Articles from Occidental

HOUSTON, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) will announce its fourth quarter 2024 financial results after close of market on Tuesday, February 18, 2025, and will hold a conference call to discuss the results on Wednesday, February 19, 2025, at 1 p.m. Eastern/12 p.m. Central.

HOUSTON, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) today announced its third quarter 2024 financial results. The earnings release and accompanying financial schedules can be accessed via the Investor Relations section of the company’s website, oxy.com. The earnings release is also available on the U.S. Securities and Exchange Commission’s website at sec.gov.

HOUSTON, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) announced today that its Board of Directors declared a regular quarterly dividend of $0.22 per share on common stock, payable on January 15, 2025, to stockholders of record as of the close of business on December 10, 2024.

HOUSTON, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) will announce its third quarter 2024 financial results after close of market on Tuesday, November 12, 2024, and will hold a conference call to discuss the results on Wednesday, November 13, 2024, at 1 p.m. Eastern/12 p.m. Central.

HOUSTON, Sept. 12, 2024 (GLOBE NEWSWIRE) -- 1PointFive, a wholly owned subsidiary of Occidental, announced today that the U.S. Department of Energy’s Office of Clean Energy Demonstrations (OCED) will provide up to $500 million to support the development of the South Texas Direct Air Capture (DAC) Hub. The award is a milestone in furthering commercial-scale DAC in the United States and validation of Occidental and 1PointFive’s ability to use their decades-long expertise in carbon management to accelerate the vital climate technology.

HOUSTON, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) today announced it has achieved $3 billion in principal debt reduction in the third quarter of 2024, utilizing robust organic cash flow from operations and proceeds from divestitures.

HOUSTON, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) today announced the launch of an underwritten secondary public offering of 29,560,619 shares of its common stock by CrownRock Holdings, L.P. (the “Selling Stockholder”).

HOUSTON, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) today announced its second quarter 2024 financial results. The earnings release and accompanying financial schedules can be accessed via the Investor Relations section of the company’s website, oxy.com. The earnings release is also available on the U.S. Securities and Exchange Commission’s website at sec.gov.

HOUSTON, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) today announced that it has elected to terminate its previously announced offer to exchange (the “Exchange Offer”) any and all outstanding 5.000% Senior Notes due 2029 (the “CrownRock Notes”) issued by CrownRock, L.P. (“CrownRock”) and CrownRock Finance, Inc. (“CrownRock Finance” and, together with CrownRock, the “CrownRock Notes Issuers”) for up to $376,084,000 aggregate principal amount of new 5.000% Senior Notes due 2029 to be issued by Occidental and cash. Occidental has also elected to terminate the related solicitation of consents (the “Consent Solicitation” and, together with the Exchange Offer, the “Exchange Offer and Consent Solicitation”) on behalf of the CrownRock Notes Issuers to adopt certain proposed amendments to the indenture (the “CrownRock Indenture”) governing the CrownRock Notes.

HOUSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) announced today that it has closed its acquisition of CrownRock, L.P.

HOUSTON, July 29, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) today announced it has agreed to sell certain Delaware Basin assets in Texas and New Mexico to Permian Resources NYSE: PRNYSEPR)

HOUSTON, July 25, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) 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.

HOUSTON, July 19, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) 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.

HOUSTON, July 18, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) 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.

HOUSTON, July 02, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) will announce its second quarter 2024 financial results after close of market on Wednesday, August 7, 2024, and will hold a conference call to discuss the results on Thursday, August 8, 2024, at 1 p.m. Eastern/12 p.m. Central.

HOUSTON, June 11, 2024 (GLOBE NEWSWIRE) -- Oxy Low Carbon Ventures (OLCV), a subsidiary of Occidental (NYSEOXY), and TAE Technologies, a global leader in fusion energy development, today announced they have signed a memorandum of understanding to explore commercial opportunities that use TAE’s fusion technology to provide emissions-free power and heat for Direct Air Capture (DAC) facilities.

HOUSTON , June 04, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) and BHE Renewables, a wholly owned subsidiary of Berkshire Hathaway Energy, today announced they formed a joint venture for the demonstration and deployment of TerraLithium’s Direct Lithium Extraction (DLE) and associated technologies to extract and commercially produce high-purity lithium compounds from geothermal brine.

HOUSTON, May 07, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) today announced its first quarter 2024 financial results. The earnings release and accompanying financial schedules can be accessed via the Investor Relations section of the company’s website, oxy.com. The earnings release is also available on the U.S. Securities and Exchange Commission’s website at sec.gov.

HOUSTON, May 01, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) announced today that its Board of Directors declared a regular quarterly dividend of $0.22 per share on common stock, payable on July 15, 2024, to stockholders of record as of the close of business on June 10, 2024.

