Occidental Pet Stock Price, News & Analysis

Occidental (NYSE: OXY) is set to announce its first quarter 2023 financial results on May 9, 2023, after market close. A conference call to discuss these results will take place on May 10, 2023, at 1 p.m. Eastern Time (12 p.m. Central Time). Investors can participate by calling 1-866-871-6512 or through a webcast available on oxy.com/investors. The financial results will be posted in the Investor Relations section of Occidental's website shortly after the call.

Occidental is a major energy player with significant assets in the U.S., Middle East, and North Africa, primarily recognized for its operations in the Permian Basin and Gulf of Mexico. The company also focuses on enhancing environmental sustainability through its Oxy Low Carbon Ventures subsidiary.

1PointFive and the Houston Astros have struck a deal for the purchase of carbon dioxide (CO₂) removal credits from 1PointFive's Direct Air Capture (DAC) plant under construction in Texas. This partnership aims to enhance the Astros' environmental commitment and work towards a carbon-neutral footprint in their ballpark operations over the next three years. DAC technology captures CO₂ from the atmosphere, which will be stored securely underground. Both parties expressed enthusiasm about the collaboration's potential to address carbon emissions and improve sustainability efforts.

1PointFive, a carbon capture company, has leased over 55,000 acres along the Texas Gulf Coast to develop a new carbon capture and sequestration hub. This site has the potential to store approximately 1.2 billion metric tons of CO₂ and aims to support emissions reduction for industrial facilities. The hub, located in proximity to major refineries and chemical plants, is expected to be operational by 2026. 1PointFive is moving forward with regulatory permits and is collaborating with Enterprise Products Partners for a CO₂ transportation solution. These efforts align with the company's mission to reduce global temperature rise.

Occidental (NYSE:OXY) released its fourth quarter 2022 financial results on February 27, 2023. Access to the earnings release can be found on their Investor Relations webpage, as well as on the U.S. Securities and Exchange Commission's site. A conference call to discuss the results is scheduled for February 28, 2023, at 1 p.m. Eastern/12 p.m. Central, accessible via a phone call or webcast. Occidental is a major U.S. oil producer with significant operations in the Permian and DJ basins and is committed to advancing lower-carbon solutions through its subsidiary Oxy Low Carbon Ventures.

Occidental (NYSE: OXY) has declared a quarterly dividend of $0.18 per share, payable on April 17, 2023. This increases the annual dividend to $0.72 per share, up from $0.52, reflecting the company's commitment to returning value to shareholders. The dividend is payable to stockholders of record as of March 10, 2023. Occidental is a major oil producer in the U.S., with significant operations in the Permian and DJ basins, as well as offshore Gulf of Mexico. The company focuses on reducing emissions through its Oxy Low Carbon Ventures subsidiary.