The layoffs will occur over the next few months and into 1990, Hauser said.
Furthermore, Occidental has reduced its 2020 capital spending budget to … Occidental Petroleum Corp said on Wednesday it would begin dismissing workers in a new cost-cutting move following its $38 billion acquisition of Anadarko Petroleum. The … HOUSTON – March 10, 2020 – Occidental Petroleum Corporation (NYSE:OXY) announced today that its Board of Directors approved a reduction in the company’s quarterly dividend to $0.11 per share from $0.79 per share, effective July 2020. OXY Stock traded at: NYSE Industry Code: 533 About Occidental Petroleum Corp.: 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. Occidental Petroleum will cut employee salaries by up to 30%, according to an internal memo reviewed by Reuters, as the debt-laden U.S. oil producer tries to … Occidental Petroleum Corp said on Wednesday it would begin dismissing workers in a new cost-cutting move following its $38 billion acquisition of Anadarko Petroleum. The layoffs follow its $38 billion acquisition of Anadarko Petroleum. The company filed for 488 drilling permits for projects in Texas during 2019 with the bulk of that activity in the Permian Basin. Occidental Petroleum said on Wednesday it would begin dismissing workers in a new cost-cutting move. Occidental Petroleum said on Wednesday it would begin dismissing workers in a new cost-cutting move. Occidental Petroleum Corp has reduced its workforce "significantly" following the acquisition last year of rival Anadarko Petroleum, the company said on Wednesday. The layoffs follow its $38 billion acquisition of Anadarko Petroleum.

Occidental Petroleum will cut employee salaries by up to 30%, according to an internal memo reviewed by Reuters, as the debt-laden U.S. oil producer tries to … Occidental Oil & Gas Corp., including Oxy USA, is a subsidiary of Occidental Petroleum Corp. based in Los Angeles. Oxy expects its 2020 domestic operating costs to be approximately $7 per barrel of oil equivalent. She said there also will be an unspecified number of relocations and transfers. Oxy is ranked as the third most-active driller in Texas. Get the latest Occidental Petroleum Corporatio (OXY) stock news and headlines to help you in your trading and investing decisions. Occidental Petroleum Reportedly Making Further Moves to Cut Costs The COVID-19 pandemic, sharply lower oil prices, and a lot of debt has the oil company looking at ways to trim down. Get the latest Occidental Petroleum Corporatio (OXY) stock news and headlines to help you in your trading and investing decisions.

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