CrownRock due to operational issues. This delay could impact the company's short-term revenue and production forecasts.
The delay in reaching the production target of 170,000 barrels per day from CrownRock is likely to negatively impact Occidental Petroleum's short-term revenue and production forecasts. Investors may react negatively to this news, leading to a potential short-term decline in the stock price.
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IMPORTANCE 80
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