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February 14, 2013
18:25 EDTOXYOccidental Petroleum forms search committee for CEO succession process
Occidental Petroleum announced that as part of the company's succession planning process, the Board has formed a search committee to undertake a review of internal and external candidates to succeed President and CEO, Stephen I. Chazen, with the assistance of a leading executive search firm. The company has not set a timetable for completion of the search. As previously announced, Dr. Ray R. Irani, who continues to serve as Executive Chairman, will retire at the end of 2014. "Succession planning and best corporate governance practices have been a high priority for the Board over the past number of years," said Director Margaret Foran. "We look forward to a thoughtful and smooth process that will yield the best result for Oxy and all of its constituencies.
News For OXY From The Last 14 Days
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January 29, 2015
10:10 EDTOXYOccidental Petroleum expects to deliver 100K Boed average production in 2015
10:09 EDTOXYOccidental Petroleum expects to deliver 6%-10% production growth in 2015
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10:00 EDTOXYOccidental Petroleum sees FY15 CapEx $5.8B
The company plans to focus its capital spending on the core areas of operation, specifically the Permian Basin. The company expects to outspend cash flow during 1H15, but by year end, its operating cash flow will cover capital expenditures and dividend payments, assuming a $60/bbl oil price environment.
09:58 EDTOXYOccidental Petroleum: US supply, weak Asian demand led to product price decline
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07:21 EDTOXYOccidental Petroleum reports year-end proved reserves 2.82B BOE
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07:10 EDTOXYOccidental reports Q4 total average daily oil and gas production 616K BOE
For the fourth quarter of 2014, total company average daily oil and gas production volumes, excluding Hugoton which was sold in the first quarter, increased by 41,000 BOE to 616,000 BOE from 575,000 BOE in the fourth quarter of 2013. Domestic average daily production increased by 26,000 BOE to 321,000 BOE in the current quarter with the majority of the increase coming from oil production, which grew by 19,000 barrels to 189,000 barrels per day. Nearly 80 percent of the increase was from Permian Resources operations. International average daily production increased to 295,000 BOE in the fourth quarter of 2014 from 280,000 BOE in fourth quarter of 2013. Over half of the increase resulted from the impact of production-sharing contracts and the remainder from operational improvements. Total company average daily sales volumes grew from 597,000 BOE in the fourth quarter of 2013 to 635,000 BOE in the same period of 2014. Sales volumes were higher than production volumes mainly due to the timing of liftings in the Middle East.
07:09 EDTOXYOccidental Petroleum sees FY15 oil and gas spending $4.5B
07:09 EDTOXYOccidental Petroleum sees cutting FY15 CapEx by 33% to $5.8B
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07:09 EDTOXYOccidental Petroleum reports Q4 core EPS 72c, consensus 68c
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January 28, 2015
15:38 EDTOXYNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Celgene (CELG), consensus 99c... ConocoPhillips (COP), consensus 59c... Abbott Laboratories (ABT), consensus 67c... Occidental Petroleum (OXY), consensus 68c... Colgate-Palmolive (CL), consensus 74c... Ford (F), consensus 23c... Dow Chemical (DOW), consensus 69c... Alibaba (BABA), consensus 75c... Thermo Fisher (TMO), consensus $1.94; Time Warner Cable (TWC), consensus $2.09... Phillips 66 (PSX), consensus $1.34... Alexion Pharmaceuticals (ALXN), consensus $1.29... Baxter International (BAX), consensus $1.31... Cardinal Health (CAH), consensus $1.10... Raytheon (RTN), consensus $1.08... Northrop Grumman (NOC), consensus $2.25... Viacom (VIAB), consensus $1.28... Valero Energy (VLO), consensus $1.32... Sherwin-Williams (SHW), consensus $1.38... Hershey (HSY), consensus $1.06... Mead Johnson (MJN), consensus 88c... Zimmer (ZMH), consensus $1.71... Xcel Energy (XEL), consensus 34c... Royal Caribbean (RCL), consensus 42c... Coach (COH), consensus 66c... Kate Spade (KATE), consensus 24c... Harley-Davidson (HOG), consensus 34c... Stanley Black & Decker (SWK), consensus $1.52... L-3 Communications (LLL), consensus $2.27... JetBlue (JBLU), consensus 24c.

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