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Occidental Petroleum Corp

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  • NEW YORK— Oil and gas exploration and production company Occidental Petroleum said Friday it elected former ConocoPhillips executive Eugene Batchelder as its new chairman. He had been Occidental Petroleum Corp.' s chairman since 2013 and was a company director since 1996.. He has been a director of Occidental Petroleum since 2013..

  • TOKYO/ ABU DHABI, April 27- Japan's Inpex Corp became the first Asian oil company to get a stake in a new 40- year onshore oil concession in Abu Dhabi, joining France's Total in developing the United Arab Emirates' biggest oilfields. Abu Dhabi National Oil Company said on Monday it had granted Inpex a 5 percent stake in the new concession. The Inpex concession gives...

  • *Saudi-led coalition continues Yemen bombings. SINGAPORE, April 24- Oil prices held steady on Friday near 2015- highs reached the session before, remaining on track for weekly gains after renewed air strikes in Yemen stoked concerns on the security of Middle East oil shipments. Brent crude for June delivery had climbed 22 cents to $65.09 a barrel by 0706 GMT,...

  • *Saudi-led coalition continues Yemen bombings. SINGAPORE, April 24- Oil prices on Friday edged down from 2015- highs reached in the previous session, but prices remained on track for weekly gains after renewed air strikes in Yemen stoked concerns on the security of Middle East oil shipments. Brent crude for June delivery was down 30 cents at $64.55 a barrel by...

  • Oil prices edge back from 2015-highs Thursday, 23 Apr 2015 | 10:26 PM ET

    *Saudi-led coalition continues Yemen bombings. SINGAPORE, April 24- Oil prices on Friday edged back from 2015- highs reached the session before, but remain on course for weekly gains after renewed air strikes in Yemen stoked concerns on the security of Middle East oil shipments. The spike in prices on Thursday came as warplanes from a Saudi-led coalition...

  • HOUSTON, April 23- There is a growing disconnect between Houston and Wall Street over when slumping oil prices will recover. Beaten down by a seven-month rout that slashed crude prices from over $147 a barrel last summer to $42 a barrel, producers are bracing for oil to remain at about $60 a barrel for as long as the next five years or so, according to executives...

  • The world's most important oil producer is now ... Monday, 20 Apr 2015 | 9:52 AM ET
    An oil well in the Permian Basin is shown in Garden City, Texas, Feb. 5, 2015.

    US oil companies have quickly become the new swing factor in the oil market. How they react to the crash will be key to future oil prices.

  • A 3,000% tax rate? Be glad it's not you Wednesday, 15 Apr 2015 | 12:39 PM ET
    Fracking crews member watches over water tanks at an Anadarko Petroleum Corporation site near Brighton, Colorado.

    There are 10 companies in the S&P that paid effective tax rates of 60% or greater last year. USA Today reports.

  • Energy investors, beware ‘the great cram-down’ Wednesday, 8 Apr 2015 | 5:05 PM ET
    A floor hand for Raven Drilling works on an oil rig, drilling into the Bakken shale formation outside Watford City, N.D.

    After Shell's BG deal, investors might be tempted to chase the next potential energy takeout. Here's why that could be a big mistake.

  • 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 "...

  • Power Play: When to start investing in energy again Monday, 23 Mar 2015 | 1:40 PM ET
    Rig floorhands clean a drilling pipe at a natural gas well in the Eagle Ford shale in Karnes County, Texas.

    Why energy stocks will head higher later in the year.

  • *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...

  • US stocks overvalued, expect more volatility: Pro Wednesday, 4 Mar 2015 | 3:31 PM ET
    Traders work the floor of the New York Stock Exchange.

    USAA's Bernie Williams and UBS's Julian Emanuel weigh on the market and where they'd put their money to work.

  • Cramer: Oil is a battleground—Wall St is clueless Thursday, 19 Feb 2015 | 6:24 PM ET
    An oil well in the Permian Basin is shown in Garden City, Texas, Feb. 5, 2015.

    Jim Cramer is seeing schizophrenic estimates from oil analysts. Here's the best way to best play the battling oil patch.

  • 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...