Occidental Pet Stock Price, News & Analysis

Occidental (NYSE: OXY) has announced it will release its fourth quarter 2024 financial results after market close on Tuesday, February 18, 2025. The company will host a conference call to discuss these results on Wednesday, February 19, 2025, at 1 p.m. Eastern/12 p.m. Central.

Investors can access the conference call through multiple channels: by dialing 1-866-871-6512 (international: 1-412-317-5417) or via webcast at oxy.com/investors. Pre-registration is available at the provided link. The financial results will be accessible through the company's Investor Relations website section, and a recording of the webcast will be posted shortly after the call concludes.

Occidental (NYSE: OXY) has announced its third quarter 2024 financial results. The company has made the earnings release and financial schedules available through its Investor Relations website section at oxy.com and on the SEC's website at sec.gov.

A conference call to discuss the results is scheduled for Wednesday, November 13, 2024, at 1 p.m. Eastern/12 p.m. Central. Investors can access the call via phone (1-866-871-6512 for domestic, 1-412-317-5417 for international) or webcast at oxy.com/investors. A recording will be posted on the company's website after the call.

Occidental (NYSE: OXY) has announced its schedule for releasing third quarter 2024 financial results and hosting a conference call. The company will disclose its financial results after market close on Tuesday, November 12, 2024. A conference call to discuss these results is scheduled for Wednesday, November 13, 2024, at 1 p.m. Eastern/12 p.m. Central.

Interested parties can access the conference call by dialing 1-866-871-6512 (or 1-412-317-5417 for international callers) or via webcast at oxy.com/investors. Pre-registration for the call is available at https://dpregister.com/sreg/10192316/fd653e56d4. The financial results will be accessible through the Investor Relations section of Occidental's website, and a recording of the webcast will be posted shortly after the call concludes.

Permian Resources (NYSE: PR) has successfully closed its previously announced acquisition of assets from Occidental (NYSE: OXY). The acquired assets include:

• ~29,500 net acres of leasehold interests
• ~9,900 net royalty acres
• Substantial midstream infrastructure

These assets are primarily located adjacent to the Company's existing position in Reeves County, Texas. This strategic bolt-on acquisition strengthens Permian Resources' footprint in the core Delaware Basin, potentially enhancing its operational efficiency and production capabilities in the region.

1PointFive, a subsidiary of Occidental (OXY), has been awarded up to $500 million by the U.S. Department of Energy to support the development of the South Texas Direct Air Capture (DAC) Hub. This funding marks a significant milestone in advancing commercial-scale DAC technology in the United States. The initial $50 million award will support ongoing work at the hub, including engineering, permitting, and equipment procurement.

The South Texas DAC Hub, located on the King Ranch in Kleberg County, will have an initial CO2 removal capacity of 500,000 metric tons per year, with plans to expand to over 1 million metric tons annually. The site has the potential to scale up to 30 million metric tons of CO2 removal per year and can securely store up to 3 billion metric tons of CO2 in saline formations.

Occidental (NYSE: OXY) has announced significant progress in its debt reduction and divestiture initiatives. The company has achieved $3 billion in principal debt reduction in the third quarter of 2024, utilizing robust organic cash flow and divestiture proceeds. A public offering of Occidental's common units in Western Midstream Partners, LP raised $700 million, bringing total 2024 year-to-date closed or announced divestments to approximately $1.7 billion.

Following the expected close of the Delaware Basin Barilla Draw divestiture in late Q3, Occidental anticipates a total year-to-date reduction of over $3.8 billion in principal debt. This represents nearly 85% of their near-term $4.5 billion debt reduction commitment. The company plans to continue its deleveraging efforts through free cash flow and ongoing divestitures.

Western Midstream Partners, LP (NYSE: WES) has announced the pricing of a secondary public offering of 19,000,000 common units by affiliates of Occidental (NYSE: OXY). The offering is expected to raise $685.9 million in gross proceeds and close on August 14, 2024. Barclays, the sole book-running manager, has been granted a 30-day option to purchase up to 2,850,000 additional units. WES will not receive any proceeds from the sale as it is not selling any units in this offering. The offering is being made through a prospectus supplement and base prospectus, part of a shelf registration statement that became effective on March 30, 2023.

Occidental (NYSE: OXY) has announced the launch of an underwritten secondary public offering of 29,560,619 shares of its common stock by CrownRock Holdings, L.P. Occidental itself is not offering any shares and will not receive any proceeds from the proposed offering. The offering is subject to market conditions, with no guarantee of completion.

J.P. Morgan, Morgan Stanley, and RBC Capital Markets are acting as underwriters for the offering. The shares may be offered through various channels, including the New York Stock Exchange and over-the-counter market. A shelf registration statement for these securities has been filed with the SEC and is effective. Interested investors are advised to read the prospectus and related documents before investing.

Western Midstream Partners, LP (NYSE: WES) has announced a secondary public offering of 19,000,000 common units by affiliates of Occidental (NYSE: OXY). The Selling Unitholders are granting Barclays, the sole underwriter, a 30-day option to purchase up to 2,850,000 additional units. WES is not selling any units and will not receive proceeds from the offering. The offering is subject to market conditions and there's no guarantee of completion. It will be made through a prospectus supplement and base prospectus, part of a shelf registration statement effective March 30, 2023. Barclays Capital Inc. is managing the offering, with materials available through them or the SEC website.