Welcome to our dedicated page for Occidental Pet news (Ticker: OXY), a resource for investors and traders seeking the latest updates and insights on Occidental Pet stock.
Occidental Petroleum Corporation (NYSE: OXY) is an international energy company that produces, markets and transports oil and natural gas, with assets primarily in the United States, the Middle East and North Africa. The company describes itself as one of the largest oil and gas producers in the U.S., including a leading producer in the Permian and DJ basins and offshore Gulf of America, and it emphasizes a focus on carbon management and low-carbon ventures through its Oxy Low Carbon Ventures subsidiary.
The OXY news feed on Stock Titan aggregates company announcements, press releases and other coverage related to Occidental’s operations and corporate actions. Readers can follow updates on quarterly and annual financial results, including earnings releases that the company furnishes on Form 8-K, as well as notices about upcoming earnings conference calls and related earnings considerations that management believes will impact results.
News for Occidental also includes information on dividends declared by the Board of Directors, asset divestitures and acquisitions. Recent examples in the supplied materials include announcements about divestitures of select Permian Basin assets for debt reduction, the acquisition of CrownRock, L.P., and the agreement and subsequent completion of the sale of Occidental’s chemical business, OxyChem, to Berkshire Hathaway Inc. for cash consideration, as reported in joint press releases and Form 8-K filings.
Occidental’s communications often highlight its midstream and marketing segment, its low-carbon ventures, and its efforts to manage its balance sheet through debt reduction and portfolio high-grading. By following the OXY news page, users can track these developments, review official company statements and monitor how Occidental describes its evolving portfolio and strategic priorities over time.
Occidental (NYSE: OXY) plans to begin construction of its first large-scale Direct Air Capture (DAC) plant in Ector County, Texas, in Q3 2022, aiming for operational start-up in late 2024. The facility, once complete, is set to capture up to 500,000 metric tons of CO2 annually, with potential scalability to 1 million metric tons. The project will employ over 1,000 during construction and about 75 once operational, aligning with Occidental’s net-zero strategy. Collaborations with Carbon Engineering and Worley for technology development are highlighted, along with agreements for solar power and carbon credit sales.
Occidental (NYSE: OXY) announced its second quarter 2022 financial results on August 2, 2022. The earnings release is available on Occidental's website and the U.S. SEC site. A conference call for further insights will be held on August 3, 2022, at 1 p.m. Eastern Time. Shareholders can join via phone or webcast, with pre-registration options available. Occidental is a major energy company involved in oil production, midstream marketing, and chemicals, including efforts to advance carbon management and reduce emissions.
Occidental (NYSE: OXY) has declared a quarterly dividend of $0.13 per share on common stock, scheduled for payment on October 17, 2022. Shareholders of record as of September 12, 2022 will be eligible for this dividend. The company, a leading oil producer in the United States with significant operations in the Permian and DJ basins and the Gulf of Mexico, focuses on maximizing the value of its oil and gas assets while advancing carbon management solutions through its Oxy Low Carbon Ventures.
Occidental (NYSE: OXY) will report its second quarter 2022 financial results on August 2, 2022, after market closure. A conference call to discuss these results is scheduled for August 3, 2022, at 1 p.m. Eastern Time. The call can be joined by phone or via webcast. The financial results will be accessible through the Investor Relations section of Occidental's website, and a recording of the call will be available post-event. Occidental is a leading energy company with significant operations in oil production in the U.S., the Middle East, and North Africa.
1PointFive, a subsidiary of Occidental (NYSE: OXY), has signed a lease for approximately 27,000 acres of timberland in Western Louisiana with Manulife Investment Management. This agreement enables 1PointFive to establish a carbon sequestration hub that will store industrial carbon emissions, aligning with Occidental's net-zero goals. The project incorporates Class VI injection permits required for geologic sequestration and enhances 1PointFive’s carbon capture capabilities while supporting local environmental initiatives.
Occidental announced results of its tender offers for cash to purchase outstanding notes, with total valid tenders reaching approximately $4.6 billion. The company increased the maximum purchase prices for three pools of notes: Pool 1 from $700 million to $725 million, Pool 2 from $650 million to $790 million, and Pool 3 from $650 million to $2.25 billion. The offers expired on May 20, 2022, and settlement for accepted notes will occur on May 26, 2022. Notably, specific series of senior notes were accepted for purchase, while several others were not.
On May 16, 2022, Occidental (NYSE: OXY) announced cash tender offers to purchase outstanding notes totaling $2 billion across three pools. Pool 1 has a maximum purchase price of $700 million, Pool 2 is set at $650 million, and Pool 3 also at $650 million. The offers will expire on May 20, 2022, with settlement expected on May 26, 2022. Holders can withdraw their notes before the expiration time. The offers are subject to specific conditions, including the acceptance priority levels for each pool of notes.
Occidental (NYSE: OXY) announced its first quarter 2022 financial results on May 10, 2022. Investors can access detailed earnings information on the company's Investor Relations website and the SEC. A conference call to discuss the results is scheduled for May 11, 2022, at 1 p.m. Eastern. Occidental is a leading U.S. oil producer with operations in the Middle East and North Africa, emphasizing its commitment to carbon management via its Oxy Low Carbon Ventures subsidiary.
Occidental (NYSE: OXY) announced a quarterly dividend of $0.13 per share on common stock, payable on July 15, 2022, to stockholders of record by June 10, 2022. This decision reflects the company's commitment to returning value to shareholders while maintaining a stable financial position. Occidental is a leading oil producer in the U.S., with significant operations in the Permian and DJ basins, and is focused on reducing emissions through its Oxy Low Carbon Ventures subsidiary.
EnLink Midstream and Oxy Low Carbon Ventures have signed a letter of intent for a Transportation Services Agreement to transport CO2 along the Mississippi River in Louisiana. EnLink will leverage existing and new pipeline infrastructure to facilitate this service, linking industrial emitters to OLCV's sequestration facility in Livingston Parish. The corridor is noted for its high industrial CO2 emissions. This collaboration aims to advance carbon management solutions and align with net-zero goals.