OXY(US:OXY) 贝塔投资智库·2025-08-07 04:00Core Viewpoint - Western Oil (OXY.US) reported second-quarter earnings that exceeded Wall Street expectations, with production growth effectively offsetting the impact of declining oil prices [1][3]. Financial Performance - The company achieved quarterly revenue of $6.46 billion, surpassing analyst expectations of $6.24 billion, with adjusted earnings per share of $0.39, significantly higher than the average forecast of $0.29 [1]. - Global average daily production reached 1.4 million barrels of oil equivalent, representing an approximate 11% year-over-year increase [1]. - Natural gas prices doubled year-over-year to $1.33 per thousand cubic feet, providing support for the company's profitability, while average realized oil prices fell about 20% to $63.76 per barrel [3]. Asset Management - Since the beginning of the second quarter, Western Oil has completed $950 million in new asset divestiture transactions, with $370 million already closed [3]. - As part of its asset divestiture plan, the company agreed to sell a portion of its natural gas gathering assets in the Midland Basin to a subsidiary of Enterprise Products Partners (EPD.US) for $580 million [3]. Strategic Outlook - The company is actively pursuing a dual-track development strategy that focuses on both traditional energy and low-carbon business initiatives [5]. - Western Oil has lowered its median capital expenditure forecast by $100 million and reduced international operating costs by $50 million for the year [5].