Los Angeles-based Occidental Petroleum Corp. announced that...
From Times Staff and Wire Service Reports
Los Angeles-based Occidental Petroleum Corp. announced that its domestic oil and gas subsidiary, OXY USA Inc., has completed the sale of its oil and gas properties in the Appalachian area to a wholly owned subsidiary of Ashland Oil Inc. for about $107 million. . . . Pittsburgh-based Equimark Corp. said it will lose up to $17 million in the second quarter, mainly due to rising loan woes and the high cost of its failed effort to buy a troubled Texas bank.
