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Occidental Petroleum Corp.

Company Profile

Occidental explores for crude oil. They also develop, refine, and market petroleum products, such as, gasoline.

Their other main business is chemicals. "Occidental's OxyChem subsidiary is one of the world's largest commodity chemical producers, with interests in chlorovinyls, specialty businesses and petrochemicals."

Occidental was founded in 1920 as a California oil and gas production company. Now, they have oil and gas production in eight countries and exploration projects in 12 countries.

Acquisition Costs

date: March 1, 1999
Buy 100 Shares @ 15 OXY Occidental Petroleum $1,500.00
Commission $14.95
TOTAL $1,514.95

Capital Gains

May 4, 1999
SOLD 100 @ 20 5/8 (less commission)

Net proceeds from the sale. $2,047.55
Less acquisition costs = net profit before taxes (Capital Gains) $532.60

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