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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.
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November 24, 2015
06:28 EDTOXYImpact of low oil prices extends beyond oil industry, WSJ says
The fall in crude prices is having a ripple effect that extends beyond the oil industry, the Wall Street Journal reports. Sales of single family homes in Houston were down 10% year over year in October, the report says, and restaurants in Texas and the Southwest have seen a drop in sales and customer traffic. Brinker (EAT) credited weak oil prices for downbeat results in states that rely heavily on the energy industry, the report says. Occidental Petroleum (OXY) and American Eagle Energy (AMZG) have both exited Bakken last month, with Occidental selling its North Dakota assets and American Eagle seeking chapter 11 bankruptcy protection, the report says. Reference Link
November 16, 2015
09:42 EDTOXYOccidental Petroleum management to meet with JPMorgan
Meetings to be held in Boston on November 17-18 hosted by JPMorgan.
07:17 EDTOXYSeaport Global to hold a conference
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