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Occidental Petroleum Corp (OXY)

OXY on New York Consolidated

63.04USD
23 Mar 2017
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$-0.47 (-0.74%)
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Latest Key Developments (Source: Significant Developments)

Occidental Petroleum and Mexichem announce startup of their JV ethylene cracker in Ingleside, Texas
Monday, 27 Feb 2017 04:05pm EST 

Occidental Petroleum Corp :Occidental petroleum and mexichem announce startup of their joint venture ethylene cracker in ingleside, texas.  Full Article

OCCIDENTAL PETROLEUM SETS REGULAR QUARTERLY DIVIDEND OF $0.76/SHARE
Thursday, 16 Feb 2017 01:25pm EST 

Occidental Petroleum Corp :SETS REGULAR QUARTERLY DIVIDEND OF $0.76 PER SHARE.  Full Article

Occidental Petroleum reports Q4 loss per share of $0.36
Thursday, 9 Feb 2017 07:00am EST 

Occidental Petroleum Corp : Q4 loss per share $0.36 . 2017 capital budget lowered to a range of $3.0 - $3.6 billion . Chemical pre-tax results for Q4 of 2016 were earnings of $152 million compared to earnings of $117 million for Q3 of 2016 . Qtrly core results were a loss of $97 million or $0.13 per diluted share . Average worldwide realized crude oil prices were $45.08 per barrel for Q4 of 2016, an increase of 9 percent compared with Q3 of 2016 . Qtrly total average daily production volumes for oil and gas were 607,000 boe compared to 605,000 BOE for third quarter of 2016 . Qtrly revenues $2,826 million versus $2,843 million .Q4 earnings per share view $-0.02, revenue view $2.71 billion -- Thomson Reuters I/B/E/S.  Full Article

Occidental Petroleum replaces nearly 190 percent of 2016 production
Monday, 6 Feb 2017 04:05pm EST 

Occidental Petroleum Corp : Occidental Petroleum replaces nearly 190 percent of 2016 production . Occidental Petroleum Corp says 2016 year-end proved reserves of 2.4 billion BOE, an increase of over 9 percent . Occidental Petroleum Corp says total company reserves replacement ratio of nearly 190 percent, with Permian resources replacing approximately 290 percent . Occidental Petroleum Corp says 2016 preliminary domestic proved reserves totaled 1.4 billion BOE compared to 1.3 billion BOE at end of 2015 . Occidental Petroleum Corp says in 2016, Occidental's domestic operations had proved reserves additions from all sources of 192 million BOE . Occidental Petroleum Corp says as of December 31, 2016, company's proved reserves consisted of 56 percent oil, 17 percent NGL and 27 percent gas .Occidental Petroleum says as of Dec 31, 2016, of total proved reserves, about 56 percent is in United States and 44 percent in international locations.  Full Article

Occidental Petroleum announces Permian Basin Resources and EOR acquisitions
Monday, 31 Oct 2016 04:06pm EDT 

Occidental Petroleum Corp - : Occidental Petroleum announces Permian Basin Resources and EOR acquisitions . Total purchase price for these transactions is approximately $2 billion . Total purchase price has been funded from existing cash on hand. .Leasehold acquisition includes approximately 35,000 net acres in Reeves and Pecos Counties, Texas, in southern Delaware Basin.  Full Article

Occidental Petroleum CEO expects continued dividend growth
Wednesday, 3 Aug 2016 12:02pm EDT 

Occidental Petroleum Corp : Chief Executive Vicki Hollub says expects oil price environment to be 'challenging' through 2017 . CEO says most cost reductions come from efficiency gains, not lower service prices . CEO says does not expect to exceed $3 billion capex budget for 2016 . CEO says interested in buying additional EOR assets . CEO says asset prices seem 'excessive' now considering low oil prices .CEO says expect continued growth in dividend.  Full Article

Occidental Petroleum announces dividend
Thursday, 14 Jul 2016 12:51pm EDT 

Occidental Petroleum Corp : Occidental Petroleum announces dividend .Authorized an increase of company's dividend to an annual rate of $3.04 per share, from previous annual rate of $3.00 per share.  Full Article

Ecuador, Occidental Petroleum Corp close to payment deal for arbitration award -Correa - Reuters
Friday, 20 Nov 2015 11:55am EST 

Occidental Petroleum Corp:Ecuador is in the final stages of an agreement with Occidental Petroleum Corp to pay the roughly $1 billion required by a World Bank tribunal for seizing the company's assets, President Rafael Correa was quoted on Friday as saying - RTRS.In 2012, the International Center for Settlement of Investment Disputes awarded Occidental $1.77 billion. The award was cut by 40 percent earlier this month - RTRS."The conversations are very advanced and we have practically come to an agreement for the payment," Correa said in an interview with local press, without offering further details - RTRS.Ecuador seized the field known as Block 15 from Occidental in 2006, arguing that its sale to Andes Petroleum had been carried out without government consent - RTRS.At the time of the contract termination, Occidental was Ecuador's largest oil investor, extracting around 100,000 barrels of oil per day - RTRS.  Full Article

Occidental Petroleum corp announces dividend
Thursday, 8 Oct 2015 02:19pm EDT 

Occidental Petroleum corp:Declared a regular quarterly dividend of $.75 per share on common stock payable on January 15, 2016, to stockholders of record as of December 10, 2015.  Full Article

Occidental Petroleum Corp announces issue of senior notes - Form 8-K
Tuesday, 23 Jun 2015 04:24pm EDT 

Occidental Petroleum Corp:Enters into an underwriting agreement with Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Wells Fargo Securities, LLC.Pursuant to which Occidental agreed to issue and sell to the Underwriters $750 mln aggregate principal amount of its 3.500 pct senior notes due 2025 and $750 mln aggregate principal amount of its 4.625 pct senior notes due 2045.Public offering price was 99.742 pct of the principal amount in the case of the 2025 Notes and 98.929 pct of the principal amount in the case of the 2045 Notes.Net proceeds of approximately $1.48 billion, after deducting underwriting discounts and estimated offering expenses, will be used for general corporate purposes.  Full Article

More From Around the Web

Occidental starts to suspend Colombia production after rebel attacks

BOGOTA, March 1 Crude oil production at the Cano Limon field, operated by US-based Occidental Petroleum Corp in northern Colombia, is being gradually suspended after an escalation of rebel attacks on its pipeline, military and oil industry sources said on Wednesday.