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.
Articles from Occidental
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.
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).
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.
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.
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.
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.
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.
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.
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.