Occidental’s Quarterly Realized Oil Prices Jump Amid Iran War Disruption - EnergyNow.com
Occidental’s Quarterly Realized Oil Prices Jump Amid Iran War Disruption - EnergyNow.com
Source: EnergyNow.com
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DW NOTE
Occidental collected $89 realized per barrel this quarter — call it the Iran premium. WTI averaged $71 in the period, so the spread reflects the market paying up for barrels actually delivered while Hormuz stayed shut. That's a windfall masquerading as operating performance.