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385M

Kerr-McGee Assumes $385M 4Q Charge; Calls Leadon Field a ‘Disappointment’

Due to estimated costs related to impairments for the Leadon field and various other fields in the North Sea and the Gulf of Mexico shelf, Kerr-McGee Corp. announced Monday that it will take a special after-tax noncash charge of approximately $385 million during the fourth quarter.

December 31, 2002