Occidental Pet Stock Price, News & Analysis

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.

Occidental (NYSE: OXY) has appointed Ken Robinson to its Board of Directors, effective February 16, 2023. Robinson brings over 40 years of experience in global finance, accounting, and enterprise risk management, having held senior positions at companies like Exelon Corporation and Procter & Gamble. Jack Moore, Chairman of the Board, highlighted Robinson's strategic and financial oversight skills as valuable for shareholders. Robinson expressed his enthusiasm for joining Occidental during a pivotal time focused on climate action and improving its financial standing.

Occidental (NYSE: OXY) announced the election of Claire O'Neill to its Board of Directors, effective January 17, 2023. O'Neill is a former UK Minister for Energy and has significant experience in clean growth strategies. Her appointment increases the Board size from eight to nine members, where she will contribute to the Corporate Governance and Nominating Committee as well as the Sustainability and Shareholder Engagement Committee. Chairman Jack Moore emphasized her expertise in reducing emissions, enhancing Occidental's low-carbon initiatives and long-term sustainability, aiming to deliver value to shareholders.

Occidental (NYSE: OXY) will release its fourth quarter 2022 financial results on February 27, 2023, post-market. A conference call to discuss the results is scheduled for February 28, 2023, at 1 p.m. Eastern. Interested participants can join via phone or webcast. The company's website will provide access to the financial results and a recording of the call shortly after its completion. Occidental operates mainly in the U.S., Middle East, and North Africa, and is a major oil producer in the Permian and DJ basins.

1PointFive, a subsidiary of Occidental (NYSE: OXY), has partnered with the Houston Texans to provide carbon dioxide (CO₂) removal credits from its upcoming Direct Air Capture (DAC) facility, set to be operational in late 2024. This agreement allows the Texans to offset emissions from their air travel for three seasons. DAC technology effectively removes CO₂ directly from the atmosphere and sequesters it in saline reservoirs, contributing to climate goals. This partnership marks 1PointFive as the Texans' Preferred Carbon Removal Partner.

Smead Capital Management announces its second annual Smead Investor Oasis on February 6, 2023, at Hilton Scottsdale Resort in Scottsdale, AZ. The event features presentations from Smead Capital and prominent figures, including Vicki Hollub, CEO of Occidental (OXY), discussing her management style and outlook on the energy sector. Additionally, Anas Abuzaakouk from BAWAG Group will share insights on European banking. Investors can look forward to a live podcast recording with Amity Schlaes discussing her book, Great Society: A New History.

Enbridge and Oxy Low Carbon Ventures announced plans to jointly develop a carbon dioxide (CO2) sequestration hub in the Corpus Christi area, Texas. A letter of intent has been signed to explore this project, aiming to provide a complete CO2 solution for local emitters through a pipeline transportation system and sequestration facility. Enbridge will manage pipeline operations, while OLCV will handle sequestration facilities. The initiative is expected to support other emitters in the area and contribute to decarbonization efforts, aligning with both companies' net-zero strategies.

Occidental (NYSE: OXY) announced its third quarter 2022 financial results on November 8, 2022. The full earnings release and related financial documents are accessible via the company’s Investor Relations section on oxy.com and the SEC’s website. A conference call is scheduled for November 9, 2022, at 1 p.m. Eastern, which can be joined by phone or webcast. Occidental is a leading energy company with significant assets in the U.S., Middle East, and North Africa, involved in oil production, midstream operations, and chemical manufacturing.

Occidental (NYSE: OXY) has announced a quarterly dividend of $0.13 per share, scheduled for payment on January 17, 2023. The record date for stockholders is set for December 12, 2022.

Occidental is a significant player in the international energy market, focusing on oil production in the U.S., Middle East, and North Africa. Its operations include oil and gas production, midstream services, and chemical manufacturing, alongside initiatives aimed at reducing emissions through innovative technologies.