Occidental Petroleum Corporation (OXY) News
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OXY News Highlights
- For OXY, its 30 day story count is now at 40.
- Over the past 28 days, the trend for OXY's stories per day has been choppy and unclear. It has oscillated between 1 and 14.
- The most mentioned tickers in articles about OXY are RIO, API and EOG.
Latest OXY News From Around the Web
Below are the latest news stories about Occidental Petroleum Corp that investors may wish to consider to help them evaluate OXY as an investment opportunity.
Occidental Petroleum's Opposition To The Carbon Tax Is A RiskPhoto by Hoptocopter/E+ via Getty Images Occidental Petroleum's (OXY) CEO recently came out in opposition of a carbon tax in rejection of the view of other large U.S. companies. This opposition and the general potential disagreement over a strong regulatory framework puts more uncertainty in the oil markets. As we'll... |
Billionaire Carl Icahn sold $180 million worth of Occidental Petroleum shares this weekShares of Occidental Petroleum Corp. undefined shed 3.1% in morning trading Thursday after it was disclosed that billionaire Carl Icahn trimmed his large… |
Occidental to Announce First Quarter Results Monday, May 10, 2021; Hold Conference Call Tuesday, May 11, 2021HOUSTON, April 08, 2021 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) will announce its first quarter 2021 financial results after close of market on Monday, May 10, 2021, and will hold a conference call to discuss results on Tuesday, May 11, 2021, at 1 p.m. Eastern/12 p.m. Central. The conference call may be accessed by calling 1-866-871-6512 (international callers dial 1-412-317-5417) or via webcast at oxy.com/investors. Participants may pre-register for the conference call at https://dpregister.com/sreg/10154029/e5f102f8a9. First quarter 2021 financial results will be available through the Investor Relations section of the company’s website. A recording of the webcast will be posted on the website after the call is completed. About Occidental Occidental is an international energy compan... |
Occidental CEO Hollub opposes U.S. carbon tax, differing with some rivalsOccidental Petroleum (OXY) CEO Vicki Hollub says she opposes a carbon tax, breaking with some other large oil producers including Exxon and Chevron, preferring the existing system of tax credits designed to encourage oil companies to store carbon dioxide and reduce emissions."A carbon tax would be bad for a lot... |
REFILE-Occidental CEO Hollub opposes a carbon tax despite rivals' support for ideaOccidental Petroleum Corp Chief Executive Vicki Hollub said on Tuesday she opposes a carbon tax, an idea that has gained the backing of large rival oil companies and some trade groups. "A carbon tax would be bad for a lot of the industry, a carbon tax would be bad for the consumers and especially for those consumers who are more disadvantaged from an economic standpoint," Hollub told the virtual summit of the Texas Independent Producers and Royalty Owners Association. The American Petroleum Institute (API), the largest U.S. oil and gas trade group, said last month that it endorses a carbon-price policy as one measure to mitigate climate change risk. |
Occidental CEO Rejects U.S. Carbon Tax in Break With Big Oil(Bloomberg) -- Occidental Petroleum Corp. has split from some of its larger rivals by rejecting a potential U.S. carbon tax, saying that it prefers the existing system of tax credits designed to encourage oil companies to store carbon dioxide and reduce emissions.The position appears to stand in contrast with that of supermajors like Exxon Mobil Corp. and the American Petroleum Institute industry group, which voted last month to endorse putting a tax or other price on carbon dioxide emissions to replace other greenhouse gas regulations. Independent producers and refiners have long been opposed to such a levy.“A carbon tax would be bad for a lot of the industry, a carbon tax would be bad for the consumers and especially for those consumers who are more disadvantaged from an economic stan... |
Shale Giant Praises ‘Brilliant’ OPEC for Rebalancing Oil Market(Bloomberg) -- Occidental Petroleum Corp. praised OPEC and its allies for managing crude markets out of last year’s historic crash and said the U.S. shale industry is thankful for its efforts.“They’ve been brilliant in the way they’ve handled it, the way they’ve been doing it,” Chief Executive Officer Vicki Hollub said at a conference hosted by the Texas Independent Producers & Royalty Owners Association Tuesday. “Every U.S. oil and gas company are appreciating their efforts.”READ: OPEC+ Shows Confidence in Economic Recovery With Oil-Supply HikeOPEC+ and U.S. shale have been rivals for much of the last decade, with the Americans’ rapid growth eating away at the cartel’s share of the oil market and power to control it. But the U.S. has lost about 2 million barrels a day, or 15% of its pr... |
Why Oil Stocks Are Coming Under PressureThe OPEC merry-go-round continues. After surging in early March due to the rise in oil to $65 a barrel, Occidental stock slumped 7.6% on Monday, and the price of oil is now below $60 a barrel as this is being written. In contrast, the prime mover in curtailing supply, Saudi Arabia, has tended to favor aiming for higher oil prices. |
The Zacks Analyst Blog Highlights: Marathon Oil, Occidental Petroleum, Diamondback Energy, EOG Resources and Devon EnergyThe Zacks Analyst Blog Highlights: Marathon Oil, Occidental Petroleum, Diamondback Energy, EOG Resources and Devon Energy |
Oxy Low Carbon Ventures, Cemvita Factory announce plan to develop pilot plant for innovative CO2-to-bio-ethylene technologyOxy Low Carbon Ventures (OLCV), a subsidiary of Occidental (NYSE: OXY), and bio-engineering startup Cemvita Factory today announced a plan to construct and operate a one metric ton per month bio-ethylene pilot plant, applying a jointly developed technology using human-made carbon dioxide (CO2) instead of hydrocarbon-sourced feedstocks. |