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…
Articles from oxy
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.
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.
Occidental Petroleum Corp. (Oxy) on Sunday substantially increased its offer to take over Anadarko Petroleum Corp., and if completed, it already has an agreement in hand with Total SA to sell $8.8 billion of natural gas-rich African assets, including Anadarko’s proposed export project in Mozambique.
Berkshire Hathaway Inc. agreed Tuesday to invest up to $10 billion in Occidental Petroleum Corp. (Oxy) to help the independent usurp Chevron Corp.’s bid to buy Anadarko Petroleum Corp.
While reporting larger quarterly losses, California Resources Corp. (CRC) officials indicated that they are starting a modest turnaround, adding two rigs and successfully pricing a $1 billion first lien secured credit facility.
The Occidental Petroleum Corp. (Oxy) spinoff, California Resources Corp. (CRC), is lowering its profile to fit a continuing low-priced commodity environment by shedding debt and rethinking the need for various asset sales, CFO Mark Smith said Wednesday as part of a panel discussion at the Goldman Sachs Global Energy Conference in Miami.