Occidental Petroleum announces first quarter of 2012 income
Occidental Petroleum Corporation announced net income of $1.6 billion for the first quarter of 2012, compared with the first quarter of 2011 net income of $1.5 billion.
Occidental Petroleum Corp said on Monday it is buying a stake in a major Canadian oil sands project for C$500 million, giving it a foothold in one of the world's biggest developing oil plays as crude prices surge.