Occidental Pet Stock Price, News & Analysis

Occidental (NYSE: OXY) announced cash tender offers to purchase up to $2.0 billion of its outstanding notes. This includes principal and premium, excluding accrued interest. The offers are subject to conditions outlined in the Offer to Purchase dated December 2, 2021. The expiration date for these offers is set for December 8, 2021, unless extended. The acceptance of notes will be based on specified priority levels. Holders can withdraw their tenders until the expiration time. Settlement for accepted notes is expected on December 9, 2021. Wells Fargo Securities leads as the Dealer Manager.

Oxy Low Carbon Ventures announced a contract award to Worley for a groundbreaking project in British Columbia aimed at producing up to 100 million litres of ultra-low carbon fuel annually. Utilizing Direct Air Capture technology, the facility is expected to serve hard-to-decarbonize sectors like marine and transportation. The project, developed with Huron Clean Energy, is slated to begin construction in 2023 and become operational by 2026. This initiative underlines Oxy's commitment to advancing low-carbon technologies and reducing emissions.

Occidental (NYSE: OXY) reported its third quarter 2021 financial results, highlighting its position as a major player in oil production across the U.S. and internationally. The company showcases its diversified operations, including significant activities in the Permian Basin and Gulf of Mexico. Occidental emphasizes its commitment to advancing carbon management technologies through its Oxy Low Carbon Ventures subsidiary. A conference call is scheduled for November 5, 2021, at 1 p.m. Eastern to discuss these results in detail.

Occidental (NYSE: OXY) announced a quarterly dividend of $0.01 per share, payable on January 14, 2022, to shareholders on record as of December 10, 2021. The company, based in Houston, is a major player in the energy sector with extensive operations in oil production across the U.S., including the Permian Basin and Gulf of Mexico. Occidental emphasizes its commitment to advancing lower-carbon technologies through its subsidiary Oxy Low Carbon Ventures, aiming to enhance sustainability while maximizing asset value.

Occidental (NYSE: OXY) has announced the sale of its interests in two offshore fields in Ghana for $750 million, with $550 million going to Kosmos Energy and $200 million to Ghana National Petroleum Corporation (GNPC). The sale includes assets from the Jubilee and TEN fields, which produced 22 thousand barrels of oil equivalent per day in Q2 2021. This divestiture aligns with Occidental's post-Colombia strategy and will contribute to debt reduction, complementing the $4.5 billion repaid so far this year.

Occidental (NYSE:OXY) will release its third quarter 2021 financial results following the market close on November 4, 2021. A conference call to discuss these results is scheduled for November 5, 2021, at 1 p.m. ET. Investors can access the conference call by calling 1-866-871-6512 or via webcast at oxy.com/investors. The financial results will also be available on the company's Investor Relations website shortly after the call.

On August 3, 2021, Occidental (NYSE: OXY) reported its second quarter financial results. The earnings release is accessible via their Investor Relations section and the SEC website. A conference call is scheduled for August 4, 2021, to discuss these results, available by phone or webcast. Occidental is a major U.S. oil producer active in several global markets, and it is committed to advancing emission-reducing technologies through its subsidiaries. For further information, visit oxy.com.

Occidental (NYSE: OXY) has announced a quarterly dividend of $0.01 per share, payable on October 15, 2021, to shareholders recorded by September 10, 2021. This distribution reflects the company's ongoing commitment to returning value to its investors amidst its operations as a top oil producer in the U.S., primarily in the Permian and DJ basins, and the Gulf of Mexico. Occidental continues to focus on sustainable business practices through its Oxy Low Carbon Ventures subsidiary, which promotes technologies for emission reduction.

Occidental (NYSE: OXY) has announced the early tender results for its cash offers to purchase various outstanding Senior Notes. The company has increased the maximum aggregate purchase price from $2.5 billion to $3.1 billion and raised the purchase limit for certain 2026 Notes. As of July 13, 2021, valid tenders have been accepted, with early settlement set for July 15, 2021. Consent solicitations for amendments to certain Notes have succeeded in some cases while failing in others. Tender offers expire on July 27, 2021, unless extended.