Occidental Petroleum Corp (Oxy) revealed on Friday in a filing that it is currently holding talks with Ecopetrol SA on the potential sale of part of its stake in CrownRock, L.P.Should Occidental choose to go ahead with such a decision, Ecopterol would be getting 30% of CrownRock assets and buying them...
Occidental Petroleum Corporation CEO Vicki Hollub (pictured) told CNBC on Monday that the oil market will be experiencing a supply shortage by the end of 2025.
"We're in a situation now where in a couple of years’ time we’re going to be very short on supply," as the world is proving to be slow in...
Berkshire Hathaway Inc. will be increasing its stake in Occidental Petroleum Corp. to up to 50%, as the United States Federal Energy Regulatory Commission (FERC) approved on Friday company CEO Warren Buffett's application.
According to the FERC document, the request by Berkshire "to...
World's biggest energy companies announced on Thursday their decision to follow and support six principles in the energy transition. The initiative was agreed by BP PLC, ENI SPA, Equinor ASA, Occidental Petroleum, Royal Dutch Shell, Total SE, Galp Energa and Repsol SA.
The agreement provides...
United States President Donald Trump will hold a meeting with executives of major domestic oil companies on April 3 to speak about actions his administration would take to ease the negative effects the oil market is currently suffering through, the Wall Street Journal reported on Wednesday,...
Activist investor Carl Icahn, who controls less than 5% of Occidental Petroleum Corp., started an initiative to replace four out of ten members of the board. Directors have failed to fulfill their duty in the "misguided and hugely overpriced" attempt to purchase Anadarko Petroleum Corp., he claimed....
Occidental Petroleum Corp. was sued on Thursday by one of its shareholders, investor Carl Icahn, who has a $1.6 billion stake in the company, over its $56 billion bid to acquire Anadarko Petroleum Corp.
In the lawsuit filed in Delaware Chancery Court by a group of Icahn's firms, the investor argues...
Anadarko Petroleum Corp. announced it entered into a definitive merger agreement with Occidental Petroleum Corp. after terminating its previously announced deal with Chevron Corp. Occidental will pay $59.00 in cash and 0.2934 of a share of its common stock per share of Anadarko common...
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