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Occidental Petroleum Faces Lawsuit Over Payment of Crude Deliveries
2020-07-17 00:00:00| OGI
In the lawsuit, midstream marketing firm MidCon Gathering alleges Occidental did not pay for crude deliveries, the latest dispute to arise from production shut-ins prompted by a crash in oil prices this year.
Tags: payment
faces
petroleum
lawsuit
Occidental Petroleum Warns of Up to $9 Billion Asset Write-down
2020-06-25 16:30:00| OGI
Occidental Petroleum separately said it would buy back up to $1.5 billion worth of senior notes as it tries to reduce its debt, which ballooned after an ill-timed acquisition of Anadarko Petroleum last year.
Tags: billion
asset
petroleum
occidental
Occidental Reportedly Reviewing Options for Middle East Assets
2020-06-09 11:10:00| OGI
Occidental Petroleum has been trying to sell assets to reduce the $40 billion in debt it took on since its $38 billion purchase of Permian rival Anadarko Petroleum last year.
Tags: options
east
middle
assets
Occidental Reports Resounding Election for Directors Despite Battered Share Price
2020-06-04 11:10:00| OGI
The votes came in the first annual meeting held since Occidental Petroleum's acquisition of Anadarko, an ill-timed bet that has knocked its share price by 78% since its interest was first disclosed.
Tags: price
share
reports
directors
Occidental, Equinor Remove Offshore Workers Ahead of Gulf of Mexico Storm
2020-06-03 23:25:00| OGI
Other U.S. Gulf operators, including Chevron, Exxon Mobil, BHP, Shell and Hess, said June 3 they are monitoring the storm but have not evacuated workers so far.
Tags: remove
mexico
ahead
workers
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