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 CEO Sees US Oil-Natural Gas Output Up 8%-10% In '12

DOW JONES NEWSWIRES HOUSTON -(Dow Jones)- Occidental Petroleum Corp. (OXY) said Wednesday it is raising its 2012 capital spending by 10% to $8.3 billion, as it ramps up spending in the highly profitable U.S. oil patch. About $500 million of the approximately $800 million increase will be invested in U.S. resources, which reached a production record in the fourth quarter, said President and Chief Executive Stephen Chazen during a conference call with investors. The increase could help U.S. oil and gas production grow by 8% to 10% in 2012, he added. Chazen also said the company, which raised its dividend in 2011, is expected to disclose "a further dividend increase" after its board of directors meets in the second week of February. Occidental, though, is cutting back on its pure natural-gas drilling due to "horrible" prices for natural gas, which is trading below $2.50 per million British thermal units, said Chazen. Most of the company's natural-gas production, however, is associated with very profitable oil output and is impossible to pare down, Chazen said. The current natural-gas price is "not sustainable," Chazen said, adding that sustainability will come from an eventual rebound of the U.S. economy or a big drop in production costs. The current price is "significantly below any replacement cost," he said. -By Angel Gonzalez, Dow Jones Newswires; 713-547-9214;angel.gonzalez@dowjones.com

Stock News for Occidental Pet (OXY)
DateTimeHeadline
05/26/201615:20:34Statement of Changes in Beneficial Ownership (4)
05/25/201617:00:00Exxon, Chevron Shareholders Reject Climate-Change Stress Tests
05/19/201613:15:56Statement of Changes in Beneficial Ownership (4)
05/12/201616:15:42Statement of Changes in Beneficial Ownership (4)
05/06/201614:11:24Initial Statement of Beneficial Ownership (3)
05/06/201614:08:18Initial Statement of Beneficial Ownership (3)
05/05/201618:04:29Statement of Changes in Beneficial Ownership (4)
05/05/201617:58:24Quarterly Report (10-q)
05/05/201609:43:00U.S. Hot Stocks: Hot Stocks to Watch
05/05/201609:40:00Occidental Petroleum Posts Profit Amid Cost Cutting
05/05/201609:28:00Occidental Petroleum Posts Profit Amid Cost Cutting
05/05/201607:00:00Occidental Petroleum Announces 1st Quarter 2016 Results
05/05/201606:58:53Current Report Filing (8-k)
05/04/201615:47:23Statement of Changes in Beneficial Ownership (4)
05/04/201615:46:05Statement of Changes in Beneficial Ownership (4)
05/04/201615:44:18Statement of Changes in Beneficial Ownership (4)
05/04/201615:42:57Statement of Changes in Beneficial Ownership (4)
05/04/201615:41:35Statement of Changes in Beneficial Ownership (4)
05/04/201614:54:19Statement of Changes in Beneficial Ownership (4)
05/04/201614:52:00Statement of Changes in Beneficial Ownership (4)

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 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad