Feb 4 (Reuters) - Occidental Petroleum Corp (N:OXY) OXY.N said its
2016 capital budget is expected to be not more than $3 billion,
nearly half its 2015 levels, and reported a bigger loss for the
fourth quarter.
The company expects to grow oil and gas production by 2-4
percent this year from ongoing operations.
Occidental's net loss widened to $5.18 billion, or $6.78 per
share, in the quarter ended Dec. 31, from $3.41 billion, or
$4.41 per share, a year earlier.