(Reuters) – Occidental Petroleum beat Wall Street estimates for second-quarter profit on Wednesday as the oil and gas company benefited from higher crude production and rising crude prices.

The company said global realized prices were $79.89 a barrel, up from $73.59 a barrel a year earlier.

The company’s shares rose 1.1% in post-session trading.

Occidental (NYSE:) reported quarterly production of 1.26 million barrels of oil equivalent per day (boepd), up from 1.22 million boepd in the same period last year and analysts’ estimates of 1.24 million boepd.

The company reported adjusted earnings of $1.03 per share in the quarter ended June 30, compared with analysts’ average forecast of 77 cents per share, according to LSEG data.