Occidental Petroleum Corporation announced that on June 3, 2019 the U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended , with respect to the pending acquisition of Anadarko Petroleum Corp. . The termination of the waiting period under the HSR Act satisfies one of the conditions to the closing of the pending acquisition [...]
Outspoken oil and gas trailblazer will share his views of the future of the oil and gas industry with oil company leaders and investors at EnerCom's 24th annual Denver oil and gas investment conference EnerCom is pleased to announce that legendary oilman Harold G. Hamm, chairman and CEO of Continental Resources Inc. , will take the stage for a discussion about U.S. shale and look at the prospects for U.S. oil and gas [...]
OXY CFO will deliver the EnerCom luncheon keynote Aug. 12, 2019 EnerCom is pleased to announce that Senior Vice President and Chief Financial Officer of Occidental Petroleum Corp. Cedric Burgher will deliver the luncheon keynote address on Monday, August 12, 2019, at EnerCom's The Oil & Gas Conference® in downtown Denver's Westin hotel. Mr. Burgher joined Occidental in May 2017 bringing more than 25 years of [...]
EnerCom has posted presenting companies for August 11-14 oil and gas investment conference EnerCom, Inc. is pleased to announce that registration is open for the 24th annual edition of its popular The Oil & Gas Conference® in Denver, Colo. This year's oil and gas investment conference will be held August 11-14, 2019, at the Westin Denver Downtown hotel. Buyside investors and oil and gas company professionals may [...]
Occidental Petroleum Corporation today entered into a definitive agreement whereby Occidental will acquire Anadarko Petroleum Corp. for $59.00 in cash and 0.2934 shares of Occidental common stock per share of Anadarko common stock, in a transaction valued at $57 billion, including the assumption of Anadarko’s debt. “This exciting transaction will create a global energy leader with a world-class portfolio [...]
Occidental Petroleum Corp. said today that its Board of Directors has declared a regular quarterly dividend of $0.78 per share on common stock payable on July 15, 2019, to stockholders of record as of June 10, 2019. Occidental has paid quarterly dividends continuously since 1975 and has increased its dividend each year since 2002. The current annual rate is $3.12 per share. About Occidental Occidental is an international [...]
Anadarko Petroleum Corp. today announced that its board of directors, in consultation with its financial and legal advisors, has unanimously determined that the revised acquisition proposal it received from Occidental Petroleum Corp. on May 5, 2019 constitutes a "Superior Proposal" as defined in Anadarko's previously announced merger agreement with Chevron Corp. . Under the terms of the Revised Occidental Proposal [...]
Occidental Petroleum Corp. today announced its first quarter 2019 results. The announcement and financial schedules can be accessed via the Investor Relations section of the company’s website, oxy.com. The company has moved its conference call to Monday, May 6, 2019, at 8 a.m. Eastern/7 a.m. Central. The conference call may be accessed by calling 1-866-871-6512 or via webcast at oxy.com/investors. A recording of the [...]
Today, Occidental Petroleum Corporation delivered a letter to the Board of Directors of Anadarko Petroleum Corporation setting forth the terms of a revised and significantly enhanced superior proposal to acquire Anadarko for $76.00 per share comprised of $59.00 in cash and 0.2934 shares of Occidental common stock per share of Anadarko common stock. The revised proposal, which has been unanimously approved by the [...]
Occidental Petroleum Corporation announced today that, in connection with Occidental’s proposal to acquire Anadarko Petroleum Corp. , it has entered into a binding agreement to sell Anadarko’s Algeria, Ghana, Mozambique and South Africa assets to Total S.A. for $8.8 billion. The sale is contingent upon Occidental entering into and completing its proposal to acquire Anadarko, and would be expected to close [...]
Occidental Petroleum Corp. announced today that, in connection with the financing of Occidental’s proposal to acquire Anadarko Petroleum Corp. , Berkshire Hathaway, Inc. has committed to invest a total of $10 billion in Occidental. The investment is contingent upon Occidental entering into and completing its proposed acquisition of Anadarko. Berkshire Hathaway will receive 100,000 shares of Cumulative Perpetual [...]
HOUSTON, April 29, 2019 /PRNewswire/ -- Anadarko Petroleum Corp. today announced that it intends to resume negotiations with Occidental Petroleum Corp. in response to Occidental's proposal to acquire Anadarko, which was announced by Occidental on April 24, 2019 . As disclosed previously, Anadarko entered into a definitive merger agreement with Chevron Corp. on April 11, 2019 . Anadarko is resuming its earlier negotiations [...]