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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) completed the sale of its chemical business OxyChem to Berkshire Hathaway for $9.7 billion in cash, subject to customary purchase price adjustments, on January 2, 2026. The company said the transaction will accelerate its strategy to strengthen the balance sheet and focus on its oil and gas portfolio. An Occidental subsidiary, Environmental Resource Holdings LLC, retained OxyChem’s legacy tort claims and environmental liabilities related to historical operations outside sold facilities, and Glenn Springs Holdings will manage remedial activities. Occidental expects remediation spending over many years based on approved workplans.
Occidental (NYSE: OXY) announced its third quarter 2025 financial results on November 10, 2025. The company said the earnings release and financial schedules are available on its Investor Relations website at oxy.com and on the SEC website at sec.gov.
Occidental will host a conference call on Tuesday, November 11, 2025 at 1:00 p.m. ET / 12:00 p.m. CT. The call is accessible by phone (1-866-871-6512; international 1-412-317-5417) and via webcast at oxy.com/investors. Participants may pre-register at the provided registration link. A recording will be posted on the Investor Relations site within several hours after the call.
Occidental (NYSE: OXY) announced a regular quarterly dividend of $0.24 per share on common stock. The dividend is payable on January 15, 2026 to stockholders of record as of the close of business on December 10, 2025.
Occidental (NYSE: OXY) will announce third quarter 2025 financial results after market close on Monday, November 10, 2025. The company will host a conference call to discuss results on Tuesday, November 11, 2025 at 1:00 p.m. ET / 12:00 p.m. CT. Participants can access the call by phone at 1-866-871-6512 (international 1-412-317-5417) or via webcast at oxy.com/investors. Investors may pre-register at the provided registration link. Third quarter 2025 results and a recording of the webcast will be posted in the Investor Relations section within several hours after the call.
Occidental (NYSE: OXY) has promoted Richard A. Jackson to Senior Vice President and Chief Operating Officer. In his new role, Jackson will oversee global oil and gas operations, low-carbon integrated technologies, midstream and marketing, and health, safety and environment functions, reporting to CEO Vicki Hollub.
Jackson, who previously served as Senior Vice President and President of U.S. Onshore Resources and Carbon Management Operations since 2020, brings significant experience in operational leadership and low-carbon technologies. He has led Oxy Low Carbon Ventures from its inception, advancing technologies in emissions measurement, carbon utilization, Direct Air Capture, and lithium extraction.
Berkshire Hathaway (NYSE: BRK) has announced a definitive agreement to acquire OxyChem, Occidental's (NYSE: OXY) chemical business, for $9.7 billion in an all-cash transaction. OxyChem specializes in manufacturing commodity chemicals for water treatment, pharmaceuticals, healthcare, and development applications.
Occidental plans to use $6.5 billion of the proceeds to reduce debt, targeting principal debt below $15 billion. The transaction, expected to close in Q4 2025, follows Occidental's CrownRock acquisition announced in December 2023. An Occidental subsidiary will retain OxyChem's legacy environmental liabilities, with Glenn Springs Holdings continuing to manage existing remedial projects.
Occidental (NYSE:OXY) has announced significant progress in its asset divestiture strategy and debt reduction efforts. The company has signed four agreements to divest select Permian Basin assets, generating approximately $950 million in proceeds. This includes multiple transactions totaling $370 million for non-core assets and a $580 million agreement with Enterprise Products Partners for gas gathering assets in the Midland Basin.
Since the December 2023 CrownRock acquisition announcement, total divestitures have reached $4 billion. The company has successfully repaid $7.5 billion in debt since July 2024, demonstrating strong progress in its deleveraging strategy.
Occidental (NYSE: OXY) has announced the release of its second quarter 2025 financial results. The company has made the earnings report available through multiple channels, including their Investor Relations website at oxy.com and the SEC's website.
To discuss these results, Occidental will host a conference call on Thursday, August 7, 2025, at 1 p.m. Eastern/12 p.m. Central. Investors can access the call through a toll-free number or via webcast, with pre-registration available. A recording will be posted on the company's website after the call.
Occidental (NYSE: OXY) has announced its Board of Directors has declared a regular quarterly dividend of $0.24 per share on common stock. The dividend will be paid on October 15, 2025, to stockholders of record as of the close of business on September 10, 2025.
Occidental (NYSE: OXY) has scheduled its second quarter 2025 financial results announcement and conference call. The company will release its Q2 2025 results after market close on Wednesday, August 6, 2025, followed by a conference call on Thursday, August 7, 2025, at 1 p.m. Eastern/12 p.m. Central.
Investors can access the conference call through a toll-free number (1-866-871-6512) or international number (1-412-317-5417). The results and webcast will be available through the company's investor relations website, with a recording posted shortly after the call.