OXY SEC Filings

Occidental Petroleum Corporation (OXY) filed a Form 8-K on May 5, 2026, to report its financial condition and results of operations for the first quarter ended March 31, 2026. The company released its earnings via a press release, which is furnished as Exhibit 99.1 to this filing. This report primarily serves to formally submit the earnings announcement to the SEC, with detailed financial performance metrics and operational highlights contained within the referenced press release. Investors should refer to Exhibit 99.1 for specific figures related to revenue, earnings, cash flow, and any forward-looking guidance provided by OXY for the period.

Occidental Petroleum Corporation reported a significant increase in net income attributable to common stockholders for the first quarter of 2026, reaching $3.175 billion, a substantial rise from $766 million in the prior year period. This surge was largely driven by a $3.1 billion after-tax gain from the sale of its OxyChem business, which closed in January 2026. Despite this one-time gain, the core operations also showed resilience, with income from continuing operations totaling $236 million, down from $830 million in Q1 2025, influenced by lower commodity prices and derivative losses. The company made substantial progress on its deleveraging strategy, utilizing proceeds from the OxyChem divestiture to repay approximately $6.7 billion in debt during the quarter, significantly reducing its long-term debt obligations. This strategic move is expected to strengthen the balance sheet and improve financial flexibility. While cash flow from operations declined year-over-year due to working capital changes related to commodity price increases, the company maintains a strong liquidity position with substantial cash on hand and available credit facilities, positioning it to meet near-term obligations.

Occidental Petroleum Corporation (OXY) announced significant leadership changes via an 8-K filing on May 4, 2026. Effective June 1, 2026, current President and CEO Vicki Hollub will retire from her executive role but will continue to serve on the Board of Directors. This transition marks the end of Ms. Hollub's tenure as CEO, and she will receive retirement benefits as per Occidental's policy, coupled with a separation and release agreement. The Board has appointed Richard A. Jackson, currently Senior Vice President and Chief Operating Officer, as the new President and CEO. Mr. Jackson, who has been with Occidental since 2003 and possesses over 25 years of industry experience, will assume his new responsibilities on the same effective date. His compensation package has been updated to reflect his new role, including an increased base salary, a higher target annual cash incentive, and a significant restricted stock unit grant designed to vest over three years.

Occidental Petroleum Corporation (OXY) has filed a Form 8-K on April 10, 2026, to provide investors with management's perspective on factors expected to influence its first quarter 2026 financial results. This filing serves as a pre-release or advisory notice, furnishing details on what the company anticipates will shape its upcoming earnings report, rather than announcing finalized figures. Investors should consult the furnished Exhibit 99.1, titled 'Occidental Petroleum Corporation First Quarter 2026 Earnings Considerations,' for specific insights into these influencing factors. While this report does not contain definitive financial results, it is crucial for investors seeking to understand the potential drivers behind OXY's performance in the first quarter of 2026. The information provided is intended to offer a forward-looking view on key operational and financial elements that management deems significant. It's important to note that the content furnished under Item 2.02 is not considered 'filed' for regulatory purposes under Section 18 of the Exchange Act, nor is it automatically incorporated into other SEC filings unless explicitly referenced.

Occidental Petroleum Corporation (OXY) has filed an 8-K report detailing significant actions regarding its outstanding debt. The company announced the early results and amendments to its cash tender offers for several series of its senior notes and debentures, collectively referred to as the "Subject Notes." Notably, OXY has increased the maximum aggregate principal amount it intends to purchase from $700 million to $1.2 billion, signaling a substantial debt reduction effort. Furthermore, the filing specifies a Fifth Supplemental Indenture related to its 6.125% Senior Notes due 2031. This amendment becomes operative on March 9, 2026, and importantly, it eliminates certain covenants and reduces the minimum notice period for redemption to 5 business days. These actions suggest a strategic move by Occidental to enhance its financial flexibility and potentially optimize its capital structure.

Occidental Petroleum Corporation (OXY) announced on February 19, 2026, the commencement of cash tender offers for up to an aggregate principal amount of $700.0 million of its outstanding senior notes. These offers include specific series of Zero Coupon Senior Notes due 2036, and various Senior Notes and Debentures maturing between 2029 and 2031. A sub-cap of $58.0 million applies to the 0.000% 2036 Notes, though these caps are subject to Occidental's discretion to increase them. Concurrently, Occidental is soliciting consents to amend the indentures governing certain of these notes to eliminate specific covenants. The company intends to fund these repurchase obligations using existing cash on hand, bolstered by proceeds from the recent sale of its chemical subsidiary. The tender offers and consent solicitations will expire on March 19, 2026, with an early tender deadline of March 4, 2026, which would entitle participating holders to an early tender premium.

