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We purchased petroleum from middle east countries with higher prices. India is not the country blessed with petroleum by the nature. We pay huge foreign currency for it. Because we need it badly to run vehicles, factories, power plants etc etc. But often.
Occidental Petroleum says its first-quarter profit fell 80 percent from a year ago as results were crushed by lower oil and natural gas prices.
Last year’s oil price run-up made it a good time to be an oil company CEO with a fistful of stock options, and Ray Irani of Occidental Petroleum made the most of it, cashing in $184.4 million worth.
Occidental Petroleum says its fourth-quarter profit fell 69 percent from a year ago as results were hammered by lower oil and gas prices.
Tracinda, the investment arm of billionaire investor Kirk Kerkorian, says it will launch a cash tender offer for 14 million Delta Petroleum shares, in a move to boost its stake in the Denver-based oil and gas explorer to about 48.5 percent.
Occidental Petroleum Corp. says its third-quarter profit rose 71 percent, lifted by higher oil and natural gas prices and increased production.
Oil producer Occidental Petroleum Corp. says its second-quarter profit rose 62 percent as record crude prices and higher production propelled results.The Los Angeles-based company said Thursday it earned a record $2.29 billion, or $2.78 per share, in the.
XTO Energy Inc. said Tuesday it is acquiring privately held Hunt Petroleum Corp. for $4.19 billion in cash and stock in a deal made more attractive by high oil and gas prices.XTO Energy said the deal includes $2.6 billion in cash and 23.5 million shares..
