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Houston-based Occidental Petroleum Corp. (NYSE: OXY) is cutting pay for employees and executives in an effort to weather the drastic drop in oil prices.
That’s according to the Wall Street Journal, which reviewed an internal memo from the oil and gas…
Read MoreHouston-based Occidental Petroleum Corp. (NYSE: OXY) announced March 24 that former CEO Stephen I. Chazen has been named chairman of its board of directors.
Chazen currently is chairman and CEO of Houston-based Magnolia Oil and Gas Corp. (NYSE: MGY),…
Read MoreHouston-based Occidental Petroleum Corp. (NYSE: OXY) and billionaire activist investor Carl Icahn reportedly are close to reaching an agreement that involves seats on the oil producer’s board of directors.
People familiar with the matter told the Wall…
Read MoreEOG Resources Inc. (NYSE: EOG) is the latest Houston-based energy company to cut 2020 capital expenditures, and Irving, Texas-based Exxon Mobil Corp. (NYSE: XOM), which has a massive presence in Houston, is considering cuts as well.
A rapid drop in oi…
Read MoreHouston-based Occidental Petroleum Corp. (NYSE: OXY) has cut its planned spending for the year by more than $1 billion.
The company will spend between $3.5 billion and $3.7 billion in 2020, down from previous estimates between $5.2 billion and $5.4 bi…
Read MoreHouston-based Occidental Petroleum Corp. (NYSE: OXY) is adding more than 90,000 square feet to its existing headquarters, just a month after Oxy made another noteworthy real estate transaction in the Houston area.
The oil and gas company inked a long-…
Read MoreAlthough Houston was host to the largest oil and gas merger of the year, deals across the space were down in 2019 by total value, volume and average size.
Of the seven deals in 2019 valued over $5 billion — so-called megadeals — four of them involved …
Read MoreHouston-based Occidental Petroleum Corp. (NYSE: OXY) started notifying employees this week that it will cut jobs.
The company has been offering voluntary employee buyouts after acquiring The Woodlands-based Anadarko Petroleum Corp. in a $55 billion de…
Read MoreHouston-based Occidental Petroleum Corp. (NYSE: OXY) and The Woodlands-based Western Midstream Partners LP (NYSE: WES) announced on Jan. 6 several steps they’ve taken to start separating.
Occidental gained control of the master limited partnership via…
Read MoreHouston-based Occidental Petroleum Corp. (NYSE: OXY) will add Andrew Gould to its board of directors effective March 1, according to a Jan. 2 press release.
The appointment comes amid billionaire activist investor Carl Icahn’s efforts to replace memb…
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