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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) will announce its fourth quarter 2021 financial results after the market closes on February 24, 2022. A conference call to discuss the results is scheduled for February 25, 2022, at 1 p.m. Eastern. Participants can join the call by dialing 1-866-871-6512 or through a webcast available on the company's investor relations website.
Financial results will be accessible via the Investor Relations section, and a recording of the webcast will be posted shortly after the call.
Occidental (NYSE:OXY) will conduct its OLCV Investor Update on March 23, 2022, at 10 a.m. Eastern. This event will present a comprehensive overview of Occidental's low-carbon strategy, focusing on direct air capture technology, its commercialization, and additional carbon reduction solutions. Participants can join via webcast or conference call. Occidental is a prominent energy company, recognized as one of the largest oil producers in the U.S., with a commitment to advancing carbon management and reducing emissions.
On December 9, 2021, Occidental (NYSE: OXY) announced the completion of its cash tender offers for various Series of outstanding notes, which expired on December 8, 2021. The company received valid tenders totaling approximately $1.9 billion and accepted them across multiple Series, with the aggregate principal amount accepted amounting to approximately $1.4 billion. Notably, all validly tendered Notes were accepted for purchase. Settlement for the accepted Notes occurred on December 9, and for guaranteed delivery procedures, it is expected to finalize by December 13, 2021.
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.