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Occidental Petroleum, Devon Energy impress Wall St as oil price bounces 08/03/2021 21:26 (Reuters) - U.S. oil and gas producers Occidental Petroleum Corp and Devon Energy Corp blew past Wall Street s profit expectations on Tuesday, as easing travel curbs and rising vaccinations boosted fuel demand and crude prices. Shares of Occidental rose nearly 2% to $26.95 in extended trade, while Devon climbed 1.9% to $26.70. After a crushing 2020, oil prices have rebounded to multi-year highs and are now trading at over $70 a barrel, thanks to output curbs by the OPEC+ and a pick-up in economic activity. Devon also announced a fixed-plus-variable dividend of 49 cents per share, 44% higher than last quarter s payout, underscoring the energy industry s focus on shareholder returns over spending to expand production.

Devika syamnathArunima kumarPeers diamondback energy incPioneer natural resources coOccidental petroleumDevon energy corpDevon energyOccidental petroleum corpWall streetDiamondback energy incஅருணிமா குமார்முன்னோடி இயற்கை வளங்கள் இணைதற்செயலானது பெட்ரோலியம்டெவன் ஆற்றல் கார்ப்டெவன் ஆற்றல்தற்செயலானது பெட்ரோலியம் கார்ப்