ADVFN - Advanced Financial Network.
HOME» NYSE » O » OXY Stock Price » OXY Stock News

Occidental Pet Share News

 Occidental Petroleum Corp Stock Price
OXY Stock Price
 Occidental Petroleum Corp Stock Chart
OXY Stock Chart
 Occidental Petroleum Corp Stock News
OXY Stock News
 Occidental Petroleum Corp Company Information
OXY Company Information
 Occidental Petroleum Corp Stock Trades
OXY Stock Trades

Occidental Petroleum 4Q Net Up 35% On Higher Oil Prices

DOW JONES NEWSWIRES Occidental Petroleum Corp.'s (OXY) fourth-quarter earnings rose a better-than-expected 35% as higher selling prices for oil and natural-gas liquids continued to bolster revenue. Occidental's earnings also have continued to improve on increased production in the U.S. and as the company has posted strong results in its chemicals business. The company in October took the first step toward restarting production at a Libyan oilfield it partially owns, making it the first U.S. company to get some Libyan crude production going again since Moammar Gadhafi's overthrow. Average daily oil and natural-gas production grew 4.8% from a year earlier to 748,000 barrels of oil equivalent per day on higher domestic volume, partially offsetting lower volume in the Middle East, North Africa and Colombia. Average prices increased 25% for oil, while natural-gas liquids prices rose 12% worldwide. Occidental reported a fourth-quarter profit of $1.63 billion, or $2.01 a share, up from $1.21 billion, or $1.49 a share, a year earlier. Per-share earnings from continuing operations rose to $2.02 from $1.47, as revenue improved 19% to $6.03 billion. Analysts polled by Thomson Reuters expected a $1.95 per-share profit with revenue of $5.77 billion. Revenue in the company's main oil and gas segment rose 27% as profit increased 52%. Chemical sales grew 9.8%, pushing profit up 30%. Shares closed at $100.92 Tuesday and were inactive premarket. The stock has risen 19% over the past three months. -By Ben Fox Rubin, Dow Jones Newswires; 212-416-3108; ben.rubin@dowjones.com

Stock News for Occidental Pet (OXY)
DateTimeHeadline
11/07/201417:52:15Colombian Rebel Attacks Set Back Nation
11/02/201408:30:24Occidental Finalizes Deal to Sell Shah Stake to Abu Dhabi's Mubadala...
10/23/201409:49:25U.S. Hot Stocks: Hot Stocks to Watch
10/02/201417:25:21Occidental Increases Buyback Authorization
09/09/201416:33:12Astenbeck Hedge Fund Cuts Back Bets, Boosts Cash -- Update
07/10/201417:01:39Occidental Names Company Veterans to Head Planned California...
05/05/201409:40:04U.S. Hot Stocks: Hot Stocks To Watch
04/25/201419:56:22Colombia's U'wa Indians Continue Oil Protests After Talks Fail
04/24/201422:40:13Colombia Aims to End Oil Companies, Indians Standoff
04/24/201421:57:32Colombia Aims to End Standoff Between Oil Companies, Indians...
04/24/201420:50:47Colombia Aims to End Standoff Between Oil Companies, Indians
03/07/201419:51:28Astenbeck Capital Management Gained 7.7% in February -Reuters
02/25/201409:10:22Eni Threatens to Quit Iraq
02/14/201409:26:28Occidental to Split Calif. Operations Into Separate Business
02/05/201409:54:25NuStar Energy Reaches Deal With Occidental to Reactivate Pipeline...
11/15/201309:19:41Omega Advisors 3Q 13F: Largest Eliminations
11/15/201309:19:36Omega Advisors 3Q 13F: Holdings As Of Sep 30
11/15/201309:18:03OZ Management LP 3Q 13F: Largest Eliminations
11/15/201309:03:09Chilton Investment Co. 3Q 13F: Largest Sales
11/15/201309:03:09Chilton Investment Co. 3Q 13F: Holdings As Of Sep 30

Occidental Pet and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad