Occidental Petroleum Corporation: Covenant Quality Post-Sale Snapshot: Senior Notes - $900m 5.875% due 2025/$600m 6.375% due 2028/$1.5bn 6.625% due 2030
CORPORATES ISSUER IN-DEPTH 10 September 2020 Source Documents: Prospectus Supplement: Aug/12/2020 Peer Group: » ENERGY: OIL & GAS - EXPLN & PRODN KEY METRICS: All figures in $ millions unless otherwise noted. Ratios may vary from Moody’s adjusted ratios. This report contains Moody’s analysis of the principal protections and weaknesses of the covenant package of the Notes based on informatiOccidental Petroleum has three reporting segments: oil and gas, which explores for, develops and produces oil and condensate, natural gas liquids (NGL) and natural gas; chemical, which mainly manufactures and markets basic chemicals (chlorine, caustic soda, chlorinated organics, potassium chemicals, ethylene dichloride, chlorinated isocyanurates, sodium silicates and calcium chloride) and vinyls (vinyl chloride monomer, polyvinyl chloride and ethylene); and marketing and midstream, which purchases, markets, gathers, processes, transports and stores oil, condensate, NGL, natural gas, carbon dioxide and power.
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