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Topic: Occidental Petroleum Company


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  StockSelector.com News for OXY   (Site not responding. Last check: 2007-10-21)
Occidental Petroleum Corporation (OXY) announced today that it is donating $1 million to the American Red Cross to aid the victims of Hurricane Katrina.
Occidental Petroleum Corporation (OXY) said today that its board of directors has declared a regular quarterly dividend of $.31 per share on common stock payable October 15, 2005, to stockholders of record on September 9, 2005.
Occidental Petroleum Corporation (OXY) announced today that a Royal Decree has been issued by the Sultanate of Oman approving the contract for the development of the Mukhaizna oil field, one of the largest oilfields in Oman.
www.stockselector.com /news.asp?symbol=OXY   (831 words)

  
 The United Nations
Occidental Chemical is regarded by environmental groups as one of the worst polluters in an industry where the competition for that position is fierce.
Occidental's handling of its employees' affected by the poison reveals a great degree of indifference for their health and safety.
Occidental refused to submit to the House Committee on Oversight and Investigations a 1968 study conducted by the company of groundwater contamination resulting from dumping.
multinationalmonitor.org /hyper/issues/1989/07/gold.html   (2383 words)

  
 Occidental Petroleum Corporation   (Site not responding. Last check: 2007-10-21)
Occidental Petroleum Corporation ("Oxy") is an international petroleum exploration and development company, which has also had interests in other forms of energy such as coal, and the production of other minerals such as phosphates.
For many years it was headed by the late Armand Hammer, who was noted for his long-term friendly relationship with the Soviet Union, which has made the company controversial.
Much of Oxy's coal and phosphate production was from Tennessee, the state Gore represented in the Senate, and Gore owned shares of stock in the company, which are now controlled by his son, former Vice President Albert Gore, Jr.
www.sciencedaily.com /encyclopedia/occidental_petroleum_corporation   (219 words)

  
 Occidental, plagued by protesters, touts turnaround - Rainforest Action Network News   (Site not responding. Last check: 2007-10-21)
Occidental Vice President Lawrence Meriage said the proposed drill site had been moved and now lay outside of the U'wa's territory, and said the company had and would abide by the Colombian government's decision on the dispute.
Occidental had first-quarter net income before special items of $264 million, or 74 cents a share, versus a loss of $68-million, or 17 cents per share, in 1999.
Oxy, as the company is known, has seen share prices recover from a low of slightly more than $15 each in February to close at 21-7/16 on Friday, down 8/16.
www.ran.org /news/newsitem.php?id=318&area=oil   (494 words)

  
 Boston.com / Business / Ecuador to cancel Occidental Oil contract   (Site not responding. Last check: 2007-10-21)
Ecuador's attorney general asked the Energy Ministry to cancel a contract with U.S. company Occidental Petroleum Corp., alleging Tuesday that the company failed to fully comply with a concession to operate oil fields in the Amazon jungle.
QUITO, Ecuador --Ecuador's attorney general asked the Energy Ministry to cancel a contract with U.S. company Occidental Petroleum Corp., alleging Tuesday that the company failed to fully comply with a concession to operate oil fields in the Amazon jungle.
Officials allege that Occidental transferred 40 percent of its concession shares to Canadian petroleum company EnCana in November 2000 without authorization from the Energy Ministry.
www.boston.com /business/articles/2004/08/24/ecuador_to_cancel_occidental_oil_contract?mode=PF   (275 words)

  
 NewsMax.com: Article Archives   (Site not responding. Last check: 2007-10-21)
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 1992 the company lent the Presidential Inauguration Committee $100,000.
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/archive/get2.pl?a=2000/5/11/124032   (959 words)

  
 OneWorld U.S. Home / Today's News - Protest Planned on Colombia Aid
Occidental gained infamy for their relentless attempts to drill for oil on the lands of the U'wa indigenous people, who inhabit the pristine cloud forests that form the headwaters of the Amazon Basin and their role in the 1998 Santo Domingo massacre, which left 18 civilians dead.
Occidental, a company that gained infamy for its attempts to drill for oil on sacred U'wa land seems determined to maintain its wretched reputation due to its close association with the 18th battalion of the Colombian Armed Forces--notorious for its human rights violations.
Occidental Petroleum has succeeded in hijacking U.S. policy on Colombia and asking U.S. taxpayers to foot the bill, while innocent Colombians pay with their lives.
us.oneworld.net /article/view/54593/1   (561 words)

