US energy deals drop in Q3 to $12 billion after year-long frenzy
U.S. oil mergers fell to $12 billion last quarter, the lowest in six quarters, after 2023's record consolidation wave in shale.
US energy companies’ shares rise as Middle East crisis sparks supply fears
U.S. energy shares rise as oil prices surge amid Middle East tensions and concerns over potential supply threats.
Occidental to Announce Third Quarter Results Tuesday, November 12, 2024; Hold Conference Call Wednesday, November 13, 2024
HOUSTON, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) will announce its third quarter 2024 financial results after close of market on...
Occidental’s 1PointFive secures up to $500 million to advance Texas carbon capture hub
Occidental’s 1PointFive secures up to $500M from the U.S. DOE to develop a South Texas carbon capture hub, advancing DAC tech for decarbonization.
1PointFive’s South Texas Direct Air Capture Hub Awarded U.S. Department of Energy Funding
HOUSTON, Sept. 12, 2024 (GLOBE NEWSWIRE) -- 1PointFive, a wholly owned subsidiary of Occidental, announced today that the U.S. Department of Energy’s Office...
US Gulf Coast residents flee, oil production shut as Francine intensifies
Energy companies began evacuating offshore workers and shut-in output at several production platforms ahead of the storm.
US oil firms evacuate staff, cut drilling ahead of Storm Francine
U.S. Gulf oil producers evacuate staff, halt output as Tropical Storm Francine threatens Texas and Louisiana coasts.
Occidental Announces Continued Progress on Debt Reduction and Divestiture Initiatives
Achieved $3 billion in principal debt reduction in the third quarter of 2024Public offering of a portion of Occidental’s common units of Western...
US shale companies produce more crude using fewer rigs
Greater operating efficiencies in the top U.S. shale patch are squeezing out more oil without higher spending, according to the numbers.
Occidental Announces Launch of Secondary Offering
HOUSTON, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced the launch of an underwritten secondary public offering of 29,560,619 shares...
