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Occidental's Q2 Report Keeps Company AttractiveBrian L. Wilson • Thu, Jul 26, 2012
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Occidental Petroleum Q2 2010 Earnings Call TranscriptTue, Jul 27, 2010
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Occidental Petroleum Q1 2010 Earnings Call TranscriptFri, Apr 30, 2010
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Occidental Petroleum Corp. Q4 2009 Earnings Call TranscriptFri, Jan 29, 2010
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Occidental Petroleum Corporation Q3 2009 Earnings Call TranscriptThu, Oct 22, 2009
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Occidental Petroleum Corporation Q2 2009 Earnings Call TranscriptThu, Jul 23, 2009
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Occidental Petroleum Corporation Q1 2009 Earnings Call TranscriptThu, Apr 23, 2009
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Occidental Petroleum Corporation Q4 2008 Earnings Call TranscriptThu, Jan 29, 2009
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Occidental Petroleum Corporation Q3 2008 Earnings Call TranscriptTue, Oct 28, 2008
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at MarketWatch.com (Thu, 4:32PM)
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at CNBC.com (Thu, 5:59AM)
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at MarketWatch.com (May 6, 2013)
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at Fox Business (May 3, 2013)
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Business Wire (May 3, 2013)
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Business Wire (May 2, 2013)
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at MarketWatch.com (Apr 29, 2013)
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Business Wire (Apr 29, 2013)
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Business Wire (Apr 25, 2013)
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at CNBC.com (Apr 23, 2013)
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Business Wire (Apr 18, 2013)
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at MarketWatch.com (Apr 17, 2013)
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at MarketWatch.com (Apr 12, 2013)
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at MarketWatch.com (Apr 11, 2013)
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at Fox Business (Apr 8, 2013)
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Business Wire (Apr 8, 2013)
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at CNBC.com (Apr 3, 2013)
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at MarketWatch.com (Apr 2, 2013)
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at MarketWatch.com (Mar 26, 2013)
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at MarketWatch.com (Mar 21, 2013)
OXY vs. ETF Alternatives
Company Description
In this report, "Occidental" refers to Occidental Petroleum Corporation, a Delaware corporation (OPC), and/or one or more entities in which it owns a majority voting interest (subsidiaries). Occidental conducts its operations through various oil and gas; chemical; midstream, marketing and other... More
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Friday, May 3, 4:30 PM Occidental Petroleum (OXY) elects former Ambassador Edward Djerejian as Independent Chairman of the Board, and former U.S. Energy Secretary Spencer Abraham as Independent Vice Chairman. Djerejian has served as an independent director of OXY since 1996, and recently chaired the corporate governance committee. (earlier: Irani out) 2 Comments [Energy]
- Friday, May 3, 3:15 PM Irani is out: LA Times says the longtime Occidental Petroleum (OXY +3.2%) chairman withdraws as a nominee to serve a new term on the board, and is absent from today’s shareholder meeting. It's not known who will become the next chairman, but replacing Irani on the board is Edward Djerejian, a former U.S. ambassador to Israel and an assistant secretary of State. (earlier) 3 Comments [Energy, On the Move]
- Friday, May 3, 11:39 AM It's rare for chairmen to lose their jobs, but today's shareholder meeting may mark the end for Occidental Petroleum (OXY +3.4%) Chairman Ray Irani after a nearly 30-year legacy at the oil and gas producer. Irani could wind up with a consulting contract with OXY through the end of 2014, says a person familiar with the board’s thinking, particularly given his Middle East contacts. 1 Comment [Energy, On the Move]
- Thursday, May 2, 3:36 PM Occidental Petroleum Corporation (OXY) declares $0.64/share quarterly dividend, in line with previous. Forward yield 2.91%. For shareholders of record June 10. Payable July 15. Ex-div date June 08. (PR) Comment! [Dividends]
