Occidental Petroleum Corp. today announced the successful completion of its acquisition of Anadarko Petroleum Corp. in a transaction valued at $55 billion, including the assumption of Anadarko’s debt. “With Anadarko’s world-class asset portfolio now officially part of Occidental, we begin our work to integrate our two companies and unlock the significant value of this combination for shareholders,&rdquo [...]
BOGOTÁ, Ecopetrol S.A. announced today that it formed a joint venture with Occidental Petroleum Corp. to develop 97,000 net acres of Occidental's Midland Basin properties in the Permian Basin. The JV enables Ecopetrol to book ~160 MMboe of proved undeveloped reserves at transaction closing and provides access to one of the most prolific resource plays in the world. The JV will progressively increase production [...]
Occidental Petroleum Corp. today announced its second 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 Thursday, August 1, 2019, at 12 p.m. Eastern/11 a.m. Central. The [...]
EnerCom's 24th The Oil & Gas Conference® brings top public and private E&Ps, a European supermajor, and oilfield service and royalty companies to Denver, Aug. 11-14, 2019 EnerCom Updates Panel Presenters on Day Three of the Oil & Gas Conference One of the largest independent upstream oil and gas-focused investor conferences—The Oil & Gas Conference®—will take place Aug. 11-14, 2019, at the Denver [...]
Occidental Petroleum Corp. today mailed a letter to shareholders in connection with definitive proxy materials it has filed with the Securities and Exchange Commission in response to materials filed by Carl Icahn. The letter and other materials are available at voteforoccidental.com. Occidental is on a clear path to enhance value creation through the pending acquisition of Anadarko Petroleum Corporation and the Company [...]
Occidental Petroleum Corp. said today that its Board of Directors has declared an increase of the company’s regular quarterly dividend to $0.79 per share. On an annual basis, the dividend is $3.16 per share at the new rate, compared to the previous annual rate of $3.12 per share. The $0.79 per share quarterly dividend will be payable on October 15, 2019, to stockholders of record as of the close of business on [...]
Occidental Petroleum Corp. announced today that Robert “Bob” M. Shearer, a former managing director of BlackRock Advisors LLC, has been elected to its Board of Directors. Mr. Shearer, 64, has over 35 years of experience in securities and leading investment management firms. Before retiring from BlackRock in 2017, he was co-head of BlackRock’s Equity Dividend team and a member of the Fundamental Equity [...]
Occidental Petroleum Corp. will announce its second quarter 2019 financial results after close of market on Wednesday, July 31, 2019, and will hold a conference call to discuss results on Thursday, August 1, 2019, at 12 p.m. Eastern/11 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 Petroleum Corp. today issued the following statement in response to the materials filed by Carl Icahn: We maintain an open dialogue with all our shareholders and welcome constructive input toward our shared goal of maximizing long-term value. Our Board is committed to acting in the best interests of Occidental shareholders and will continue to take actions to drive value on their behalf. We remain focused on [...]
60 Oil & Gas industry leaders are slated for the first two days of EnerCom's 24<sup>th</sup> Denver conference EnerCom has released the presentation schedule for the oil and gas companies presenting at its 24th annual The Oil & Gas Conference® on Aug. 11-14, 2019, in Denver, Colorado. Day One Presenting Companies at the 2019 EnerCom Conference Aug. 12, 2019, the first day of the EnerCom conference presentation schedule, features a large, established group of operators working across North America's shale basins and internationally, including: Cabot Oil & Gas – – one of the largest Marcellus-focused gas producers; Cabot's 2019 capital budget is approximately $800 million; for 2019 Cabot plans to drill and complete 85 to 90 net wells and place 80... [...]
Benefit from the energy industry insight of an international integrated energy major EnerCom is pleased to announce that global oil and gas giant Eni, SpA Vice President Andrew Lees will deliver the keynote luncheon address at EnerCom's The Oil & Gas Conference® on Aug. 14, 2019. Eni, SpA Eni, SpA is an Italian global oil and gas and energy company operating in 67 countries worldwide, with 30,000 employees in [...]
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 [...]
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