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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Think4Yourself who wrote (53216)10/19/1999 12:42:00 PM
From: Think4Yourself  Read Replies (2) of 95453
 
Here's another great report (even with bad news incorporated): OXY

cbs.marketwatch.com

LOS ANGELES (CBS.MW) -- Occidental Petroleum reported third-quarter profits of 35 cents a share, beating Wall Street estimates by 10 cents thanks to cost-cutting efforts and higher oil and gas prices.
...
But Occidental continued to suffer weakness in its chemicals division. For the 1999 third quarter, the unit earned $40 million compared with $62 million a year ago. Higher raw material costs were the main culprit for the decline, the company said.
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