Items Tagged with 'chazen'

ARTICLES

Bakken, Piceance Assets Likely to Be Sold, Oxy CEO Says

Occidental Petroleum Corp. (Oxy), which soon will spin off its California assets into a new company, currently has more of a sales mindset, but if oil prices continue to decline it could quickly switch to a buying mode regarding U.S. domestic assets, particularly in the Permian Basin, CEO Stephen Chazen said Thursday on a 3Q2014 earnings conference call. Read More

Oxy Puts More Emphasis on Permian as California Splits Off

Reporting lower year-over-year 3Q2014 profits tied to lower oil prices and higher costs, Occidental Petroleum Corp. senior executives expressed bullishness Thursday... Read More

Oxy in 2013 Boosts Reserves, Permian and California

Ending last year at an all-time high for booked reserves at 3.5 billion bbl, Los Angeles-based Occidental Petroleum Corp. (Oxy) plans to continue to increase its oil production in the Permian Basin and California this year, boosting overall capital spending to $10.2 billion, compared to $8.8 billion in 2013, according to Oxy CEO Stephen Chazen. Read More