- Wednesday, May 1, 8:26 AM Investor advisory firm Glass Lewis switches sides and now supports the re-election of Occidental Petroleum (OXY) Chairman Ray Irani at Friday's shareholder meeting. On Monday, OXY announced its plan for Steve Chazen to stay on as CEO as well as changes to its governance and compensation programs, which were supported by advisory firm ISS. 1 Comment [Energy]
- Tuesday, April 30, 12:36 PM Occidental Petroleum's (OXY +1.4%) decision to keep its CEO through the end of 2014 was "very positive," Deutsche Bank's Paul Sankey says in upgrading the stock to Buy from Hold with a $112 price target, up from $90. Sankey says the move clears the way for OXY to "shrink to grow" - i.e. spin off businesses, which would prompt major share buybacks and makes sense in a high oil price environment. Comment! [Energy, Quick Ideas]
- Monday, April 29, 8:45 AM Steve Chazen will continue as CEO of Occidental Petroleum (OXY) through 2014 "with the board's full support," amid a conflict with Chairman and former CEO Ray Irani, who reportedly wanted Chazen to be replaced immediately. OXY also announces changes to corporate governance, including cutting annual common stock grants to non-employee directors by at least 20%. Shares +0.9% premarket. Comment! [Energy]
- Thursday, April 25, 6:43 PM Occidental Petroleum (OXY) CEO Stephen Chazen says low share prices mean it likely will buy back shares and will take a closer look at options for selling assets or parts of the company. Putting midstream assets into an MLP also is an option that would generate cash but it would be "fine-tuning rather than a major mover," preferring steps that would "move the needle a lot rather than tweaking." 1 Comment [Energy]
- Thursday, April 25, 9:19 AM More on Occidental Petroleum's (OXY) Q1 results: Cut domestic well and operating costs to $14.06/bbl from $16.44 a year ago while achieving overall cost reduction of ~19% Y/Y, helping to absorb the impact of falling oil and gas prices. Realized prices fell 9.2% for crude oil, while natural gas liquids prices dropped 23%. Average daily oil and gas production rose 1.1% to 763K boe/day. Comment! [Energy, Earnings]
- Thursday, April 25, 7:34 AM Occidental Petroleum (OXY): Q1 EPS of $1.69 beats by $0.14. Revenue of $5.87B misses by $0.53B. (PR) Comment! [Earnings, Breaking News]
- Monday, April 22, 10:28 AM Occidental Petroleum (OXY -0.5%) partner Abu Dhabi National Oil says it expects to finish their $10B Shah gas development project by the end of 2014. The technically challenging project to process ~1B cf/day of sour gas into 0.B cf/day of usable gas in the remote desert is vital to temper the UAE's growing gas imports. Comment! [Energy, Global & FX]
- Saturday, April 13, 8:25 AM When looking for dividend stocks, Kelley Wright believes a company isn't necessarily more attractive just because it pays a higher dividend. The key is when a stock's current yield is at the high end of the range of past yields; a strong balance sheet and a consistent pattern of higher earnings and rising dividends help too. Wright's top 10: APD, ADM, KO, COP, CVX, OXY, PEP, RS, TXN, WAG. 19 Comments [Quick Ideas]
- Thursday, April 11, 9:09 AM Proxy adviser ISS says Occidental Petroleum (OXY) shareholders should not re-elect Executive Chairman Ray Irani or lead director Aziz Syriani, citing a failure to manage the company's search for a new CEO. The ISS recommendation follows rising shareholder discontent about possible management changes and comes despite OXY lobbying ISS to support the board. OXY +2.6% premarket. 1 Comment [Energy, On the Move]
- Wednesday, April 10, 3:27 PM A second Occidental Petroleum (OXY -0.3%) investor calls for the board to reconsider plans to replace CEO Stephen Chazen, concerned the decision is driven by personal differences between Chazen and Chairman Ray Irani and not disagreements over corporate strategy. Matrix Asset Advisors owns ~225K OXY shares; First Pacific, the first to come out against a CEO ouster, holds ~2.1M. 2 Comments [Energy]
- Monday, April 8, 2:23 PM Of two top energy boardroom battles going on now - the proxy fight for control of Hess (HES) and the Chairman vs. CEO struggle at Occidental (OXY) - Deutsche Bank's Paul Sankey thinks the Hess drama is more likely to lead to improved shareholder value. He sees a win-win situation at HES, as both management and activists pursue some degree of restructuring, while OXY is a "high-risk" situation. 1 Comment [Energy, Quick Ideas]
- Monday, April 8, 12:48 PM Occidental Petroleum (OXY -1.7%) denies a "fight at the top" over a successor for CEO Stephen Chazen, after recent reports that Chairman Ray Irani is pushing to replace Chazen. "All decisions regarding CEO succession planning were made over many meetings by the independent directors alone," OXY's board says. Irani "did not attend, and did not play any role in, these meeting deliberations." Comment! [Energy, On the Move]
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