  
 Current Action - Global Response - Environmental Action & Education
Occidental's first drill site is just 600 yards outside the U'wa Reservation, but well within U'wa traditional homelands.
Last year, 13% of Occidental's shareholders voted for a resolution to assess the negative impacts of Occidental's project in U'wa territory.
Urge Gore to confront Occidental and convince the company to withdraw from all U'wa traditional territory.
www.globalresponse.org /gra.php?i=1/00&j=printable   (881 words)

  
 Unocal Joins Occidental Natural Gas Development Project In Bangladesh
LOS ANGELES, Jan. 16 /PRNewswire/ -- Occidental Petroleum Corporation and Unocal Corporation today announced the signing of a farm-in agreement between their subsidiaries which provides for the transfer to Unocal of a 50 percent interest in Occidental's production-sharing contracts covering 3 million acres in northeast Bangladesh.
Occidental is the operator for Blocks 13 and 14, where the Jalalabad gas field has been discovered, and Block 12, which is adjacent to several gas fields operated by Petrobangla, the Bangladesh national petroleum company.
Both companies believe this is a promising natural gas area with a significant known resource that is linked to a ready market.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/47201&EDATE=   (257 words)

  
 Lawsuit Filed Against Occidental for Involvement in Massacre   (Site not responding. Last check: 2007-10-21)
In addition, notwithstanding Occidental’s responsibility for the massacre in Santo Domingo, the U.S. has specifically given $125 million to the Colombian military to protect Occidental’s oil pipeline—an unprecedented $3 a barrel subsidy-- and has sent U.S. special forces to train the Colombian troops in protecting this pipeline.
Occidental was a major proponent of Plan Colombia -- the plan under which the U.S. provided its 1.3 billion dollar installment to the Colombian military in 2000 -- and remains a major beneficiary of this Plan.
The company was besieged by international protest for their relentess attempts to drill for oil on ancestral territory of the U’wa people.
www.laborrights.org /press/oxy042403.htm   (695 words)

  
 CorpWatch: Al Gore: The Other Oil Candidate
Occidental Vice President Lawrence Mirage testified before Congress in favor of the military aide package during the February deliberations, throwing in that those opposed to Occidental's drilling were a bunch of "extremists."
Mired for years by declining reserves, Occidental's revenues for the first quarter of this year showed a dramatic 87 percent increase from the same period in 1999, before it began operations in the Elk Hills.
Occidental agreed to first allow the State Native American Heritage Commission to retrieve what it feels is most valuable for a future display at a Museum at the California State University in Bakersfield.
www.corpwatch.org /article.php?id=468   (1649 words)

  
 Colombia: Support U'wa People Versus Occidental Petroleum
Occidental Petroleum Company from drilling in their traditional
Occidental's shareholders voted for a resolution to assess the
Occidental to abandon oil fields on all U'wa land.
forests.org /archive/samerica/gentartv.htm   (990 words)

  
 Armand Hammer and Occidental Petroleum - A Corporate Governance Case Study   (Site not responding. Last check: 2007-10-21)
Occidental’s proxy revealed that the company had undertaken to finance the cost of a biography of Hammer, detailing his life from 1987–89.
Occidental would bear the cost of constructing the new museum, and ren-ovating four floors of the Occidental HQ building for use by the museum under a 30-year rent-free lease.
Occidental was the subject of several shareholder suits charging that the museum represented improper use of corporate assets.
www.thecorporatelibrary.com /special/cgii/cases/cs_oxy.html   (2198 words)

