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Occidental Petroleum Agrees to $1.33 Billion Sale of Rockies Assets

2020-08-19 21:35:00| OGI

The sale, which doesnt include Occidental Petroleums core oil and gas assets in the Rockies, significantly advances the progress of the  $2 billion-plus divestiture target the company set for 2020, CEO Vicki Hollub says.

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Occidental Petroleum Financing Major CO2 Removal Plant in Permian Basin

2020-08-19 19:25:00| OGI

The facility will be located on 100 acres in Texas' Permian Basin and will capture up to 1 million metric tons of CO from the atmosphere a year, Occidental Petroleum said in a joint statement with Rusheen Capital.

Tags: major plant removal financing

 
 

Occidental to Cut Debt Before Boosting Oil Production, CEO Vicki Hollub Says

2020-08-11 20:35:00| OGI

Occidental is restarting some activity in the Permian Basin and Gulf of Mexico, but its focus is to "ensure that we have the liquidity to go forward so we have the ability to meet our maturities," CEO Vicki Hollub says.

Tags: production says cut oil

 

Occidental Petroleum Posts Fourth Straight Quarterly Loss on $6.6 Billion Write-down

2020-08-10 22:30:00| OGI

Occidental Petroleum posted its fourth straight quarterly loss on Aug. 10 as it recorded a $6.6 billion impairment charge, largely to write down the value of its properties following a crash in oil prices.

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Occidental Petroleum Reportedly Nearing $4.5 Billion Asset Sale

2020-07-30 11:10:00| OGI

Pertamina is negotiating the acquisition of Occidental's oil and gas stakes in countries including Ghana and the United Arab Emirates, a report said, citing people with knowledge of the matter.

Tags: sale billion asset petroleum

 

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