January 9, 2009

OCCIDENTAL PETROLEUM: Reserves $444Mil for Cleanup at 164 Sites

COMPANIES: Occidental Petroleum Corp
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Occidental Petroleum Corporation, at Sept. 30, 2008, had reserves of US$444 million for environmental remediation of 164 sites.

The current portion of the Company’s environmental remediation reserves (US$69 million) is included in accrued liabilities and the remaining amount (US$375 million) in…

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TOPICS: Chemicals/Petrochemicals/Plastics | Earnings | Legal Issues, Litigation | Loans & Financing | Natural Gas | Oil | SEC-Qtrly, Annual Reports | Securities & Exch Comm, US
LOCATIONS: California | United States