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Rigzone reported that Occidental Petroleum Corp. (NYSE:OXY) plans to spend 10 percent more on capital projects in 2012.

Rigzone reported that Occidental Petroleum Corp. (NYSE:OXY) plans to spend 10 percent more on capital projects in 2012.

As quoted in the market news:

The company now targets $9.2 billion of capital expenditures, up from the $8.3 billion it previously announced to investors.

Click here to read the full Rigzone report.

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