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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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August 14, 2014
16:01 EDTOXYOptions Update; August 14, 2014
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August 9, 2014
15:25 EDTOXYBridgeTex Pipeline extends open season to August 14
Magellan Midstream Partners (MMP) and Occidental Petroleum Corporation (OXY) announced that BridgeTex Pipeline has extended its supplemental open season for additional transportation commitments on the pipeline. Binding commitments are now due by 5:00 p.m. Central Time on August 14. Construction of the BridgeTex Pipeline commenced in November 2012 following an initial successful open season in which BridgeTex secured long-term transportation commitments supporting the project.The BridgeTex Pipeline is now in the final stages of construction and will be capable of transporting up to 300,000 barrels per day of Permian Basin crude oil from Colorado City, Texas to the Houston Gulf Coast Area.

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