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Occidental Pet - OXY STOCK NEWS

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.

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Occidental to announce Q3 2023 financial results
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Occidental's subsidiary 1PointFive and ADNOC are conducting a feasibility study for a 1 million tonne-per-year DAC facility in the UAE. This is the first project announced since their MOU in August. The study will assess the feasibility of building the first megaton-scale DAC facility outside the US. 1PointFive has previously announced CDR credit agreements with Amazon and All Nippon Airways. If approved, CO2 extracted at the DAC facility will be connected to ADNOC's CO2 infrastructure for storage. The MOU also includes evaluating participation in DAC facilities and CO2 sequestration hubs in the US, developing UAE-located CO2 sequestration hubs, and incorporating CO2-based technologies into the UAE.
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1PointFive announces agreement with Amazon to purchase 250,000 metric tons of carbon dioxide removal credits over 10 years
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Occidental announces acquisition of Carbon Engineering Ltd. for $1.1 billion in cash. The transaction is expected to close before the end of 2023, subject to regulatory approvals. The acquisition aligns with Occidental's net-zero strategy and enables the rapid advancement and deployment of DAC technology. Carbon Engineering will become a wholly owned subsidiary of Oxy Low Carbon Ventures.
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1PointFive, a subsidiary of Occidental, has been selected to receive a grant from the U.S. Department of Energy's Office of Clean Energy Demonstrations for the development of its South Texas Direct Air Capture (DAC) Hub. The hub will be located on the King Ranch and will have the world's first DAC plant capable of removing up to 1 million metric tons of CO2 per year. The grant will support the development of the DAC Hub through planning, design, permitting, and equipment procurement.
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ANA - ANA becomes the first airline to sign a purchase agreement with 1PointFive for carbon dioxide removal (CDR) credits enabled by Direct Air Capture, aiming to achieve carbon neutrality by 2050. 1PointFive is constructing a DAC plant in Texas, expected to be operational in mid-2025. ANA agreed to purchase 10,000 metric tonnes of CDR credits per year for three years starting in 2025, contributing to raising awareness of DAC as a solution in the aviation industry.
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Occidental and ADNOC to collaborate on assessing investment opportunities in Direct Air Capture (DAC) facilities and carbon dioxide (CO2) sequestration hubs in the US and UAE. The collaboration aims to accelerate the net-zero goals of both companies and help hard-to-abate industries achieve their targets. ADNOC may evaluate participation in DAC plants and CO2 sequestration hubs under development in the US by Occidental subsidiary, 1PointFive. Feasibility studies for a 1 million tonne-per-year DAC plant in the UAE are also being considered.
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Occidental, an international energy company, has selected AWS as its preferred cloud provider to drive its digital transformation. Occidental will migrate its core production applications and on-premises IT infrastructure to AWS to improve operational efficiencies and support the development of systems for carbon removal plants. Occidental will use a broad portfolio of AWS cloud services, including Amazon EC2 and Amazon EBS, to scale IT resources and gain insights through analytics and machine learning. AWS will also collaborate with Occidental to design systems architecture for large-scale direct air capture plants.
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Occidental (NYSE: OXY) has declared a regular quarterly dividend of $0.18 per share on common stock. The dividend will be payable on October 13, 2023, to stockholders of record as of September 8, 2023.
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Occidental Pet

NYSE:OXY

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38.98B
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4.04%
Oil & Gas E&P
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