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Topic: Occidental Petroleum


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In the News (Tue 17 Nov 09)

  
  Occidental Petroleum Corp. | Business solutions from AllBusiness.com
Occidental Petroleum Corp. Los Angeles-based Occidental Petroleum Corp. declared a quarterly dividend of 25 cents on its common stock payable on July 15, 1991 to...
Occidental Petroleum Corp. expects its $3.6-billion acquisition of Altura Energy Ltd., a partnership owned by BP Amoco Plc and Shell Oil Co., to add 50...
Occidental Petroleum Corp. of Los Angeles is one of nine international oil companies to sign natural gas exploration and infrastructure contracts with Saudi Arabia, the...
www.allbusiness.com /3060006-1.html   (954 words)

  
  Occidental Petroleum
Occidental Petroleum is a top United States corporation in the field of oil and gas operations, and its estimated
If you have a better definition for Occidental Petroleum than the one presented here, please let us know by making use of the suggest a term option.
This definition of Occidental Petroleum may be disputed by other professionals.
www.financialdictionary.org /Occidental_Petroleum.htm   (337 words)

  
  Occidental Petroleum
Occidental is proceeding with plans to explore in the northern 25 percent of what is known as the Samore block in the Llanos basin.
Occidental's estimated operating expenses in 1999 relating to compliance with environmental laws and regulations governing ongoing operations were approximately $64 million, compared with $70 million in 1998 and $93 million in 1997.
Occidental Petroleum spent $1,620,000 in lobbying expenditures in 1998 according to the Center for Responsive Politics.
www.stanford.edu /group/SICD/Occidental/occidental.html   (887 words)

  
  Occidental Petroleum - Wikipedia, the free encyclopedia
Occidental Petroleum Corporation ("Oxy") NYSE: OXY is an international petroleum exploration and development company headquartered in the Westwood district of Los Angeles.
For many years Occidental was headed by the late Armand Hammer, who was noted for his long-term friendly relationship with the Soviet Union, which made the company controversial in some quarters during the cold war.
From 1992 to 2001, Occidental Petroleum incurred substantial resistance in its attempts to drill for oil in the territory of the U'wa people in northeast Colombia.
en.wikipedia.org /wiki/Occidental_Petroleum   (768 words)

  
 Occidental Petroleum 1Q profit slips - Boston.com
Occidental also said it agreed to buy a West Texas pipeline system owned by BP PLC.
Occidental did not disclose the financial terms of the transactions but did say the deals were for cash.
Occidental is also in various stages of negotiations over other oil and gas development projects in the Middle East and North Africa, the executive said.
www.boston.com /business/articles/2007/04/24/occidental_1q_profit_slips_to_121b   (597 words)

  
 F1 News - Grandprix.com > GP Encyclopedia > Fuels > Occidental Petroleum Corporation
The Occidental Petroleum Corporation was founded in 1920 but remained small until 1956, when Dr Armand Hammer sank $100,000 into the company, which was only worth about $34,000 at the time.
Occidental discovered an important natural gas field in California in 1959 and in 1966 won a concession from Libya's King Idris to drill for oil.
In the 1980s Occidental sold off some of its international operations and invested $4bn in an oil and gas exploration company called Cities Service.
www.grandprix.com /gpe/fue-007.html   (277 words)

  
 BW 50: Occidental Petroleum Profile
In January, Los Angeles-based Occidental, which discovered huge oil fields in Libya in the 1960s, emerged as the top bidder for new concessions there Profile: 19 years after sanctions against the country were first imposed.
Occidental Petroleum Corporation primarily engages in the exploration for, development, production, and marketing of crude oil and natural gas in the United States, Latin America, and Middle East.
Occidental also manufactures and markets basic chemicals, such as chlorine, caustic soda, potassium chemicals, and their derivatives; vinyls, including polyvinyl chloride (PVC), vinyl chloride monomer, and ethylene dichloride; and performance chemicals, including chlorinated isocyanurates, resorcinol, antimony oxide, mercaptans, and sodium silicates.
www.businessweek.com /bw50/2005/company/OXY.htm   (416 words)

