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 (NYSE: OXY) delivers essential energy resources through innovative exploration and production technologies. This news hub provides investors and industry professionals with direct access to verified corporate announcements, strategic updates, and operational developments.
Track OXY's latest earnings reports, sustainability initiatives, and partnership announcements in one centralized location. Our curated collection includes press releases on reservoir discoveries, carbon management projects, and OxyChem manufacturing updates - all critical for understanding the company's position in evolving energy markets.
Key coverage areas include quarterly financial results, asset portfolio changes, technological advancements in extraction methods, and regulatory compliance updates. Each entry maintains strict editorial standards to ensure factual accuracy and relevance for both institutional and individual stakeholders.
Bookmark this page for streamlined access to Occidental Petroleum's official communications. Combine real-time updates with historical context to analyze OXY's market trajectory and operational efficiency within the global energy sector.
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.
Occidental (NYSE:OXY) released its 2020 Climate Report, outlining a strategy to achieve net-zero emissions in operational and energy-use emissions by 2040, and total emissions inventory by 2050. The report details progress on climate-related governance, risk management, and metrics for reducing greenhouse gas emissions. President and CEO Vicki Hollub emphasized innovation as a key driver for minimizing operational impacts while expanding business. Further information is available on oxy.com.
Occidental (NYSE: OXY) announced its third quarter 2020 financial results on November 9, 2020. The earnings release and financial schedules are available on the company's website and the SEC's site. A conference call will take place on November 10, 2020, at 11 a.m. Eastern, which can be accessed via call or webcast. Occidental is a global energy company, prominently active in oil production and chemical manufacturing, with a commitment to emissions reduction.
Occidental (NYSE:OXY) announced a quarterly dividend of $0.01 per share, set for January 15, 2021, to shareholders on record as of December 10, 2020. This reflects the company's ongoing commitment to return capital to investors despite the current economic climate. Occidental continues to operate as a leading energy company with extensive activities in the U.S. and internationally, focusing on oil production and low carbon technologies.
Occidental (NYSE:OXY) is set to announce its third quarter 2020 financial results on November 9, 2020, after the market closes. A conference call to discuss these results will occur on November 10, 2020, at 11 a.m. Eastern/10 a.m. Central. Interested parties can access the call by phone at 1-866-871-6512 or via webcast at oxy.com/investors. The results will be accessible on the company's Investor Relations page following the announcement.
Occidental (NYSE: OXY) has agreed to sell its Colombian onshore assets to The Carlyle Group for approximately $825 million, with $700 million to be received upfront. The transaction, expected to close in Q4 2020, encompasses operations in the Llanos Norte, Middle Magdalena, and Putumayo Basins. Following the sale, Occidental will retain offshore exploration blocks in Colombia. This divestiture is part of a broader strategy, with over $2 billion in asset sales announced in 2020.
On September 10, 2020, Occidental (NYSE: OXY) announced the expiration of its cash tender offers for various senior notes totaling a maximum purchase price of $3 billion. The offers included multiple series of notes due in 2021, 2022, and 2023. As of the expiration date, only some 2021 notes were validly tendered and accepted, with no additional tenders received for the 2022 and 2023 notes after their early tender times. Notably, no requisite consents were obtained for proposed amendments to the indentures for any series of consent notes, meaning existing covenants remain intact.
Occidental (NYSE: OXY) has announced a quarterly dividend of $0.01 per share, payable on October 15, 2020, to stockholders of record as of September 15, 2020. This decision reflects the company's ongoing commitment to returning value to shareholders despite the challenging economic landscape.
As one of the largest oil producers in the U.S., Occidental operates in various regions, including the Permian and DJ basins and offshore Gulf of Mexico. The company is also engaged in developing technologies for a lower-carbon world.
FAQ
What is the current stock price of Occidental Pet (OXY)?
What is the market cap of Occidental Pet (OXY)?
