What were the main areas of acquisition for Occidental Petroleum in this filing?

Occidental Petroleum acquired assets in the Permian Basin, which spans West Texas and New Mexico, and the Piceance Basin located in Colorado.

What is the strategic importance of these acquisitions?

These acquisitions are strategically important as they expand OXY's presence in prolific U.S. oil and gas producing basins, likely aiming to grow reserves and enhance production volumes.

Where can investors find more detailed information about these acquisitions?

Further details regarding these acquisitions are available in the press release dated December 17, 2007, which is attached as Exhibit 99.1 to this 8-K filing.

OXY/OXY-WT 8-K SEC Disclosure

Summary

Occidental Petroleum Corporation (OXY) announced significant strategic acquisitions on December 17, 2007, marking a substantial expansion of its operations. The company has secured assets in both the Permian Basin, covering West Texas and New Mexico, and the Piceance Basin in Colorado. These acquisitions are expected to bolster OXY's presence in key energy-producing regions, potentially increasing its reserves and production capacity.

Key Highlights

1Occidental Petroleum announced strategic acquisitions in the Permian Basin (West Texas & New Mexico) and Piceance Basin (Colorado).
2The acquisitions are aimed at expanding the company's operational footprint in key U.S. energy-producing regions.
3These moves are anticipated to enhance OXY's oil and gas reserves and future production potential.
4The announcement was made via a press release dated December 17, 2007, filed as an exhibit to the 8-K.
5This filing indicates proactive growth initiatives by OXY to strengthen its asset base.

OCCIDENTAL PETROLEUM CORP /DE/ 8-K Report, Corporate Update (Dec 17, 2007)

Summary

Key Highlights

Frequently Asked Questions