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The Biden administration’s final revisions to the nation’s methane regulations, launched on Saturday, drew sharp criticism from energy trade groups, even as 50 of the world’s largest natural gas and oil producers pledged more emissions cuts. Long expected, the U.S. Environmental Protection Agency (EPA) final rulemaking revised the Clean Air Act (CAA) methane and volatile…

The NFL’s Houston Texans have signed up a unit of Occidental Petroleum Corp. to tackle and bring down carbon emissions for the team’s air travel over the next three seasons. Oxy, as it is known, said subsidiary 1PointFive clinched an agreement and sponsorship with the team to help defray carbon dioxide (CO2) emissions for air…

The sweeping Inflation Recovery Act, which cleared the Senate over the weekend, offers many positives for the energy sector, according to Occidental Petroleum Corp. CEO Vicki Hollub. Houston-based Oxy, as it is better known, held its second quarter conference call Thursday, helmed by Hollub and her executive team.  The exploration and production (E&P) independent has…

Occidental Petroleum Corp. on Wednesday padded its bottom line with a big deal to sell a bundle of western properties, while boosting another venture to develop a massive carbon capture facility in its No. 1 Lower 48 play, the Permian Basin. The Houston-based independent, better known as Oxy, agreed to sell some Colorado, Utah and…

In concessions to activist shareholder Carl Icahn, Houston-based independent Occidental Petroleum Corp. (Oxy) has named Magnolia Oil and Gas Corp. CEO Stephen Chazen as chairman and appointed three Icahn-picked directors to the board.

The viability of capturing and storing carbon dioxide (CO2) emissions from a Colorado cement plant is being studied by a group of U.S. and foreign corporations.

Houston-based Occidental Petroleum Corp. (Oxy) plans to sharply reduce capital spending in 2020, particularly in the Permian Basin, in the aftermath of its megadeal to acquire Anadarko Petroleum Corp.

Hours after Chevron Corp. retreated Thursday, Houston-based Occidental Petroleum Corp. entered into a definitive agreement to acquire Anadarko Petroleum Corp.

Chevron Corp. said Thursday it would not make a counterproposal to a substantial offer to acquire Anadarko Petroleum Corp., which would appear to give Occidental Petroleum Corp. a global oil and natural gas prize.