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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: CommanderCricket	4/24/2008 10:46:31 AM
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OXY put up nice numbers this morning OXY 1Q Earnings Alert: Thomson Reuters $1.98 Last update: 4/24/2008 7:46:22 AM DOW JONES NEWSWIRES Occidental Petroleum Corp. (OXY) Thursday said higher oil and gas prices propelled first-quarter net income up 52% to $1.85 billion, or $2.23 a share, from $1.21 billion, or $1.43 a share in the year-ago period. Revenue for the three months ended March 31 rose to $6 billion from $4 billion. Analysts surveyed by FactSet forecast earnings of $1.87 a share and revenue of $6.1 billion, on average. Oil and gas production rose 8.4%. "These results continue our momentum from 2007, the most successful year in Oxy's history, and provide a strong start to propel us into the remainder of 2008," Chairman and CEO Ray Irani said. Analysts surveyed: 18 Thomson Reuters EPS estimates can reflect either net income, operating income or funds from operations. The company's earnings figure is on a diluted basis. Thomson Reuters assumes earnings estimates from analysts are on a diluted basis.

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