  
 Ecuador voids Occidental Petroleum's oil concession, EnCana watches closely   (Site not responding. Last check: )
Occidental produces about 100,000 barrels of crude daily in Ecuador, about 20 per cent of the country's total output, and has invested about $1 billion since 1999 in its operations.
The dispute with Occidental is one of the sticking points that led to an impasse in free trade talks with Washington early last month.
The cancellation of Occidental's contract was hailed Tuesday as a "triumph for Ecuadoreans" by Luis Macas, president of the leftist Confederation of Indigenous Nationalities of Ecuador.
www.cbc.ca /cp/business/060517/b051702.html   (1017 words)

  
 Occidental Petroleum Corporation
Occidental, the governing entity for the oil and gas and chemical operations, derives roughly $7.5 billion in annual sales from its oil and gas interests and $3.6 billion from its chemicals business.
Occidental Petroleum Corporation has the expertise and experience to find and develop new sources of oil and natural gas today to fuel tomorrow's economic growth—without compromising our strong commitment to protecting the environment, promoting our high standards of social responsibility and safeguarding the health and safety of employees and neighbors.
Occidental was producing 45,000 barrels of oil per day from three fields in 1986, when it was ordered to leave the country.
www.referenceforbusiness.com /history/Oe-Pa/Occidental-Petroleum-Corporation.html   (3753 words)

  
 FOXNews.com - Occidental Petroleum 2Q Income Declines - Business And Money | Business News | Financial News
Occidental recorded an after-tax loss of $347 million, which includes the end of its investment in Ecuador.
Occidental said it has taken steps in recent months to increase shareholder returns, including expanding its share repurchase program, increasing the dividend and instituting a two-for-one stock split.
Shares of Occidental Petroleum fell $1.70, or 1.6 percent, to close at $105.24 on the New York Stock Exchange.
www.foxnews.com /wires/2006Aug04/0,4670,EarnsOccidentalPetroleum,00.html   (423 words)

  
 How the Gores, Father and Son, Helped Their Patron Occidental Petroleum [Free Republic]
Occidental was not a player in world crude-oil markets until Hammer bribed King Idris and some of his officials to gain a concession to the huge reserves there.
Occidental, with a 50 percent interest, is the operator for a group that includes Anschutz Albania Corporation with a 30 percent interest and IPC Albania Ltd. with a 20 percent interest.
Occidental, with a 50 % interest, is the operator for a group that includes Anschutz Albania Corporation with a 30 % interest and IPC Albania Ltd. with a 20 % interest.
www.freerepublic.com /forum/a38c809001b91.htm   (6982 words)

  
 Occidental Petroleum Corporation - (1/94)   (Site not responding. Last check: )
Occidental Petroleum Corporation has agreed to an order to settle its appeal from the Federal Trade Commission decision that Occidental's acquisition of certain Tenneco Polymers, Inc., assets violated the antitrust laws.
The settlement requires Occidental to divest two polyvinyl chloride (PVC) plants: Occidental's suspension PVC plant in Addis, Louisiana, and the suspension PVC and dispersion PVC plant in Burlington, New Jersey, acquired by Occidental from Tenneco.
Occidental is based in Los Angeles, California, and made the acquisition through its subsidiary, Occidental Chemical Corpora- tion.
www.ftc.gov /opa/predawn/F95/occidental-2.htm   (651 words)

  
 SignOnSanDiego.com > News > Business -- Occidental Petroleum reports 33 percent drop in profit
Occidental realized a crude oil price of $60.52 per barrel in the recent quarter, up from $55.97 per barrel a year earlier.
Occidental said it expects its chemical business to earn about $200 million during the quarter and $945 million for the full year.
Shares of Occidental Petroleum rose 72 cents, or 1.55 percent, to $47.10 in early afternoon trading on the New York Stock Exchange.
www.signonsandiego.com /news/business/20061018-1032-earns-occidentalpetroleum.html   (501 words)

