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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) 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.
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.