Advertisement
YOU ARE HERE: LAT HomeCollections

Occidental Profits Jump 149%

October 21, 1985|From United Press International

Occidental Petroleum Corp., the nation's ninth-largest oil company, today announced that its profits jumped 149.6% and attributed the gain partially to the sale of 50% of its Colombian oil holdings.

Los Angeles-based Occidental had an earnings advance to $381.7 million, or $3.04 a share, from $152.9 million, or 90 cents a share, in the 1984 quarter. Amoco Corp., the nation's fourth-largest oil company, reported its earnings declined 18%, primarily because of lower crude oil prices and higher foreign currency translation losses.

Advertisement
Los Angeles Times Articles
|
|
|