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Occidental To Slash Spending After Swinging To Loss

2019-11-05 07:23:00| OGI

Occidental Petroleum Corp. said on Nov. 4 it would slash spending on big projects by 40% next year, as it missed earnings estimates in its first results after closing its $38 billion purchase of rival Anadarko Petroleum.

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Occidental Estimates Higher 3Q Production On Permian Boost

2019-10-15 15:31:36| OGI

The shale producer expects production from continuing operations to be 1.1 million to 1.12 million barrels of oil equivalent per day.

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Occidental Tentatively Books Oil Supertanker For Record $13.25 million To Asia

2019-10-08 15:35:40| OGI

Occidental is one of the biggest exporters of U.S. crude and routinely ships to Asian buyers, trade sources said. The company did not respond to requests for comment.

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Occidental Puts Plans To Divest Western Midstream On Ice

2019-10-05 12:22:59| OGI

Occidental Petroleum Corp has put plans to divest part of its ownership in pipeline operator Western Midstream Partners on hold until next year, after failing to attract an offer it deemed attractive, people familiar with the matter said on Oct. 4.

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Occidental Starts Up Solar Facility Directly Powering Permian Basin Operations

2019-10-03 20:17:16| OGI

Occidental started on Oct. 3 its first solar facility to directly power an enhanced oil recovery field operation in the Permian Basin.

Tags: directly operations starts facility

 

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