Occidental Pet Stock Price, News & Analysis

Occidental (NYSE: OXY) has promoted Richard A. Jackson to Senior Vice President and Chief Operating Officer. In his new role, Jackson will oversee global oil and gas operations, low-carbon integrated technologies, midstream and marketing, and health, safety and environment functions, reporting to CEO Vicki Hollub.

Jackson, who previously served as Senior Vice President and President of U.S. Onshore Resources and Carbon Management Operations since 2020, brings significant experience in operational leadership and low-carbon technologies. He has led Oxy Low Carbon Ventures from its inception, advancing technologies in emissions measurement, carbon utilization, Direct Air Capture, and lithium extraction.

Berkshire Hathaway (NYSE: BRK) has announced a definitive agreement to acquire OxyChem, Occidental's (NYSE: OXY) chemical business, for $9.7 billion in an all-cash transaction. OxyChem specializes in manufacturing commodity chemicals for water treatment, pharmaceuticals, healthcare, and development applications.

Occidental plans to use $6.5 billion of the proceeds to reduce debt, targeting principal debt below $15 billion. The transaction, expected to close in Q4 2025, follows Occidental's CrownRock acquisition announced in December 2023. An Occidental subsidiary will retain OxyChem's legacy environmental liabilities, with Glenn Springs Holdings continuing to manage existing remedial projects.

Occidental (NYSE:OXY) has announced significant progress in its asset divestiture strategy and debt reduction efforts. The company has signed four agreements to divest select Permian Basin assets, generating approximately $950 million in proceeds. This includes multiple transactions totaling $370 million for non-core assets and a $580 million agreement with Enterprise Products Partners for gas gathering assets in the Midland Basin.

Since the December 2023 CrownRock acquisition announcement, total divestitures have reached $4 billion. The company has successfully repaid $7.5 billion in debt since July 2024, demonstrating strong progress in its deleveraging strategy.

Occidental (NYSE: OXY) has announced the release of its second quarter 2025 financial results. The company has made the earnings report available through multiple channels, including their Investor Relations website at oxy.com and the SEC's website.

To discuss these results, Occidental will host a conference call on Thursday, August 7, 2025, at 1 p.m. Eastern/12 p.m. Central. Investors can access the call through a toll-free number or via webcast, with pre-registration available. A recording will be posted on the company's website after the call.

Occidental (NYSE: OXY) has announced its Board of Directors has declared a regular quarterly dividend of $0.24 per share on common stock. The dividend will be paid on October 15, 2025, to stockholders of record as of the close of business on September 10, 2025.

Occidental (NYSE: OXY) has scheduled its second quarter 2025 financial results announcement and conference call. The company will release its Q2 2025 results after market close on Wednesday, August 6, 2025, followed by a conference call on Thursday, August 7, 2025, at 1 p.m. Eastern/12 p.m. Central.

Investors can access the conference call through a toll-free number (1-866-871-6512) or international number (1-412-317-5417). The results and webcast will be available through the company's investor relations website, with a recording posted shortly after the call.

Occidental (NYSE: OXY) and its subsidiary 1PointFive have signed a Strategic DAC Framework Agreement with XRG, ADNOC's investment company, to evaluate a potential joint venture for developing a Direct Air Capture (DAC) facility in South Texas. XRG will consider investing up to $500 million for the development of a facility designed to capture 500,000 tonnes of carbon dioxide annually.

The South Texas DAC Hub, located on King Ranch in Kleberg County, spans approximately 165 square miles with potential to store up to 3 billion tonnes of CO2. The project has already received up to $650 million in support from the U.S. Department of Energy. The facility will be strategically positioned near industrial facilities and energy infrastructure along the U.S. Gulf Coast for CO2 transportation and storage.

Occidental (NYSE: OXY) has announced its first quarter 2025 financial results. The company has made the earnings release and financial schedules available through its Investor Relations website section at oxy.com and on the SEC's website at sec.gov.

A conference call to discuss the results is scheduled for Thursday, May 8, 2025, at 1 p.m. Eastern/12 p.m. Central. Investors can access the call by dialing 1-866-871-6512 (international: 1-412-317-5417) or via webcast at oxy.com/investors. Pre-registration is available at the provided link, and a recording will be posted on the company's Investor Relations website after the call.

Occidental (NYSE: OXY) has announced a regular quarterly dividend payment of $0.24 per share on its common stock. The dividend will be paid on July 15, 2025, to shareholders who are recorded as stockholders as of the close of business on June 10, 2025. This dividend declaration demonstrates Occidental's commitment to providing regular returns to its shareholders through quarterly dividend distributions.