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Occidental Petroleum Corp

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  • Sector Snap: Energy stocks rise as Iran talks continue Wednesday, 1 Apr 2015 | 1:56 PM ET

    NEW YORK— Shares of energy companies rose Wednesday as negotiations with Iran over the country's nuclear program continued past their deadline. Three of the six foreign ministers involved left the negotiations, but Iran's foreign minister said most of the issues have been solved. The international community wants to limit Iran's ability to create a nuclear...

  • The fall was slight, but it was just the second year-over-year decline since April 2010, when an oil production boom was just beginning to transform Midland. Midland has a population of around 140,000, and an economic decline there alone should not seriously dent the state economy. At the heart of the Permian Basin, one of the biggest oil deposits in the country,...

  • BP drops out of conservative ALEC policy group Monday, 23 Mar 2015 | 6:06 PM ET

    WASHINGTON, March 23- Oil company BP said on Monday it has stopped supporting conservative political group ALEC, becoming the latest corporation to end its membership in a group critics say works to deny the existence of climate change. Earlier in 2014, Google did the same. Google executive chairman Eric Schmidt said his company wanted out because ALEC was "...

  • *FXCM jumps on results, Aeropostale down on outlook. Chevron Corp fell 1.4 percent to $101.03 while Occidental Petroleum lost 1.4 percent to $73.50. "It's a bit of a surprise that the U.S. continues to produce at such a high level, and that amount of oil surplus continues to push the commodity lower," said Michael Arone, chief investment strategist for State Street...

  • MEXICO CITY, March 12- Mexico's government on Thursday urged the private sector to take a bigger role in billions of dollars worth of planned public works and the opening of the country's energy sector, weeks after scaling back its own planned spending due to slumping oil prices. Mexico, a major crude exporter, has suffered from a slowdown in growth in the past two...

  • US STOCKS-Wall St slumps 1 pct as dollar strengthens Tuesday, 10 Mar 2015 | 11:07 AM ET

    *Urban Outfitters up after results, Barnes& Noble down. Concerns over Greece's debt talks added to the day's weakness, which took the S&P 500 below its 50- day moving average, a sign of weak near-term momentum. "There's some concern about what impact this will have on corporate earnings going forward, especially for the big multi-national companies," said Nicholas...

  • US STOCKS-Wall St slumps on Greece concerns Tuesday, 10 Mar 2015 | 9:51 AM ET

    *Qualcomm jumps in premarket, to buy back shares. NEW YORK, March 10- U.S. stocks fell on Tuesday, dropping in a broad decline amid renewed concerns about debt talks with Greece and as crude oil fell, weighing on energy shares. "There's a lot of rhetoric out there, some of which feels like name-calling, all of which makes the situation read as worse than it used to be," said...

  • WILLISTON, N.D., Feb 19- One of the strongest leaders of the U.S. shale revolution has been humbled by plunging oil prices. On Thursday, the number of rigs drilling in North Dakota fell below 130 for the first time in years, a level the state's top official said is necessary to prevent output from falling. ConocoPhillips and Occidental Petroleum Corp, among many others,...

  • WILLISTON, N.D., Feb 19- One of the strongest leaders of the U.S. shale revolution has been humbled by plunging oil prices. EOG Resources Inc slashed its 2015 budget on Wednesday amid cheap crude and said its output will not grow this year, mere months after confidently saying it was strong enough to weather the downturn without cutbacks. ConocoPhillips and...

  • NEW YORK, Jan 30- Stock prices in the U.S. energy sector have been under pressure in 2015, and there could be more bad news to come when several key players report their fourth-quarter results next week. Energy company earnings are seen tumbling 25 percent in the fourth quarter, according to Thomson Reuters data, a bigger decline than the drop of 19.8 percent...

  • WILLISTON, N.D., Jan 29- Occidental Petroleum Corp Chief Executive Stephen Chazen quipped on Thursday that his larger rival Chevron Corp was too poor to buy the No. 4 U.S oil producer, but the offhand remark sent Oxy's stock up anyway. Wolfe Research's Paul Sankey said. Laughter was audible in the background, but eyebrows were raised by the mention of a specific...

  • HOUSTON/ WILLISTON, N.D., Jan 29- ConocoPhillips and Occidental Petroleum Corp on Thursday slashed exploration spending plans for this year, as the third- and fourth-largest U.S. oil companies attempt to cope with a steep slide in crude prices. The cuts follow similar steps by rival Hess Corp earlier this week while Royal Dutch Shell, Europe's largest oil company,...

  • PARIS/ DUBAI, Jan 29- Total became the first oil major to renew a 40- year onshore concession in Abu Dhabi, putting its peers under pressure to improve terms after the local partner said the French firm made the best offer. The state-run Abu Dhabi National Oil Company signed an agreement on Thursday with Total giving the firm a 10 percent stake in the new concession...

  • PARIS/ DUBAI, Jan 29- State-run Abu Dhabi National Oil Company signed an agreement on Thursday with Total giving the French oil major a 10 percent stake in a new 40- year onshore concession to help operate the United Arab Emirates' biggest oilfields. Nine Asian and Western firms had bid for stakes in the Abu Dhabi Company for Onshore Oil Operations concession...

  • US STOCKS-Wall St rises on report of ECB action; IBM falls Wednesday, 21 Jan 2015 | 12:25 PM ET

    *IBM shares fall after results, Netflix rallies. NEW YORK, Jan 21- U.S. stocks rose in a volatile session on Wednesday on reports that new stimulative measures would be announced by the European Central Bank at its meeting tomorrow, though a tepid outlook from IBM limited the Dow's gains. "The timing and duration of bond purchases is just as important as the actual...

  • US STOCKS-Wall St rises on report of ECB action Wednesday, 21 Jan 2015 | 11:09 AM ET

    *IBM shares fall after results, Netflix rallies. NEW YORK, Jan 21- U.S. stocks rose in a volatile session on Wednesday on reports that new stimulative measures would be announced by the European Central Bank at its meeting tomorrow, though a tepid outlook from IBM limited the Dow's gains. The Wall Street Journal reported that the ECB's Executive Board has proposed a...

  • Oil, dollar to determine earnings winners, losers Wednesday, 14 Jan 2015 | 10:53 AM ET
    A CSX employee walks on a locomotive while on a siding at Worthville, Ky., Oct. 11, 2013.

    The plunge in oil and the strong dollar are the lead factors in determining stocks to buy or short as the fourth quarter earnings reports come out.

  • It's all about oil, the euro and a strong dollar Monday, 5 Jan 2015 | 10:43 AM ET
    A man walks by a euro sign light installation in Vilnius, Lithuania, on Dec. 31, 2014.

    If the weak euro, strong dollar and cheap oil persist, these commodities and stocks will predictably take a hit.

  • Oil bottom near? Pro says worst may be over Tuesday, 30 Dec 2014 | 4:36 PM ET
    The price of gas is seen on a pump at a Sunoco gas station in Rockbridge, Ohio.

    There were some telling signs in the market after U.S. crude fell below $54 that have one pro thinking the worst may be over.

  • Buy oil stocks? Supply side may adjust Tuesday, 23 Dec 2014 | 10:10 AM ET
    Manual shutdown equipment at an Anadarko Petroleum oil rig in Fort Lupton, Colorado, Aug. 12, 2014.

    Big oil stocks are still not cheap, but it may be more useful to look at capital expenditures and production estimate metrics.