Monthly Archives: August 2020

Occidental reports $ 8 billion loss, outlines cuts in oil production

(Reuters) – Occidental Petroleum Corp. posted a $ 8.35 billion loss in second-quarter lower energy prices and depreciation on Monday as the U.S. oil producer sought to reduce debt amid a pandemic that fueled demand and prices has decreased. Occidental, which borrowed heavily from last year’s $ 38 billion acquisition …

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