Occidental Petroleum Corporation (OXY) reported its fiscal year 2025 results, highlighting the completion of its strategic divestiture of OxyChem for $9.7 billion, resulting in an estimated gain of $3.2 billion. This transaction simplifies the company's structure and allows for a renewed focus on its core oil and gas and midstream and marketing businesses. Financially, the company saw a decrease in average WTI and Brent oil prices compared to 2024, impacting revenue. Despite lower commodity prices, OXY maintained its production levels, particularly in the Permian Basin, and continued to invest in high-return oil and gas assets. The company also made significant progress on its debt reduction strategy, utilizing proceeds from divestitures to pay down a substantial portion of its debt, bringing the principal outstanding to approximately $15 billion. OXY remains committed to returning capital to shareholders through dividends and opportunistic share repurchases, with a strategic goal to achieve an investment-grade credit rating.

Occidental Petroleum Corporation (OXY) has filed an 8-K to report its financial results for the year ended December 31, 2025. The company has released a press release detailing its financial condition and operational performance for the past fiscal year. Investors should refer to the furnished press release (Exhibit 99.1) for the specific financial metrics, including revenue, net income, earnings per share, and any commentary on operational achievements or challenges during 2025. This filing primarily serves as a notification of the release of these results. While the press release itself contains the substantive financial information, the 8-K filing structure indicates that this information is being made public concurrently with the 8-K's submission. It is important for investors to note that the information provided is furnished and not deemed "filed" for purposes of Section 18 of the Exchange Act, meaning it doesn't automatically become part of other SEC filings unless specifically incorporated.

Occidental Petroleum Corporation (OXY) has filed an 8-K report on January 20, 2026, to provide investors with a summary of key factors management anticipates will influence the company's fourth quarter of 2025 financial results. This "Earnings Considerations" document, furnished as Exhibit 99.1, serves as an early look at potential performance drivers and operational highlights before the official earnings release. While specific financial figures are not detailed within this 8-K, the furnishing of "Earnings Considerations" suggests that management is proactively communicating material information to the market. Investors should review Exhibit 99.1 for a detailed understanding of the operational, market, and strategic elements that Occidental Petroleum expects to shape its Q4 2025 performance, which could impact future outlook and valuation. This preemptive disclosure aims to provide context and manage expectations ahead of the formal earnings announcement.

Occidental Petroleum Corporation (OXY) has announced the completion of the divestiture of its chemical business, Occidental Chemical Corporation, to Berkshire Hathaway Inc. This significant transaction, valued at $9.7 billion in cash subject to customary adjustments, was finalized on January 2, 2026, as previously disclosed on October 3, 2025. The divestiture represents a strategic move to streamline Occidental's operations and likely aims to bolster its financial position, potentially reducing debt or increasing financial flexibility. Investors should note that this filing includes unaudited pro forma financial statements, which provide a view of Occidental's financial position and performance as if the divestiture had occurred at earlier dates. These statements, attached as Exhibit 99.2, are crucial for understanding the post-divestiture financial profile of the company. The company's press release, also furnished, confirms the completion and signifies a new chapter for Occidental, focusing on its core businesses.

Occidental Petroleum Corporation (OXY) has filed an 8-K report on November 10, 2025, detailing its financial results for the quarter ended September 30, 2025. The report primarily incorporates by reference a press release (Exhibit 99.1) that contains the company's operational and financial performance for the period. Investors should review this press release for specific details regarding revenue, profitability, production levels, and any strategic updates provided by management. While this 8-K filing itself is brief and mainly serves to attach the press release, the substance of the investor information lies within Exhibit 99.1. This includes key financial metrics, segment performance, and outlook for the remainder of the fiscal year. Investors are advised to examine the press release thoroughly for a comprehensive understanding of OXY's current financial standing and operational highlights during the third quarter of 2025.

Occidental Petroleum Corporation's third-quarter 2025 report shows a solid financial performance, though with some year-over-year declines in key metrics. Net income attributable to common stockholders was $661 million, or $0.65 per diluted share, compared to $964 million, or $0.98 per diluted share, in the prior year's third quarter. This decrease was primarily driven by lower commodity prices, particularly for crude oil, which impacted the oil and gas segment's profitability, and increased depreciation from the full integration of CrownRock assets. A significant strategic development is the announced sale of OxyChem to Berkshire Hathaway for $9.7 billion, expected to close in Q4 2025. Occidental intends to use the majority of these proceeds for debt reduction, a key priority. The company also reported continued deleveraging efforts through debt repayments and warrant exercises, strengthening its balance sheet. While the company navigates ongoing commodity price volatility and inflationary pressures, its focus remains on maintaining production, delivering a sustainable dividend, and advancing its low-carbon ventures.

