Oxy is the leading producer of oil in the Permian Basin of southwest Texas and southeast New Mexico, one of the largest and most active oil basins in the United States. Oxy's Permian Basin operations include interests in six of the 20 largest U.S. oil and gas fields and account for approximately one-third of the company's worldwide net production.
Occidental Petroleum Corporation announced net income of $2.297 billion for the
second quarter of 2008, compared with $1.412 billion for the
second quarter of 2007.