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Will Rising Oil & Natural Gas Prices Help Occidental Petroleum Corporation (NYSE:OXY) Stock.



Occidental Petroleum Corporation (NYSE:OXY) Stock should begin to see benifits in 2018 as Oil and Natural Gas prices for the third quarter of 2017 were higher than this time last year. The average quarterly WTI and Brent prices increased to $48.21 per barrel and $52.18 per barrel, respectively, for the third quarter of 2017, compared to $44.94 per barrel and $46.98 per barrel, respectively, a year ago. Using HADE Graphs we can plot out each quarter. 


Worldwide realized crude oil prices increased by 11 percent to $46.19 per barrel for the third quarter of 2017. Worldwide realized NGL prices increased by 38% to $20.73 per barrel in the third quarter of 2017, compared to $14.99 per barrel a year ago. 



Occidental Petroleum Corporation (NYSE:OXY) reported net income of $190 million for the third quarter of 2017 on net sales of $3.0 billion.

Occidental Petroleum Corporation is an international oil and gas exploration and production company with operations in the United States, Middle East and Latin America. Occidental is one of the largest U.S. oil and gas companies, based on equity market capitalization.The Oil and Gas segment explores for, develops and produces oil and condensate, natural gas liquids and natural gas.