Occidental retired $1.9 billion of debt in a single quarter, putting the $10 billion principal target within reach from $11.8 billion today. Realized crude at $96.78 a barrel and production above the top end of guidance funded it.
Occidental Petroleum :
OXY
OXY
Stock Data
$58.55
$0.51 (0.86%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
ENERGY
Industry
OIL & GAS E&P
Occidental Petroleum Corp is a leading energy company specializing in oil and gas exploration and production, with a significant presence in the United States, the Middle East, and North Africa. It operates across three main segments: Oil and Gas, Chemical, and Midstream and Marketing. The company focuses on discovering and producing oil, natural gas liquids, and natural gas, alongside manufacturing basic chemicals and vinyls. It also plays a crucial role in the transportation, storage, and marketing of these resources. Founded in 1920, Occidental has its headquarters in Houston, Texas.
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