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 [...]
LONDON, April 7, 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 plc (NYSE: BP), Occidental Petroleum Corp. (NYSE: OXY), Gevo Inc. (NASDAQ: GEVO), and Concho Resources Inc. (NYSE: CXO). Free research report on Exxon Mobil can be accessed at [...]
Occidental Petroleum Corporation (NYSE:OXY) said today that its Board of Directors has declared a regular quarterly dividend of $.72 per share on common stock payable on April 15, 2015, to stockholders of record as of March 10, 2015. Occidental has paid quarterly dividends continuously since 1975. The current annual rate is $2.88 per share. About Occidental Petroleum Occidental Petroleum Corporation is an [...]
Occidental Petroleum Corporation (NYSE:OXY) announced today that at year-end 2014, the company's preliminary worldwide proved reserves totaled 2.82 billion barrels of oil equivalent (BOE) compared to 2.74 billion BOE at the end of 2013, restated to exclude California Resources Corporation. In 2014, the company had proved reserve additions from all sources of 380 million BOE, compared to production of 218 million BOE, for [...]
Occidental Petroleum Corporation (NYSE:OXY) announced core income for the fourth quarter of 2014 of $560 million ($0.72 per diluted share), compared with $1.2 billion ($1.46 per diluted share) for the fourth quarter of 2013. The fourth quarter of 2014 had a reported loss of $3.4 billion ($4.41 per diluted share), compared with income of $1.6 billion ($2.04 per diluted share) for the fourth quarter of 2013. The spin-off of [...]
Occidental Petroleum Corporation (NYSE:OXY) will hold a conference call on Thursday, January 29, 2015, at 10 a.m. Eastern, following the release of its fourth quarter 2014 financial results. The conference call may be accessed by calling 1-877-270-2148 (international callers dial 1-412-902-6510) or via webcast at http://www.oxy.com/. Participants may pre-register for the conference call at http://dpregister.com/10058234 [...]
Occidental Petroleum Corporation (NYSE:OXY) today announced it has completed the spin-off of its subsidiary California Resources Corporation (NYSE:CRC). California Resources, which begins “regular way” trading today on the New York Stock Exchange as a stand-alone company, is an independent oil and natural gas exploration and production company focused on high-growth, high-return conventional and unconventional assets [...]
Editor Note: For more information about this release, please scroll to bottom. LONDON, November 10, 2014 /PRNewswire/ -- Investor-Edge has initiated coverage on the following equities: Exxon Mobil Corp. (NYSE: XOM), Occidental Petroleum Corp. (NYSE: OXY), Cenovus Energy Inc. (NYSE: CVE), Suncor Energy Inc. (NYSE: SU), and Hess Corp. (NYSE: HES). Free research on these five companies can be accessed at [...]
Occidental Petroleum Corporation (NYSE: OXY) today announced the entrance into an agreement with Plains All American Pipeline, L.P. (PAA) and Plains GP Holdings, L.P. (PAGP) to sell its 50 percent interest in BridgeTex Pipeline Company, LLC (BridgeTex) to PAA for $1.075 billion. BridgeTex, a company jointly owned by Occidental and Magellan Midstream Partners, L.P., owns the BridgeTex Pipeline, a 300,000 barrel-per-day [...]
TULSA, Okla., Nov. 6, 2014 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has entered into a definitive agreement to acquire a 40-mile crude oil pipeline system in the Houston Gulf Coast area from BridgeTex Pipeline Company, LLC, a company owned jointly by Magellan and Occidental Petroleum Corp. (NYSE: OXY). "The acquisition of this crude oil pipeline will further solidify Magellan's [...]
Occidental Petroleum Corporation (NYSE:OXY) announced core income for the third quarter of 2014 of $1.2 billion ($1.58 per diluted share), compared with $1.6 billion ($1.97 per diluted share) for the third quarter of 2013. Reported income was $1.2 billion ($1.55 per diluted share) for the third quarter of 2014, compared with $1.6 billion ($1.96 per diluted share) for the third quarter of 2013. In announcing the results [...]