Jan 10 (Reuters) - U.S. shale producer Occidental Petroleum (OXY.N) , opens new tab said the prices received for oil production during the fourth quarter were lower than the preceding three months, as global demand for the commodity weakened.

Crude prices declined about 6% in the quarter ended Dec. 31 from the prior three months, and fell nearly 12% from a year ago.

Occidental said its realized price was $69.73 a barrel, compared with $75.33 per barrel during the third quarter.

However, the producer reported higher prices for its total natural gas output, amid a 30% rise in U.S. natural gas prices .

For the fourth quarter, Occidental's average realized prices were $1.41 per thousand cubic feet (Mcf) for its total natural gas production. In the preceding quarter, it was 76 cents per Mcf.

(This story has been corrected to say that the average realized gas prices in the preceding quarter were 76 cents, not 70 cents, in paragraph 5)

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https://www.reuters.com/business/energy/occidental-petroleum-says-it-realized-lower-prices-oil-fourth-quarter-2025-01-10/