Welcome to our dedicated page for Occidental Pet news (Ticker: OXY), a resource for investors and traders seeking the latest updates and insights on Occidental Pet stock.
Occidental Petroleum (NYSE: OXY) delivers essential energy resources through innovative exploration and production technologies. This news hub provides investors and industry professionals with direct access to verified corporate announcements, strategic updates, and operational developments.
Track OXY's latest earnings reports, sustainability initiatives, and partnership announcements in one centralized location. Our curated collection includes press releases on reservoir discoveries, carbon management projects, and OxyChem manufacturing updates - all critical for understanding the company's position in evolving energy markets.
Key coverage areas include quarterly financial results, asset portfolio changes, technological advancements in extraction methods, and regulatory compliance updates. Each entry maintains strict editorial standards to ensure factual accuracy and relevance for both institutional and individual stakeholders.
Bookmark this page for streamlined access to Occidental Petroleum's official communications. Combine real-time updates with historical context to analyze OXY's market trajectory and operational efficiency within the global energy sector.
CF Industries has formed a joint venture with JERA and Mitsui to build the world's largest low-carbon ammonia plant in Louisiana. The facility will have an annual capacity of 1.4 million metric tons, with production expected to begin in 2029.
The joint venture ownership structure comprises CF Industries (40%), JERA (35%), and Mitsui (25%). The estimated cost for the ammonia production facility is $4 billion, funded according to ownership percentages. CF Industries will invest an additional $550 million in infrastructure and handle operations and maintenance.
The facility will capture >95% of CO2 emissions, with approximately 2.3 million metric tons of CO2 annually being transported and sequestered by 1PointFive at their Pelican Sequestration Hub in Louisiana. The project is expected to qualify for Section 45Q tax credits for carbon sequestration.
Occidental (NYSE: OXY) and its subsidiary 1PointFive have received U.S. Environmental Protection Agency approval for Class VI permits to sequester carbon dioxide from the STRATOS Direct Air Capture (DAC) facility in Ector County, Texas. These are the first permits issued for CO2 sequestration from a DAC project.
The permits, issued under the Safe Drinking Water Act's Underground Injection Control program, will enable Occidental to store CO2 in geologic formations more than one mile underground. STRATOS, set to become the world's largest DAC facility, is designed to capture up to 500,000 tonnes of CO2 annually and is scheduled to begin commercial operations in 2025.
Occidental (NYSE: OXY) has scheduled its first quarter 2025 financial results announcement for Wednesday, May 7, 2025, after market close. The company will host a conference call to discuss these results on Thursday, May 8, 2025, at 1 p.m. Eastern/12 p.m. Central.
Investors can access the conference call through multiple channels: by dialing 1-866-871-6512 (international: 1-412-317-5417) or via webcast at oxy.com/investors. A pre-registration option is available at dpregister.com. The financial results will be accessible through the company's Investor Relations website section, and a recording of the webcast will be posted shortly after the call concludes.
Occidental (NYSE: OXY) has announced the completion of its warrant exercise offer, which expired on March 31, 2025. The offer allowed warrant holders to exercise their warrants at a reduced price of $21.30 per warrant, compared to the standard exercise price of $22.00.
According to the final count by Equiniti Trust Company, 41,941,075 warrants were tendered, including 69,166 warrants under guaranteed delivery procedures. As a result, Occidental will issue 41,871,909 shares of common stock and receive $891.9 million in aggregate proceeds. An additional 69,166 shares and $1.5 million in proceeds are expected if all guaranteed deliveries are completed.
Warrants not tendered during this offer remain exercisable at the original price of $22.00 per warrant.
Occidental (NYSE: OXY) has announced a temporary offer for holders of its outstanding publicly traded warrants to exercise them at a reduced price of $21.30, down from the original $22.00 exercise price. The warrants, trading under symbol 'OXY WS', were initially distributed as a dividend on August 3, 2020.
The offer expires on March 31, 2025 at 5:00 p.m. Eastern Time, unless extended. If all outstanding warrants are exercised at the reduced price, Occidental would receive approximately $1.6 billion in gross proceeds, which the company plans to use for general corporate purposes, including potential redemption or repayment of outstanding debt.
Warrant holders can withdraw their participation anytime before the expiration date. The offer aims to encourage warrant exercise through the temporary price reduction, with D.F. King & Co. serving as the Information Agent for the transaction.
Occidental (NYSE: OXY) has achieved its near-term debt repayment target of $4.5 billion in Q4 2024, five months after the CrownRock acquisition and seven months ahead of schedule. The company has also signed two agreements in Q1 2025 to divest upstream assets for $1.2 billion, including Rockies non-operated assets and Permian Basin assets not in their near-term development plan.
The proceeds from these divestitures, expected to close in Q1 2025, will be applied to the company's remaining 2025 debt maturities. The company plans to continue its deleveraging efforts through free cash flow and additional divestitures.
Occidental (NYSE: OXY) has announced its fourth quarter 2024 financial results. The company will host a conference call on Wednesday, February 19, 2025, at 1 p.m. Eastern/12 p.m. Central to discuss the results. Investors can access the earnings release and financial schedules through the company's Investor Relations website at oxy.com or through the SEC website. The conference call can be accessed via phone (1-866-871-6512 for domestic calls, 1-412-317-5417 for international calls) or through a webcast at oxy.com/investors. Pre-registration for the call is available. A recording of the webcast will be posted on the company's Investor Relations website after the call.
Occidental (NYSE: OXY) has announced it will release its fourth quarter 2024 financial results after market close on Tuesday, February 18, 2025. The company will host a conference call to discuss these results on Wednesday, February 19, 2025, at 1 p.m. Eastern/12 p.m. Central.
Investors can access the conference call through multiple channels: by dialing 1-866-871-6512 (international: 1-412-317-5417) or via webcast at oxy.com/investors. Pre-registration is available at the provided link. The financial results will be accessible through the company's Investor Relations website section, and a recording of the webcast will be posted shortly after the call concludes.
Occidental (NYSE: OXY) has announced its third quarter 2024 financial results. The company has made the earnings release and financial schedules available through its Investor Relations website section at oxy.com and on the SEC's website at sec.gov.
A conference call to discuss the results is scheduled for Wednesday, November 13, 2024, at 1 p.m. Eastern/12 p.m. Central. Investors can access the call via phone (1-866-871-6512 for domestic, 1-412-317-5417 for international) or webcast at oxy.com/investors. A recording will be posted on the company's website after the call.
Occidental (NYSE: OXY) has announced its schedule for releasing third quarter 2024 financial results and hosting a conference call. The company will disclose its financial results after market close on Tuesday, November 12, 2024. A conference call to discuss these results is scheduled for Wednesday, November 13, 2024, at 1 p.m. Eastern/12 p.m. Central.
Interested parties can access the conference call by dialing 1-866-871-6512 (or 1-412-317-5417 for international callers) or via webcast at oxy.com/investors. Pre-registration for the call is available at https://dpregister.com/sreg/10192316/fd653e56d4. The financial results will be accessible through the Investor Relations section of Occidental's website, and a recording of the webcast will be posted shortly after the call concludes.
