CARSON, California (Bloomberg) -- Occidental Petroleum Corp. fell the most in seven months after a Los Angeles-area city imposed a moratorium on new drilling. The unanimous vote by the Carson, California, city council on March 18 imposed a 45-day hold on oil and gas activity and also halted negotiations on development of about 200 wells until Los Angeles-based Occidental completes the spinoff. Carson is the third local government in the state since September to seek restrictions on drilling.
Oxy drops after California drilling ban
![Oxy drops after California drilling ban]()
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