Operator · Canada Oil Sands, Cline Shale & Permian Basin
Occidental Petroleum Corp
80 articles mentioning Occidental Petroleum Corp · Page 1 of 4
Permian E&P Bucking The Trend; Plan to Increasing Drilling & Fracs in 2026
Occidental’s 2025 U.S. onshore program is centered on the Permian, with ~$3.5B of Permian CapEx and ~$0.8B in the Rockies, totaling ~$4.3B. This supports ~15 net rigs in the Permian and ~2 net rigs in the...
Berkshire Hathaway to Buy Occidental’s OxyChem for $9.7B in Cash
Berkshire Hathaway is doubling down on its long-running relationship with Occidental—this time through a major downstream industrial move. Occidental and Berkshire Hathaway announced a definitive agreement for Berkshire to acquire OxyChem, Occidental’s chemical business, in an...
Occidental Eyes $10 Billion OxyChem Sale Amid Debt and Capital Discipline Push
Occidental Petroleum is in advanced talks to sell its chemical subsidiary, OxyChem, in a transaction that could raise at least $10 billion. According to reuters. The company has spent the past year underlining a single message...
CrownRock Wasted No Time Sellling Oxy Shares It Acquired
Crown Rock Holding is selling 29.6 million shares of Oxy worth $1.7 billion it acquired as part of the $12 billion deal Oxy signed when it acquired the company. CrownRock Holdings owns the general partner that...
E&P Companies Talk Increase In 2023 Plans; Rigs, Frac Crews and Capital Budgets
Updated : 11/15/2022 EOG Resources Drilling Activity : 28-30 Rigs Frac : 8-10 Frac Crews "Through their efforts, we now expect our average well cost to increase a modest 7% as compared to last year. As...
Occidental Petroleum Second Quarter 2022 Results
Occidental reported its second quarter 2022 results. Results Summary Oxy announced net income attributable to common stockholders for the second quarter of 2022 of $3.6 billion, or $3.47 per diluted share, and adjusted income attributable to...
Oxy First Quarter 2022 Results
Occidental Petroleum reported its first quarter 2022 results. Highlights: Repaid $3.3 billion of debt, representing 12% of total outstanding principal Earnings per diluted share of $4.65 and adjusted earnings per diluted share of $2.12 Cash flow...
Operator Ramps Up 2022 Permian Spending by 65%; Nine Rigs, 315 Completions
Occidental Petroleum detailed its 2022 capital plan and guidance. 2022 Plan - Capex: $3.9-4.3 billion - up 43% vs. 2021 Oil and Gas D&C: $3.2-3.4 billion - up 38% vs. 2021 Midstream & Corporate: $200 million...
Occidental Petroleum Fourth Quarter, Full Year 2021 Results
Occidental Petroleum announced its fourth quarter and full year 2021 results. Highlights: Announced new shareholder return framework and additional debt reduction target Earnings per share of $1.37 per diluted share and adjusted earnings per share of...
An Early Look at 2022: E&P Budget, Drilling & Completion Plans
Several operators gave a sneak peek of their 2022 capital plans in their Q3 reports. Below is a summary of what the E&Ps are planning for next year. Capital budgets are set to increase and, with...
Occidental Petroleum Third Quarter 2021 Results
Occidental Petroleum reported its Q3 2021 results. Highlights: Cash flow from continuing operations of $2.9 billion and cash flow from continuing operations before working capital of $3.0 billion Efficient deployment of capital spending of $656 million,...
Occidental Petroleum Second Quarter 2021 Results
Occidental reported its 2021 results. Oxy announced a net loss attributable to common stockholders for the second quarter of 2021 of $97 million, or $0.10 per diluted share, and adjusted income attributable to common stockholders of...
Occidental Petroleum First Quarter 2021 Results
Occidental Petroleum reported its Q1 2021 results. Highlights: Cash flow from continuing operations of $0.8 billion and cash flow from continuing operations before working capital of $2.1 billion Maintained capital discipline with spending of $579 million,...
Oxy Keeping Capex, Production Levels Steady for 2021; Q4 Results
Occidental reported its Q4 / full year 2020 results as well as its 2021 capital plans. 2021 Plans - Capex: $2.9 billion - 4% increase vs. 2020 capex of $2.8B D&C: $1.624 billion (56%) Facilities: $667...
Occidental Petroleum Third Quarter 2020 Results
Oxy reported its Q3 2020 results. Highlights: Exceeded $2.0 billion 2020 divestiture target Raised $5.0 billion in senior unsecured debt, retired $5.0 billion of near-term maturities and reduced outstanding debt by $1.3 billion year-to-date Exceeded global...
Colorado Oil & Gas Regulators Vote to Support 2,000' Setback
After five days of hearings, all but one member of the Colorado Oil and Gas Conservation Commission voiced support yesterday for 2,000-ft. setbacks, significantly larger than those proposed by Commission staff. The current setback is 200...
Oxy to Pay Buffett's Berkshire $200MM in Dividends as Financials Improve
In a move that bodes well for its financial future, Occidental Petroleum plans to pay Warren Buffett and his company $200 million in preferred share dividends, according to a report by Bloomberg. This equates to a...
Colorado Regulators Support 2,000 foot Setback
The Colorado Oil and Gas Conservation Commission voiced support for large buffers around well drilling sites. The majority of the five-member panel said Wednesday they endorse setbacks of 2,000 feet, significantly larger than those proposed by...
Occidental Petroleum Second Quarter 2020 Results
Occidental Petroleum reported its Q2 2020 results. Highlights: All business segments exceeded guidance and continued to deliver operational excellence Combined production of 1,406 Mboed from continuing operations, exceeding midpoint of guidance by 36 Mboed Permian Resources...
Oxy Reinstates Salaries for Execs; Some See Full Restoration of Pay
Occidental Petroleum is restoring its executive pay/compensation metrics after implementing cuts earlier in the year due to COVID-19. The decision was disclosed in its most recent 8-K filing (filed at the close of business on Thursday...