Key Developments: Occidental Petroleum Corp (OXY)

OXY on New York Consolidated

100.48USD
11 Jul 2014
Price Change (% chg)

$0.07 (+0.07%)
Prev Close
$100.41
Open
$100.55
Day's High
$100.72
Day's Low
$99.73
Volume
3,116,063
Avg. Vol
3,636,002
52-wk High
$105.64
52-wk Low
$84.91

Search Stocks

Latest Key Developments (Source: Significant Developments)

Occidental Petroleum Corp announces dividend
Thursday, 10 Jul 2014 01:38pm EDT 

Occidental Petroleum Corp:Declares regular quarterly dividend of $.72 per share on common stock payable on Oct. 15, 2014, to stockholders of record as of Sept. 10, 2014.  Full Article

Occidental Petroleum Corp announces dividend
Thursday, 1 May 2014 01:28pm EDT 

Occidental Petroleum Corp:Declares a regular quarterly dividend of $.72 per share on common stock.Payment date July 15.Record date June 10.  Full Article

Occidental Petroleum Corp announces dividend distribution-NYSE Euronext
Sunday, 16 Feb 2014 07:00pm EST 

Occidental Petroleum Corp:Occidental Petroleum Corp decides to proceed to the cash dividend distribution on the ordinary shares of $0.72 gross per share - NYSE Euronext.The record date is March 10, the ex-date is March 6 and the payment date is April 15.  Full Article

Occidental Petroleum Corp to separate its California Business, creating two independent, publicly traded energy companies
Friday, 14 Feb 2014 07:00am EST 

Occidental Petroleum Corp:Says the board has authorized the separation of Occidental's California assets into an independent and separately traded company.Says Occidental Petroleum Corporation will be headquartered in Houston, Texas.  Full Article

Occidental Petroleum Corp announces sale of hugoton field assets
Thursday, 13 Feb 2014 04:01pm EST 

Occidental Petroleum Corp:Says it has reached a definitive agreement to sell its Hugoton Field assets to an undisclosed buyer for pre-tax proceeds of $1.4 bln.Says the sale was approved by the Board as part of Occidental's strategic review to streamline and focus operations.Says the proceeds from this transaction will be used to partially fund the announced increase to the Company's share repurchase programc.  Full Article

Occidental Petroleum Corp increases dividend and share repurchase authorization
Thursday, 13 Feb 2014 04:00pm EST 

Occidental Petroleum Corp:Says the Board has increased the company's dividend to an annual rate of $2.88 per share.Says the Board raised the company's dividend by $.08 to $.72 per quarter, or an annual rate of $2.88 per share, from the previous annual rate of $2.56 per share.Says the Board also has authorized the repurchase of an additional 30 mln shares of the company's common stock.  Full Article

Occidental Petroleum Corp’s OxyChem and Mexichem SAB de CV Announce Formation Of Joint Venture To Build Ethylene Cracker In Ingleside, Texas
Thursday, 31 Oct 2013 03:04pm EDT 

Occidental Petroleum Corp announced that its subsidiary, Occidental Chemical Corporation (OxyChem), and Mexichem SAB de CV (Mexichem) announced the formation of a 50/50 joint venture, Ingleside Ethylene LLC, to build a 1.2-billion-pound per year capacity ethylene cracker at the OxyChem plant in Ingleside, Texas, along with pipelines and storage at Markham, Texas. As part of a long-term strategic supply relationship between the companies, essentially all of the ethylene produced from the cracker will be consumed in the manufacture of vinyl chloride monomer (VCM) utilizing existing VCM capacity. VCM will be delivered to Mexichem to produce polyvinyl chloride (PVC) and PVC piping systems. OxyChem, which will build and operate the cracker, has taken a number of relevant steps needed to begin construction, including: completed the front-end engineering and design; received draft permits from the Texas Commission on Environmental Quality; and applied for U.S. Environmental Protection Agency permits in December 2012. OxyChem expects to award the engineering and construction contract in the fourth quarter of 2013, with construction beginning in mid-2014 and the facilities becoming commercially operational in the first quarter of 2017.  Full Article

Occidental Petroleum Corp Looking To Sell Middle East Stake, Other Assets-Reuters
Friday, 18 Oct 2013 07:16am EDT 

Reuters reported that Occidental Petroleum Corp said it is looking to sell a minority stake in its Middle East and North Africa operations and will consider options for some Rocky Mountain assets. The divestment, part of a broader plan to split up the Company, also includes a possible sale of some of its 35% stake in the general partner of pipeline company Plains All American Pipeline LP for pre-tax proceeds of about $1.3 billion.  Full Article

Occidental Petroleum Corp Announces Dividend
Thursday, 10 Oct 2013 01:15pm EDT 

Occidental Petroleum Corp announced that its board of directors has declared a regular quarterly dividend of $.64 per share on common stock payable on January 15, 2014, to stockholders of record as of December 10, 2013.  Full Article

Eni SpA Signs Amendment to Zubair Oil Field Technical Service Contract in Iraq in Consortium with Occidental Petroleum Corp, Korea Gas Corporation and Missan Oil Company
Monday, 15 Jul 2013 08:06am EDT 

Eni SpA announced that on July 15, 2013 in Baghdad Eni has signed with South Oil Company and the Iraqi Ministry of Oil an Amendment to the Technical Service Contract for the development of the Zubair Oil Field. The Amendment sets a new production target of 850,000 barrels of oil per day and extends the duration of the Technical Service Contract for an additional five years, until fiscal year 2035. The Technical Service Contract for the giant Zubair Oil Field, located near Basrah, was awarded in 2010 as a result of Iraq's first bidding round, with a production plateau target of 1.2 million barrels of oil per day. Eni is Lead Contractor of a consortium that includes Occidental Petroleum Corp, Korea Gas Corporation and Missan Oil Company.  Full Article

Occidental names veteran exec as California unit CEO

July 10 - Occidental Petroleum Corp on Thursday named longtime executive Todd Stevens as chief executive of California Resources Corp (CRC) ahead of its planned spin-off of the subsidiary.

Search Stocks