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Published on 8/8/2008 in the Prospect News Convertibles Daily and Prospect News Investment Grade Daily.

Occidental Petroleum files automatic shelf registration

By Devika Patel

Knoxville, Tenn., Aug. 8 - Occidental Petroleum Corp. filed an automatic shelf registration in an S-3-ASR filing with the Securities and Exchange Commission.

The registration covers debt securities, preferred stock, depositary shares, common stock, warrants, stock purchase contracts and stock purchase units.

Securities may be convertible.

Proceeds will be used for general corporate purposes, including working capital, acquisitions, retirement of debt, stock repurchases and other business opportunities.

Occidental Petroleum is a Los Angeles-based oil company.


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