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Stock Market & Financial Investment News

News Breaks
July 10, 2014
16:08 EDTOXYOccidental Petroleum names Todd Stevens as president, CEO of subsidiary
Occidental Petroleum Corporation announced the leadership team for its subsidiary California Resources Corporation, or CRC, appointing Todd Stevens as president and CEO, and William Albrecht as executive chairman of the board. CRC will be an independent oil and natural gas exploration and production company focused on high-growth, high-return conventional and unconventional assets exclusively in California. Stevens is a 19-year veteran of Occidental and has served as VP of corporate development, since August 2012.
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September 16, 2014
09:59 EDTOXYOn The Fly: Analyst Downgrade Summary
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05:36 EDTOXYOccidental Petroleum downgraded to Equal Weight from Overweight at Barclays
Barclays downgraded Occidental Petroleum to Equal Weight saying the company's restructuring could disappoint. The firm believes Occidental's U.S. onshore assets are unlikely to attract a premium and it lowered its price target for shares to $109 from $117.
September 15, 2014
13:51 EDTOXYOccidental chemical unit to pay $190M in Passaic River cleanup, Bloomberg says
According to New Jersey state officials, Occidental Petroleum's chemical unit agreed to pay $190M to cover its liability in the cleanup of industrial contamination in the Passaic River in New Jersey, says Bloomberg Businessweek. Reference Link

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