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Occidental Petroleum Corporation (NYSE: OXY) is an international energy company that produces, markets and transports oil and natural gas, with assets primarily in the United States, the Middle East and North Africa. The company describes itself as one of the largest oil and gas producers in the U.S., including a leading producer in the Permian and DJ basins and offshore Gulf of America, and it emphasizes a focus on carbon management and low-carbon ventures through its Oxy Low Carbon Ventures subsidiary.
The OXY news feed on Stock Titan aggregates company announcements, press releases and other coverage related to Occidental’s operations and corporate actions. Readers can follow updates on quarterly and annual financial results, including earnings releases that the company furnishes on Form 8-K, as well as notices about upcoming earnings conference calls and related earnings considerations that management believes will impact results.
News for Occidental also includes information on dividends declared by the Board of Directors, asset divestitures and acquisitions. Recent examples in the supplied materials include announcements about divestitures of select Permian Basin assets for debt reduction, the acquisition of CrownRock, L.P., and the agreement and subsequent completion of the sale of Occidental’s chemical business, OxyChem, to Berkshire Hathaway Inc. for cash consideration, as reported in joint press releases and Form 8-K filings.
Occidental’s communications often highlight its midstream and marketing segment, its low-carbon ventures, and its efforts to manage its balance sheet through debt reduction and portfolio high-grading. By following the OXY news page, users can track these developments, review official company statements and monitor how Occidental describes its evolving portfolio and strategic priorities over time.
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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.
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.