Operator · Canada Oil Sands, Cline Shale & Permian Basin
Occidental Petroleum Corp
80 articles mentioning Occidental Petroleum Corp · Page 3 of 4
Oxy Wraps Up $55 Billion Acquisition of Anadarko
Occidental Petroleum has finalized its acquisition of Anadarko Petroleum - the transaction is valued at approximately $55 billion (including debt). Vicki Hollub, President and Chief Executive Officer, said: "With Anadarko's world-class asset portfolio now officially part...
Oxy Talks Q2 Activity; Wraps Up Anadarko Mega-Merger
Occidental Petroleum reported its Q2 2019 results. President and Chief Executive Officer Vicki Hollub, said: “We are pleased to deliver another quarter of strong operational and financial results. The strength of our integrated business model and...
Oxy Adds Investment Pro to Board of Directors
Occidental Petroleum reported that Robert "Bob" M. Shearer, a former managing director of BlackRock Advisors LLC, has been elected to its Board of Directors. About Shearer Mr. Shearer, 64, has over 35 years of experience in...
Icahn Launches Proxy Battle with Oxy
Corporate raider Carl Icahn is seeking to gain more control over Occidental Petroleum in what looks to be a developing proxy battle, according to a recent Schedule 14A document filed with the SEC. This comes after...
Anadarko CEO Walker to Get $98MM Post-Oxy Merger; Five More Execs Score Payouts
Anadarko Petroleum CEO Al Walker will walk away with a $98 million-dollar payout when Occidental Petroleum finalizes its $38 billion acquisition of Anadarko, according to a recent filing with the SEC. In addition to Walker, five...
Oxy Outmaneuvers Competition in Battle for Anadarko as Chevron Walks Away
Chevron announced that it will not make a counterproposal to Anadarko Petroleum's superior deal with Occidental Petroleum and will allow the four-day match period to expire. Accordingly, Chevron anticipates that Anadarko will terminate their pending $33B...
Anadarko Bites on "Superior" Oxy Offer; Chevron Must Up Ante to Salvage Deal
Anadarko Petroleum's board has unanimously determined that the revised acquisition proposal it received from Occidental Petroleum constitutes a "Superior Proposal" (as defined in Anadarko's previously announced merger agreement with Chevron). As a result, Anadarko intends to...
Oxy Sweetens Merger Offer for Anadarko; Over 23% Premium to Chevron Offer
Occidental Petroleum has sent a revised offer to Anadarko Petroleum, upping the ante in its quest to woo Anadarko from its pending merger with Chevron. Oxy's latest offer proposes that Oxy acquire Anadarko for $76.00 per...
Oxy: Total Has Agreed to Acquire Andarko's International Assets for $8.8 Billion
As Occidental Petroleum tries to woo Anadarko Petroleum into a merger deal with a new offer, Oxy now says that Total SA has agreed to acquire Anadarko's Algeria, Ghana, Mozambique assets for $8.8 billion. This is...
Berkshire Hathaway Joins In on Oxy's Bid for Anadarko; $10B Investment
Warren Buffett's company Berkshire Hathaway, Inc. has committed to invest a total of $10 billion in Occidental Petroleum should Oxy successfully acquire Anadarko Petroleum in the coming months. The investment is contingent upon Occidental entering into...
Anadarko Resuming Merger Negotiations with Oxy After Latest Offer
Anadarko Petroleum reported that it intends to resume merger negotiations with Occidental Petroleum. This is in response to Occidental's proposal to acquire Anadarko, which was announced by Oxy on April 24, 2019. Following consultation with its...
Oxy Continues Vying for Anadarko; Tries to Sway Board with New Offer
Oxy has upped in ante in the competition regarding the acquisition of Anadarko Petroleum, submitting a better offer than is presented in Anadarko's pending $33B merger deal with Chevron. In a letter sent to Anadarko's board...
Reports: Oxy Bid More than Chevron for Anadarko
Chevron Corp. and Anadarko Petroleum's unexpected $33B merger deal surprised the industry when it was announced on April 12, 2019. In the time since the announcement, a report by CNBC has surfaced that Occidental Petroleum was...
Oxy Slims Down 2019 Budget by ~13%; Keeping Rigs Flat at 13-14
Occidental Petroleum reported its 2019 capital plan as well as its 2018 results. The company initially announced a budget of between $5.0-5.3 billion back in November 2018. However, as you can see below, the company trimmed...
Top 10 Reeves County Wells Completed in 2018; 5600 Boe/d
Here is a look at the top wells completed in Reeves County, TX in 2018. Click Image to Enlarge Oxy took the top spot with the STATE PECK 248-257-1N 11H. The well was completed with almost...
Oxy IDs 2019 Budget; Hits Record Bone Spring IP24 of 8,931 BOEPD
Occidental Petroleum reported its Q3 2018 results. 2019 Capex IDed Oxy has announced it has planned a 2019 budget of $5.0-5.3 billion - this is a slight increase of +3% at the midpoint from 2018's budget...
Oxy Ditches Extension Plans for ISND Project Offshore Qatar
Oxy has confirmed it will no longer pursue the extension of the Idd El-Sharghi North Dome (ISND) offshore field in Qatar, which expires in October 2019. Occidental intends to have the production and cash flow from...
Top 20 Permian Basin Wells Drilled: From 4,000 BO/d to 10,000 BO/d
Today in Charts We are taking a look at the top 20 Permian Basin wells drilled this year. You can click download the excel spreadsheet here.
Oily Reeves County Wolfcamp A Well Flows 4,000 BO/d
According to Shale Experts' Scout Database, Occidental Petroleum (Oxy) has reported a well that hit 4,000 BOPD. The Lyda 33-40-3S State (Permit #833141) well targeted the Wolfcamp A formation and was drilled to a total depth...
Oxy Boosts 2018 Budget +28% to $5.0B, Making Room for More Permian Activity
Oxy reported its Q2 2018 results. Oxy Boosts Budget to $5.0 Billion The company has updated its 2018 capital program, including a +28% boost to its budget (predominantly for Permian spending - which has been increased...