Occidental Petroleum Corporation (OXY) has filed an 8-K to provide an overview of factors management anticipates will influence its third quarter of 2025 financial results. This filing, which includes "Earnings Considerations" as Exhibit 99.1, serves as a preliminary indication of key performance drivers and potential impacts on the company's financial condition and operations for the period ending September 30, 2025. Investors should review the furnished "Earnings Considerations" for detailed insights into management's perspective on the quarter's performance, as this document is incorporated by reference.

Occidental Petroleum Corporation (OXY) announced a significant leadership change, promoting Richard A. Jackson to Chief Operating Officer, effective October 1, 2025. This move reflects Mr. Jackson's extensive 25+ year career in the oil and gas sector, with over two decades at Occidental in various leadership roles, most recently as President of Operations for U.S. Onshore Resources and Carbon Management. His promotion is accompanied by a notable increase in his compensation package, including a base salary of $925,000 and an annual incentive target of $925,000, alongside a $1.5 million restricted stock unit grant vesting over three years. This appointment underscores the company's strategy to leverage experienced internal talent for critical operational leadership roles, particularly in its onshore and carbon management segments.

Occidental Petroleum Corporation (OXY) announced a significant divestiture through an 8-K filing on October 3, 2025. The company's wholly-owned indirect subsidiaries have entered into a definitive agreement to sell its entire chemical business, OxyChem, to Berkshire Hathaway Inc. for an all-cash consideration of $9.7 billion. This strategic move is expected to streamline Occidental's operations and provide substantial capital, subject to customary adjustments and closing conditions. The transaction is anticipated to close by March 30, 2026, with potential extensions under specific circumstances. This sale represents a major portfolio shift for Occidental, allowing it to focus on its core energy businesses and potentially deleverage its balance sheet. Investors should monitor the closing conditions, particularly regulatory approvals, and how Occidental plans to utilize the proceeds from this substantial cash infusion. The agreement includes standard representations, warranties, and indemnification clauses, with Berkshire Hathaway acquiring the equity interests of Occidental Chemical Corporation.

Occidental Petroleum Corporation (OXY) has announced a significant strategic divestiture, entering into a definitive agreement with Berkshire Hathaway Inc. to sell its entire chemical business, Occidental Chemical Corporation (OxyChem), for $9.7 billion in an all-cash transaction. This sale is expected to be a major catalyst for Occidental, allowing it to streamline its operations and focus on its core energy assets. The substantial cash inflow from this transaction will likely be utilized to strengthen Occidental's balance sheet, reduce debt, and potentially enhance shareholder returns.

Occidental Petroleum Corporation (OXY) has filed an 8-K report on August 6, 2025, to announce its financial results for the second quarter ended June 30, 2025. The filing primarily consists of a press release (Exhibit 99.1) detailing the company's performance. Investors should refer to this press release for comprehensive information regarding OXY's operational and financial condition during the quarter. The information provided in this report is furnished and not deemed 'filed' for regulatory purposes under Section 18 of the Exchange Act, meaning it's not subject to the same liabilities as formally filed documents, though it can be incorporated by reference into future SEC filings if expressly stated. While the 8-K itself provides limited detail, the furnished press release is the key document for understanding OXY's Q2 2025 performance. Investors will be looking for key metrics such as revenue, net income, earnings per share (EPS), cash flow from operations, and updates on production volumes and cost management. Any commentary on commodity prices, strategic initiatives, capital expenditures, and future outlook will also be critical for assessing the company's trajectory and investment potential.

Occidental Petroleum Corporation (OXY) reported its second-quarter 2025 financial results, showcasing a mixed performance. While net sales for the first six months of 2025 increased to $13.2 billion compared to $12.8 billion in the prior year, driven by higher oil volumes from the CrownRock acquisition and improved domestic natural gas and NGL prices, net income attributable to common stockholders saw a notable decline, falling to $1.05 billion from $1.71 billion in the first six months of 2024. This decrease is primarily attributed to lower commodity prices and increased interest expenses related to the CrownRock acquisition financing. The company continues to focus on its strategic priorities, including deleveraging its debt, which stood at $23.34 billion net long-term debt as of June 30, 2025. Significant debt repayments were made in the first half of the year, and further repayments occurred subsequent to the quarter end. Occidental also generated substantial operating cash flow of $5.1 billion year-to-date, supporting its operations and debt reduction efforts. The company's financial health appears stable, with ample liquidity and no outstanding borrowings on its revolving credit facility.

