$OXY expects 2016 capital program to be no more than $3Bil with production growth of 2-4% from ongoing operations. $OXY ended 2015 with $4.4Bil in cash and expects to receive about $900MM more from the Ecuador settlement and $300MM in proceeds from asset sales in the coming months.
Healthcare and security technology company $ALOG posted
higher 1Q17 results, helped by higher revenue and lower cost of sales in
Engineering segment. For the quarter, net income rose 83.33% to $2.53MM or
$0.20 per share from $1.38MM or $0.11 per share a year ago. Revenue rose 5.36%
$121.12MM. Excluding items, $ALOG earned $0.43 per share.
$TSN said Jeffrey Schomburger, Global Sales Officer for $PG, has been selected as a new independent director on the $TSN board, effective Dec. 5, 2016. The board is expanding from 10 to 11 members, and Schomburger will be one of 8 independent directors.