Occidental Petroleum Corporation Buyback
OLI recorded this information on 10/2/2014
Occidental Petroleum Corporation
Shares Announced Repurchased:
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, which explores for, develops and produces oil and condensate, natural gas liquids (NGL) and natural gas; chemical, which mainly manufactures and markets basic chemicals (chlorine, caustic soda, chlorinated organics, potassium chemicals, ethylene dichloride, chlorinated isocyanurates, sodium silicates and calcium chloride) and vinyls (vinyl chloride monomer, polyvinyl chloride and ethylene); and marketing and midstream, which purchases, markets, gathers, processes, transports and stores oil, condensate, NGL, natural gas, carbon dioxide and power.
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Hold (1.78 out of 4)
(ranked lower than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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