10 articles
Occidental Petroleum forecasts flat production and $5.9 billion capital spending in 2027, prioritizing debt reduction ahead of redeeming Berkshire Hathaway's equity stake. The company aims to lower pr
Occidental Petroleum reported its highest quarterly profit since 2022, beating expectations with $2.40 per share driven by rising oil prices and increased U.S. production. Major rivals Chevron and Exx
Occidental Petroleum reported a 38.4% surge in Q2 realized oil prices to $96.78 per barrel, driven by Middle East conflict disruptions. Benchmark Brent crude rose 23% amid heightened geopolitical risk
Occidental Petroleum's new CEO Richard Jackson prioritizes debt reduction and shareholder returns amid heavy dividend obligations to Berkshire Hathaway. Analysts suggest the company needs acquisitions
Occidental Petroleum is acquiring a 10% stake in Exxon Mobil’s deepwater exploration block offshore Trinidad and Tobago. Seismic data interpretation could reveal resources comparable to the nearby Sta
Occidental Petroleum halted new oil hedging amid price volatility triggered by the Iran war, citing increased downside risk. Although derivative losses affected Q1 profits, the producer still beat Wal
Occidental Petroleum beat first-quarter profit estimates with $1.06 per share, driven by higher U.S. production despite global operational disruptions linked to the conflict in Iran.
Berkshire Hathaway reported an 18% rise in Q1 operating profit to $11.35 billion with record cash holdings. The conglomerate also confirmed its January $9.5 billion acquisition of Occidental Petroleum
Occidental Petroleum announced CEO Vicki Hollub will retire next month, succeeded by COO Richard Jackson, following a tenure marked by major acquisitions and the recent $9.7 billion sale of its chemic
Occidental Petroleum reported a Q4 net loss of $68 million but raised dividends by over 8% after OxyChem sale and $5.8 billion debt reduction. Production exceeded guidance as the firm pivots to upstre
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