Occidental Petroleum Corp (OXY)

[Timothy Smith]

Q2 operating costs in the U.S. fell to $13/boe from $14.50 in 2014, and capital was ~$250M lower than Q1 and 25%-plus less than the same period last year.

Says higher production volumes, improved well performance in the Permian, and higher product prices resulted in a ~$400M Q/Q  increase in operating cash flow before working capital.