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Occidental Petroleum Corp (OXY)

OXY on New York Consolidated

71.90USD
28 Sep 2016
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Latest Key Developments (Source: Significant Developments)

Noble Energy, Marathon Oil weighing bids for Silver Hill Energy Partners - Bloomberg, citing source
Thursday, 15 Sep 2016 04:45pm EDT 

: Noble Energy, Marathon Oil weighing bids for Silver Hill Energy Partners, that could fetch more than $2 Billion in a sale - Bloomberg, citing source . Occidental Petroleum Corp. is also considering an offer for Silver Hill Energy Partners - Bloomberg, citing source Source : [ID:http://bloom.bg/2cbnUTn] ((Bangalore.newsroom@thomsonreuters.com;)).  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

Occidental Petroleum Corporation gives FY 2015 production guidance
Wednesday, 6 May 2015 07:00am EDT 

Occidental Petroleum Corporation:Says that it is raising guidance for FY 2015.Expects average production to grow between 60,000 and 80,000 BOE per day compared to the FY 2014 rate of 591,000 BOE per day.  Full Article

Occidental Petroleum Corporation increases dividend
Tuesday, 5 May 2015 04:05pm EDT 

Occidental Petroleum Corporation:Increases company's dividend to an annual rate of $3.00 per share, from the previous annual rate of $2.88 per share.Says $0.75 per share quarterly dividend will bepayable on July 15 to stockholders of record as of June 10.  Full Article

Occidental Petroleum Corp elects Eugene L. Batchelder chairman
Friday, 1 May 2015 01:37pm EDT 

Occidental Petroleum Corp:Says board of directors elected Eugene L. Batchelder non-executive chairman, succeeding Ambassador Edward P. Djerejian, who has retired from board.  Full Article

Occidental Petroleum Corp pays Peru indigenous confidential sum in Amazon pollution settlement - AP
Wednesday, 4 Mar 2015 07:00pm EST 

Occidental Petroleum Corp:Indigenous communities that sued Occidental Petroleum over contamination in Peru’s northern Amazon have reached an out-of-court settlement in which the company will pay them an undisclosed sum - The Associated Press.The amount is confidential, under a settlement that was reached in 2013 in Los Angeles federal court but not announced until March 5.The money is to fund community development projects.Five Achuar communities, along with the environmental group Amazon Watch, sued Occidental in 2007, alleging the company spilled oil and dumped toxic byproducts in their territory over three decades ending in 2001, causing premature deaths, birth defects and other health problems.The pollution caused 'death, generalized contamination and destruction of the Achuar way of life.Amazon Watch says a report it issued in 2007 found elevated levels of lead and cadmium in Achuar children’s blood.The contamination occurred in the Corrientes river basin near Ecuador in a lot spanning more than 1 mln acres (400,000 hectares) of virgin rainforest where Occidental drilled more than 150 wells after signing a 1971 contract with Peru’s government, according to EarthRights International.  Full Article

BRIEF-Noble Energy, Marathon Oil weighing bids for Silver Hill Energy Partners - Bloomberg, citing source

* Noble Energy, Marathon Oil weighing bids for Silver Hill Energy Partners, that could fetch more than $2 Billion in a sale - Bloomberg, citing source