Oxy eyes Middle East sales to tackle debt
Occidental Petroleum is reviewing options for its Middle Eastern assets as it seeks ways to reduce its debt pile, people familiar with the matter said.
Occidental Petroleum
Total ditches Ghana purchase
Total has scrapped plans to buy assets that had belonged to Anadarko Petroleum in Ghana.
Oxy scraps Algerian sale to Total
Occidental Petroleum will continue to hold its Algerian assets following its inability to conclude the sale of them to Total.
Occidental Petroleum takes $1.4 billion writedown, cuts budget on oil rout
Occidental Petroleum Corp. took a $1.4 billion writedown related to an investment in a pipeline affiliate, cut capital spending and withdrew its guidance for the year after a historic collapse in oil prices.
Occidental slashes payout for first time in 30 years
Occidental Petroleum Corp. cut its dividend for the first time in 30 years as the oil producer opts to conserve cash to cover debt incurred in its $37 billion takeover of Anadarko Petroleum Corp. last year.
Exclusive: Cnooc MD Riddoch quits firm
China National Offshore Oil Corporation (Cnooc) International’s UK managing director and senior vice president for Europe and Africa, Ray Riddoch OBE has quit the firm.
More new oil and gas inventory coming from mergers, not exploration
Increasingly more recoverable barrels of oil and gas around the world are coming from corporate mergers and acquisitions, and not from traditional exploration.
Oxy sold $13bn debt to fund Anadarko deal
Occidental Petroleum Corp. sold $13 billion of debt to help finance its acquisition of Anadarko Petroleum Corp. after receiving over $75 billion in orders for the deal at the peak, according to people familiar with the matter.
Oxy sends investor letter to reject activist Icahn proxy bid
Occidental Petroleum sent a letter to its shareholders Monday asking them to reject the board takeover bid pushed by activist investor Carl Icahn.
Anadarko sets August shareholder vote on Oxy takeover
Shareholders of Anadarko Petroleum will get to vote Aug. 8 on whether to approve the pending $38 billion acquisition of The Woodlands oil and gas producer by Occidental Petroleum, the company announced late Thursday.
Oil executives: time for Houston to embrace clean energy
Houston’s position as the energy capital of the world is based on fossil fuels, but the nation’s fourth-largest city must embrace new technologies and cleaner energy if it wants to lead the way for decades to come, energy executives said Thursday at the first Houston Low-Carbon Energy Summit.
Icahn challenges Oxy’s ‘hugely overpriced’ Anadarko deal
Activist investor Carl Icahn launched a lawsuit against Occidental Petroleum with the goal of potentially seeking board seats and a sale of the company.
Occidental wins $38billion bid for Anadarko as Chevron bows out
Occidental Petroleum Corp. will move forward with its $38 billion takeover of Anadarko Petroleum Corp., the oil industry’s biggest deal in at least four years, after Chevron Corp. bowed out of the bidding.
Chevron will walk away from $33 billion deal to buy Anadarko
Chevron Corp. is abandoning its $33 billion offer for oil driller Anadarko Petroleum Corp., the culmination of a month-long bidding war in which Occidental Petroleum Corp. prevailed over a rival five times its size.
Occidental jet has landed in Shell’s hometown, flight data show
Occidental Petroleum Corp.’s corporate jet has crossed the Atlantic for the second time in two weeks, landing in the Netherlands, according to flight-tracking data and people familiar with the matter.
Occidental looking to outmaneuver a rival five times its size
Occidental Petroleum chief executive Vicki Hollub is on the cusp of winning a David versus Goliath bidding war that has captivated the oil industry.
Occidental improved Anadarko takeover bid leaves Chevron trailing
Anadarko Petroleum’s board has declared Occidental Petroleum’s sweetened $38 billion takeover “superior,” giving Chevron four days to either boost its offer or walk away from the oil industry’s biggest deal in at least four years.
Bank of Buffett drops $10billion bomb into Anadarko battle
Warren Buffett’s intervention in Occidental Petroleum Corp.’s $37 billion unsolicited bid for Anadarko Petroleum Corp. may tip the scales in the oil industry’s biggest bidding war in decades.
Anadarko board faces scrutiny amid $38 billion bidding war
Anadarko Petroleum Corp.’s market value has soared 56 percent since a bidding war for the American shale driller kicked off two weeks ago. Yet the company’s directors have managed to step on the toes of almost every player involved.
Chevron’s earnings narrow despite asset sales
Chevron’s income narrowed in the first three months of the year despite selling a package of global oil and gas assets.
Occidental makes £44bn Anadarko bid, seeking to break up Chevron deal
Occidental Petroleum Corp. triggered a bidding war for Anadarko Petroleum Corp. after making a $57 billion (£44bn) counter-offer in attempt to break up a proposed takeover by Chevron Corp.
Chevron, BP, Shell rate high on LGBT equality, but energy sector lags overall
Some of the top oil and gas companies received perfect scores in the new LGBT workplace equality rankings, but the energy sector still ranks at the bottom for inclusion standards out of all industries nationwide.
Exxon, Chevron join industry climate-change initiative in u-turn
US oil companies Exxon Mobil Corp., Chevron Corp. and Occidental Petroleum Corp. will join an oil industry climate-change group led by their European rivals, after refusing to do so for years.
Ex-Occidental boss to form new Houston oil company in $2.7billion deal
Steve Chazen didn’t miss the drudgery of quarterly earnings calls after he retired as chief executive of Houston’s Occidental Petroleum Corp. in 2016. But he found he missed the one-on-one talks with investors, who, unlike most people in the oil business, weren’t afraid to tell executives when they thought their ideas were stupid.
Ex-Occidental chief in over $2.5billion deal for EnerVest Shale
Steve Chazen, who made Occidental Petroleum Corp. a heavyweight of the shale boom, is looking to replicate that success in south Texas with a $2.66 billion deal.