8-KOther Events

OCCIDENTAL PETROLEUM CORP /DE/ 8-K Report (Feb 12, 1998)

Filed February 12, 1998For Securities:OXYOXY-WT

Summary

Occidental Petroleum Corporation filed an 8-K report on February 12, 1998, with the Securities and Exchange Commission. This filing primarily concerns the registration of securities under the Securities Act of 1933. Specifically, it relates to the company's Dividend Reinvestment and Stock Purchase Plan, allowing shareholders to reinvest cash dividends and make additional cash purchases of the company's common stock. While this filing doesn't detail operational performance or financial results, it's crucial for investors interested in capital allocation and shareholder programs. It indicates Occidental Petroleum's commitment to providing mechanisms for existing shareholders to increase their stake in the company, potentially influencing share buybacks and dividend payout strategies.

Key Highlights

  • 1Occidental Petroleum Corporation filed an 8-K report on February 12, 1998.
  • 2The filing pertains to the registration of securities under the Securities Act of 1933.
  • 3The registration covers shares of common stock offered under the company's Dividend Reinvestment and Stock Purchase Plan.
  • 4This plan allows shareholders to reinvest dividends and make additional cash purchases of OXY stock.
  • 5The filing is administrative in nature, related to equity issuance mechanisms.
  • 6No specific financial performance metrics or operational updates are presented in this 8-K.
  • 7This filing underscores the company's continued engagement with its shareholder base through equity purchase programs.

Frequently Asked Questions

The main purpose of this 8-K filing is to register securities, specifically shares of Occidental Petroleum common stock, that are available for purchase or reinvestment through the company's Dividend Reinvestment and Stock Purchase Plan.

No, this 8-K filing is primarily an administrative document related to the registration of securities for a shareholder plan. It does not contain specific financial results, operational performance data, or material business updates.

The filing indicates that the Dividend Reinvestment and Stock Purchase Plan allows shareholders to automatically reinvest their cash dividends into purchasing more Occidental Petroleum common stock. It also permits additional voluntary cash purchases of the company's stock by participants.

This filing is significant for investors interested in how the company facilitates shareholder participation and potential share accumulation. It suggests a mechanism for ongoing capital deployment into equity through shareholder programs, which can impact overall share count and dividend payout strategies, but it does not directly provide market performance data or company valuations.