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2014-05-06 18:55:00

OCCIDENTAL RISES 4%

OCCIDENTAL RISES 4%

Occidental Petroleum Corp, the fourth-largest U.S. oil and gas company, reported a 2.6 percent rise in first-quarter profit, helped by higher prices for crude oil and natural gas.

The company's net profit inched up to $1.39 billion, or $1.75 per share, in the quarter ended March 31, from $1.36 billion, or $1.68 per share, a year earlier.

Revenue rose nearly 4 percent to $6.09 billion.

reuters.com

Tags: OCCIDENTAL, OIL, GAS

Chronicle:

OCCIDENTAL RISES 4%
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

OCCIDENTAL RISES 4%
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

OCCIDENTAL RISES 4%
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

OCCIDENTAL RISES 4%
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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