  
 People's Daily Online -- Occidental Petroleum operations seized in Ecuador
Occidental Petroleum was weighing its options Wednesday after the Ecuadorean government seized its operations in the oil-rich country and derailed free- trade negotiations, a company official in Los Angeles said.
Occidental, the fourth-largest U.S. oil company based in Los Angeles, is Ecuador's biggest foreign oil producer, accounting for about 14 percent of the tiny South American country's output.
Occidental, which denied breaking its contract, has sought a tax refund of some 75 million dollars and sought to resolve the conflict via international arbitration, according to Meriage.
english.people.com.cn /200605/18/eng20060518_266667.html   (295 words)

  
 Occidental Petroleum Corporation - Wikipedia, la enciclopedia libre
Occidental Petroleum Corporation ("Oxy") NYSE: OXY es una multinacional dicada a la búsqueda y explotación de petróleo, su sede está en Westwood distrito de Los Angeles.
Por muchos años Occidental Petroleum Corporation fue dirigido por Armand Hammer, destaco en su relación amistosa a largo plazo con la Unión Sovietica, que hizo a la compañía polémica en algunos momento durante la guerra fría.
Desde 1992 a 2001, Occidental Petroleum encontró una resitencia importante al intetar extraer petróleo al noroeste de Colombia, territorio de los U'wa.
es.wikipedia.org /wiki/Occidental_Petroleum_Corporation   (749 words)

  
 abc7.com: Amazon Indians Say Occidental Petroleum Corp. Should Clean Up Oil Waste
LOS ANGELES, December 6, 2006 - Occidental Petroleum Corp. must take responsibility for cleaning up environmental toxic waste created by 30 years of drilling in the Peruvian rain forest even though it is ending oil exploration there, a group of Amazon Indians and their supporters said Wednesday.
Occidental spokesman Larry Meriage said the responsibility for cleanup passed to the new owners of the drilling operations.
Meriage said those blaming Occidental had ignored the "sub-par operations of the domestic companies that were operating in the region" at the same time.
abclocal.go.com /kabc/story?section=local&id=4830506   (574 words)

  
 Occidental Petroleum 4Q profit falls - Boston.com
Occidental Petroleum Corp. on Thursday said profit slid 19 percent due to sharply lower gas prices and moderately weaker oil prices in the fourth quarter.
Occidental's average realized oil price fell slightly year over year to $51.18 a barrel from $51.87 a barrel.
Shares of Occidental fell 80 cents, or 1.73 percent, to close at $45.40 on the New York Stock Exchange.
www.boston.com /business/articles/2007/01/25/occidental_petroleum_4q_profit_falls   (253 words)

  
 Occidental Petroleum's Proposed Acquisition of Vintage Petroleum, October 14, 2005, Background
Occidental will additionally assume approximately $550 million of Vintage debt in gaining Vintage's assets, which include $225 million of cash (see "Occidental to Buy Vintage Petroleum for $3.5 Billion" (October 14, 2005)).
According to Occidental, growth opportunities in Argentina and California were an important reason for the transaction.
Sources: Company information: Occidental Petroleum Corporation, 2004 report to the Securities and Exchange Commission on Form 10-K and Vintage Petroleum Inc., 2004 report to the Securities and Exchange Commission on Form 10-K; and Foreign totals: BP p.l.c., BP Statistical Review of World Energy 2005 (June 2005), pp.
www.eia.doe.gov /emeu/finance/mergers/ovindex.html   (348 words)

  
 S/R 30: Occidental Petroleum Abandons Oil Development on U’wa Land
At its annual shareholders meeting on May 3, 2002, Occidental Petroleum (Oxy) announced that the company will return to the Colombian government its controversial oil block located adjacent to the traditional territory of the U’wa people.
The U’wa have repeatedly denounced Occidental’s oil operation, saying it threatens their tribe and will raise the death toll of innocent civilians caught in the crossfire of Colombia’s civil war.
Occidental also finds itself center stage in a growing controversy around the Bush administration’s military aid proposal to spend $98 million to defend the company’s Caño Limon oil pipeline in Colombia, which runs through traditional U’wa land.
www.greens.org /s-r/30/30-20.html   (788 words)

