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Debt a complicating factor in oil bust, Occidental CEO warns
2016-02-23 02:22:58| Oil & Gas - Topix.net
The massive amount of dollars owed and the terms they come with could force more oil and gas drillers to restructure their businesses in bankruptcy court instead of pursuing cost-saving combinations with competitors, Occidental Petroleum CEO Stephen Chazen tells the IHS CERAWeek conference. Companies typically can combine to reduce costs in times of struggle, but many oil and gas companies already have made deep cuts to overhead, and a number of loans come with terms that could make mergers difficult, Chazen says.
Occidental Petroleum Co. (OXY) Stake Boosted by FirstMerit Bank
2016-02-19 13:03:15| Oil & Gas - Topix.net
FirstMerit Bank raised its stake in shares of Occidental Petroleum Co. by 32.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission .
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occidental
Occidental Petroleum Rating Reiterated by Deutsche Bank
2015-10-04 03:47:55| Oil & Gas - Topix.net
's stock had its "buy" rating restated by research analysts at Deutsche Bank in a note issued to investors on Tuesday, AnalystRatings.NET reports. Shares of Occidental Petroleum traded up 4.27% during midday trading on Tuesday, hitting $68.79.
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deutsche
petroleum
Weekly Research Analysts' Ratings Updates for Occidental Petroleum
2015-09-21 13:31:41| Oil & Gas - Topix.net
They now have a "neutral" rating on the stock. 9/11/2015 - Occidental Petroleum had its price target lowered by analysts at Cowen and Company from $86.00 to $84.00.
Tags: research
ratings
updates
weekly
Occidental Petroleum pays Peru indigenous confidential sum in Amazon pollution settlement
2015-03-05 22:30:38| Energy - Topix.net
Indigenous communities that sued Occidental Petroleum over contamination in Peru's northern Amazon have reached an out-of-court settlement in which the California-based oil company will pay them an undisclosed sum. The amount is confidential, under a settlement that was reached in 2013 in Los Angeles federal court but not announced until Thursday.
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