Occidental Petroleum Corp.
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Occidental is an international oil and gas exploration and production company with operations in the United States, Middle East and Latin America. Headquartered in Houston, Occidental is one of the largest U.S. oil and gas companies, based on equity market capitalization. Occidental’s midstream and marketing segment gathers, processes, transports, stores, purchases and markets hydrocarbons and other commodities. The company’s wholly owned subsidiary OxyChem manufactures and markets basic chemicals and vinyls.
Editor's note: July 16, 2019.
Symbol(s)
Headquarters Address
5 Greenway Plaza, Suite 110
Houston, TX 77046
United States
Website
www.oxy.comMain Phone Number
News
A Marcellus Shale discovery by Southwestern Energy in West Virginia’s Ohio County plus Occidental Petroleum completes Wolfcamp…
Oil majors BP and Shell on Aug. 21 said they had begun evacuating offshore facilities as two tropical cyclones head toward the U.S.…
Occidental Petroleum Wolfcamp Shale wells in New Mexico’s Eddy County of the Permian Basin plus a pre-salt oil discovery offshore…
The sale, which doesn’t include Occidental Petroleum’s core oil and gas assets in the Rockies, significantly advances the progress of…
The facility will be located on 100 acres in Texas' Permian Basin and will capture up to 1 million metric tons of CO₂ from the…
New Financings
Occidental Petroleum Corp. announced the expiration and final results of (i) the offers to exchange any…
Commenced offers to exchange any and all validly tendered and accepted notes of the 23 series of…
Sold senior notes in three tranches, with Bank of America Merrill Lynch, Barclays and JP Morgan as joint…
Increased its buy back from 40 million to 55 million shares at approximately US$47.50 each.
Activity Highlights
Eddy
NM
United States
Two Wolfcamp producers were completed from an Eddy County, N.M. pad by Oxy USA Inc. The pad is in Section 33-23s-31e in Purple Sage Field. The #175H Sterling Silver MDP1 33-4 Federal Com was drilled to 21,975 ft (11,631 ft true vertical) and…
Eddy
NM
United States
Two Purple Sage Field-Wolfcamp completions were reported in Section 34-23s-31e by Oxy USA in Eddy County, N.M. The #175H Platinum MDP1 34-3 Federal Com was drilled to 21,690 ft and the true vertical depth is 11,638 ft. It was tested flowing 3,255…
Reeves
TX
United States
In Reeves County (RRC Dist. 8), Texas, Oxy USA, an affiliate of Occidental Petroleum Corp., completed three Wolfbone Field-Bone Spring wells in T&P RR CO Survey, A-1782. The #84NH Graves State was tested flowing 1.963 Mbbl of oil, 2.448…
Eddy
NM
United States
Oxy USA announced results from a Bone Spring discovery at #025H Length CC 6-7 Federal Com in Eddy County, N.M. The Pierce Crossing Field well is in Section 6-24s-29e. It was tested on a 48/64-in. choke flowing 3.996 Mbbl of oil, 5.645 MMcf of gas…
Anadarko Petroleum Corp. has permitted the first of up to 11 exploratory tests on the two-block Magnus prospect. The #1 OCS G36181 will be in the southwestern portion of Walker Ridge Block 881. Area water depth is about 7,700 ft. According to The…
Transactions
Occidental Petroleum Agrees to $1.33 Billion Sale of Rockies Assets
Occidental Petroleum Agrees to $1.33 Billion Sale of Rockies Assets
Occidental Forms $1.5 Billion Permian Basin JV With Ecopetrol
Occidental Forms $1.5 Billion Permian Basin JV With Ecopetrol
Occidental Petroleum Sells Noncore Assets For $200 Million
Occidental Petroleum Sells Noncore Assets For $200 Million
Occidental Nears Divestiture Goal With Plains Stake Sale
Occidental Nears Divestiture Goal With Plains Stake Sale
Occidental, Anadarko Petroleum Make It Official With Merger Agreement
Occidental, Anadarko Petroleum Make It Official With Merger Agreement