OCCIDENTAL PETROLEUM CORPORATION (NYSE:OXY) Files An 8-K Results of Operations and Financial Condition
ME Staff 8-k
OCCIDENTAL PETROLEUM CORPORATION (NYSE:OXY) Files An 8-K Results of Operations and Financial ConditionItem 2.02 Results of Operations and Financial Condition.
On August2, 2017, Occidental Petroleum Corporation (the “Company”) issued a press release announcing the Company’s financial condition and results of operations for the quarter ended June30, 2017. A copy of the press release is furnished as Exhibit99.1 to this Current Report on Form8-K, and is incorporated herein by reference.
The information contained in this report and the exhibit hereto shall not be deemed to be “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and shall not be incorporated by reference into any filings made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.
Item 9.01Financial Statements and Exhibits.
(d) Exhibits.
ExhibitNo.
Description
99.1
Press Release dated August2, 2017.
OCCIDENTAL PETROLEUM CORP /DE/ ExhibitEX-99.1 2 a17-18133_1ex99d1.htm EX-99.1 Exhibit 99.1 Occidental Petroleum Announces 2nd Quarter 2017 Results and Progress Toward Cash Flow Breakeven at Low Oil Prices · Raised dividend for the 15th consecutive year · Increased cash balance to $2.2 billion with ample additional liquidity available · Permian Resources average daily production up 7 percent sequentially from previous quarter to 138,…To view the full exhibit click here About OCCIDENTAL PETROLEUM CORPORATION (NYSE:OXY) Occidental Petroleum Corporation is an oil and gas exploration and production company. The Company operates through three segments: oil and gas, chemical (OxyChem), and midstream and marketing. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas. The OxyChem segment manufactures and markets basic chemicals and vinyls. OxyChem owns and operates manufacturing plants at approximately 20 domestic sites in Alabama, Georgia, Illinois, Kansas, Louisiana, Michigan, New Jersey, New York, Ohio, Pennsylvania, Tennessee and Texas, and at two international sites in Canada and Chile. The midstream and marketing segment gathers, processes, transports, stores, purchases and markets oil, condensate, NGLs, natural gas, carbon dioxide (CO2) and power. It also trades around its assets, including transportation and storage capacity. Additionally, the midstream and marketing segment invests in entities that conduct similar activities.