OXY Stock Recent News
OXY LATEST HEADLINES
Occidental's (OXY) premier position in the Permian basin and ongoing initiatives to strengthen its balance sheet are likely to boost its performance despite its premium valuation and lower return than the industry.
HOUSTON, July 25, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) announced today that its Board of Directors declared a regular quarterly dividend of $0.22 per share on common stock, payable on October 15, 2024, to stockholders of record as of the close of business on September 10, 2024.
In the latest trading session, Occidental Petroleum (OXY) closed at $60.41, marking a -1.31% move from the previous day.
Colombia's majority state-owned energy company Ecopetrol said on Friday that it is in talks with U.S. oil major Occidental Petroleum to possibly buy a stake in CrownRock.
HOUSTON, July 19, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced that it has commenced a private exchange offer to certain eligible holders (the “Exchange Offer”) for any and all outstanding 5.000% Senior Notes due 2029 (the “CrownRock Notes”) issued by CrownRock, L.P. (“CrownRock”) and CrownRock Finance, Inc. for up to $376,084,000 aggregate principal amount of new notes to be issued by Occidental (the “Occidental Notes”) and cash.
Occidental Announces Expiration of Hart-Scott-Rodino Waiting Period for its Acquisition of CrownRock
HOUSTON, July 18, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced that the waiting period for its acquisition of CrownRock, L.P. (CrownRock, and such transaction, the CrownRock acquisition) under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired.
Shares of Occidental (OXY) are up 5.7% in 2024 on wise acquisitions and expansions, and Warrant Buffet has raised his stake in the company.
Occidental Petroleum (NYSE: OXY ) has been swinging higher in recent sessions, likely on political catalysts. With former President Donald Trump enjoying strong reelection momentum, his pro-fossil-fuel stance may lift OXY stock.
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