Occidental Pet Stock Price, News & Analysis

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.

Occidental (NYSE: OXY) will announce its second quarter 2021 financial results after market close on August 3, 2021. A conference call to discuss these results is scheduled for August 4, 2021, at 1:00 PM Eastern / 12:00 PM Central.

Investors can access the call by calling 1-866-871-6512 or via webcast. Pre-registration is available for participants. The financial results will also be accessible via the Investor Relations section of the company's website.

Occidental Petroleum has initiated cash tender offers for its outstanding senior notes totaling up to $2.5 billion. The tender offers include various series of notes due from 2022 to 2026, each with distinct tender offer considerations and early tender premiums. The offers will expire on July 27, 2021, unless extended. Additionally, Occidental is soliciting consents for amendments to certain covenants associated with specific notes. The offers are not contingent on a minimum amount of notes being tendered and are subject to certain conditions outlined in the Offer to Purchase.

Occidental (NYSE: OXY) announced an agreement to sell non-strategic acreage in the Permian Basin to Colgate Energy Partners III for $508 million. The deal involves about 25,000 net acres with current production of 10,000 barrels of oil equivalent per day. Expected to close in Q3 2021, proceeds will be used for debt reduction. This sale contributes to Occidental's goal of divesting $2 billion to $3 billion in assets, bringing the total to over $1.3 billion since the Colombia divestiture.

Occidental (NYSE: OXY) announced its first quarter 2021 financial results on May 10, 2021. Details on the earnings release are accessible through the company’s website and the U.S. SEC. A conference call will be held on May 11, 2021, at 1 p.m. Eastern to discuss these results. Occidental is a major player in the energy sector, with extensive operations in the U.S. and internationally. The company focuses on oil production and carbon management, including initiatives aimed at reducing emissions through its Low Carbon Ventures subsidiary.

Occidental (NYSE: OXY) announced a quarterly dividend of $0.01 per share, payable on July 15, 2021, to stockholders on record as of June 10, 2021. The company, a major U.S. oil producer, operates in various regions including the Middle East and Africa. Occidental is committed to advancing a low-carbon world through its Oxy Low Carbon Ventures subsidiary, which focuses on innovative technologies to reduce emissions while growing the business. This dividend reflects the company’s ongoing efforts to provide returns to its shareholders.

Occidental (NYSE: OXY) plans to announce its first quarter 2021 financial results on May 10, 2021, after market close. A conference call to discuss these results will occur the following day at 1 p.m. Eastern/12 p.m. Central. Investors can access the call by phone or through a webcast available on Occidental's investor relations website. The financial results will also be posted on their site for further investor review.