Welcome to our dedicated page for Occidental Petroleum news (Ticker: OXY), a resource for investors and traders seeking the latest updates and insights on Occidental Petroleum stock.
Occidental Petroleum Corporation reports developments for an international energy company that produces, markets and transports oil and natural gas and operates primarily in the United States, the Middle East and North Africa. Company news centers on quarterly financial results, production performance, reserves, midstream and marketing activity, and capital spending.
Recurring updates also cover regular common-stock dividends, senior note and debenture tender offers, consent solicitations, debt-reduction actions, Gulf of America exploration activity, and governance matters such as management succession planning. Occidental also describes its carbon management work and lower-carbon technologies as part of its broader energy portfolio.
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.
Oxy Low Carbon Ventures (OLCV), a subsidiary of Occidental (NYSE: OXY), has partnered with Cemvita Factory to construct a bio-ethylene pilot plant. This facility aims to produce one metric ton of bio-ethylene per month by utilizing human-made CO2 as a feedstock, moving away from traditional hydrocarbon sources. The project, which builds on previously successful lab tests, is expected to begin operations in 2022. The collaboration seeks to advance sustainable practices in the chemical industry and reduce overall carbon emissions.
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.