OCCIDENTAL <OXY> SELLS 33 MLN COMMON SHARES
Occidental Petroleum Corp said the size
of its underwritten offering of common stock was increased to
33 mln shares from the proposed 30 mln.
    The company said the offering is being made at 30.50 dlrs a
share. It was underwritten by Drexel Burnham Lambert Inc,
Kidder Peabody and Co, and Salomon Inc.
    Occidental will use the proceeds to reduce its debt. The
company had 165 mln shares outstanding prior to the offering.
 Reuter
