Occidental Petroleum Corp. announced today that Andrew Gould, former Chairman and Chief Executive Officer of Schlumberger Ltd., has been elected to its Board of Directors effective March 1, 2020. Mr. Gould has more than 40 years of experience in the oil and gas industry. From 2003 to 2011, he served as Chairman and Chief Executive Officer of Schlumberger, a leading oilfield services company. Mr. Gould began his career at [...]
BOGOTÁ, Ecopetrol S.A. informs that today it completed the joint venture transaction announced last July 31, 2019. Through this deal, the Company and Occidental Petroleum Corp. agreed to form a strategic alliance or Joint Venture for the development of unconventional reservoirs in approximately 97,000 acres of the Permian Basin in the State of Texas . For these purposes, Ecopetrol Permian LLC, 100% owned by [...]
Occidental Petroleum Corp. today provided an update on its speed and momentum executing against key strategic and financial initiatives designed to maximize shareholder value following the close of its acquisition of Anadarko Petroleum on August 8, 2019. Occidental’s incremental progress following third-quarter earnings includes: Ecopetrol Joint Venture: Occidental has completed the transaction to form its [...]
Occidental Petroleum Corp. said today that its Board of Directors has declared a regular quarterly dividend of $0.79 per share on common stock payable on January 15, 2020, to stockholders of record as of December 10, 2019. Occidental has paid quarterly dividends continuously since 1975 and has increased its dividend each year since 2002. The current annual rate is $3.16 per share. About Occidental Occidental is an [...]
Occidental Petroleum Corp. today announced its third quarter 2019 results. The announcement and financial schedules can be accessed via the Investor Relations section of the company’s website, oxy.com. The earnings release is also available on the Securities and Exchange Commission’s website at sec.gov. The company will hold a conference call on Tuesday, November 5, 2019, at 11 a.m. Eastern/10 a.m. Central [...]
ANNOUNCES THIRD-QUARTER 2019 Today, Western Midstream Partners, LP announced senior management changes. Effective today, Michael C. Pearl has been named Senior Vice President and Chief Financial Officer, Charles G. Griffie has been named Senior Vice President, Operations and Engineering, Robert W. Bourne has been named Senior Vice President and Chief Commercial Officer, and Catherine A. Green has been named Vice President [...]
Occidental Petroleum Corp. will announce its third quarter 2019 financial results after close of market on Monday, November 4, 2019, and will hold a conference call to discuss results on Tuesday, November 5, 2019, at 11 a.m. Eastern/10 a.m. Central. The conference call may be accessed by calling 1-866-871-6512 or via webcast at oxy.com/investors. Participants may pre-register for the conference call at [...]
Occidental also signed a 12-year power purchase agreement to source solar energy for Permian Basin operations Use of solar energy is expected to reduce the cost and carbon intensity of Occidental’s operations HOUSTON, Oct. 03, 2019 -- Occidental today announced the start-up of the company’s first solar facility to directly power an enhanced oil recovery field operation in the Permian Basin. The company [...]
Occidental Petroleum Corp. today provided an update on its divestiture and deleveraging initiatives following the recent close of its acquisition of Anadarko Petroleum on August 8, 2019. Occidental’s progress includes: Sale of Anadarko’s Mozambique LNG Stake to Total: Occidental has completed the sale of Anadarko’s Mozambique LNG stake to Total S.A. , for $3.9 billion. As previously announced, Occidental [...]
Occidental Petroleum Corp. today announced the expiration and final results of the offers to exchange any and all validly tendered and accepted notes of the 23 series of notes described in the table below for the new notes of a corresponding series to be issued by Occidental as described in the table below and cash and the related solicitation of consents being made by Occidental on behalf of [...]
Occidental Petroleum Corp. today announced that it has obtained the requisite consents applicable to each of the following series of notes to adopt certain proposed amendments to the terms of the corresponding indentures governing such notes: the 4.850% Senior Notes due 2021 issued by Anadarko Petroleum Corp. , the 3.450% Senior Notes due 2024 issued by Anadarko, the 6.950% Senior Notes due 2024 issued by Kerr-McGee [...]
Occidental Petroleum Corp. today announced the commencement of offers to exchange any and all validly tendered and accepted notes of the 23 series of notes described in the below table issued by Anadarko Petroleum Corp. , Anadarko Holding Company, as successor in interest to Union Pacific Resources Group Inc. , Anadarko Finance Company or Kerr-McGee Corporation , as applicable, for notes to be issued by Occidental as [...]
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