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LOS ANGELES (AP) - Occidental Petroleum Corp., an oil and gas exploration and production company, said Friday its second-quarter earnings more than doubled, driven by several large gains, high energy prices and strong margins in its chemicals business.
Occidental, which also makes basic chemicals, plastics and petrochemicals, reported earnings of $1.54 billion, or $3.78 per share, compared with $581 million, or $1.46 per share, in the year-ago quarter.
Earnings, which exclude extraordinary items, totaled $851 million, or $2.12 per share, versus $584 million, or $1.49 per share, in the prior-year period.
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