(Reuters) -Occidental Petroleum beat Wall Street expectations for third quarter profit on Monday, as the U.S. shale producer benefited from higher production.

U.S. oil and gas output rose to a record in August even as benchmark Brent crude fell more than 13% in the third quarter on OPEC+ supply increases and slowing global demand, a backdrop that pressured prices but boosted volumes.

Occidental said it also benifited from its $12 billion acquisition of privately held CrownRock in August last year.

Quarterly average global production was 1.46 million barrels of oil equivalent per day (MMboepd), up from 1.41 MMboepd a year earlier.

Realized oil prices fell to $64.78 per barrel in the July-September period, from $75.33 a year earlier.

The Houston, Texas-based company posted an adjusted p

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