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Occidental Petroleum Corporation Buyback

OLI recorded this information on 10/2/2014

Company: Occidental Petroleum Corporation
Buyback: OXY buyback
Shares Announced Repurchased: 60000000
Buyback Details: The Board also authorized the repurchase of an additional 60 million shares of the company's common stock, leaving the program with 76 million shares, as of September 30, 2014. Share repurchases will continue to be funded from available cash from operations, excess cash on hand and proceeds from asset sales as part of the previously announced strategic review, including a dividend of approximately $6 billion from California Resources to Occidental. The program does not require purchases to be made within a particular timeframe.

Occidental Petroleum has three reporting segments: oil and gas, chemical and midstream and marketing. The oil and gas segment explores for, develops and produces oil (which includes condensate), natural gas liquids (NGL) and natural gas. The chemical segment primarily manufactures and markets basic chemicals and vinyls. The midstream and marketing segment purchases, markets, gathers, processes, transports and stores oil (which includes condensate), NGL, natural gas, carbon dioxide and power. The midstream and marketing segment also includes Co.'s low carbon ventures businesses, which primarily focus on developing carbon removal and carbon capture, utilization and storage projects.

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Company Name: 
Occidental Petroleum Corp
Stock buyback: 
OXY buyback
Website: 
www.oxy.com
Sector: 
Oil & Gas Exploration & Production
Number of ETFs Holding OXY: 
107
Total Market Value Held by ETFs: 
$7.48B
Total Market Capitalization: 
$57.20B
% of Market Cap. Held by ETFs: 
13.07%
 

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Buy (2.62 out of 4)
2nd percentile
(ranked lower than approx. 98% of all stocks covered)

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