Occidental Petroleum Corporation (OXY) has filed a prospectus supplement on July 28, 2025, relating to its outstanding publicly traded warrants. This filing ensures that shares of common stock issuable upon the exercise of these warrants are properly registered under an existing shelf registration statement. As of July 21, 2025, there were approximately 31.99 million warrants still outstanding, representing a significant number of potential shares of common stock that could be issued. This action is primarily a procedural step to maintain the registration of securities underlying the warrants. Investors holding these warrants should note that OXY is fulfilling its regulatory obligations to allow for the future exercise and conversion into common stock. The filing includes a legal opinion on the validity of these shares, providing further assurance to warrant holders. No new financial performance data or operational updates are presented in this specific filing.

Occidental Petroleum Corporation (OXY) has filed a Current Report on Form 8-K to provide updated unaudited pro forma condensed combined financial statements for the year ended December 31, 2024. These statements reflect the impact of the previously completed acquisition of CrownRock, L.P. The filing follows earlier 8-K submissions that provided historical and pro forma information related to the CrownRock acquisition, which was consummated on August 1, 2024. Investors should note that the primary purpose of this filing is to present a pro forma view of the combined company's financial performance for the 2024 fiscal year, incorporating the financial results and balance sheet adjustments expected from the CrownRock acquisition. While this report doesn't introduce new operational events, it offers a forward-looking perspective on how the combined entity is projected to perform financially based on the acquisition.

Occidental Petroleum Corporation (OXY) has filed a Form 8-K on July 14, 2025, to provide investors with a summary of key factors management anticipates will influence the company's financial results for the second quarter of 2025. This filing does not present finalized financial results but rather forward-looking considerations from management's perspective.

Occidental Petroleum Corporation (OXY) has filed an 8-K report on May 7, 2025, primarily to furnish a press release detailing its financial results for the quarter ended March 31, 2025. While the report itself is brief, the furnished press release (Exhibit 99.1) is the key document for investors to understand the company's performance during the first quarter of 2025. Investors should review the press release for specific operational and financial metrics, including revenue, earnings per share, production volumes, and any forward-looking guidance provided by the company. The 8-K filing serves as the official notification and gateway to this important information, although it explicitly states that the information furnished is not considered 'filed' for certain regulatory purposes.

Occidental Petroleum Corporation (OXY) reported solid financial results for the first quarter of 2025, showcasing growth in net sales and income from continuing operations compared to the prior year period. Net sales increased to $6.8 billion from $6.0 billion in Q1 2024, driven by higher volumes and improved natural gas and NGL prices, partially offset by lower oil prices. Income from continuing operations rose to $945 million ($0.77 per diluted share) from $706 million ($0.56 per diluted share) in the prior year quarter. The company also successfully managed its debt, repaying significant maturities both during and subsequent to the quarter, utilizing proceeds from asset sales and warrant exercises. Operationally, the Oil and Gas segment saw increased earnings driven by higher domestic sales volumes, including contributions from the CrownRock acquisition. The Chemical segment's earnings experienced a decline due to lower product prices and increased costs, while the Midstream and Marketing segment continued to report losses, albeit reduced from the previous quarter. The company remains focused on its strategic priorities, including deleveraging, sustaining its dividend, and advancing low-carbon initiatives, supported by strong operating cash flows and available credit facilities.

Occidental Petroleum Corporation (OXY) filed an 8-K detailing the outcomes of its 2025 Annual Meeting of Shareholders held on May 2, 2025. The report indicates strong shareholder support across all proposals presented. Notably, all ten director nominees were re-elected with overwhelming majority votes, reflecting shareholder confidence in the current board's leadership and strategy. Furthermore, shareholders overwhelmingly approved the executive compensation plan and ratified the appointment of KPMG as the independent auditor for the upcoming fiscal year. A significant proposal to approve the Amended and Restated 2015 Long-Term Incentive Plan also received substantial backing. These results suggest a unified shareholder base that is aligned with the company's governance and operational direction.

Occidental Petroleum Corporation (OXY) has filed a Form 8-K on April 9, 2025, to provide investors with a summary of factors management anticipates will influence the company's financial results for the first quarter of 2025. This "Earnings Considerations" document, furnished as Exhibit 99.1, is intended to offer forward-looking insights into the operational and financial landscape that will shape the upcoming quarterly performance. Investors should note that this information is furnished and not deemed "filed" for specific regulatory purposes, meaning it won't automatically be incorporated into other SEC filings unless explicitly referenced. The furnished exhibit is the primary source for understanding OXY's Q1 2025 outlook, offering management's perspective on key drivers. While specific financial figures are not detailed in this 8-K filing itself, the "Earnings Considerations" document is crucial for investors seeking to understand the potential impact of market dynamics, operational efficiencies, commodity price environments, and strategic initiatives on OXY's first-quarter performance. This proactive communication aims to help investors form expectations for the upcoming earnings release and assess the company's trajectory. Investors are encouraged to review Exhibit 99.1 directly for a comprehensive understanding of the factors management is highlighting.

