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I projected that OXY would increase the dividend by 8% to 95 cents per year from 88 cents last year. However, on Feb. 19 , Occidental announced a 9% hike to 24 cents quarterly, or 98 cents annually.

OXY's diverse operations, including oil, gas, chemicals, and midstream marketing, generate substantial revenue, predominantly from U.S. oil production. The company's carbon capture initiatives ...

There were "oxy-acetylene torches" used for the repair work, and "thinner paint" used for painting. The chemicals in the area included various cylinders, which were highly flammable materials.

The first phase of Stratos, Occidental Petroleum’s (Oxy) massive direct air capture (DAC) project, is nearly complete as it moves closer to the start of operations later this year, company executives ...

Oxy's Q4 delivered a solid 11% beat on EPS and record US production, continuing strong recent momentum. Unit LOE continues to improve with Q4 LOE/boe, down 6% q/q and almost 30% vs its Q4 23 peak ...

Proved Reserves: Increased to 4.6 billion BOE, highest in Oxy's history. Reserves Replacement Ratio: 230% all-in and 112% organic for 2024. OxyChem Pre-Tax Income: Over $1.1 billion in 2024.

These days in our hypercapitalist world, when people hear the term “streamlined,” the unfortunate association tends to be one of profits, of paring down some aspect of a business or process in order ...