Items Tagged with 'chazen'


Bakken, Piceance Assets Likely to Be Sold, Oxy CEO Says

Occidental Petroleum Corp. (Oxy), which soon will spin off its California assets into a new company, currently has more of a sales mindset, but if oil prices continue to decline it could quickly switch to a buying mode regarding U.S. domestic assets, particularly in the Permian Basin, CEO Stephen Chazen said Thursday on a 3Q2014 earnings conference call. Read More

Oxy in 2013 Boosts Reserves, Permian and California

Ending last year at an all-time high for booked reserves at 3.5 billion bbl, Los Angeles-based Occidental Petroleum Corp. (Oxy) plans to continue to increase its oil production in the Permian Basin and California this year, boosting overall capital spending to $10.2 billion, compared to $8.8 billion in 2013, according to Oxy CEO Stephen Chazen. Read More