Occidental Petroleum Corp


  • Hess Breakup Maps Path to Shale Riches Monday, 4 Mar 2013 | 12:16 PM ET

    Hess plans to split off its oil and gas refining and marketing businesses to refocus on drilling its shale energy assets.

  • Hess to Exit Retail to Focus on Oil, Gas Exploration Monday, 4 Mar 2013 | 10:26 AM ET

    Hess will exit its retail, energy marketing, and energy trading businesses following pressure from an activist investor to break up the company.

  • China the Frontrunner to Buy Exxon's Iraqi Assets Thursday, 20 Dec 2012 | 7:55 PM ET

    China National Petroleum Corp (CNPC) has emerged as the frontrunner to take over Iraq's West Qurna-1 oilfield from Exxon Mobil, a move that would diminish Western oil influence in Iraq a decade after the U.S.-led invasion.

  • *Conoco 2012 spending seen at $15.5 billion- $16 billion. Oct 25- ConocoPhillips and Occidental Petroleum Corp reported quarterly results that topped Wall Street estimates as they produced more oil and gas than expected, even as lower prices hurt profits.

  • Chief Executive Officer Stephen Chazen set a target of lowering costs to 2011 levels by the end of next year, zeroing in on those in the company's home state of California. The stock is down 13 percent so far in 2012, while Exxon Mobil Corp and Chevron Corp are up for that period.

  • Oct 25- ConocoPhillips and Occidental Petroleum Corp reported quarterly results that topped Wall Street estimates as they produced more oil and gas than expected, even as lower prices hurt profits. Conoco had record output in the Eagle Ford basin in south Texas, while Occidental saw strong production of higher-priced crude oil in the Permian Basin.

  • UPDATE 1-Occidental profit tops estimates, shares rise Thursday, 25 Oct 2012 | 1:45 PM ET

    Oct 25- Occidental Petroleum Corp reported a higher-than-expected quarterly profit on Thursday as growing output helped make up for lower oil and gas prices, and its shares rose 2 percent. The fourth-largest U.S. oil company said net profit fell to $1.38 billion, or $1.69 per share, from $1.77 billion, or $2.17 per share, a year earlier.

  • Occidental's 3Q results hurt by lower prices Thursday, 25 Oct 2012 | 10:37 AM ET

    LOS ANGELES-- Occidental Petroleum saw third-quarter profit fall 22 percent as an increase in production was offset by lower oil and natural gas prices. Occidental reported net income of $1.38 billion, or $1.69 per share, in the quarter that ended Sept. 30.

  • Oct 10- Occidental Petroleum Corp:. *S&P Capital IQ cuts Occidental Petroleum price target by $4 to $100;. Reuters Station users, click. 1568.

  • World Bank body says Ecuador owes Occidental $1.8B Friday, 5 Oct 2012 | 10:35 PM ET

    QUITO, Ecuador-- An international arbitration body has ruled Ecuador should pay $1.769 billion to Occidental Petroleum Corp. for revoking the U.S. company's operating concession in 2006..

  • *Barclays raises Anadarko Petroleum Corp price target to $85 from $84;. rating overweight* Barclays cuts Apache Corp price target to $116 from $117; rating overweight. *Barclays raises Devon Energy Corp price target to $67 from $66;.

  • 20 Stocks With the Potential to Pop Friday, 21 Sep 2012 | 4:32 PM ET

    CNBC’s Analytics team looked at the stocks that have average consensus estimates farthest above their current stock prices. Here's what they found.

  • China vs. the US in Africa: Who's 'Winning?' Thursday, 9 Aug 2012 | 5:04 PM ET
    US Secretary of State Hillary Clinton delivers a speech on August 8, 2012 at the University of the Western Cape in Cape Town. Clinton urged South Africa to build on icon Nelson Mandela's legacy and flex its growing influence on the global sticking points of Syria, Iran and Zimbabwe.

    U.S. Secretary of State Hillary Clinton is in the midst of an 11-day trip across sub-Saharan Africa. Speaking on 1 August on the topic “Remarks on Building Sustainable Partnerships in Africa,” Clinton at the University of Cheikh Anta Diop in Dakar, Senegal, Clinton told her audience, “The Obama Administration’s comprehensive strategy on Sub-Saharan Africa is based on four pillars: first, to promote opportunity and development; second, to spur economic growth, trade, and investment; third, to advance peace and security; and fourth, to strengthen democratic institutions.”

  • Potential Value Opportunities in This Market? Monday, 4 Jun 2012 | 1:35 PM ET
    NYSE trader

    CNBC performed an analysis that could unlock some value even in this market.

  • Considering oil slipped down to $83 and change on Friday, lower than most traders ever expected, shouldn’t it at least plateau if not rebound?

  • In Executive Pay, a Rich Game of Thrones Saturday, 7 Apr 2012 | 9:01 PM ET

    Although the growth in CEO compensation slowed last year, the pay numbers are still eye-popping. The New York Times reports.

  • On Wednesday, investors were trying to get a handle on the stock market's bounce, one day after its worst sell-off in three months. The Fast traders have cause for concern.

  • Here Are Four Ways to Play High Gas Prices: Analyst Monday, 5 Mar 2012 | 2:34 PM ET

    Gasoline prices are rising, currently averaging $3.72 a gallon. That means there’s opportunity for investors in drilling and refinery company stocks, Sterne Agee analyst Tim Rezvan told CNBC Monday.

  • Best Oil Stocks to Buy     Monday, 5 Mar 2012 | 1:44 PM ET

    Tim Rezvan, Sterne Agee vice president, energy research, reveals his four oil exploration and production plays, including Berry Petroleum, Occidental Petroleum, Pioneer Natural Resources, and Gulfport Energy.

  • 3 'Bad' Energy Companies That Make for Good Trades Friday, 24 Feb 2012 | 2:28 PM ET
    Electricity pylon pass the Ffos-Y-Fran opencast coal mine in Merthyr Tydfil, Wales.

    There's a cynical stock market adage that bad companies make for good trades. It's a bit of trading knowledge that can help investors identify stocks where even if the long-term outlook is promising, short-term management mistakes offer trading opportunities.

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