OxyChem earnings drop on COVID-19 impact

MOSCOW (MRC) -- OxyChem, the chemical segment of Occidental Petroleum (Oxy; Houston, Texas) reports second-quarter pre-tax income of USD108 million, down 48% year-over-year (YOY) from USD208 million and 35% ahead of the company's guidance. Sales totaled USD846 million, down 15% YOY from USD998 million, according to Chemweek.Pre-tax income during the first quarter totaled USD186 million. O

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