HOUSTON: Oil and gas producer Occidental Petroleum Corp’s move to hedge its output has been a roller coaster over the past two years. Occidental, one of the Permian Basin’s biggest producers, lost an estimated US$ 339mil( RM1. 4bil) from its oil and gas hedges this year through Sept 30, the latest quarterly filing showed. That includes losses not yet realised....
Last year, the company made US$ 960mil( RM4bil) from its hedges after prices collapsed, according to regulatory filings. Despite the
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2021-11-10 00:00:00.0