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OxyChem's Earnings Soar on Improved Margins and Higher Volumes

8:26 AM MDT | October 19, 2010 | Lindsey Bewley

OxyChem, the chemicals business of Occidental Petroleum, reported third-quarter net income of $189 million, up nearly 163% from the year-ago period on improved margins and volumes in the chlor-alkali and vinyls markets. Sale rose about 25%, to $1.05 billion. Export volumes increased 22% from the year-ago period, reflecting “improving market conditions, with global markets outpacing domestic markets in the recovery,” OxyChem...

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