Group 1 - The core viewpoint of the article highlights that Occidental Petroleum (OXY.US) reported second-quarter earnings that exceeded Wall Street expectations, driven by production growth offsetting the impact of declining oil prices [1][3] - 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] - Occidental's global average daily production reached 1.4 million barrels of oil equivalent, representing an approximate 11% year-over-year increase [1] Group 2 - Occidental Petroleum has completed $950 million in new asset divestiture transactions since the beginning of the second quarter, with $370 million already closed [3] - The company sold a portion of its natural gas gathering assets in the Midland Basin to Enterprise Products Partners (EPD.US) for $580 million as part of its divestiture plan [3] - The company has repaid $3 billion in debt this year, and its stock price rose over 2% in after-hours trading following the positive earnings report [3] Group 3 - Natural gas prices have significantly supported the company's profitability, doubling year-over-year to $1.33 per thousand cubic feet, while average realized oil prices fell approximately 20% to $63.76 per barrel [3] - The average Brent crude futures price dropped about 20% year-over-year to around $70 per barrel, influenced by global uncertainties exacerbated by U.S. tariff policies [3] - Occidental Petroleum is a leading player in the U.S. shale oil sector, with significant operations in the Permian Basin, DJ Basin, and Gulf of Mexico, while also advancing its carbon management strategy [5] Group 4 - The company has adjusted its capital expenditure forecast down by $100 million and reduced international operating costs by $50 million for the year [5] - The management emphasized the operational strength of its diversified asset portfolio and the dual-track development strategy of traditional energy and low-carbon business [5]