Occidental

Oxy’s ‘Friendly’ Anadarko Bid Centered Around Permian, Shale Value

Oxy’s ‘Friendly’ Anadarko Bid Centered Around Permian, Shale Value

Houston-based Occidental Petroleum Corp.’s (Oxy) $57 billion counter bid to acquire Anadarko Petroleum Corp. out from under Chevron Corp., which CEO Vicki Hollub said remained a friendly, not hostile offer, is based on the value of its Lower 48 properties, particularly the Permian Basin.

April 24, 2019
Oxy Ups Ante for Anadarko with 20% Premium to Chevron’s Offer

Oxy Ups Ante for Anadarko with 20% Premium to Chevron’s Offer

Houston-based Occidental Petroleum Corp. (Oxy) on Wednesday took Chevron Corp. to the mat for Anadarko Petroleum Corp. with a cash-and-stock offer estimated to be a 20% premium to the supermajor’s bid earlier this month.

April 24, 2019
Chevron, Oxy Invest in Unique Carbon Capture Technology

Chevron, Oxy Invest in Unique Carbon Capture Technology

Chevron Corp. and Occidental Petroleum Corp. (Oxy) are tackling carbon emissions head on, with a joint equity investment in Canada-based Carbon Engineering Ltd. (CE).

January 11, 2019

Oxy Execs Tout Permian Efficiencies with Record Wells

Houston-based Occidental Petroleum Corp. (Oxy) executives on Tuesday reported continued operating efficiencies and well production improvements throughout its aggressive development in the Permian Basin.

November 7, 2018

Oxy, White Energy Assessing Two West Texas CO2 Projects

Occidental Petroleum Corp. (Oxy) and White Energy are evaluating the economic feasibility of a carbon capture project in West Texas that could help Oxy produce more Permian Basin oil.

June 21, 2018
Oxy Sitting on Thoroughbred Permian Production, Execs Say

Oxy Sitting on Thoroughbred Permian Production, Execs Say

Signaling it will reach Permian Basin growth and efficiency goals six months ahead of schedule later this year, Occidental Petroleum Corp.’s (Oxy) senior executives on Wednesday reported sharp increases in 1Q2018 earnings, and a 12% bump in Permian boe daily production.

May 10, 2018

Oxy’s Permian — Legacy and New — Drive Output in 4Q

Occidental Petroleum Corp.’s (Oxy) senior executives on Wednesday were whistling a familiar tune regarding production growth and efficiency gains, led by the Permian Basin, with fourth quarter output jumping year/year by a record 20,000 boe/d to 159,000 boe/d.

February 15, 2018

Oxy Hits Pay Dirt in Sand Dunes of New Mexico Permian

Houston-based Occidental Petroleum Corp.’s (Oxy) most significant U.S. oil and natural gas results in 3Q2017 were found in the Permian Basin’s Sand Dunes area of New Mexico, where drilling results are shattering expectations, executives said Thursday during a conference call with analysts.

November 2, 2017

Oxy’s Former Chief Chazen to Lead Yet Another Energy-Focused Blank Check Company

Another blank check company created to acquire an energy business is preparing for its public debut and another esteemed, retired oil and natural gas executive has been tapped to oversee it.

April 19, 2017

Permian Sets Standard For Oxy Operations, Execs Say

Houston-based Occidental Petroleum Corp.’s (Oxy) plans to double down in the Permian Basin, as evidenced by its $2 billion purchase of additional oil and enhanced oil recovery (EOR) assets, company executives said Tuesday.

November 1, 2016