10 Mar 2020 Occidental Petroleum Corporation (NYSE:OXY) announced today that its Board of Directors approved a reduction in the company's quarterly 10 Mar 2020 The company said in a press release it is lowering its quarterly dividend payment to 11 cents per share from 79 cents. The new yield, effective in 10 Mar 2020 Occidental Petroleum slashed its quarterly dividend 86% to 11 cents a share from 79 cents and said it would reduce capital spending by about a Learn about OXY with our data and independent analysis including price, star rating, valuation, dividends, and financials. Start a 14-day free trial to Morningstar 10 Mar 2020 Houston — Occidental Petroleum cut its dividend for the first time in 30 years as the oil explorer and producer opts to conserve cash to cover
Occidental Petroleum Corp., laden with debt following its $38 billion purchase of rival Anadarko Petroleum Corp. last year, is slashing spending and dividends as it responds to a crash in oil prices. Occidental Petroleum Slashes its Dividend, Capital Spending to Combat Lower Crude Prices The oil giant's announcements come one day after a historic crash in the price of oil. Occidental Petroleum Corporation (OXY) recently announced that it would slash its quarterly dividend for the first time in 30 years by 86% to just 11 cents per share. The drastic move is designed to bolster liquidity – alongside capital expenditure reductions and other cost-cutting efforts –in what has become a difficult market for oil Occidental Petroleum is to cut its dividend by almost 90 per cent, in one of the most drastic reactions yet seen in the energy sector to the collapse in oil prices and equity valuations this week
10 Mar 2020 After a slide in oil prices and a tumble in its stock price, Occidental Petroleum cuts its dividend by 86% and says it will reduce capital spending. 10 Mar 2020 The Houston oil and gas producer on Tuesday cut its shareholder dividend to 11 cents from 79 cents and reduced its range of 2020 capital 6 days ago Will they follow the lead of Occidental Petroleum Corp. (NYSE: OXY), which cut its quarterly dividend by 86% earlier this week and shaved about 10 Mar 2020 Occidental Petroleum Corporation (NYSE:OXY) announced today that its Board of Directors approved a reduction in the company's quarterly 10 Mar 2020 The company said in a press release it is lowering its quarterly dividend payment to 11 cents per share from 79 cents. The new yield, effective in 10 Mar 2020 Occidental Petroleum slashed its quarterly dividend 86% to 11 cents a share from 79 cents and said it would reduce capital spending by about a
Warren Buffett says Berkshire Hathaway's $10 billion investment in Occidental Petroleum is a bet on oil prices over the long term. "It's also a bet on the fact that the Permian Basin is what it is OXY Dividends News Occidental Petroleum (OXY) Declares $0.78 Quarterly Dividend; 5.5% Yield Chevron (CVX) Says it Will Not Increase Offer to Acquire Anadarko (APC) Oil is still a highly sought-after resource, and one of Occidental Petroleum Corp.'s main business segments is the exploration and production of oil and natural gas. The company's oil and gas Occidental Petroleum Corporation Common Stock (OXY) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets.
Occidental Petroleum Corp., laden with debt following its $38 billion purchase of rival Anadarko Petroleum Corp. last year, is slashing spending and dividends as it responds to a crash in oil prices.