$OXY (Occidental Petroleum Corporation)

$OXY {{ '2016-06-06T19:32:43+0000' | timeago}} • SEC

$OXY's net loss for 1Q16 widened from last year. This reflects primarily the impact of lower realized commodity prices in oil and gas and chemicals, lower marketing margins due to unfavorable Permian to Gulf Coast differentials and the impairment of the California Resources shares prior to the stock distribution.

$OXY {{ '2017-11-08T18:20:09+0000' | timeago}} • Webcast

$OXY spent about $950MM of its capital program during 3Q17, and expects to spend roughly $1.1Bil in 4Q17 with total year capital spend expected to be at $3.6Bil. Additionally, the company expects to come in at the midpoint of $1.6Bil to $1.8Bil capital range for the Permian Resources in 2017.

$OXY {{ '2017-11-02T19:46:13+0000' | timeago}} • Announcement

With the help of rising oil prices and cost cutting efforts, $OXY swung back to profit in 3Q17. The Houston oil company posted a profit of $190MM, or $0.25 per share, compared with a loss of $241MM, or $0.32 per share, a year ago. Net sales rose 13% YoY to $2.9Bil.

$OXY {{ '2017-11-02T18:36:36+0000' | timeago}} • Infographic

$OXY Occidental Petroleum Corporation Earnings AlphaGraphic: Q3 2017 Highlights

$OXY {{ '2017-10-05T19:38:36+0000' | timeago}} • Announcement

$OXY has declared a regular quarterly dividend of $0.77 per share on common stock payable on January 16, 2018, to stockholders of record as of December 11, 2017.

$OXY {{ '2017-07-13T18:59:00+0000' | timeago}} • Announcement

$OXY has declared an increase of its regular quarterly dividend to $0.77 per share. On an annual basis, the dividend is $3.08 per share at the new rate. The dividend will be payable on October 16, 2017, to stockholders as on September 11, 2017.

$OXY {{ '2017-06-19T13:52:23+0000' | timeago}} • Announcement

$OXY agreed to a number of purchase and sale transactions in the Permian Basin. On a combined basis, these transactions require no net cash outlay and add about 3,500 barrels of oil equivalent per day to its production. $OXY also agreed to lift its ownership interests and assume operatorship of a CO2 enhanced oil recovery property.

$HES {{ '2017-06-19T13:41:08+0000' | timeago}} • Announcement

$HES agreed to sell its interests in enhanced oil recovery (EOR) assets in the Permian Basin to $OXY for a total consideration of $600MM, effective June 1, 2017. Proceeds from the sale will be used to fund the company's strong growth opportunities. The agreement is expected to close Aug. 1, 2017.

$OXY {{ '2017-05-31T13:31:01+0000' | timeago}} • Announcement

$OXY has appointed Cedric Burgher as its CFO. Burgher most recently served as a SVP at $EOG, where he led investor relations. He replaces Chris Stavros, who is retiring from Occidental.

$OXY {{ '2017-05-11T16:56:58+0000' | timeago}} • Announcement

$OXY's BoD declared a regular quarterly dividend of $0.76 per share on common stock. The dividend is payable on July 14, 2017, to stockholders of record as of June 9, 2017. The current annual rate is $3.04 per share.

$OXY {{ '2017-05-04T16:36:05+0000' | timeago}} • Webcast

With regards to the Middle East contracts, $OXY stated that it doesn't have anything rolling off in Qatar in 2017. The company added that it successfully negotiated the extension of the Block 9 contract in Oman.

$OXY {{ '2017-05-04T16:19:50+0000' | timeago}} • Webcast

Currently, $OXY expects sustaining CapEx to be about $2.2Bil. The company expects this amount to come down because of the price improvements in international operations and improvements in Permian resources business.

$OXY {{ '2017-05-04T16:09:39+0000' | timeago}} • Announcement

Oil and gas major $OXY reported 50% rise in 1Q17 earnings, helped by lower costs, improved crude oil price and increase in caustic soda prices. Net income rose to $117MM, or $0.15 per share, compared to $78MM, or 0.10 per share during 1Q16. Revenues rose 48.5% YoY to $1.89Bil.

$OXY {{ '2017-05-04T13:26:39+0000' | timeago}} • Announcement

During 1Q17, $OXY's total average daily production volumes were 584,000 barrels of oil equivalent (BOE). Average daily production volumes, adjusted to exclude South Texas, were 559,000 BOE, including domestic production volumes from ongoing operations of 278,000 BOE.

$OXY {{ '2017-03-02T15:35:22+0000' | timeago}} • Announcement

$OXY has appointed Richard Jackson as VP, Investor Relations. Jackson joined $OXY in 2003 from $XOM. Meanwhile, Anthony Cottone, previously Director - Investor Relations, has been promoted to Senior Director. $OXY also announced that it will relocate its Investor Relations office from New York to Houston headquarters.

$OXY {{ '2017-02-16T19:42:08+0000' | timeago}} • Announcement

$OXY BoD declared a regular quarterly dividend of $0.76 per share on common stock payable on April 14, 2017, to stockholders of record as of March 10, 2017.

$OXY {{ '2017-02-09T16:06:59+0000' | timeago}} • Webcast

$OXY said that regarding the monetization of assets, the company is looking at opportunities in its portfolio and prioritizing the projects that it has. The company added that it is conscious of the fact that it needs to optimize the net present value at Permian.

$OXY {{ '2017-02-09T15:41:22+0000' | timeago}} • Webcast

$OXY expects its FY17 production growth from ongoing operations to be in the range of 4-7%, between 625,000-645,000 BoE per day, hurt by OPEC quota constraints and volume impacts under the company production sharing contracts due to higher oil prices. Additionally, $OXY's production growth expectation over the long term remains at 5-8%.

$OXY {{ '2017-02-09T15:33:29+0000' | timeago}} • Webcast

$OXY said that its CapEx for 2016 was $2.9Bil, about half the year's outlay and below the company's original budget of $3Bil. Total oil and gas spending for FY16 was about $2Bil, down 55% from 2015. Despite the sharp drop in YonY CapEx, $OXY managed to grow its production volume 7% during 2016.

$OXY {{ '2017-02-09T15:29:49+0000' | timeago}} • Webcast

$OXY's overall Permian oil and gas operations generated more than $130MM of free cash flow after capital during 4Q16, up $100MM sequentially. However, cash operating cost for the company’s ongoing international oil and gas operations declined by 11% to about $10 per BoE for all of 2016.

$OXY {{ '2017-02-09T15:26:22+0000' | timeago}} • Webcast

$OXY's total company oil and gas production volumes averaged 607,000 BoE per day, which was at the high end of the guidance. For FY16, the production of 602,000 BoE per day from ongoing operations grew 7% and was better than expected due to stronger growth in Permian resources.

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