Higher oil prices helped US independent Occidental Petroleum to post its highest reported and adjusted earnings in more than a decade.

The company posted a net income of $4.7 billion in the first three months of this year, compared with a loss of $346 million in the first quarter of 2021 and net income of $1.3 billion in the fourth quarter of 2021.

Its adjusted income was $2.1 billion in the first quarter of 2022, compared with a loss of $136 million in the same period one year ago and income of $1.4