Recessions Holds Down Oil Earnings - Forbes

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, 07.22.09, 05:00 PM EDT Both Occidental and Diamond Offshore report earnings and await global demand.

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Occidental Petroleum , an exploration and production oil and gas company, and Diamond Offshore Drilling , a drilling contractor, report second-quarter earnings. - people ) is extremely well-positioned with its low exposure to the U.S. gas market, stable domestic production and growth opportunities in the Middle East, according to Barclays Capital analyst Thomas Driscoll.

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