Occidental faces further write down 

OCCIDENTAL Petroleum will record an impairment for the second quarter of this year of between US$6 billion to $9 billion it revealed in filings with the US Securities Exchange Commission. 

Occidental faces further write down  Occidental faces further write down  Occidental faces further write down  Occidental faces further write down  Occidental faces further write down 
This will show up in second quarter results due soon, and it follows a first writedown of $1.4 billion for the first quarter when it posted a $2.2 billion loss.
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