Big Energy Gusher in California for Occidental

Occidental Petroleum (OXY), the big Los Angeles-based oil and gas producer, announced on July 22 that it may have found a 250 million-barrel field in Kern County, Calif. It's the largest discovery in the state in more than 35 years, the company claims. In the oil and gas business, a 100 million-barrel field is considered sizable.

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