Occidental Petroleum Corp.

Occidental will announce its third quarter 2023 financial results after close of market on Tuesday, November 7, 2023, and will hold a conference call to discuss results on Wednesday, November 8, 2023, at 1 p.m. Eastern/12 p.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 today announced that its subsidiary 1PointFive and ADNOC signed an agreement to commence a jointly funded preliminary engineering study for a 1 million tonne-per-year Direct Air Capture facility in the United Arab Emirates. The Joint Study Agreement for the DAC facility, signed at the ADIPEC conference in Abu Dhabi, is the first project announced since the companies signed a memorandum of understanding on [...]

1PointFive, a carbon capture, utilization and sequestration company, today announced that Amazon has agreed to purchase 250,000 metric tons of carbon dioxide removal credits over 10 years. The agreement furthers Direct Air Capture as a viable carbon removal solution to help organizations further their climate goals. The CDR credits for Amazon will be enabled by STRATOS, 1PointFive's first commercial-scale DAC plant [...]

Occidental today announced that a wholly owned subsidiary has entered into a definitive purchase agreement to acquire all the outstanding equity of Carbon Engineering Ltd. for total cash consideration of approximately $1.1 billion, to be made in three approximately equivalent annual payments, with the first at closing. This transaction is expected to close before the end of 2023, subject to Canadian court reviews [...]

1PointFive, a wholly owned subsidiary of Occidental, announced today it was selected to receive a grant from the U.S. Department of Energy's Office of Clean Energy Demonstrations for the development of its South Texas Direct Air Capture Hub. The hub, to be located on the King Ranch in Kleberg County, is expected to include the world's first DAC plant designed to remove up to 1 million metric tons of CO2 per year. The [...]

Occidental today announced its second quarter 2023 financial results. The earnings release and accompanying 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 to discuss the results on Thursday, August 3, 2023, at 1 p.m [...]

ANA has become the first airline in the world to sign a purchase agreement with 1PointFive for carbon dioxide removal credits enabled by Direct Air Capture. This purchase aims to further diversify the ANA Group's decarbonization methods to achieve carbon neutrality by 2050. 1PointFive is currently constructing a Direct Air Capture plant in Texas, which is expected to be commercially operational in mid-2025. Upon [...]

Occidental and ADNOC today announced that they will evaluate investment opportunities in Direct Air Capture facilities and carbon dioxide sequestration hubs in the United States and the United Arab Emirates as a pathway toward the development of carbon management platforms to accelerate the net-zero goals of both companies. The strategic collaboration between global energy leaders Occidental and ADNOC demonstrates how the [...]

Occidental announced today that its Board of Directors declared a regular quarterly dividend of $0.18 per share on common stock, payable on October 13, 2023, to stockholders of record as of the close of business on September 8, 2023. About Occidental Occidental is an international energy company with assets primarily in the United States, the Middle East and North Africa. We are one of the largest oil producers in the [...]

Occidental will announce its second quarter 2023 financial results after close of market on Wednesday, August 2, 2023, and will hold a conference call to discuss results on Thursday, August 3, 2023, at 1 p.m. Eastern/12 p.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 [...]