Occidental Announces Third Quarter 2024 Results HOUSTON, Nov. 12, 2024 (GLOBE NEWSWIRE) -- (NYSE: OXY) today announced its third quarter 2024 financial results. The earnings release and accompanying financial schedules can be accessed via the section of the company’s website, . The earnings release is also available on the U.S. Securities and Exchange Commission’s website at sec.gov. The company will hold a conference call to discuss the results on Wednesday, November 13, 2024, at 1 p.m. Eastern/12 p.m. Central. The conference call may be accessed by calling 1-866-871-6512 (internati...
Occidental Announces Dividend HOUSTON, Nov. 06, 2024 (GLOBE NEWSWIRE) -- (NYSE: OXY) announced today that its Board of Directors declared a regular quarterly dividend of $0.22 per share on common stock, payable on January 15, 2025, to stockholders of record as of the close of business on December 10, 2024. About Occidental is an international energy company with assets primarily in the United States, the Middle East and North Africa. We are one of the largest oil and gas producers in the U.S., including a leading producer in the Permian and DJ basins, and offshore Gulf of Mex...
Occidental to Announce Third Quarter Results Tuesday, November 12, 2024; Hold Conference Call Wednesday, November 13, 2024 HOUSTON, Oct. 01, 2024 (GLOBE NEWSWIRE) -- (NYSE: OXY) will announce its third quarter 2024 financial results after close of market on Tuesday, November 12, 2024, and will hold a conference call to discuss the results on Wednesday, November 13, 2024, at 1 p.m. Eastern/12 p.m. Central. The conference call may be accessed by calling 1-866-871-6512 (international callers dial 1-412-317-5417) or via webcast at . Participants may pre-register for the conference call at ....
1PointFive’s South Texas Direct Air Capture Hub Awarded U.S. Department of Energy Funding HOUSTON, Sept. 12, 2024 (GLOBE NEWSWIRE) -- , a wholly owned subsidiary of Occidental, announced today that the U.S. Department of Energy’s Office of Clean Energy Demonstrations (OCED) will provide up to $500 million to support the development of the South Texas Direct Air Capture (DAC) Hub. The award is a milestone in furthering commercial-scale DAC in the United States and validation of Occidental and 1PointFive’s ability to use their decades-long expertise in carbon management to accelerate the vi...
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
Occidental Announces Continued Progress on Debt Reduction and Divestiture Initiatives Achieved $3 billion in principal debt reduction in the third quarter of 2024Public offering of a portion of Occidental’s common units of Western Midstream Partners, LP, raised $700 million, bringing total 2024 year-to-date closed or announced divestments to approximately $1.7 billionFollowing close of the previously announced Delaware Basin Barilla Draw divestiture, which is expected late in the third quarter, Occidental expects a total year-to-date reduction of over $3.8 billion in principal debt HOUSTON...
Occidental Announces Launch of Secondary Offering HOUSTON, Aug. 12, 2024 (GLOBE NEWSWIRE) -- (NYSE: OXY) today announced the launch of an underwritten secondary public offering of 29,560,619 shares of its common stock by CrownRock Holdings, L.P. (the “Selling Stockholder”). Occidental is not offering any shares of common stock in the offering. The Selling Stockholder will receive all of the proceeds from the proposed offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed. J.P. Morgan, Morgan St...
Occidental Announces Second Quarter 2024 Results HOUSTON, Aug. 07, 2024 (GLOBE NEWSWIRE) -- (NYSE: OXY) today announced its second quarter 2024 financial results. The earnings release and accompanying financial schedules can be accessed via the section of the company’s website, . The earnings release is also available on the U.S. Securities and Exchange Commission’s website at sec.gov. The company will hold a conference call to discuss the results on Thursday, August 8, 2024, at 1 p.m. Eastern/12 p.m. Central. The conference call may be accessed by calling 1-866-871-6512 (international...
