Occidental Petroleum told financial analysts that its...

Occidental Petroleum told financial analysts that its purchase of Cain Chemical will add $100 million to Oxy’s operating earnings this year and add more than $200 million to its cash flow. The Los Angeles-based energy conglomerate will pay $1.25 billion in cash and assume $830 million in debt to buy Cain, which consists of seven chemical plants on the Gulf Coast. Chairman Armand Hammer also promised “pleasant news” when Oxy reports earnings next week.