All Rights Reserved. PM Modi underscores 7 key pillars of India’s energy strategy7 hrs ago, Taxes on petrol, diesel may go up further to mobilise additional revenue for Covid relief12 hrs ago, Occidental has pared spending on production, cut its shareholder dividend, dismissed staff and sold assets to avoid being overwhelmed by the debt taken on to pay for its $38 billion acquisition of rival Anadarko Petroleum, 100000+ Industry Leaders read it everyday, How did you hear about us? on Monday posted a $8.35 billion second-quarter loss on lower energy prices and write-downs as the U.S. oil producer has been trying to reduce debt amid a pandemic that has sapped fuel demand and prices. Occidental has pared spending on production, cut its shareholder dividend, dismissed staff and sold assets to avoid being overwhelmed by the debt taken on to pay for its $38 billion acquisition of rival Anadarko Petroleum . Careers. Investors. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: This statistic was assembled using several editions of the report. It has cut jobs, slashed its dividend, reduced spending plans and sold assets to shore up its finances. We are here to assist you in any way that we can. Occidental to Announce Third Quarter Results Monday, November 9, 2020; Hold C.. Occidental Announces Sale of its Onshore Assets in Colombia to the Carlyle Gr.. Occidental Announces Sale of its Onshore Assets in Colombia to The Carlyle Gr.. Novavax, Endo rise; Cavco, Occidental Petroleum fall. Among the assets Occidental is trying to sell is a package of land and minerals in Wyoming and Colorado. You only have access to basic statistics. Please create an employee account to be able to mark statistics as favorites. See here for a complete list of exchanges and delays. Occidental Petroleum Cuts Pay for Staff, Executives -- Update. Revenue information: $19 Billion as of 2014 (Google Finance) Contact information: Occidental Oil and Gas Corporation 5 None (Reuters) - Occidental Petroleum Corp OXY.N on Monday posted a $8.35 billion second-quarter loss on lower energy prices and write-downs as the U.S. oil producer has been trying to reduce debt amid a pandemic that has sapped fuel demand and prices. Occidental Petroleum has additional operations in Texas, North Dakota, Colorado, and New Mexico. About Occidental A Sustainable Energy Leader We are a best-in-class, low-cost operator in the United States, Middle East, Africa and Latin America, applying technology to drive operational excellence and leveraging our global leadership in carbon management to advance our business. OCCIDENTAL PETROLEUM: JPMorgan n'est plus négatif sur le dossier: 08/11: La valeur du jour à Wall Street - OCCIDENTAL PETROLEUM n'échappe pas au calva.. 08/11: Aktien New York: Aufholjagd katapultiert Dow locker wieder über 28 000 Punkte: 08/11: Les valeurs à suivre aujourd'hui à Wall Street Mardi 11 août 2020: 08/11 All quotes delayed a minimum of 15 minutes. In the Permian, where it became the largest operator through the Anadarko purchase, shale output will drop 37% this year, it said. Here is why investors should avoid OXY stock now. Occidental, which borrowed heavily to finance last year's $38 billion purchase of rival Anadarko Petroleum, cut the value of its oil and gas properties by $6.6 billion, joining BP, Chevron and Total in massive write-downs as the industry now expects energy prices to stay low for years. Occidental, which borrowed heavily to finance last year's $38 billion purchase of rival Anadarko Petroleum, cut the value of its oil and gas properties by $6.6 billion, joining BP, Chevron and Total in massive write-downs as the industry now expects energy prices to stay low for years. Sustainability. Covid-19 Continues to Boost and Bust S&P 500 Companies, ConocoPhillips to Buy Shale Rival Concho for $9.7 Billion -- 3rd Update, ConocoPhillips to Buy Shale Rival Concho for $9.7 Billion -- 2nd Update. Occidental has been producing in Oman for over 30 years, where we have steadily increased production and reserves and today are the largest independent oil producer operating in the country. Occidental joined other energy companies that began preparations to resume oil and gas production in the U.S. Gulf of Mexico. Occidental Petroleum Corp on Monday posted a $8.35 billion second-quarter loss on lower energy prices and write-downs as the U.S. … June 9 (Reuters) - Occidental Petroleum Corp has begun returning staff to some of its Gulf of Mexico facilities after storm Cristobal moved away from the … (billed annually). Reporting by Jennifer Hiller in Houston and Arathy S Nair in Bengaluru; Editing by Sriraj Kalluvila, David Gregorio and Aurora Ellis. "Number of Employees at Occidental Petroleum from 2010 to 2019. * All products require an annual contract; Prices do not include sales tax. Occidental Petroleum Corp. is cutting salaries for its U.S. employees by up to 30% in a bid to slash expenses, according to an internal email reviewed by The Wall Street Journal. The Houston company is facing plunging oil prices, high debt from an ill-timed acquisition and falling demand due to a halt in economic activity because of the new coronavirus. Number of employees at Occidental Petroleum from 2010 to 2019 [Graph]. Use of solar energy is expected to reduce the cost and carbon intensity of Occidental’s operations. Reporting by Nakul Iyer in Bengaluru, editing by Louise Heavens. The … Occidental Petroleum Corporation (Oxy) is an large American, Houston-based oil and gas company with operations in the United States, the Middle East region, and South America. See here for a complete list of exchanges and delays. Occidental Petroleum has 11,000 employees across 16 locations and $20.39 B in annual revenue in FY 2019. The stock is down 61% so far this year. Learn more about how Statista can support your business. Occidental Petroleum cuts CEO, staff pay to combat falling oil prices. Occidental Petroleum Corp. is cutting salaries for its U.S. employees by up to 30% in a bid to slash expenses, according to an internal email reviewed by The Wall Street Journal. Occidental Petroleum has additional operations in Texas, North Dakota, Colorado, and New Mexico. Dear user, ET EnergyWorld privacy and cookie policy has been updated to align with the new data regulations in European Union. About Occidental. Read More More News. Please contact us to get started with full access to dossiers, forecasts, studies and international data. FRIENDS. Our Standards: The Thomson Reuters Trust Principles. 03/24/2020 | 09:26pm EDT *: *: * By Ryan Dezember and Rebecca Elliott . Excluding one-time items, the company lost $1.76 per share, compared with analysts’ average estimates of $1.68, according to Refinitiv IBES. The company plans to return workers to all facilities on Tuesday and resume production when safe. We use cookies to ensure the best experience for you on our website.If you choose to ignore this message, we'll assume that you are happy to receive all cookies on ET EnergyWorld. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Meet The Occidental Team When it comes to professional, knowledgeable and friendly staff you won’t find any better than the team at Occidental Management. Corporate solution including all features. Here is why investors should avoid OXY stock now. Then you will be able to mark statistics as favourites and use personal statistics alerts. The average price Occidental received for crude oil plummeted about 61% to $23.17 per barrel in the second quarter as oil prices crashed. Occidental Petroleum. 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