Occidental Announces Termination of Exchange Offer and Consent Solicitation for CrownRock Notes HOUSTON, Aug. 02, 2024 (GLOBE NEWSWIRE) -- (NYSE: OXY) today announced that it has elected to terminate its previously announced offer to exchange (the “Exchange Offer”) any and all outstanding 5.000% Senior Notes due 2029 (the “CrownRock Notes”) issued by CrownRock, L.P. (“CrownRock”) and CrownRock Finance, Inc. (“CrownRock Finance” and, together with CrownRock, the “CrownRock Notes Issuers”) for up to $376,084,000 aggregate principal amount of new 5.000% Senior Notes due 2029 to be issued by...
Occidental Completes Acquisition of CrownRock HOUSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- (NYSE: OXY) announced today that it has closed its acquisition of CrownRock, L.P. “By completing this transaction, Occidental adds assets that we believe make the best portfolio in our company’s history even stronger and more differentiated. We also welcome new team members who will combine with ours to form a high-performing employee base that is focused on safely and efficiently developing low-emission, low-cost energy,” said President and Chief Executive Officer Vicki Hollub. About Occidental ...
Occidental Announces Progress on Divestiture and Debt Reduction Program Agreed to sell certain Delaware Basin assets in Texas and New Mexico to Permian Resources for approximately $818 million Additional dispositions in 2024 with total purchase price proceeds of approximately $152 million bring total year-to-date proceeds of closed or announced divestments to $970 million Sales proceeds will go toward reducing debt HOUSTON, July 29, 2024 (GLOBE NEWSWIRE) -- (NYSE: OXY) today announced it has agreed to sell certain Delaware Basin assets in Texas and New Mexico to Permian Resource...
Occidental Announces Dividend HOUSTON, July 25, 2024 (GLOBE NEWSWIRE) -- (NYSE: OXY) announced today that its Board of Directors declared a regular quarterly dividend of $0.22 per share on common stock, payable on October 15, 2024, to stockholders of record as of the close of business on September 10, 2024. About Occidental is an international energy company with assets primarily in the United States, the Middle East and North Africa. We are one of the largest oil and gas producers in the U.S., including a leading producer in the Permian and DJ basins, and offshore Gulf of Mexico. Ou...
Moody's Ratings (Moody's) assigned Baa3 ratings to Occidental Petroleum Corporation's ("OXY") proposed offering of senior unsecured notes. Proceeds from the notes will be used to partially finance the pending CrownRock, L.P. acquisition, refinance CrownRock's notes due 2025 and satisfy an exchange o...
Occidental Announces Commencement of Exchange Offer and Consent Solicitation for CrownRock Notes HOUSTON, July 19, 2024 (GLOBE NEWSWIRE) -- (NYSE: OXY) today announced that it has commenced a private exchange offer to certain eligible holders (the “Exchange Offer”) for any and all outstanding 5.000% Senior Notes due 2029 (the “CrownRock Notes”) issued by CrownRock, L.P. (“CrownRock”) and CrownRock Finance, Inc. for up to $376,084,000 aggregate principal amount of new notes to be issued by Occidental (the “Occidental Notes”) and cash. As previously announced, on December 10, 2023, Occide...
Occidental Announces Expiration of Hart-Scott-Rodino Waiting Period for its Acquisition of CrownRock HOUSTON, July 18, 2024 (GLOBE NEWSWIRE) -- (NYSE: OXY) today announced that the waiting period for its acquisition of CrownRock, L.P. (CrownRock, and such transaction, the CrownRock acquisition) under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired. With the expiration of the waiting period, the conditions to closing have been satisfied, other than those that are to be satisfied at closing. The CrownRock acquisition is expected to close in August, after completion of...
Occidental to Announce Second Quarter Results Wednesday, August 7, 2024; Hold Conference Call Thursday, August 8, 2024 HOUSTON, July 02, 2024 (GLOBE NEWSWIRE) -- (NYSE: OXY) will announce its second quarter 2024 financial results after close of market on Wednesday, August 7, 2024, and will hold a conference call to discuss the results on Thursday, August 8, 2024, at 1 p.m. Eastern/12 p.m. Central. The conference call may be accessed by calling 1-866-871-6512 (international callers dial 1-412-317-5417) or via webcast at Participants may pre-register for the conference call at . Second ...
Moody's Ratings (Moody's) has completed a periodic review of the ratings of Occidental Petroleum Corporation and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 17 June 2024 in which Moody's reassessed the appropriateness of the rating...
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