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Occidental Petroleum Caps 2021 Spending as COVID-19 Hits Prices
2020-11-10 19:35:00| OGI
Occidental is returning drilling rigs to work in the Permian Basin in the southwestern U.S. and in Colorado this quarter, and returned a drillship to the Gulf of Mexico in early October.
Tags: prices
hits
spending
caps
Occidental Petroleum Posts Fourth Straight Adjusted Loss
2020-11-09 22:30:00| OGI
Occidental Petroleum has been forced to slash jobs, production and the value of its oil and gas assets as it struggles with the debt taken on in last year's $38 billion acquisition of Anadarko Petroleum.
Tags: posts
loss
straight
fourth
Occidental CEO Vicki Hollub Expects Oil Markets to Rebalance by Year-end 2021
2020-10-14 21:25:00| OGI
U.S. crude oil output will grow modestly next year, Occidental Petroleum CEO Vicki Hollub says.
Occidental Petroleum to Sell Colombia Onshore Assets for $825 Million
2020-10-01 17:30:00| OGI
Occidental Petroleum said it is continuing to advance other asset sales as it tries to find cash to pay off debt amid a crude price crash. It has so far announced over $2 billion worth of divestitures this year.
Tags: sell
million
colombia
assets
Occidental Petroleum to Pay Dividend to Buffetts Berkshire in Cash
2020-09-21 20:30:00| OGI
Occidental Petroleum said Sept. 21 it will pay a $200 million quarterly dividend to Warren Buffett's Berkshire Hathaway in cash instead of common stock, even as the company tries to reduce debt.
Tags: pay
cash
petroleum
dividend
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