Canadian Occidental Petroleum Ltd. announces $100 million debenture issue.

CALGARY, Alberta--(BUSINESS WIRE)--Nov. 15, 1996--Canadian Occidental Petroleum Occidental Petroleum Corporation ("Oxy") NYSE: OXY is an international oil and gas exploration and production company with operations in the United States, Middle East/North Africa and Latin America regions. Ltd. of Calgary announced that it has completed the issue of $100 million principal amount of unsecured debentures.

The debentures carry a coupon of 6.85% and mature Nov. 15, 2006. The proceeds will be used to repay short-term indebtedness of the company.

An underwriting group, led by RBC Dominion Securities

This article is about the RBC Dominion Securities full service brokerage brand. For the corporate and investment banking division of the Royal Bank of Canada, see RBC Capital Markets.

Inc. and including TD Securities Inc. and CIBC Wood Gundy CIBC Wood Gundy was created in 1988 with the purchase of Wood Gundy Inc. by CIBC. CIBC Wood Gundy is a division of CIBC World Markets.

Canadian Imperial Bank of Commerce
Chief Executive Officer: Gerald T. McCaughey | FY 2006 Statistics: Net income: $2. Securities Inc., purchased the debentures for distribution to the public.

For further information contact: Kevin Finn, Director, Investor and Media Relations, 403/234-1932, 1500, 635 - 8th Avenue S.W, Calgary, Alberta, Canada T2P T2P Type-Two Phaser (Star Trek)
T2P Transition to Production (computer systems development) 3Z1.

CONTACT: Canadian Occidental Petroleum Ltd.

Kevin Finn, 403/234-1932

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Publication:	Business Wire
Date:	Nov 15, 1996
Words:	113
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