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Occidental Petroleum Corp (OXY)

OXY on New York Consolidated

59.63USD
27 Jun 2017
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Latest Key Developments (Source: Significant Developments)

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

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

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