The Zhitong Finance App learned that thanks to rising oil prices and increased production, US shale oil producer Occidental Petroleum (OXY.US) announced the highest quarterly profit since 2022 on Wednesday, exceeding Wall Street expectations. According to financial reports, Occidental Petroleum's Q2 revenue reached US$8.32 billion, up 57.0% year on year, exceeding expectations of US$1.07 billion; adjusted earnings per share were US$2.40, exceeding expectations of US$0.55.

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