Occidental Dilutes Icahn to Pay Buffett as Debt Woes Mount [Yahoo! Finance News]
Occidental Petroleum Corporation (OXY)
Last occidental petroleum corporation earnings: 2/27 04:13 pm
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Source: Yahoo! Finance News
) -- Occidental Petroleum Corp. is paying a special dividend to Warren Buffett in shares rather than cash, diluting investors including activist billionaire Carl Icahn as the indebted shale explorer grapples with oil’s collapse.The Houston-based oil producer issued common shares worth about $257 million to honor a quarterly payout on Berkshire Hathaway Inc.’s preferred stock, according to a filing Wednesday. Occidental had been paying cash since Buffett invested $10 billion last year to help fund the company’s $37 billion takeover of Anadarko Petroleum Corp., demanding an 8% annual dividend.Chief Executive Officer Vicki Hollub survived a bitter 10-month campaign by Icahn to seize control of the company by granting him board seats and corporate governance changes. But as the Covid-19 pandemic destroys demand for crude and strips producers of cash, her most immediate challenge is to tackle the debt pile Occidental accrued last year to beat Chevron Corp. in the bidding war for Anadarko.W
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News
- Occidental Petroleum (OXY) Posts Strong Q3 Earnings, UBS Maintains Neutral Rating [Yahoo! Finance]Yahoo! Finance
- Occidental Petroleum (OXY): Assessing Valuation After Record Production, Lower Costs, and Dividend Hike Hopes [Yahoo! Finance]Yahoo! Finance
- Is Occidental Petroleum an Opportunity After Year-to-Date Slide and Energy Transition Headlines? [Yahoo! Finance]Yahoo! Finance
- Investors in Occidental Petroleum (NYSE:OXY) have seen impressive returns of 189% over the past five years [Yahoo! Finance]Yahoo! Finance
- Occidental Petroleum (NYSE:OXY) had its "outperform" rating reaffirmed by analysts at Raymond James Financial, Inc..MarketBeat
OXY
Earnings
- 11/10/25 - Beat
OXY
Sec Filings
- 11/10/25 - Form 10-Q
- 11/10/25 - Form 8-K
- 10/10/25 - Form 8-K
- OXY's page on the SEC website