Before the market open, the Houston-based exploration and production company posted an adjusted loss of 15 cents per share, bigger than the FactSet consensus for a loss of 12 cents per share.
Revenue of $2.73 billion topped Wall Street's estimates of $2.65 billion, according to FactSet.
Occidental produced an average of 605,000 barrels of oil equivalent per day in the third quarter vs. 653,000 barrels of oil equivalent per day in the same period last year.
Analysts surveyed by FactSet were looking for 591,400 barrels of oil equivalent per day in the most recent period.
Additionally, Occidental said late yesterday that it paid $2 billion in cash for 35,000 net acres in the West Texas Permian Basin.
Under the terms of the deal, the company also acquired working interests in several Permian Basin enhanced oil recovery and carbon dioxide properties and related infrastructure.
The transaction was funded by existing cash on hand.
CEO Vicki Hollub said that the deal "leverages our existing infrastructure, operational synergies and strong balance sheet in order to create value for our shareholders," according to a statement.
The stock closed lower on Monday.
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