Occidental Petroleum Corporation News
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, North Africa, and Latin America. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. Its Chemical segment manufactures and markets basic chemicals, including chlorine, caustic soda, chlorinated organics, potassium chemicals, ethylene dichloride, chlorinated isocyanurates, sodium silicates, and calcium chloride; and vinyls comprising vinyl chloride monomer, polyvinyl chloride, and ethylene. The Midstream and Marketing segment gathers, processes, transports, stores, purchases, and markets oil, condensate, NGLs, natural gas, carbon dioxide, and power. This segment also trades around its assets consisting of transportation and storage capacity; and invests in entities. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas.
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6d
Occidental Petroleum Raises Dividend and Draws Diverging Analyst Expectations
- Occidental Petroleum (OXY) declared a quarterly dividend of $0.28 per share and saw new analyst actions this week, underscoring contrasting outlooks.
13d
Chevron Confirms Occidental‑Operated Bandit Oil Discovery in Gulf of America
Chevron confirms an oil discovery at the Bandit prospect in the Gulf of America—operated by Occidental with a 45% working interest, signaling new upstream potential.
20d
Occidental Petroleum Files 8‑K Highlighting Q3 2026 Earnings Considerations
Occidental Petroleum (OXY) filed an 8‑K on October 13, 2026, detailing management's preliminary factors expected to shape Q3 results ahead of official earnings.
27d
Goldman Sachs Upgrades Occidental Petroleum to ‘Buy’ with Elevated $69 Price Target
Goldman Sachs upgraded Occidental Petroleum (OXY) to Buy from Neutral, raising its price target to $69, in a move investors are watching this week.
01 Oct at 14:13
Occidental Petroleum’s Q2 2026 Beats Guidance with Strong Midstream Turnaround
In Q2 2026 Occidental surpassed production and midstream guidance, posting $1.3B midstream pre‑tax income after a prior quarter loss.