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May 4 (Reuters) - Occidental Petroleum Corp on Thursday reported a 50 percent rise in quarterly profit, helped by the rise in oil prices.
The oil and gas producer's profit rose to $117 million, or 15 cents per share, in the first quarter, from $78 million, or 10 cents per share, a year earlier.
Production fell to 584,000 barrels of oil equivalent per day on average from 657,000 boe/d.
Reporting by Swetha Gopinath in Bengaluru; Editing by Arun Koyyur