Occidental announced today that Vicky A. Bailey, President of Anderson Stratton International, LLC and a former equity partner of BHMM Energy Services, LLC, has been elected to its Board of Directors, effective March 22, 2022. Ms. Bailey has more than 35 years of experience within the energy sector. In addition to her role as President of ASI, a strategic consulting and government relations entity, she was a founding [...]
SK Trading International may purchase up to 200,000 barrels of net-zero oil per year for five years to develop net-zero products, such as lower-carbon aviation fuel Net-zero oil expected to be created by Occidental using environmental attributes generated from carbon dioxide removed from the atmosphere by 1PointFive's planned Direct Air Capture facility HOUSTON and SEOUL, South Korea, March 22, 2022 -- Occidental today [...]
1PointFive, a subsidiary of Occidental's Oxy Low Carbon Ventures business, announced today the sale of 400,000 tonnes of carbon removal credits from its planned first Direct Air Capture facility using Carbon Engineering's DAC solution to aerospace leader Airbus . Under the agreement, Airbus has pre-purchased the capture and permanent sequestration of 100,000 tonnes of carbon dioxide from the atmosphere each year for four [...]
Occidental today announced the tender results of its offers to purchase for cash its outstanding notes listed in the tables below in two separate pools . The Offers were made on the terms and subject to the conditions set forth in the Offer to Purchase dated February 28, 2022 . In connection therewith, Occidental further announced that it is increasing the maximum aggregate purchase price of Pool 1 Notes it will accept [...]
Occidental today announced that it has commenced cash tender offers to purchase its outstanding notes listed in the tables below in two separate pools . Occidental's obligation to accept for purchase, based on the Acceptance Priority Levels set forth in the columns entitled "Acceptance Priority Level" in the tables below, and pay for Notes that are validly tendered and not validly withdrawn is limited to an aggregate [...]
Occidental announced today that its Board of Directors has declared a regular quarterly dividend of $0.13 per share on common stock, payable on April 15, 2022, to stockholders of record as of the close of business on March 10, 2022. On an annual basis, the dividend is $0.52 per share at the new rate, compared to the previous annual rate of $0.04 per share. "As we continue to reduce our net debt and strengthen our balance [...]
Occidental today announced its fourth quarter 2021 financial 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 U.S. Securities and Exchange Commission's website at sec.gov. The company will hold a conference call on Friday, February 25, 2022, at 1 p.m. Eastern/12 p.m. Central. The conference [...]
Occidental will announce its fourth quarter 2021 financial results after close of market on Thursday, February 24, 2022, and will hold a conference call to discuss results on Friday, February 25, 2022, 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 [...]
Occidental will host its OLCV Investor Update via conference call and webcast on Wednesday, March 23, 2022, at 10 a.m. Eastern/9 a.m. Central. The event will include a presentation and Q&A session. The event will provide a detailed update on Occidental's low-carbon strategy and will focus on the technology, commercialization, capitalization and development of direct air capture . The event will also provide an overview of [...]
Occidental today announced the tender results of its offers to purchase for cash of its outstanding notes listed in the table below . The Offers were made on the terms and subject to the conditions set forth in the Offer to Purchase dated December 2, 2021 . Capitalized terms used in this release but not otherwise defined have the meaning given in the Offer to Purchase. The Offers expired at 5:00 p.m., New York City time [...]
Occidental today announced that it has commenced cash tender offers to purchase up to a maximum combined aggregate purchase price of $2.0 billion, including principal and premium but excluding accrued and unpaid interest of its outstanding notes listed in the table below . Subject to the Maximum Purchase Price, the amount of a Series of Notes that is purchased in the Offers will be based on the Acceptance Priority Levels [...]
Oxy Low Carbon Ventures , a subsidiary of Occidental , announced today it awarded a services contract to Worley for a facility being designed to produce renewable fuels in British Columbia by capturing carbon dioxide from the atmosphere. Using Carbon Engineering's Direct Air Capture and AIR TO FUELS™ technologies, the facility is expected to produce up to 100 million litres of ultra-low carbon fuel annually for the local [...]
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