OREANDA-NEWS. October 29, 2014. Occidental Petroleum Corporation (NYSE:OXY) announced core income for the third quarter of 2014 of USD1.2 billion (USD 1.58 per diluted share), compared with USD 1.6 billion (USD 1.97 per diluted share) for the third quarter of 2013.

Reported income was USD 1.2 billion (USD 1.55 per diluted share) for the third quarter of 2014, compared with USD 1.6 billion (USD 1.96 per diluted share) for the third quarter of 2013.

In announcing the results, Stephen I. Chazen, President and Chief Executive Officer, said, “For the fifth consecutive quarter, we have delivered strong year-over-year domestic oil production growth, bolstered by strong results from Permian Resources, which grew by over 26 percent. Domestic oil production was 282,000 barrels per day for the third quarter of 2014. Excluding the effect of the Hugoton sale, domestic oil production increased 20,000 barrels per day from the third quarter of 2013. During the quarter, we have experienced about a 6 percent decline in our worldwide oil realized prices, due to volatility in the marker prices. For the first nine months of 2014, our cash flow from operations was USD 8.2 billion. Capital expenditures, net of contributions from partners, were USD 7.3 billion and we purchased approximately 21.2 million shares of our stock.”