Oxy takes $6.6 billion impairment on reduced-value assets

Occidental Petroleum booked a total impairment of $6.6 billion for the second quarter after the collapse in energy prices reduced the value of several of its assets.

The shares fell as much as 3.3% in after-market trading in New York.

Continue reading

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.