Occidental Petroleum Corporation (OXY) has announced a temporary reduction in the exercise price of its publicly traded warrants. Effective March 3, 2025, holders can exercise their warrants to purchase common stock at $21.30 per share, down from the usual $22.00, under a specific "Offer to Exercise". This offer is part of a material definitive agreement and is set to expire on March 31, 2025, although OXY reserves the right to extend this deadline at its discretion.

Occidental Petroleum Corporation (OXY) has filed an 8-K report on February 18, 2025, to announce its financial results for the year ended December 31, 2024. The primary purpose of this filing is to furnish a press release detailing the company's performance. Investors should refer to the press release (Exhibit 99.1) for specific financial metrics, operational achievements, and strategic updates for the fiscal year 2024. This report itself does not contain detailed financial statements but serves as a notification mechanism for the release of this information. Investors and potential investors are advised to carefully review the furnished press release for comprehensive details regarding OXY's financial condition and results of operations, as this is the source of the disclosed information. The filing also includes the Cover Page Interactive Data File for enhanced data accessibility.

Occidental Petroleum Corporation's (OXY) 2024 Form 10-K highlights a year of strategic integration and operational focus. The company completed its significant acquisition of CrownRock, bolstering its Permian Basin assets, and continued to invest heavily in its core oil and gas operations, as well as its chemical and midstream segments. Financially, OXY reported a decrease in net income year-over-year, primarily driven by lower commodity prices and the impact of the CrownRock acquisition's associated debt and integration costs. The company's strategic priorities remain focused on delivering a sustainable and growing dividend, deleveraging its debt to below $15 billion, and advancing its low-carbon ventures, particularly in direct air capture (DAC) and carbon capture, utilization, and storage (CCUS) projects. The company's commitment to sustainability is evident in its ongoing efforts to reduce emissions intensity and its progress on the STRATOS DAC facility, with commissioning expected in mid-2025.

Occidental Petroleum Corporation (OXY) has filed a Form 8-K on January 10, 2025, to provide a summary of factors influencing its fourth quarter of 2024 financial results. While specific financial figures for Q4 2024 are not detailed in this 8-K, the filing indicates that management has identified key "Earnings Considerations" that will shape the company's performance during the period. Investors should refer to the furnished Exhibit 99.1 for a comprehensive understanding of these factors.

Occidental Petroleum Corporation (OXY) reported its third-quarter and year-to-date results for 2024, demonstrating resilience in a fluctuating market environment. While net sales for the nine months ended September 30, 2024, saw a decrease compared to the prior year, driven by lower commodity prices and sales volumes in certain segments, the company maintained profitability and generated significant operating cash flow. The recent completion of the substantial CrownRock acquisition in August 2024 is a key strategic development, expected to bolster the company's oil and gas portfolio in the Permian Basin and contribute to future production and cash flow. Despite increased interest expenses related to this acquisition, OXY managed its debt levels, actively repaying a portion of its borrowings. Financially, OXY's balance sheet shows an increase in total assets and total liabilities, reflecting the impact of the CrownRock acquisition. The company's liquidity remains robust, supported by substantial cash reserves and undrawn credit facilities. Strategic priorities continue to focus on maintaining production, delivering a sustainable dividend, enhancing asset base through investments, advancing low-carbon solutions, and prioritizing debt reduction until principal debt falls below $15 billion. Investors will note the company's ongoing efforts to navigate market volatility and integrate its strategic acquisitions while managing its financial obligations.

Occidental Petroleum Corporation (OXY) filed an 8-K on November 12, 2024, to report its financial results for the quarter ended September 30, 2024. The core of this filing is the press release attached as Exhibit 99.1, which provides details on the company's financial condition and operational performance. Investors should review this press release for the most up-to-date information regarding OXY's quarterly performance, key financial metrics, and operational highlights. While the 8-K itself is a procedural filing, the furnished press release is the key document for understanding OXY's financial narrative. Investors will be looking for information on revenue, earnings per share (EPS), production volumes, cash flow generation, and any commentary on strategic initiatives or market outlook. The filing also specifies that the information is furnished and not deemed "filed" for certain regulatory purposes, a standard disclosure for earnings releases included in 8-Ks.

