President Donald Trump issued an executive order in January 2025 calling on U.S. institutions to refer to the Gulf of Mexico as the Gulf of America.
Previously, Occidental forecast its Gulf of Mexico production to range between 126,000 and 134,000 boepd in the second quarter.
The company continues to expect annual production within its previously announced forecast of 1.38 million to 1.42 million boepd.
Occidental said its average realized price for total oil output was $63.76 per barrel in the April-June quarter, down from $71.07 per barrel in the preceding quarter.
Reporting by Vallari Srivastava in Bengaluru; Editing by Anil D’Silva and Tasim Zahid – Reuters
This article was originally posted at sweetcrudereports.com
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