Low oil and gas prices continue to weigh on Occidental Petroleum’s results. Occidental Petroleum Corp. on Tuesday reported a quarterly loss on a continued decline in revenue, as the oil-and-gas company deals with low energy prices. Houston-based Occidental reported a third-quarter loss of $241 million, or 32 cents a share, compared with a loss of $2.61 billion, or $3.42 a share, a year prior. Excluding various items, the company posted a quarterly loss of 15 cents a share, compared with a profit of 3 cents a share a year earlier. Total sales from fell 16% to $2.73 billion. Analysts polled by Thomson Reuters had expected a loss of 11 cents a share on revenue of $2.69 billion. Occidental has been working to cut costs amid the sustained drop in energy prices. Oil-and-gas cash operating costs fell 82% in the third quarter from the same quarter last year. The realized […]