Occidental Petroleum Corporation (OXY) announced amendments to its Amended and Restated By-laws, effective November 6, 2024. These changes are largely technical and align the company's governance documents with recent updates to Delaware General Corporation Law. Key revisions include modifications to provisions concerning remote communication for meetings, meeting adjournments, stockholder list access, and notice requirements for both the Board and stockholders. The amendments also update the procedural and disclosure requirements for stockholder-submitted nominations and business proposals, demanding more comprehensive information from stockholders and clarifying proxy solicitation representations. Further adjustments address the process for contested director elections, including the removal of an incumbent director's automatic resignation requirement following an uncontested election without majority support (this is now handled by Corporate Governance Policies). The By-laws also stipulate proxy card color requirements for soliciting stockholders and amend indemnification provisions to advance expenses and require Board authorization for certain director/officer-initiated proceedings. While the company will advance expenses, it is no longer mandatory to grant the same indemnification and expense advancement rights to all employees and agents as provided to directors and officers.

Occidental Petroleum Corporation (OXY) has filed an 8-K report to inform shareholders about an unsolicited "mini-tender offer" from TRC Capital Investment Corporation. TRC is attempting to purchase up to 2 million shares of OXY common stock at $51.51 per share. Occidental explicitly states it does not endorse this offer, has no affiliation with TRC, and strongly advises shareholders to reject it. The offer price of $51.51 is below the recent market price of OXY shares, specifically representing a discount to the closing price on October 14, 2024. The company highlights that mini-tender offers, which target less than 5% of outstanding shares, bypass many SEC protections afforded to larger tender offers. Occidental urges investors to compare TRC's offer price to current market quotations and to consult their financial advisors before taking any action.

Occidental Petroleum Corporation (OXY) has filed an 8-K on October 9, 2024, to provide investors with a summary of "Earnings Considerations" that management believes will impact the company's third quarter of 2024 results. This filing does not contain specific financial results but rather a forward-looking statement regarding factors influencing the upcoming earnings report. Investors should consult the furnished Exhibit 99.1 for detailed insights into these management-identified factors. This report is furnished and not deemed "filed" for regulatory purposes, meaning it does not automatically become part of other SEC filings unless specifically referenced.

Occidental Petroleum Corporation (OXY) has filed an 8-K report detailing a significant secondary offering of its common stock, not by the company itself, but by a selling stockholder, CrownRock Holdings, L.P. This offering involved approximately 29.6 million shares of OXY's common stock and closed on August 14, 2024. Crucially, Occidental Petroleum did not sell any shares in this offering and will not receive any proceeds from the transaction. The shares were sold by CrownRock Holdings, L.P. to a syndicate of underwriters led by J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, and RBC Capital Markets, LLC. This event is important for investors as it indicates a substantial block of OXY shares being moved into the public market by a major shareholder. While the company itself is not directly involved in raising capital through this sale, the increased supply of shares could have implications for trading dynamics. The underwriting agreement includes standard provisions such as representations, warranties, and indemnification obligations, typical for such transactions.

Occidental Petroleum Corporation (OXY) has filed an 8-K report on August 12, 2024, primarily to disclose financial information related to its acquisition of CrownRock. The filing includes the unaudited condensed consolidated financial statements of CrownRock for the six months ended June 30, 2024, and the accompanying notes. Additionally, it presents unaudited pro forma condensed combined financial statements that merge Occidental's historical financials with CrownRock's to reflect the impact of the acquisition. These financial statements are crucial for investors seeking to understand the financial position and performance of the acquired entity and the combined company post-acquisition. The report also contains a standard cautionary statement regarding forward-looking statements. Investors should note that while this filing provides important financial data, it does not contain new operational updates or strategic announcements from Occidental itself, beyond the integration implications of the CrownRock acquisition. The forward-looking statements section outlines various risks and uncertainties that could impact Occidental's future performance, ranging from commodity price volatility and debt levels to operational risks and regulatory changes.

Occidental Petroleum Corporation (OXY) has filed an 8-K on August 7, 2024, primarily to furnish a press release detailing its financial results for the quarter ended June 30, 2024. While the filing itself does not contain detailed financial figures, it directs investors to the accompanying press release (Exhibit 99.1) for the specific operational and financial condition updates. This means key performance indicators, earnings per share, revenue figures, and any significant operational achievements or challenges for the second quarter of 2024 are available within that press release. Investors should consult Exhibit 99.1 for a comprehensive understanding of OXY's recent performance and financial standing. The information provided in this 8-K is furnished and not deemed "filed" for purposes of Section 18 of the Exchange Act, nor is it automatically incorporated into future SEC filings unless specifically referenced. This is a standard disclosure practice for earnings press releases furnished under Item 2.02. Therefore, investors looking for definitive financial data and strategic commentary should carefully review the attached press release for all relevant details regarding OXY's second-quarter 2024 performance.

