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Occidental Petroleum Corp. - OXY STOCK NEWS

Welcome to our dedicated news page for Occidental Petroleum (Ticker: OXY), a resource for investors and traders seeking the latest updates and insights on Occidental Petroleum.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Occidental Petroleum's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Occidental Petroleum's position in the market.

Rhea-AI Summary
Occidental (NYSE: OXY) to announce first quarter 2024 financial results on May 7, 2024, with a conference call scheduled for May 8, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.67%
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Rhea-AI Summary
Occidental (NYSE: OXY) announced its fourth quarter 2023 financial results. The earnings release and financial schedules are available on oxy.com and sec.gov. A conference call to discuss the results will be held on February 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.9%
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News
Rhea-AI Summary
Occidental (NYSE: OXY) has declared a regular quarterly dividend of $0.22 per share on common stock, payable on April 15, 2024, to stockholders of record as of the close of business on March 8, 2024. The new annual dividend rate is $0.88 per share, marking an increase from the previous rate of $0.72 per share.
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Rhea-AI Sentiment
End-of-Day
0.75%
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dividends
Rhea-AI Summary
Occidental (NYSE: OXY) will announce its fourth quarter 2023 financial results on February 14, 2024, followed by a conference call on February 15, 2024, to discuss the results. The call can be accessed via phone or webcast, with financial results available on the company's website. Participants can pre-register for the call and a recording of the webcast will be posted on the website afterward.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.63%
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Rhea-AI Summary
Occidental (NYSE: OXY) announced the acquisition of CrownRock L.P., a joint venture of CrownQuest Operating LLC and Lime Rock Partners, for approximately $12.0 billion. The acquisition is expected to generate immediate free cash flow accretion and expand Occidental’s scale in the Midland Basin. It will also add high-margin, lower-decline unconventional production of approximately 170 Mboed in 2024 and supports a 22% increase in the quarterly dividend to $0.22 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.04%
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Rhea-AI Summary
Occidental (NYSE: OXY) and BlackRock (NYSE: BLK) announced a $550 million investment to develop STRATOS, the world’s largest Direct Air Capture (DAC) facility, designed to capture up to 500,000 tonnes of CO2 per year in Texas. Construction is 30% complete, with commercial operation expected in mid-2025. The project is set to employ over 1,000 people during construction and up to 75 once operational.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.58%
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none
Rhea-AI Summary
OXY: Occidental Announces Q3 2023 Financial Results, Conference Call on Nov 8, 2023
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Rhea-AI Sentiment
End-of-Day
1.58%
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Rhea-AI Summary
1PointFive and TD Bank Group announce a purchase of carbon dioxide removal credits from STRATOS, 1PointFive's first Direct Air Capture plant in Texas. TD Securities will purchase 27,500 metric tons of DAC CDR credits over four years, representing one of the largest purchases of DAC CDR credits by a financial institution. STRATOS aims to capture and remove up to 500,000 metric tons of CO2 each year. TD Securities expects to add to its portfolio of voluntary carbon offsets and use a portion of the credits to offset its own operational emissions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.73%
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none
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Rhea-AI Summary
Occidental (NYSE: OXY) has declared a regular quarterly dividend of $0.18 per share on common stock. The dividend will be payable on January 16, 2024, to stockholders of record as of December 8, 2023.
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Rhea-AI Sentiment
End-of-Day
0.23%
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dividends
Rhea-AI Summary
Occidental to announce Q3 2023 financial results
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Rhea-AI Sentiment
End-of-Day
3.33%
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Occidental Petroleum Corp.

NYSE:OXY

OXY Rankings

OXY Stock Data

61.17B
876.37M
28.27%
52.04%
5.56%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
US
Houston

About OXY

occidental petroleum corporation (nyse:oxy) is an international oil and gas exploration and production company — one of the largest in the u.s., based on market capitalization — and our oxychem subsidiary is a major north american chemical manufacturer. oxy is an industry leader in applying advanced technology to boost production and access hard-to-recover reserves. with more than 40,000 employees and contractors worldwide, we are committed to being the employer, partner and neighbor of choice. oil and natural gas operations are the core of oxy’s business. our exploration and production activities are concentrated in three geographic regions: the united states, middle east region and latin america. in each of these regions, we focus on long-lived, “legacy” oil and gas assets with long-term production growth potential. oxy is well-positioned for success in today’s dynamic and complex business environment. occidental chemical corporation (oxychem) is a leading north american manufa