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Occidental Petroleum posts smaller quarterly loss
February 9, 2017 / 12:08 PM / 8 months ago

Occidental Petroleum posts smaller quarterly loss

Feb 9 (Reuters) - Occidental Petroleum Corp reported a smaller quarterly loss on Thursday, compared with a year earlier, when the company incurred a one-time charge of $5.05 billion.

Net loss attributable to shareholders narrowed to $272 million, or 36 cents per share, in the fourth quarter ended Dec. 31, from $5.18 billion, or $6.78 per share, a year earlier. (bit.ly/2lrI7sS)

The latest quarter included a $175 million charge.

Total production fell to 607,000 barrels of oil equivalent per day (boe/d) on average from 680,000 boe/d a year earlier. (Reporting by Swetha Gopinath and Komal Khettry in Bengaluru; Edited by Martina D‘Couto)

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