Occidental Petroleum Corporation (OXY) reported solid financial results for the second quarter and first half of 2024. The company demonstrated resilient revenue generation, with net sales totaling $6.82 billion for the quarter, a slight increase year-over-year, and $12.79 billion for the six months. Profitability also showed strength, with net income attributable to common stockholders reaching $992 million for the quarter and $1.71 billion for the six months. These results were supported by improved production volumes in the Oil and Gas segment, particularly in the Gulf of Mexico, and favorable pricing in certain chemical products. A significant development for the company is the successful closure of the CrownRock Acquisition on August 1, 2024, for approximately $11.1 billion in total purchase price (as of the filing date's preliminary allocation). This acquisition is expected to enhance OXY's Permian Basin portfolio and contribute immediately to cash flow. In anticipation of this, the company has been actively managing its balance sheet, issuing new debt and planning significant asset divestitures to reduce leverage post-acquisition. Occidental remains focused on its strategic priorities of maximizing cash flow, delivering a sustainable dividend, and investing in growth opportunities while advancing its low-carbon ventures.

Occidental Petroleum Corporation (OXY) has announced the termination of its previously announced exchange offer and consent solicitation, as detailed in a press release dated August 2, 2024. This action marks a significant shift in the company's strategic activities, moving away from the proposed transaction. Investors should note that the termination suggests a re-evaluation of the company's strategic direction or the terms of the offer/solicitation were not met. Further details regarding the reasons for this termination are likely to be found within the press release itself, which is incorporated by reference into the filing.

Occidental Petroleum Corporation (OXY) has officially completed its acquisition of CrownRock for approximately $12.4 billion. The transaction was finalized on August 1, 2024, and involved a cash component of roughly $9.4 billion, the issuance of 29,560,619 shares of OXY common stock, and the assumption of $1.2 billion in CrownRock's existing debt. This marks a significant strategic move for Occidental, expanding its asset base and market presence. In conjunction with the acquisition, OXY entered into a Registration Rights Agreement with the sellers of CrownRock. This agreement mandates OXY to file a resale shelf registration statement on Form S-3 with the SEC within five business days, registering the shares of common stock issued as part of the acquisition. This aims to provide liquidity for the sellers and ensures these shares can be resold in the public market. The filing also includes a press release announcing the completion of the transaction.

Occidental Petroleum Corporation (OXY) has announced that Ecopetrol S.A. has decided not to proceed with its previously discussed potential acquisition of a 30% interest in the CrownRock assets. This decision, communicated on July 31, 2024, means Occidental will be acquiring the full undivided interest in the CrownRock assets as originally planned without Ecopetrol's participation. This development clarifies the ownership structure of the significant CrownRock acquisition for Occidental investors. While the terms of the original acquisition by Occidental remain unaffected, the absence of Ecopetrol's stake means Occidental will bear the full capital expenditure and retain 100% of the potential upside and operational control of the acquired assets. Investors will be closely watching Occidental's execution and integration of the CrownRock assets given this sole ownership.

Occidental Petroleum Corporation (OXY) announced on July 26, 2024, the successful completion of a $5 billion senior unsecured notes offering. The offering, structured into five tranches with varying maturity dates and coupon rates ranging from 5.000% to 6.050%, aims to raise capital to fund the cash consideration for the recently announced CrownRock Acquisition, refinance existing debt, and cover associated fees. The net proceeds from the offering are approximately $4.945 billion. This significant debt issuance underscores OXY's strategy to finance major acquisitions through capital markets. Investors should note the diverse debt maturities, offering flexibility in managing future financial obligations. The proceeds are earmarked for strategic growth initiatives, particularly the integration of CrownRock, which is expected to be a key driver of future performance.

Occidental Petroleum Corporation (OXY) has filed an 8-K detailing significant progress on its previously announced acquisition of CrownRock. The Hart-Scott-Rodino (HSR) Act waiting period has expired, removing a key antitrust hurdle and satisfying a condition for closing. Occidental now expects the acquisition to close in August 2024, following a financing period. Furthermore, OXY has made substantial progress with Ecopetrol regarding a potential joint venture for the CrownRock assets. Ecopetrol has indicated its intent to acquire a 30% interest for approximately $3.6 billion. While this transaction is not yet definitive, OXY anticipates using any proceeds from this potential deal to pay down its term loans. The filing also provides access to audited and unaudited financial statements for CrownRock, as well as pro forma combined financial statements.

