Occidental Pet Stock Price, News & Analysis

NextDecade Corporation (NASDAQ: NEXT) and Oxy Low Carbon Ventures (NYSE: OXY) have entered a term sheet for the offtake and permanent geologic storage of CO₂ from NextDecade’s Rio Grande LNG project in Texas. The project will capture over five million tonnes of CO₂ annually, contributing to North America’s largest carbon capture initiative. OLCV will transport and sequester the CO₂ in the Rio Grande Valley's extensive storage capacity. NextDecade expects to finalize investment decisions for both the LNG project and the CCS initiative shortly.

Occidental (NYSE: OXY) announced its fourth quarter and full-year 2020 financial results on February 22, 2021. The earnings release is accessible via the company's Investor Relations section and the SEC website. A conference call will be held on February 23, 2021, at 1:00 p.m. Eastern to discuss these results. Occidental operates in the U.S., Middle East, Africa, and Latin America, being a major oil producer. The company focuses on enhancing its oil and gas value through its midstream segment and is committed to reducing emissions via its Oxy Low Carbon Ventures subsidiary.

Occidental (NYSE: OXY) has rescheduled its fourth quarter and full-year 2020 earnings release due to severe winter storms. The new announcement date is set for February 22, 2021, after market close, with a conference call following on February 23, 2021, at 1 p.m. Eastern. Investors can access the conference call via phone or webcast. Financial results will be accessible through the Investor Relations section of Occidental’s website, and a recording of the call will be available after it concludes.

Occidental (NYSE:OXY) announced a quarterly dividend of $0.01 per share on February 11, 2021. This dividend will be payable on April 15, 2021, to shareholders on record as of March 10, 2021. Occidental is a major international energy company, primarily operating in oil production across the U.S., Middle East, Africa, and Latin America, and is committed to advancing lower-carbon technologies.

Occidental (NYSE:OXY) will disclose its fourth quarter 2020 financial results after market close on February 16, 2021. A conference call to discuss these results is scheduled for February 17, 2021, at 11 a.m. Eastern/10 a.m. Central. Interested participants can join the call by calling 1-866-871-6512 or accessing the webcast at oxy.com/investors. A recording of the call will be available on the company's website following its completion.

Occidental (NYSE: OXY) has announced early tender results for its cash purchase offers of various senior notes totaling $2.3 billion, increased from the previous $2 billion. The offers include senior notes due in 2021, 2022, and 2023, with a specific sub-cap of $500 million for the 2.70% 2023 notes. As of December 18, 2020, valid tenders were received for multiple series, achieving requisite consent for most amendments. The tender offers will expire on January 5, 2021, unless extended.

Occidental's subsidiary, Oxy Low Carbon Ventures, has secured a contract for carbon storage consulting services for Project Tundra, aiming to develop the world’s largest carbon capture facility at Milton R. Young Station in North Dakota. The project, led by Minnkota Power Cooperative, focuses on safe carbon dioxide (CO₂) sequestration. With over 40 years of carbon management experience, Oxy will ensure compliance with EPA standards. The project is expected to contribute significantly to carbon reduction efforts and is partly funded by U.S. government grants.

Occidental (NYSE: OXY) has announced an increase in the maximum aggregate purchase price for its ongoing Tender Offers from $1.5 billion to $2 billion. The purchase cap for its 2.70% Senior Notes due 2023 has also risen from $150 million to $500 million. The offers are contingent on generating at least $2 billion from a concurrent debt securities offering. The Tender Offers will expire on January 5, 2021. This move aims to enhance liquidity and reduce debt obligations, demonstrating Occidental's proactive financial management strategies.

Occidental (NYSE: OXY) has launched cash tender offers for its outstanding senior notes, aiming for up to $1.5 billion in purchases. Notable notes include 2.600% due 2021 and 3.125% due 2022, with total considerations varying. The offers end on January 5, 2021. Early tender submissions by December 18, 2020, qualify for additional premiums. The offers are contingent on proceeds from a $1.5 billion senior debt issuance. The firm intends to amend covenants in the notes, potentially easing restrictions for holders.