Occidental 3rd-qtr profit rises 15 pct on U.S. output growth

Tue Oct 29, 2013 7:14am EDT

Oct 29 (Reuters) - Occidental Petroleum Corp reported a 15 percent rise in quarterly profit on Tuesday as the fourth-largest U.S. oil company increased its oil and gas production in its home market.

Oxy's third-quarter net profit was $1.58 billion, or $1.96 per share, up from $1.38 billion, or $1.69 per share, a year earlier. Net sales rose 8 percent to $6.45 billion.