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Occidental, Devon Energy Post Quarterly Losses On Billion-dollar Charges

2020-05-05 23:05:00| OGI

Both Occidental Petroleum and Devon Energy also announced plans on May 5 to deepen cuts for the third time since March in response to the historic crash of oil prices.

Tags: post energy charges quarterly

 

Total Told by Occidental It Cannot Acquire Anadarko Algeria Assets

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

"Occidental officially told us that we cannot acquire the Algeria assets," Total CEO Patrick Pouyanne told analysts during a conference call after the French company's first-quarter 2020 results.

Tags: total told assets acquire

 
 

Occidental Shareholders Get First Say on Anadarko Deal with Berkshire Financing Vote

2020-04-17 23:40:25| OGI

The Anadarko acquisition closed in August, months before an oil price crash sapped the cash flow Occidental Petroleum needed to pay the debt taken with the purchase.

Tags: with deal vote financing

 

Berkshire Hathaway to Take Occidental Petroleum Shares Instead of Cash Dividends

2020-04-15 22:30:00| OGI

Warren Buffett's Berkshire Hathaway last year bought $10 billion worth of Occidental Petroleum's preferred shares to help finance its $38 billion acquisition of Anadarko Petroleum.

Tags: cash shares petroleum dividends

 

Occidental Petroleum Opposes Possible Texas Oil Curtailments

2020-04-08 11:10:00| OGI

In a letter to regulators, Occidental Petroleum called the curtailment idea a "short-sighted" one that would disadvantage Texas oil producers against other states.

Tags: texas oil petroleum occidental

 

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