The "Fast Money" traders share their final trades of the day.» Read More
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 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.
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.
*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.
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.
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.
September's tepid jobs growth signals a squishy enough employment picture to push any wind down of Fed easing into next year.
Take a look at some of Friday's midday movers:
*Could sell stake in Plains All American Pipeline for $1.3 bln. Oct 18- Occidental Petroleum Corp will look to sell a minority stake in its Middle East and North African operations and said it will consider options for some of its oil and gas assets in the Rocky Mountain region.
Oct 18- Oil and gas company Occidental Petroleum Corp said it is looking to sell a minority stake in its Middle East and North Africa operations and will consider options for some Rocky Mountain assets.
When Congress strikes a budget deal, "the market's going to want to buy that news," strategist Josh Brown says.
*Oil production in Gulf of Mexico ramping up towards normal. *China services PMI slowed in September- HSBC survey. SINGAPORE, Oct 8- Brent futures fell slightly but held above $109 a barrel on Tuesday, as oil production in the Gulf of Mexico returned to normal and the U.S. budget crisis continued to cloud the outlook for demand in the world's biggest oil consumer.
*Oil production in Gulf of Mexico ramping up towards normal. *China services PMI slowed in September- HSBC survey. SINGAPORE, Oct 8- Brent futures fell slightly but held above $109 on Tuesday, as oil production in the Gulf of Mexico returned to normal and the U.S. budget crisis continued to cloud the outlook for demand in the world's biggest oil consumer.
BOGOTA, Oct 7- Colombia's second most important oil pipeline, the Cano Limon-Covenas, has been temporarily shut down after three bomb attacks, state oil company Ecopetrol said on Monday, explosions the security forces attributed to leftist guerrillas.