Occidental announced today that its Board of Directors has declared a regular quarterly dividend of $0.18 per share on common stock, payable on July 14, 2023, to stockholders of record as of the close of business on June 9, 2023. About Occidental Occidental is an international energy company with assets primarily in the United States, the Middle East and North Africa. We are one of the largest oil producers in the U.S [...]
NET Power, LLC and Rice Acquisition Corp. II today announced an additional $275 million of PIPE commitments in connection with their proposed business combination. Occidental has increased its commitment to the PIPE by $250 million, bringing its total investment to $350 million, while the Rice family has committed an additional $25 million to the PIPE, bringing their total investment to $125 million. The new commitments [...]
Occidental will announce its first quarter 2023 financial results after close of market on Tuesday, May 9, 2023, and will hold a conference call to discuss results on Wednesday, May 10, 2023, at 1 p.m. Eastern/12 p.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 [...]
1PointFive, a carbon capture, utilization and sequestration company, and the Houston Astros, announced today the team has agreed to purchase carbon dioxide removal credits from 1PointFive's Direct Air Capture plant under construction in Ector County, Texas. This progressive agreement is a demonstration of the Astros commitment to continuous improvement of their fan experience via environmental investment. DAC is a [...]
1PointFive, a carbon capture, utilization and sequestration company, announced it has leased, through an affiliate, more than 55,000 acres along the Texas Gulf Coast, to develop a carbon capture and sequestration hub with the capacity to hold approximately 1.2 billion metric tons of carbon dioxide . 1PointFive leverages the carbon management experience of its parent company Occidental. The Bluebonnet Hub is located in [...]
Occidental today announced its fourth quarter 2022 financial results. The earnings release and accompanying 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 U.S. Securities and Exchange Commission's website at sec.gov. The company will hold a conference call to discuss the results on Tuesday, February 28, 2023, at 1 p.m [...]
Occidental announced today that its Board of Directors has declared a regular quarterly dividend of $0.18 per share on common stock, payable on April 17, 2023, to stockholders of record as of the close of business on March 10, 2023. On an annual basis, the dividend is $0.72 per share at the new rate, compared to the previous annual rate of $0.52 per share. About Occidental Occidental is an international energy company [...]
Occidental announced today that Ken Robinson, who currently serves on the Boards of Directors for Abercrombie & Fitch, Paylocity and Morgan Stanley U.S. Banks, and formerly served as Senior Vice President of Audit and Controls at Exelon Corporation, has been elected to its Board of Directors, effective as of February 16, 2023. "Ken's impressive 40 plus-year career consists of senior leadership roles within global finance [...]
Occidental announced today that Claire O'Neill, former Member of Parliament and Minister for Energy and Clean Growth in the UK Government, and a former Managing Director, Climate and Energy of the World Business Council for Sustainable Development , has been elected to its Board of Directors, effective as of January 17, 2023. Ms. O'Neill's appointment increases the size of the Board from eight to nine directors. She will [...]
Occidental will announce its fourth quarter 2022 financial results after close of market on Monday, February 27, 2023, and will hold a conference call to discuss results on Tuesday, February 28, 2023, at 1 p.m. Eastern/12 p.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 [...]
1PointFive, a subsidiary of Occidental's Low Carbon Ventures business, today announced an agreement and sponsorship with the Houston Texans whereby the Texans have agreed to purchase carbon dioxide removal credits from 1PointFive's first Direct Air Capture plant, which is expected to be operational in late 2024. The CO2 removal credits would allow the Texans to offset the estimated carbon emissions for the team's future [...]
Enbridge Inc. and Oxy Low Carbon Ventures , a subsidiary of Occidental , today announced that the parties intend to work towards jointly developing a carbon dioxide sequestration hub in the Corpus Christi area of the Texas Gulf Coast. Enbridge and OLCV signed a letter of intent to explore this joint project, which would provide a complete CO2 solution for area emitters through the development of a pipeline transportation [...]
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