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Occidental Petroleum Cuts Dividend Again, Now to 1 Cent

2020-05-29 20:59:10| OGI

The companys shares were down 5% after the news and have lost nearly 70% of their value this year.

Tags: to cent cuts petroleum

 

Occidental Petroleum Sued by Investors over Anadarko Merger

2020-05-27 20:25:00| OGI

Occidental Petroleum has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices.

Tags: investors petroleum merger occidental

 
 

Total Calls Off Acquisition of Occidental Petroleums Ghana Asset

2020-05-18 19:05:00| OGI

The deal was part of an $8.8 billion agreement reached between Total and Occidental to over Anadarko Petroleum's assets in Mozambique, Ghana, Algeria, and South Africa.

Tags: total calls acquisition asset

 

Occidental Petroleum Offering Voluntary Job Buyouts

2020-05-13 11:10:00| OGI

Interested employees can submit a resignation offer to Occidental through May 26, specifying the number of months of base salary that they will accept for voluntary separation, according to the document.

Tags: job offering voluntary petroleum

 

Occidental Petroleum Looks to Raise Cash as Oil Prices Pressure Finances

2020-05-06 18:30:00| OGI

Occidental Petroleum CFO Robert Peterson said in a conference call on May 6 the company is considering raising new cash, swapping debt for stock and refinancing existing debt because of collapsing oil demand.

Tags: prices cash pressure oil

 

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