HOUSTON, April 02, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) will announce its first quarter 2024 financial results after close of market on Tuesday, May 7, 2024, and will hold a conference call to discuss results on Wednesday, May 8, 2024, at 1 p.m. Eastern/12 p.m. Central.

HOUSTON, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) today announced its fourth quarter 2023 financial results. The earnings release and accompanying financial schedules can be accessed via the Investor Relations section of the company’s website, oxy.com. The earnings release is also available on the U.S. Securities and Exchange Commission’s website at sec.gov.

HOUSTON, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) announced today that its Board of Directors declared a regular quarterly dividend of $0.22 per share on common stock, payable on April 15, 2024, to stockholders of record as of the close of business on March 8, 2024. On an annual basis, the dividend is $0.88 per share at the new rate, compared to the previous annual rate of $0.72 per share.

HOUSTON, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) will announce its fourth quarter 2023 financial results after close of market on Wednesday, February 14, 2024, and will hold a conference call to discuss results on Thursday, February 15, 2024, at 1 p.m. Eastern/12 p.m. Central.

HOUSTON, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) today announced it entered into a purchase agreement to acquire Midland-based oil and gas producer CrownRock L.P., a joint venture of CrownQuest Operating LLC and Lime Rock Partners, for cash and stock in a transaction valued at approximately $12.0 billion, including the assumption of CrownRock’s debt.

STRATOS designed to capture 500,000 tonnes of CO₂ per year

HOUSTON, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) today announced its third quarter 2023 financial results. The earnings release and accompanying financial schedules can be accessed via the Investor Relations section of the company’s website, oxy.com. The earnings release is also available on the U.S. Securities and Exchange Commission’s website at sec.gov.

HOUSTON and TORONTO, Nov. 01, 2023 (GLOBE NEWSWIRE) -- 1PointFive, a carbon capture, utilization and sequestration company, and TD Bank Group (TD), today announced a purchase of carbon dioxide removal (CDR) credits from STRATOS – 1PointFive’s first Direct Air Capture (DAC) plant currently under construction in Texas.

HOUSTON, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) announced today that its Board of Directors declared a regular quarterly dividend of $0.18 per share on common stock, payable on January 16, 2024, to stockholders of record as of the close of business on December 8, 2023.

HOUSTON, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) will announce its third quarter 2023 financial results after close of market on Tuesday, November 7, 2023, and will hold a conference call to discuss results on Wednesday, November 8, 2023, at 1 p.m. Eastern/12 p.m. Central.

Occidental’s 1PointFive subsidiary and ADNOC to assess the feasibility of building the first megaton-scale DAC facility outside the United States

The 250,000-metric-ton Direct Air Capture credit removal purchase is the technology industry’s largest agreement with 1PointFive

Integration of Occidental’s operations experience and Carbon Engineering’s technology improves cost and capital efficiencies, and enables Occidental to catalyze broader partnerships for DAC deployment

HOUSTON, Aug. 11, 2023 (GLOBE NEWSWIRE) -- 1PointFive, a wholly owned subsidiary of Occidental, announced today it was selected to receive a grant from the U.S. Department of Energy’s Office of Clean Energy Demonstrations (OCED) for the development of its South Texas Direct Air Capture (DAC) Hub. The hub, to be located on the King Ranch in Kleberg County, is expected to include the world’s first DAC plant designed to remove up to 1 million metric tons of CO2 per year.

HOUSTON, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) today announced its second quarter 2023 financial results. The earnings release and accompanying financial schedules can be accessed via the Investor Relations section of the company’s website, oxy.com. The earnings release is also available on the U.S. Securities and Exchange Commission’s website at sec.gov.

HOUSTON, Aug. 01, 2023 (GLOBE NEWSWIRE) -- All Nippon Airways (ANA), Japan’s largest and 5-Star airline for 10 consecutive years, today announced a CDR credit purchase agreement with 1PointFive, a carbon capture, utilization and sequestration company based in Houston, Texas. ANA becomes the first airline in the world to sign a purchase agreement with 1PointFive, further strengthening its commitment to achieve carbon neutrality by 2050. This purchase aligns with ANA's broader climate transition strategy, which focuses on reducing emissions through operational and infrastructure improvements and Sustainable Aviation Fuel, as well as removing residual emissions through Direct Air Capture.

Strategic collaboration to assess potential investment opportunities aimed at accelerating development of direct air capture and sequestration hub projects

HOUSTON, July 26, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) announced today that its Board of Directors declared a regular quarterly dividend of $0.18 per share on common stock, payable on October 13, 2023, to stockholders of record as of the close of business on September 8, 2023.

