Mnuchin Weighs Lending Program for Struggling Oil Companies [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
) -- Treasury Secretary Steven Mnuchin said he’s considering the creation of a government lending program for U.S. oil companies, which are looking for federal aid as they cope with a devastating plunge in prices.“One of the components we’re looking at is providing a lending facility for the industry,” Mnuchin said in a interview on Thursday. “We’re looking at a lot of different options, and we have not made any conclusions.”The program would be run out of the Federal Reserve, according to a person familiar with the matter. The administration is also considering taking financial stakes in exchange for some loans, and some firms might be asked to reduce production, the person said. President Donald Trump has not yet been presented with any options, the person added.The Treasury Department would need permission from Congress to loan funds directly from the $2.2 trillion coronavirus stimulus passed last month. Oil companies may already be able to access a loan program the Fed created f
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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