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Occidental 3rd-Quarter Profit Rises on Record U.S. Output
Oct. 27, 2011 06:02PM PST
Oil and Gas InvestingBloomberg reported that Occidental Petroleum Corp.’s (NYSE:OXY) record U.S. production and elevated crude oil prices have helped to achieve a 49 percent rise in its third- quarter profit.
Bloomberg reported that Occidental Petroleum Corp.’s (NYSE:OXY) record U.S. production and elevated crude oil prices have helped to achieve a 49 percent rise in its third- quarter profit.
As quoted in the market news:
Net income increased to $1.77 billion, or $2.17 a share, from $1.19 billion, or $1.46, a year earlier, Los Angeles-based Occidental said in a statement.