HOUSTON, June 29, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) will announce its second quarter 2023 financial results after close of market on Wednesday, August 2, 2023, and will hold a conference call to discuss results on Thursday, August 3, 2023, at 1 p.m. Eastern/12 p.m. Central.

HOUSTON, May 09, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) today announced its first quarter 2023 financial results. The earnings release and accompanying financial schedules can be accessed via the Investor Relations section of the company’s website, oxy.com. The earnings release is also available on the U.S. Securities and Exchange Commission’s website at sec.gov.

HOUSTON, May 04, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) announced today that its Board of Directors has declared a regular quarterly dividend of $0.18 per share on common stock, payable on July 14, 2023, to stockholders of record as of the close of business on June 9, 2023.

HOUSTON, April 10, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) will announce its first quarter 2023 financial results after close of market on Tuesday, May 9, 2023, and will hold a conference call to discuss results on Wednesday, May 10, 2023, at 1 p.m. Eastern/12 p.m. Central.

HOUSTON, March 07, 2023 (GLOBE NEWSWIRE) -- 1PointFive, a carbon capture, utilization and sequestration company, and the Houston Astros, announced today the team has agreed to purchase carbon dioxide (CO2) removal credits from 1PointFive’s Direct Air Capture (DAC) plant under construction in Ector County, Texas. This progressive agreement is a demonstration of the Astros commitment to continuous improvement of their fan experience via environmental investment.

The 55,000-acre site has resource potential to store approximately 1.2 billion metric tons of carbon dioxide to provide a carbon removal solution for industrial facilities

HOUSTON, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) today announced its fourth quarter 2022 financial results. The earnings release and accompanying financial schedules can be accessed via the Investor Relations section of the company’s website, oxy.com. The earnings release is also available on the U.S. Securities and Exchange Commission’s website at sec.gov.

HOUSTON, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) announced today that its Board of Directors has declared a regular quarterly dividend of $0.18 per share on common stock, payable on April 17, 2023, to stockholders of record as of the close of business on March 10, 2023. On an annual basis, the dividend is $0.72 per share at the new rate, compared to the previous annual rate of $0.52 per share.

HOUSTON, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) announced today that Ken Robinson, who currently serves on the Boards of Directors for Abercrombie & Fitch, Paylocity and Morgan Stanley U.S. Banks, and formerly served as Senior Vice President of Audit and Controls at Exelon Corporation, has been elected to its Board of Directors, effective as of February 16, 2023.

HOUSTON, Jan. 20, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) announced today that Claire O'Neill, former Member of Parliament and Minister for Energy and Clean Growth in the UK Government, and a former Managing Director, Climate and Energy of the World Business Council for Sustainable Development (WBCSD), has been elected to its Board of Directors, effective as of January 17, 2023.

HOUSTON, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) will announce its fourth quarter 2022 financial results after close of market on Monday, February 27, 2023, and will hold a conference call to discuss results on Tuesday, February 28, 2023, at 1 p.m. Eastern/12 p.m. Central.

HOUSTON, Jan. 06, 2023 (GLOBE NEWSWIRE) -- 1PointFive, a subsidiary of Occidental’s (NYSEOXY) Low Carbon Ventures (OLCV) business, today announced an agreement and sponsorship with the Houston Texans whereby the Texans have agreed to purchase carbon dioxide (CO2) removal credits from 1PointFive’s first Direct Air Capture (DAC) plant, which is expected to be operational in late 2024. The CO2 removal credits would allow the Texans to offset the estimated carbon emissions for the team’s future air travel to regular season away games for three seasons.

HOUSTON, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) today announced its third quarter 2022 financial results. The announcement and financial schedules can be accessed via the Investor Relations section of the company’s website, oxy.com. The earnings release is also available on the U.S. Securities and Exchange Commission’s website at sec.gov.

HOUSTON, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) announced today that its Board of Directors has declared a regular quarterly dividend of $0.13 per share on common stock payable on January 17, 2023, to stockholders of record as of December 12, 2022.

Lease agreement provides 106,000-acres in Texas with pore space estimated to accommodate up to 3 billion metric tons of carbon sequestration

Provides approximately 65,000 acres to expand OLCV’s carbon sequestration hubs

HOUSTON, Oct. 06, 2022 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) will announce its third quarter 2022 financial results after close of market on Tuesday, November 8, 2022, and will hold a conference call to discuss results on Wednesday, November 9, 2022, at 1 p.m. Eastern/12 p.m. Central.

HOUSTON, July 27, 2022 (GLOBE NEWSWIRE) -- Occidental (NYSEOXY) announced today that its Board of Directors has declared a regular quarterly dividend of $0.13 per share on common stock payable on October 17, 2022, to stockholders of record as of September 12, 2022.