Occidental Petroleum Corp. will look for ways to cut costs other than dropping rigs, in response to the recent slump in oil prices, according to Chief Executive Officer Vicki Hollub. “We’re going to keep our rigs running and we’re going to figure out how to reduce costs in some other way that’s not impacting people who are depending on that job for their sustenance,” especially in the run-up to Christmas, Hollub told the Bipartisan Policy Center in Washington on Friday. Other U.S. shale explorers have dialed back drilling as oilfield costs rise. Working oil rigs fell by 4 this week to 873, dropping for the third time ... (full story)