U.S. midstream operator Oneok reported second-quarter net income of $853 million, or $1.34 a share, marginally topping the $1.33 consensus forecast. Adjusted EBITDA came in at $1.98 billion, slightly below the $2.01 billion analysts expected. The company said recent acquisitions, including the January close of its controlling stake in EnLink Midstream and earlier purchases of Medallion Midstream and Magellan Midstream, helped lift profit and natural-gas-liquids volumes. Occidental Petroleum also beat Wall Street estimates, posting adjusted earnings of $0.39 per share versus the projected $0.29, with adjusted net income of $396 million. Reported earnings were $0.26 per share on net sales of $6.41 billion, narrowly ahead of forecasts. Average production held at 1,400 thousand barrels of oil equivalent a day, while the company spent $2 billion on capital projects. Occidental realised $63.76 a barrel for crude and $1.33 per thousand cubic feet of U.S. natural gas. In a strategic move, pipeline giant Enterprise Products Partners agreed to acquire Occidental’s gas-gathering affiliate, bolstering Occidental’s liquidity as it continues to invest in production and carbon-management initiatives. Both companies signalled that integration of recent deals and disciplined spending will remain central to their outlooks for the remainder of 2025.