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Oxy California Spinoff Continues to Hunker Down; Asset Sales Off Table, CFO Says

The Occidental Petroleum Corp. (Oxy) spinoff, California Resources Corp. (CRC), is lowering its profile to fit a continuing low-priced commodity environment by shedding debt and rethinking the need for various asset sales, CFO Mark Smith said Wednesday as part of a panel discussion at the Goldman Sachs Global Energy Conference in Miami. Read More