Occidental Petroleum Starts Layoffs After Purchase of Anadarko [TheStreet.com]
Occidental Petroleum Corporation (OXY)
Last occidental petroleum corporation earnings: 2/27 04:13 pm
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Source: TheStreet.com
Occidental Petroleum ( OXY Get Report Shares were down slightly in premarket Thursday to $44.83. A company spokeswoman said that Occidental Petroleum significantly reduced staff through a voluntary program. "While these (voluntary) programs have been successful and contributed significantly to our goals, we have determined that additional staff reductions are necessary,” CEO Vicki Hollub said in an internal email to employees, according to the Houston Chronicle. “A reduction in force program, based on business necessity by job, is being initiated with individual communications and exit dates.” The combined company had about 16,000 workers at the time of the merger. Occidental bought Anadarko last year and has been cutting costs and selling assets to cover the acquisition. The company's stock lost value after it outbid CVX Occidental took on about $40 billion in debt to close the deal, including new loans and the assumption of Anadarko’s existing debt. Occidental on Jan. 6 unveiled a p
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OXY
News
- Occidental Petroleum (OXY) Stock Dips While Market Gains: Key Facts [Yahoo! Finance]Yahoo! Finance
- Occidental Stock Is Still Quite Undervalued [Seeking Alpha]Seeking Alpha
- Occidental Petroleum Co. (NYSE: OXY) had its price target raised by analysts at Susquehanna from $70.00 to $81.00. They now have a "positive" rating on the stock.MarketBeat
- With 52% ownership of the shares, Occidental Petroleum Corporation (NYSE:OXY) is heavily dominated by institutional owners [Yahoo! Finance]Yahoo! Finance
- Looking for Once-in-a-Generation Investment Opportunities? Here Are 3 Magnificent Stocks to Buy Right Now [Yahoo! Finance]Yahoo! Finance
OXY
Earnings
- 2/14/24 - In-Line
OXY
Sec Filings
- 4/17/24 - Form PX14A6G
- 4/10/24 - Form 8-K
- 3/21/24 - Form 4
- OXY's page on the SEC website