Occidental Petroleum 2008 Annual Report Download - page 25

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transactions and their operating results and a $4 million after-tax charge from assets classified to discontinued
operations in 2006. In January 2006, Occidental completed the merger of Vintage into a subsidiary and classified
certain assets and liabilities as held for sale. In May 2006, Ecuador terminated Occidental’s contract for the
operation of Block 15. The 2006 amount includes a $253 million after-tax loss for Ecuador and the Vintage
properties held for sale (and subsequently sold in 2006) and $242 million after-tax income for the operations of
Horn Mountain and Pakistan.
19
Oil and Gas