  
 Accuracy In Media   (Site not responding. Last check: 2007-10-21)
The company was run by the late Armand Hammer, a Soviet agent, who helped make the Gore family rich.
The company is believed to be a major force behind the diplomatic drive to resume relations with Libya and its terrorist leader, Moammar Gadhafi.
The Washington Post on February 27th identified Occidental and three other oil companies as anxious to survey and exploit oil fields in Libya they had to abandon when sanctions were imposed on the Gadhafi regime for its role in the terrorist bombing of Pan Am 103 in 1988.
www.aim.org /publications/media_monitor/2000/03/10.htm   (515 words)

  
 Colombia: Laboratory of war - Repression and violence in Arauca. - Amnesty International   (Site not responding. Last check: 2007-10-21)
US oil company Occidental Petroleum has also reportedly funded the Brigade, although it has not confirmed whether it is still doing so.(10) The brigade has been accused of human rights violations and collusion with paramilitary forces.
Occidental Petroleum operates under an "association contract" with the state oil company Ecopetrol, which owns 50% of the pipeline.
Occidental Petroleum is the second largest oil producer in Colombia.
web.amnesty.org /library/index/ENGAMR230042004   (17957 words)

  
 SurfWax: Company News and Articles On Occidental Petroleum Corporation
Occidental Petroleum Corporation's being the first American company to resume operation in Libya is an obvious example.
Occidental was required to leave its oil exploration and production operations in the prolific Sirte Basin in 1986 when the U.S. government barred American...
They sued Occidental Petroleum Corporation, their employer, which was forced to pay millions in compensation to the affected workers.
www.inqit.com /files/Occidental_Petroleum_Corp.html   (2057 words)

  
 Occidental Petroleum News
Occidental Petroleum said it is buying an interest in oil and gas production from Exxon Mobil in west Texas for about $972 million.
Occidental Petroleum Corporation announced today that former U.S. Secretary of Energy, Spencer Abraham, 52, was elected by the company's stockholders to its board of directors.
OCCIDENTAL Petroleum, miner BHP Billiton and banks BNP Paribas and Nomura Holdings are among the best-run firms, the new FTSE ISS Corporate Governance Index has found.
www.topix.net /com/oxy   (1195 words)

  
 americas.org - U.S. Oil Firm Starts Drilling   (Site not responding. Last check: 2007-10-21)
U.S. oil company Occidental Petroleum Corp (Oxy) began drilling a test well early on November 3 on land claimed by the indigenous U’wa tribe in the northeastern Colombian department of Norte de Santander, according to a statement from Colombia’s Mines and Energy Ministry and the state oil company Ecopetrol.
The drill site is located in an area known to oil companies and the government as the Samoré block, which Oxy officials say is believed to hold reserves of about 2 billion barrels of crude.
Environmental and indigenous rights groups which have been supporting the U’wa’s struggle to stop oil projects from destroying their traditional land and way of life are calling on activists to schedule emergency actions to protest the drilling.
www.americas.org /item_6396   (285 words)

  
 Letter to Shareholders from The Sinsinawa Dominicans - April 14, 1999
The company has plans to drill on what the U'wa consider their sacred land, and the U'wa have threatened to commit mass suicide if the drilling occurs.
Commentators would blame the company, and Occidental would almost certainly become a pariah of the investment community - unable to attract capital to their deals, and unable to retain existing investors.
WHEREAS: the company is concerned that elders of the U'wa tribe in the cloudforest/rainforest of Colombia, South America, have threatened to walk off a 1400 foot cliff in a mass suicide of Occidental drills on their sacred land.
www.foe.org /international/shareholder/occidental1.htm   (464 words)

  
 foei: link magazine
The following is Aart's account of his visit with the U'wa people, whose heated struggle to stop the Occidental Petroleum company from drilling on their land is heading for a potentially tragic climax.
They call the earth "our mother", and the petroleum that courses beneath its surface is considered to be her blood.
Since Occidental Petroleum is US-based and has no offices or pump stations in Europe, it was decided that the focus would be Colombian embassies.
www.foei.org /publications/link/91/e91at_the_cliffs_edge.html   (1033 words)

