Occidental's Gulf of Mexico output hit by curtailments in Q2, shares down

Shares of U.S. shale producer Occidental Petroleum OXY.N fall 2.5% to $45.15

Company says its Gulf of Mexico production in Q2 was curtailed due to third-party constraints, extended maintenance, and schedule-related delays

OXY expects sales volumes from its "Gulf of America" — referring to the Gulf of Mexico — to be about 125,000 barrels of oil equivalent per day (boepd)

Company had forecast its Gulf of Mexico Q2 production to range between 126,000 and 134,000 boepd previously

OXY adds that it continues to expect annual production within its previously announced forecast of 1.38 mln to 1.42 mln boepd

OXY stock was also under pressure due to lower oil prices, with Brent crude futures LCOc1 down 0.2% at $70.23/barrel and U.S. West Texas Intermediate crude futures CLc1 down 0.3% at $68.22/barrel

Including sessions moves, stock down 8.6% YTD