  
 Gore's Oil Money
While Gore has strong ties to Occidental, the Administration's point man on the issue is Energy Secretary Bill Richardson, who last year traveled to Cartagena and met with government officials on the company's behalf.
Occidental has been eyeing the Colombian site, located in a lushly forested northern region near the town of Samore, for almost a decade.
Occidental claims to have a strong environmental record in Colombia--already the number-seven supplier of American oil and sitting atop at least 2.6 billion barrels of untapped petroleum reserves--but its viewpoint is not widely shared.
www.thenation.com /doc/20000522/silverstein   (685 words)

  
 Occidental Petroleum Corporation
Occidental Petroleum Corporation (NYSE: OXY), headquartered in Los Angeles, California, is one of the world's largest independent oil and natural gas exploration and production companies and a major North American chemical manufacturer.
Occidental Petroleum also are an industry leader in developing and utilizing enhanced oil recovery (EOR) techniques to effectively and profitably recover oil and gas from maturing properties.
Occidental Petroleum Corporation is a prominent member of the subsea oil and gas directory.
www.subsea.org /company/listdetails.asp?companyid=316   (282 words)

  
 Untitled
According to various sources, Occidental got the oil concessions after millions of dollars in bribes were paid to Libyan officials and middlemen.
In regard to the latter, in an article in Newsweek magazine, Michael Isikoff and Gregory Vistica have confirmed that Occidental Petroleum, the Gore family patron, was one of the "powerful interests" that weighed in on behalf of the Colombia package because it has "large investments" in that country.
Gore's statements about his family's connection to Armand Hammer and Occidental Petroleum strongly suggest that he is trying to hide something.
www.usasurvival.org /occidental.html   (882 words)

  
 Occidental Petroleum Announces Record Third Quarter Earnings
Earlier this month, we announced the acquisition of Vintage Petroleum, which is the latest in a series of strategic transactions aimed at strengthening the company's prospects for material growth in its core areas in California, the Middle East and Latin America.
Occidental tendered its 9 million shares of Premcor for cash and shares of Valero Energy Corporation stock pursuant to the Premcor-Valero merger agreement.
Occidental's results of operations often include the effects of significant transactions and events affecting earnings that vary widely and unpredictably in nature, timing and amount.
www.primezone.com /newsroom/news.html?d=88816   (1859 words)

  
 Occidental Petroleum Announces Third Quarter Earnings
Occidental's realized price for worldwide crude oil was $60.52 per barrel for the third quarter 2006, compared with $55.97 per barrel for the third quarter 2005.
Occidental's realized price for worldwide crude oil was $58.41 per barrel for the nine months of 2006, compared with $48.24 per barrel for the same period in 2005.
Occidental's results of operations often include the effects of significant transactions and events affecting earnings that vary widely and unpredictably in nature, timing and amount.
www.primenewswire.com /newsroom/news.html?d=107039   (1582 words)

  
 The Colombian Connection: Al Gore & Big Oil   (Site not responding. Last check: )
Interestingly, in view of Gore’s pretensions to be a dedicated environmentalist, one of the principal objections to Occidental’s drilling is its record of disastrous oil spills from its Caño Limon pipeline, just north of U'wa land and repeatedly bombed by guerrillas.
Most fascinating is the historical connection between the Gore family and Occidental Petroleum, in which Gore holds about a quarter of a million dollars worth of stock in trust for his mother.
In the current presidential campaign Occidental is his No. 2 oil industry donor with company executives and their wives kicking in $10,000 to Gore's campaign.
www.newsmax.com /articles/?a=2000/5/11/124032   (967 words)

  
 SignOnSanDiego.com > News > Business -- Occidental Petroleum profit declines, revenue jumps 36 percent
LOS ANGELES – Oil and gas producer Occidental Petroleum Corp. said Friday its second-quarter income declined due in part to the seizure of assets by Ecuador.
Occidental said it has taken steps in recent months to increase shareholder returns, including expanding its share repurchase program, increasing the dividend and instituting a two-for-one stock split.
Shares of Occidental Petroleum fell $1.70, or 1.6 percent, to close at $105.24 on the New York Stock Exchange.
www.signonsandiego.com /news/business/20060804-1338-earns-occidentalpetroleum.html   (479 words)

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