Oxy Expands Share Repurchase

Occidental Petroleum Corp. reported that its board increased the number of shares authorized for the previously announced share repurchase program from 40 million shares to 55 million shares.

Approximately 31.6 million shares have been repurchased through January 31, 2007, leaving 23.4 million shares to be repurchased from time to time in the open market or otherwise. The share repurchases will continue to be funded solely from available cash from operations.

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