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Occidental Petroleum Corp (OXY)

OXY on New York Consolidated

68.32USD
23 Feb 2018
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$0.40 (+0.59%)
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Latest Key Developments (Source: Significant Developments)

Occidental Petroleum Sees Oil & Gas 2018 Total Production Of 640,000 Boed – 665,000 Boed
Tuesday, 13 Feb 2018 04:46pm EST 

Feb 13 (Reuters) - Occidental Petroleum Corp ::OCCIDENTAL PETROLEUM CORP - SEES OIL & GAS SEGMENT FY 2018 TOTAL PRODUCTION OF 640,000 BOED – 665,000 BOED.OCCIDENTAL PETROLEUM CORP - SEES OIL & GAS SEGMENT FY 2018 PERMIAN RESOURCES PRODUCTION OF 195,000 BOED – 209,000 BOED.OCCIDENTAL PETROLEUM CORP - SEES OIL & GAS SEGMENT FY 2018 INTERNATIONAL PRODUCTION OF 286,000 BOED – 297,000 BOED.OCCIDENTAL PETROLEUM CORP - SEES OIL & GAS SEGMENT Q1 TOTAL PRODUCTION OF 592,000 BOED – 603,000 BOED.OCCIDENTAL PETROLEUM CORP - SEES OIL & GAS SEGMENT Q1 PERMIAN RESOURCES PRODUCTION OF 169,000 BOED – 173,000 BOED.OCCIDENTAL PETROLEUM CORP - SEES $200 MILLION - $300 MILLION PRE-TAX INCOME IN 2018 FOR MIDSTREAM.OCCIDENTAL PETROLEUM CORP SEES FOR CHEMICAL SEGMENT, ABOUT $250 MILLION PRE-TAX INCOME IN Q1 AND ABOUT $1,000 MILLION PRE-TAX INCOME IN 2018‍​.OCCIDENTAL PETROLEUM CORP SEES EXPLORATION EXPENSE FOR Q1 2018 ABOUT $20 MILLION.OCCIDENTAL PETROLEUM CORP SEES EXPLORATION EXPENSE FOR FY 2018 ABOUT $150 MILLION.OCCIDENTAL PETROLEUM-CURRENT CASH BALANCE TO FUND PLAN TO BREAKEVEN ASSUMING $50 WTI IN 2018; DON'T ANTICIPATE INCREASING DEBT LEVELS TO ACHIEVE PLAN‍​.OCCIDENTAL PETROLEUM SAYS OCCIDENTAL’S FIRST CLIMATE REPORT WILL BE RELEASED IN Q1 2018.  Full Article

Occidental Petroleum Qtrly Core Earnings Per Share $0.41
Tuesday, 13 Feb 2018 04:15pm EST 

Feb 13 (Reuters) - Occidental Petroleum Corp ::OCCIDENTAL PETROLEUM ANNOUNCES 2017 RESULTS AND 2018 GUIDANCE.QTRLY EARNINGS PER SHARE $0.65.QTRLY CORE EARNINGS PER SHARE $0.41.OCCIDENTAL PETROLEUM - TOTAL AVERAGE DAILY PRODUCTION VOLUMES WERE 621,000 BOE FOR Q4 2017, COMPARED TO 600,000 BOE IN Q3 2017.OCCIDENTAL PETROLEUM-AVERAGE WORLDWIDE REALIZED CRUDE OIL PRICES WERE $53.67 PER BARREL FOR Q4, AN INCREASE OF 16 PERCENT COMPARED WITH THE Q3 OF 2017.OCCIDENTAL PETROLEUM -2018 CAPITAL BUDGET OF $3.9 BILLION, ESTIMATED PRODUCTION GROWTH OF 8 TO 12 PERCENT, WITH 40 PERCENT ANNUAL GROWTH IN PERMIAN RESOURCES‍​.OCCIDENTAL PETROLEUM- CHEMICAL PRE-TAX INCOME FOR Q4 WAS $222 MILLION, COMPARED TO PRE-TAX INCOME OF $200 MILLION IN THE Q3 OF 2017.QTRLY REVENUE $3,588 MILLION VERSUS $2,826 MILLION LAST YEAR.Q4 EARNINGS PER SHARE VIEW $0.41, REVENUE VIEW $3.53 BILLION -- THOMSON REUTERS I/B/E/S.OCCIDENTAL PETROLEUM - Q4 OIL AND GAS PRE-TAX INCOME REFLECTED NON-CASH CHARGES ON NON-CORE PERMIAN ACREAGE OF ABOUT $400 MILLION.  Full Article

Occidental CEO sees 5-8 pct output growth at $50/barrel oil
Thursday, 2 Nov 2017 12:04pm EDT 

Nov 2 (Reuters) - Occidental Petroleum Corp :Chief Executive Vicki Hollub says with oil prices CLc1 at $50/barrel can grow production 5 to 8 percent.CEO says would be open to share buybacks in the future.  Full Article

Occidental Petroleum Corp reports qtrly core earnings per share $0.18
Wednesday, 1 Nov 2017 06:25pm EDT 

Nov 1 (Reuters) - Occidental Petroleum Corp :Occidental Petroleum Corp - reported net income of $190 million, or $0.25 per diluted share, for the third quarter of 2017‍​.Occidental Petroleum Corp qtrly core earnings per share $0.18 ‍​.Occidental Petroleum Corp - q3 average worldwide realized crude oil prices were $46.19 per barrel , a decrease of 1 percent compared with q2 2017.Occidental Petroleum Corp - chemical pre-tax income for q3 2017 of $200 million was negatively impacted by Hurricane Harvey by approximately $60 million‍​.Occidental Petroleum Corp - q3 total average daily production volumes were 600,000 boe, compared to 601,000 boe in the second quarter of 2017.Occidental Petroleum Corp qtrly revenue $2,999‍​ million versus $2,648 million.Q3 earnings per share view $0.11, revenue view $3.09 billion -- Thomson Reuters I/B/E/S.Occidental Petroleum Corp - Hurricane Harvey impacted q3 income by $70 million in chemical and midstream segments.Occidental Petroleum Corp - Hurricane Harvey reduced average daily production by 1,000 barrels of oil equivalent in co's permian resources operations in q3.  Full Article

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

Cleanup underway after Centurion pipeline oil spill in Oklahoma: media

A cleanup is underway after oil spilled into a pond from a pipeline that burst near a neighborhood in Yukon, Oklahoma, early on Sunday, media website news9.com reported.