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Occidental Petroleum Corp (OXY)

OXY on New York Consolidated

65.47USD
20 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Centurion's oil pipeline shut after spill - regulator
Wednesday, 11 Oct 2017 05:51pm EDT 

Oct 11 (Reuters) - US pipeline regulator PHMSA::Centurion's oil pipeline shut down after Oklahoma spill.  Full Article

Occidental Petroleum says operations have returned to pre-Hurricane Harvey levels
Tuesday, 3 Oct 2017 09:00am EDT 

Oct 3 (Reuters) - Occidental Petroleum Corp ::Occidental Petroleum provides Hurricane Harvey business impact update.Occidental Petroleum Corp - operations have returned to pre-hurricane harvey levels.Occidental Petroleum Corp - overall Hurricane Harvey caused minimal disruptions to operations.Occidental Petroleum Corp - expects Hurricane Harvey financial and production impact to be limited to Q3.Occidental Petroleum - ‍for Q3, impacts of Hurricane Harvey anticipated to be chemicals segment pre-tax income reduction of approximately $60 million​.Occidental - ‍for Q3, impacts of Hurricane Harvey are anticipated to be midstream segment pre-tax income reduction of approximately $10 million​.Occidental Petroleum - for Q3, impacts of Hurricane Harvey are anticipated to be Permian resources daily production reduced by about 1,000 bor per day.  Full Article

Occidental Petroleum Q2 core earnings per share $0.15
Wednesday, 2 Aug 2017 05:15pm EDT 

Aug 2 (Reuters) - Occidental Petroleum Corp :Q2 core earnings per share $0.15.Quarterly earnings per share $0.66.Occidental Petroleum Corp - ‍total average daily production volumes were 601,000 barrels of oil equivalent (BOE) for Q2 of 2017​.Occidental Petroleum Corp qtrly revenue $3,060 million versus $2,531 mln‍​.Q2 earnings per share view $0.10, revenue view $2.99 billion -- Thomson Reuters I/B/E/S.  Full Article

Occidental Petroleum increases dividend
Friday, 14 Jul 2017 06:18am EDT 

July 14 (Reuters) - Occidental Petroleum Corp :Sets regular quarterly dividend of $0.77 per share.  Full Article

Hess announces sale of enhanced oil recovery assets in Permian Basin
Monday, 19 Jun 2017 09:25am EDT 

June 19 (Reuters) - Hess Corp ::Hess announces sale of its enhanced oil recovery assets in the Permian Basin.Hess announces sale of its enhanced oil recovery assets in the Permian Basin.Hess Corp - deal for a total consideration of $600 million.Hess Corp - proceeds from sale will be used to fund company's strong growth opportunities.Hess Corp - transaction consists of Seminole-San Andres unit and Seminole gas processing plant in Texas, West Bravo dome C02 field in New Mexico.Hess Corp - transaction also consists of a 9.9% non-operated interest in bravo dome unit in new mexico.Hess Corp - enters agreement to sell its interests in enhanced oil recovery (EOR) assets in Permian Basin to occidental petroleum corporation.  Full Article

Occidental Petroleum appoints Cedric Burgher CFO
Wednesday, 31 May 2017 09:00am EDT 

May 31 (Reuters) - Occidental Petroleum Corp :Occidental Petroleum appoints Cedric W. Burgher as chief financial officer.Occidental Petroleum says burgher most recently served as a senior vice president at eog resources.Occidental Petroleum Corp - Burgher replaces Chris Stavros, who is retiring from occidental.‍​.  Full Article

Occidental Petroleum sets regular quarterly dividend of $0.76per share
Thursday, 11 May 2017 12:30pm EDT 

May 11 (Reuters) - Occidental Petroleum Corp :Sets regular quarterly dividend of $0.76per share.  Full Article

Occidental expects 2017 oil & gas segment production of 595,000 – 615,000 boed
Thursday, 4 May 2017 09:09am EDT 

May 4 (Reuters) - Occidental Petroleum Corp ::Sees FY oil & gas segment total production 595,000 – 615,000 boed.Sees Q2 total production of 580,000 – 595,000 boed.Sees Q2 Permian Resources production of 135,000 – 140,000 boed.In oil & gas segment, sees FY permian resources production of 140,000 – 150,000 boed.Sees Q2 exploration expense about $30 million.Sees about $200 million pre-tax income in 2Q17 from Chemical segment.Sees modest impact of OPEC quota constraints and volume effects under psc contracts due to higher oil prices in Q2.Expect to drill 28 wells and put online 26 wells in 2Q17 in Permian.  Full Article

Occidental Petroleum posts qtrly net income of $0.15 per share
Thursday, 4 May 2017 07:00am EDT 

May 4 (Reuters) - Occidental Petroleum Corp ::Qtrly net income of $117 million or $0.15 per share.Total average daily production volumes were 584,000 barrels of oil equivalent (BOE) for the first quarter of 2017.Q1 net sales $2,957 million versus $2,123 million.Chemical pre-tax income for the first quarter of 2017 was $170 million.Q1 reported sales volume 583 mboe/d versus 651 mboe/d.Lower costs, improved crude oil prices and increase in caustic soda prices, sales volumes resulted in increase to qtrly income on a sequential basis.Q1 earnings per share view $0.07, revenue view $2.90 billion -- Thomson Reuters I/B/E/S.  Full Article

Occidental Petroleum CEO Hollub's 2016 total compensation $13 mln
Friday, 24 Mar 2017 04:30pm EDT 

Occidental Petroleum Corp : Occidental Petroleum Corp- CEO Vicki Hollub's 2016 total compensation was $13 million versus $5.6 million in 2015 - SEC filing . Occidental Petroleum Corp- CFO Christopher G. Stavros's 2016 total compensation was $5.7 million versus $4.3 million in 2015 - SEC filing . Occidental Petroleum Corp- CEO Vicki Hollub's 2016 total compensation includes stock awards of about $9.8 million- sec filing Source: (http://bit.ly/2n0ajnd) Further company coverage: [OXY.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article