  
 George Caffentzis: The Petroleum Commons   (Site not responding. Last check: 2007-10-21)
Presently, the idea of a petroleum common is at the center of the discourse of the resistance to oil companies in the Nigeria Delta.
The most powerful weapon in the hands of the government and the oil companies against the demand for reparations and the recognition of communal ownership of oil are the division existing between the different ethnic groups that populate the Delta, which have already resulted in thousands of deaths over the last decade.
Occidental Petroleum Company had calculated it could extract over a billion barrels of oil from this area, and was anxious to verify the estimate.
www.counterpunch.org /caffentzis12152004.html   (5046 words)

  
 Gore's Oil
Occidental then began payments of $20,000 a year for the right to mine it.
Standing in Occidental’s way are the U’wa people, a remote Colombian Indian tribe inhabiting the country’s rainforests in the northeast, who do not want to leave their ancestral land.
He has not protested Occidental’s mining decision, or threatened to dispose of his stock or rallied fellow stockholders on behalf of the U’wa.
www.antiwar.com /rep/szamuely/szamuely29.html   (945 words)

  
 ISIS Amazon Project: Responses to Oil Development   (Site not responding. Last check: 2007-10-21)
ISIS is preparing an analysis of the varied agreements made by Occidental, the consortium building the heavy crude pipeline, and other oil companies with indigenous communities and local governments.
ISIS is working with a broad NGO and civil society network in Ecuador and internationally to anticipate and mitigate the environmental threat posed by construction of a new heavy crude oil pipeline and to respond to the newest round of oil concessions in southeast Ecuador.
The fact that Occidental is one of the members of the consortium building the pipeline makes it particularly appropriate that ISIS be involved.
isis.hampshire.edu /amazon/oil   (578 words)

  
 RIGZONE - Ecuador's Govt. Nears Oxy Contract Decision
The attorney general also says that Occidental has failed to comply with the investment plan that it presented when it began operations on the block.
Occidental brought a lawsuit against Ecuador's government over a tax dispute, and in July this year an international arbitration panel ordered the government to pay Occidental a US$75mn refund, a decision that the government is appealing.
Occidental began producing oil in block 15 in 1985, and farmed out the 40% to Encana, then Alberta Energy, in 2000.
www.rigzone.com /news/article.asp?a_id=16309   (432 words)

  
 Occidental Petroleum Corporation - Fact Sheet - Hoover's
Occidental Petroleum also has an energy trading and marketing operation, Occidental Energy Marketing.
There are 21 competitors for Occidental Petroleum; see more.
TIP: Hoover's proprietary industry structure allows you to tell at-a-glance how diversified a company's operations are, and which line of business can be considered a company's primary industry.
hoovers.com /occidental-petroleum/--ID__11110--/free-co-factsheet.xhtml   (348 words)

  
 GN Online: Occidental profit jumps 13-fold
Integrated oil company Occidental Petroleum Corp yesterday said its first-quarter profit rose 13-fold, boosted by significantly higher oil and gas prices and increased production.
Los Angeles-based Occidental reported net income of $325 million, or 86 cents a share, up from $25 million, or 7 cents a share, in the year-ago quarter.
Occidental realised higher prices for petrovinyl chloride and chlorine, offset in part by higher feedstock costs.
www.gulf-news.com /Articles/news.asp?ArticleID=85288   (371 words)

  
 RIGZONE - Burlington Pulls Out of Block 64 in Peru
US-based oil company Burlington Resources is awaiting formal approval from Peru's energy and mines ministry to withdraw from block 64 because of indigenous opposition to exploration, company spokesperson James Bartlett told BNamericas from Houston.
Burlington reached an agreement with fellow US oil company Occidental Petroleum, which operates the block earlier this year to withdraw from the block, when Burlington's 25% share will revert to Oxy, Bartlett said.
Occidental was immediately unavailable to confirm this when contacted by BNamericas.
www.rigzone.com /news/article.asp?a_id=9829   (357 words)

  
 Occidental Petroleum Corporation Quote Financials   (Site not responding. Last check: 2007-10-21)
Occidental Petroleum Corporation Quote Financials : We have listed a selection of UK advertisers based on your search term.
Occidental Petroleum Corporation primarily engages in the exploration for...
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www.vrgin.co.uk /Occidental-Petroleum-Corporation-Quote-Financials.html   (335 words)

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