Occidental Petroleum Corp


  • April 14- Oilfield services and drilling company Nabors Industries Ltd said it would separate the roles of chairman and chief executive after the tenure of CEO Anthony Petrello ends and limit severance payments for executives. Shareholders California State Teachers' Retirement System and Blue Harbour Group welcomed the steps.

  • Nabors to split CEO, chairman roles Monday, 14 Apr 2014 | 7:20 AM ET

    April 14- Oilfield services and drilling company Nabors Industries Ltd said it would separate the roles of chairman and chief executive after the tenure of CEO Anthony Petrello ends, following shareholder requests. Nabors also said it was limiting severance payments for executives to 2.99 times their salary and bonus.

  • SAN FRANCISCO, March 19- The council of the Los Angeles County city of Carson, California, has unanimously approved a 45- day moratorium on new oil and gas drilling, a setback for Occidental Petroleum's plans to drill more than 200 new wells there and the latest example of local governments taking a stand against fracking.

  • NEW YORK, March 7- Famed oil bull Andy Hall's hedge fund rose nearly 8 percent in February in its biggest monthly gain in 2-1/ 2 years, boosted by a rally in crude oil that could help Occidental Petroleum's chances of selling its stake in the fund.

  • *To move headquarters to Houston from Los Angeles. Feb 14- Occidental Petroleum Corp said it would spin off its oil and gas assets in California into a separately traded company and move its headquarters from Los Angeles to Houston, where it will be closer to its largest U.S. operations.

  • Feb 14- Oil and gas producer Occidental Petroleum Corp said it would spin off its California assets into a separately traded company, creating the state's largest natural gas producer. The California unit has been deemed to be a drag on the company due to elusive growth in oil production.

  • Occidental Petroleum to spin off California assets Friday, 14 Feb 2014 | 7:09 AM ET

    Occidental said the new company, which would hold 2.3 million net acres, would have major operations in the state's high-potential oil and gas basins, including Los Angeles, San Joaquin, Ventura and Sacramento.

  • HOUSTON, Jan 30- Oil producer ConocoPhillips outshone larger competitors on Thursday with a quarterly profit that beat expectations as it moved to overcome the problems of high costs and lack of fresh reserves that have nagged at Exxon Mobil Corp and Royal Dutch Shell.

  • Occidental Petroleum posts higher fourth-quarter profit Thursday, 30 Jan 2014 | 7:14 AM ET

    Jan 30- Occidental Petroleum Corp said its fourth-quarter profit jumped from a year earlier when it wrote down the value of gas properties in the U.S. midcontinent by $1.1 billion. Net income rose to $1.64 billion, or $2.04 cents per share, in the quarter ended Dec. 31, from $336 million, or 42 cents per share, a year earlier.

  • Dec 23- Occidental Petroleum Corp reached a $26 million settlement with its former chairman, Ray Irani, adding to the executive's billion-dollar haul over more than two decades. Following Irani's ouster as chairman by shareholders in May, Occidental said on Monday he would get $14 million, but not a $16.8 million termination payment he had claimed.

  • DUBAI, Dec 9- Three state-owned Gulf firms are considering a joint bid for a minority stake in Occidental Petroleum Corp's Middle East and North Africa unit, a deal that could be worth between $8 billion and $10 billion, three banking sources said.

  • NEW YORK, Nov 4- Carbon dioxide injected into oil and gas wells may have caused a series of minor earthquakes in Texas long before the adoption of current hydraulic fracking, according to a study published on Monday in a national science journal.

  • UPDATE 2-Conoco turns homeward for oil growth Thursday, 31 Oct 2013 | 11:17 AM ET

    *Expects about $9 bln from asset sales in Kazakhstan, Algeria, Nigeria. Oct 31- ConocoPhillips, abandoning higher-risk assets in favor of oilfields closer to home, said it expects proceeds of nearly $9 billion from the sale of its interests in Kazakhstan, Algeria and Nigeria.

  • Get over taper talk. Pro offers 3 Fed-proof stocks Wednesday, 30 Oct 2013 | 1:01 PM ET

    Westwood Holding Group’s Mark Freeman has investment recommendations for companies less dependent on Fed stimulus.

  • Oct 29- Occidental Petroleum Corp delivered a larger-than-expected 15 percent rise in third-quarter profit, driven by a rise in U.S. oil output, cost cutting and higher prices for what it produced. Third-quarter net profit was $1.58 billion, or $1.96 per share, up from $1.38 billion, or $1.69 per share, a year earlier.

  • Early movers: AET, ADM, PFE, AAPL & more Tuesday, 29 Oct 2013 | 7:47 AM ET

    Some of the names on the move ahead of the open.

  • Data will be the key as Fed meeting starts Monday, 28 Oct 2013 | 9:36 PM ET

    As the Fed begins its two-day policy meeting Tuesday, markets will get a look at how consumers behaved just before the government shut down.

  • Weak jobs report signals longer Fed easing Tuesday, 22 Oct 2013 | 10:50 AM ET

    September's tepid jobs growth signals a squishy enough employment picture to push any wind down of Fed easing into next year.

  • Midday movers: Google, Kansas City & more Friday, 18 Oct 2013 | 12:25 PM ET

    Take a look at some of Friday's midday movers:

  • 'Headline-by-headline market' = trading headaches Monday, 14 Oct 2013 | 1:49 PM ET

    When Congress strikes a budget deal, "the market's going to want to buy that news," strategist Josh Brown says.

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