Occidental Petroleum Corporation (NYSE: OXY) announced core income for the third quarter of 2015 of $24 million or $0.03 per diluted share. Reported income was a loss of $3.42 per diluted share for the quarter, including $2.6 billion after tax charges, which reflect the sharp decline in the oil and gas futures price curves, as well as projects that management determined it would cease to pursue. Operating cash flow for [...]
Occidental Petroleum Corporation (NYSE:OXY) said today that its Board of Directors has declared a regular quarterly dividend of $.75 per share on common stock payable on January 15, 2016, to stockholders of record as of December 10, 2015. Occidental has paid quarterly dividends continuously since 1975 and has increased its dividend each year since 2002. The current annual rate is $3.00 per share. About Occidental [...]
Occidental Petroleum Corporation (NYSE:OXY) will hold a conference call on Wednesday, October 28, 2015, at 11 a.m. Eastern, following the release of its third quarter 2015 financial results. The conference call may be accessed by calling 1-866-871-6512 (international callers dial 1-412-317-5417) or via webcast at oxy.com/investors. Participants may pre-register for the conference call at dpregister.com/10072868. All [...]
Occidental Petroleum Corporation (NYSE: OXY) announced core income for the second quarter of 2015 of $165 million ($0.21 per diluted share), compared with $31 million ($0.04 per diluted share) for the first quarter of 2015 and $1.1 billion ($1.38 per diluted share) for the second quarter of 2014. The second quarter of 2015 had reported income of $176 million ($0.23 per diluted share), compared with a reported loss of $218 [...]
Occidental Petroleum Corporation (NYSE:OXY) will hold a conference call on Thursday, July 30, 2015, at 10 a.m. Eastern, following the release of its second quarter 2015 financial results. The conference call may be accessed by calling 1-866-871-6512 (international callers dial 1-412-317-5417) or via webcast at http://www.oxy.com/. Participants may pre-register for the conference call at http://dpregister.com/10068365. All [...]
Occidental Petroleum Corporation (NYSE:OXY) said today that its Board of Directors has declared a regular quarterly dividend of $.75 per share on common stock payable on October 15, 2015, to stockholders of record as of September 10, 2015. Occidental has paid quarterly dividends continuously since 1975 and has increased its dividend each year since 2002. The current annual rate is $3.00 per share. About Occidental [...]
LONDON, May 15, 2015 /PRNewswire/ -- Editor Note: For more information about this release, please scroll to bottom. Investor-Edge has initiated coverage on the following equities: Exxon Mobil Corp. (NYSE: XOM), BP p.l.c (NYSE: BP), Occidental Petroleum Corp. (NYSE: OXY), Ecopetrol S.A. (NYSE: EC), and EnLink Midstream Partners L.P. (NYSE: ENLK). Free research report on Exxon Mobil can be accessed at [...]
Occidental Petroleum Corporation (NYSE:OXY) announced core income for the first quarter of 2015 of $31 million ($0.04 per diluted share), compared with $560 million ($0.72 per diluted share) for the fourth quarter of 2014 and $1.1 billion ($1.38 per diluted share) for the first quarter of 2014. The first quarter of 2015 had a reported loss of $218 million ($0.28 per diluted share), compared with a loss of $3.4 billion [...]
Occidental Petroleum Corporation (NYSE:OXY) announced today that its board of directors has approved a CEO succession plan and promoted Vicki A. Hollub to Senior Executive Vice President of Occidental and President “ Oxy Oil and Gas, responsible for operations in the United States, Middle East region and Latin America. The board plans for Ms. Hollub, who has served as Executive Vice President of Occidental and President [...]
Occidental Petroleum Corporation (NYSE:OXY) announced today that its Board of Directors has authorized an increase of the company ™s dividend to an annual rate of $3.00 per share, from the previous annual rate of $2.88 per share. President and Chief Executive Officer Stephen I. Chazen said, Occidental has now increased its dividend every year for 13 consecutive years, and a total of 14 times during that period. The total [...]
Occidental Petroleum Corp. (NYSE:OXY) announced today that its Board of Directors elected Eugene L. Batchelder non-executive Chairman, succeeding Ambassador Edward P. Djerejian, who has retired from the Board. Mr. Batchelder, 67, joined the Board as an independent director in 2013, and has been serving as a member of the Audit; Environment, Health and Safety; and Management Succession and Talent Development committees. He [...]
Enterprise Products Partners L.P. (NYSE:EPD) today announced it has entered into an agreement with an affiliate of Occidental Petroleum Corporation (NYSE:OXY) to jointly develop a new 150 million cubic feet per day ( MMcf/d ) cryogenic natural gas processing plant to accommodate the growing production of NGL-rich natural gas in the Delaware Basin. The plant will be owned by Delaware Basin Gas Processing LLC ( Delaware [...]