Occidental today announced it has entered into a purchase and sale agreement to divest Wyoming, Colorado, and Utah Land Grant assets to Orion Mine Finance for approximately $1.33 billion. The transaction, which is expected to close in the fourth quarter of 2020, has a footprint of approximately 4.5 million mineral acres and 1 million fee surface acres. Occidental will retain all cash flow from currently producing oil and [...]
Occidental today announced that, in connection with its offers to purchase for cash the outstanding senior notes listed in the table below and Consent Solicitations , it is increasing the maximum aggregate purchase price of Notes it will accept for purchase, excluding accrued but unpaid interest , from the previously announced amount of $1,500 million to $3,000 million and the maximum aggregate purchase price of 2022 [...]
Occidental Petroleum Corp. today announced that it has commenced offers to purchase for cash its outstanding senior notes listed in the table below and Consent Solicitations , upon the terms and conditions described in Occidental’s Offer to Purchase and Consent Solicitation Statement, dated August 12, 2020 . Dollars per $1,000 Principal Amount of Notes Series of Notes CUSIP Number/ISIN Aggregate Principal Amount [...]
Occidental today announced its second quarter 2020 financial results. The announcement and financial schedules can be accessed via the Investor Relations section of the company’s website, oxy.com. The earnings release is also available on the U.S. Securities and Exchange Commission's website at sec.gov. The company will hold a conference call on Tuesday, August 11, 2020, at 11 a.m. Eastern/10 a.m. Central. The conference [...]
Occidental Petroleum Corp. today announced the early tender results of its offers to purchase for cash its outstanding 4.10% Senior Notes due 2021 , Floating Interest Rate Notes due February 2021 , 4.850% Senior Notes due 2021 , 2.600% Senior Notes due 2021 , Floating Interest Rate Notes due August 2021 , 3.125% Senior Notes due 2022 , 2.600% Senior Notes due 2022 , 2.700% Senior Notes due 2022 and Floating Interest Rate [...]
Occidental Petroleum Corp. will announce its second quarter 2020 financial results after close of market on Monday, August 10, 2020, and will hold a conference call to discuss results on Tuesday, August 11, 2020, at 11 a.m. Eastern/10 a.m. Central. The conference call may be accessed by calling 1-866-871-6512 or via webcast at oxy.com/investors. Participants may pre-register for the conference call at [...]
Occidental Petroleum Corp. today announced that, in connection with its offers to purchase for cash the outstanding senior notes listed in the table below and Consent Solicitations , it is increasing the maximum aggregate purchase price of Notes it will accept for purchase, excluding accrued but unpaid interest , from the previously announced amount of $1,500 million to $2,000 million. Additionally, Occidental announced [...]
Occidental Petroleum Corp. today announced that its Board of Directors has declared a distribution to holders of its common stock of warrants to purchase additional shares of common stock. Holders of Occidental common stock will receive 1/8th of a warrant for each share of common stock held as of the record date, and each warrant will entitle the holder to purchase one share of Occidental common stock for a purchase price [...]
Occidental Petroleum Corp. today announced that it has commenced offers to purchase for cash its outstanding senior notes listed in the table below and Consent Solicitations , upon the terms and conditions described in Occidental’s Offer to Purchase and Consent Solicitation Statement, dated June 25, 2020 . Dollars per $1,000 Principal Amount of Notes Series of Notes CUSIP Number/ISIN Aggregate Principal Amount Outstanding [...]
Occidental Petroleum Corp. said today that its Board of Directors has declared a regular quarterly dividend of $0.01 per share on common stock payable on July 15, 2020, to stockholders of record as of June 15, 2020. This is an update to the company’s previously announced dividend policy change from March 10, 2020, which reduced the quarterly dividend to $0.11 per share. About Occidental Occidental is an international [...]
Occidental Petroleum Corp. today issued the following statement regarding its agreement with Total to acquire Anadarko’s assets in Africa: In August 2019, Total and Occidental entered into a Purchase and Sale Agreement in order for Total to acquire Anadarko’s assets in Africa. Under this agreement, Total and Occidental have since completed the sale and purchase of the Mozambique and South Africa assets. The purchase and [...]
Occidental Petroleum Corp. today announced its first quarter 2020 financial results. The announcement and financial schedules can be accessed via the Investor Relations section of the company’s website, oxy.com. The earnings release is also available on the U.S. Securities and Exchange Commission's website at sec.gov. The company will hold a conference call on Wednesday, May 6, 2020, at 11 a.m. Eastern/10 a.m. Central [...]