Occidental Petroleum Corporation (OXY) has announced a private exchange offer and consent solicitation related to its previously disclosed acquisition of CrownRock, L.P. The company is offering to eligible holders of CrownRock's 5.000% Senior Notes due 2029 the opportunity to exchange their notes for up to $376,084,000 in aggregate principal amount of new Occidental notes and cash. Concurrently, OXY is seeking consent to amend the CrownRock Notes' indenture, aiming to remove substantially all restrictive covenants and certain events of default, among other provisions. This move is contingent upon the successful closing of the CrownRock acquisition. The primary objective of this exchange offer and consent solicitation is to streamline the capital structure and reduce financial covenants associated with the acquired CrownRock debt following the acquisition's completion. By removing restrictive covenants, OXY aims to gain greater financial flexibility for the combined entity. Investors should monitor the success of this offer and its implications for the overall debt profile and operational flexibility of Occidental Petroleum.

Occidental Petroleum Corporation (OXY) has filed an 8-K on July 10, 2024, to provide investors with a summary of factors management believes will impact the company's second quarter of 2024 financial results. This filing, titled 'Earnings Considerations,' is furnished as an exhibit and offers a pre-release look at key operational and financial drivers for the upcoming earnings report. Investors should note that this information is furnished and not deemed 'filed' under Section 18 of the Exchange Act, meaning it doesn't automatically become part of other SEC filings unless explicitly incorporated.

Occidental Petroleum Corporation (OXY) filed an 8-K on May 7, 2024, to report its financial results for the quarter ended March 31, 2024. The primary purpose of this filing is to incorporate by reference the press release announcing these results, which provides investors with an update on the company's operational and financial performance during the first quarter of 2024. While the 8-K itself does not contain detailed financial data, it directs investors to the furnished press release (Exhibit 99.1) for the specifics. Investors should review this press release for key metrics such as revenue, earnings per share, production volumes, and any management commentary regarding the company's outlook, strategic initiatives, and the broader energy market conditions impacting OXY's business.

Occidental Petroleum Corporation (OXY) reported its first-quarter 2024 financial results, showing a decrease in net sales and net income compared to the prior year, largely driven by lower commodity prices and reduced production volumes, particularly in the oil and gas segment. While revenue declined, the company generated positive operating cash flow, demonstrating continued operational strength. The company's strategic priorities for 2024 include maintaining its production base, delivering a sustainable dividend, enhancing its asset base with new investments, advancing low-carbon initiatives, reducing leverage, and completing the significant CrownRock acquisition. The CrownRock acquisition, a key focus for the company, is progressing with regulatory reviews underway, and Occidental has secured committed financing for the transaction. Management expects the acquisition to be immediately cash flow accretive upon closing.

Occidental Petroleum Corporation (OXY) held its 2024 Annual Meeting of Shareholders on May 2, 2024, and this 8-K filing reports the outcomes of key shareholder votes. The most significant outcome is the overwhelming approval of all ten director nominees, with each receiving well over 97% of the votes cast in favor. This indicates strong shareholder confidence in the current Board of Directors and their leadership. Furthermore, shareholders overwhelmingly supported the executive compensation plan, with nearly 97% voting in favor, and also ratified the appointment of KPMG as the independent auditor for fiscal year 2024 with a similar high level of approval. Conversely, a shareholder proposal requesting an annual report on lobbying activities was decisively rejected, failing to garner even 15% of the shareholder votes.

Occidental Petroleum Corporation (OXY) has filed a Current Report on Form 8-K on April 10, 2024, primarily to furnish "Earnings Considerations" that management believes will impact their first quarter 2024 results. This document, provided as Exhibit 99.1, is crucial for investors seeking forward-looking insights into the company's performance drivers ahead of the official earnings release. While the full details are within the furnished exhibit, this filing signals OXY's proactive approach to informing stakeholders about key factors influencing their upcoming financial performance.

Occidental Petroleum Corporation (OXY) filed its 10-K for the fiscal year ended December 31, 2023, detailing its performance across its oil and gas, chemical, and midstream and marketing segments. The company generated significant revenue, but experienced lower commodity prices compared to the prior year, impacting profitability. A major strategic initiative highlighted is the pending acquisition of CrownRock L.P., valued at $12.0 billion, which is expected to enhance Occidental's Permian Basin operations and provide immediate cash flow accretion. Occidental is also actively pursuing its low-carbon ventures, notably with the acquisition of Carbon Engineering and progress on its Direct Air Capture (DAC) facility, STRATOS. Financially, Occidental focused on debt reduction and shareholder returns, including a dividend increase and share repurchases. The company's financial health is supported by its investment-grade credit rating, although it continues to manage risks associated with commodity price volatility, regulatory changes, and operational execution. The report emphasizes a commitment to operational excellence, capital efficiency, and sustainability, with ambitious net-zero emissions goals.