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Oxy reports nearly $1B loss after Anadarko deal; Slashes spending – CBS7 News

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Oxy reports nearly $1B loss after Anadarko deal; Slashes spending – CBS7 News

HOUSTON, Tx (BY: JORDAN BLUM, CHRON.COM) — Occidental Petroleum said it would dramatically slash its spending by nearly 40 percent next year after reporting a nearly $1 billion quarterly loss in the aftermath of its $38 billion acquisition of Anadarko Petrol…

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