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Alternet (Free subscription) | yesterday
This time it's not Chevron in Ecuador but Occidental Petroleum in Peru. And the local community has had enough of giveaways to corporate polluters.
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LA Biz Observed (Free subscription) | 06/03/2010
The CEO of L.A.-based Occidental Petroleum received $31.4 million in compensation last year.
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The Wall Street Journal (Free subscription) | 06/03/2010
Occidental Petroleum chairman and CEO Ray Irani received $31.4 million in total compensation in 2009, a 39.4% increase over the previous year.
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PR News Wire (Free subscription) | 03/03/2010
LOS ANGELES, March 3 /PRNewswire/ -- A key hearing was held this morning in the Ninth Circuit Court of Appeals in the landmark environmental and public health case brought by indigenous Peruvian Achuar and the U.S. NGO Amazon Watch against Los Angeles-based oil giant Occidental Petroleum (OXY). The
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SeekingAlpha Energy Stocks (Free subscription) | 02/03/2010
Kurt Wulff ( McDep Associates ) submits: Buy-recommended Occidental Petroleum ( OXY ) offers unlevered appreciation potential of 23% to a McDep Ratio of 1.0 where stock price would equal Net Present Value (NPV) of $95 a share. Fourth quarter results released today disclosed unlevered cash flow (Ebitda) meeting our expectations of three months ago, helped by growth in oil and gas volume of 5% compared...
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MarketIntelligenceCenter.com (Free subscription) | 01/03/2010
Occidental Petroleum (OXY) was upgraded today by analysts at and the stock is now at $80.88, up $1.03 (1.29%) on volume of 1,808,035 shares traded. OXY is moving higher today after the stock was upgraded by Market Edge to Buy from Sell. Over the last 52 weeks the stock has ranged from a low of $48.24 last March to a high of $85.20 in November. Occidental Petroleum stock has been showi...
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Connecting the Dots in the New World Order (Free subscription) | 24/02/2010
In his prepared remarks, Lewis touched on a matter that has attracted our interest in the past—Vice President Al Gore’s Communist connection. But Lewis didn’t put it that way. Instead, he referred to Al Gore and the “controversial” Armand Hammer, the late chairman of Occidental Petroleum. In fact, Hammer was a Soviet agent and money launderer for the Communist Party who...
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PR News Wire (Free subscription) | 23/02/2010
CHICAGO, Feb. 23 /PRNewswire/ -- Seven Summits Research issues PriceWatch Alerts for OXY, FDX, CMC, WDC, and ITUB. Seven Summits Strategic Investments' PriceWatch Alerts are available at http://www.iotogo.com/s/022310C (Note: You may have to copy this link into your browser then press the [ENTER] ke
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MATTER MAGAZINE (Free subscription) | 17/02/2010
by Susan Kraemer The Federal Energy Regulatory Commission is close to approving the Tres Amigas high-voltage interconnection hub project in Clovis, New Mexico, designed to be the first step in a renewable energy transmission superhighway. But five groups are filing against the project. The largest, Occidental Petroleum, is asking FERC to dump the project. Occidental Petroleum's main argument is that...
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Cafe Hayek (Free subscription) | 17/02/2010
Rossputin’s Ross Kaminsky e-mailed to me a few links that offer yet further evidence that “peak oil” is peak nonsense. For example: BP’s reserve replacement ratio for the year was 129 per cent – making 2009 the seventeenth consecutive year of reserve replacement of at least 100 per cent. And this: Occidental Petroleum Corporation (NYSE: OXY) announced today [...]
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MarketIntelligenceCenter.com (Free subscription) | 17/02/2010
Occidental Petroleum (NYSE: OXY) closed yesterday at $81.18. So far the stock has hit a 52-week low of $47.50 and 52-week high of $85.20. Occidental Petroleum stock has been showing support around 79.26 and resistance in the 82.42 range. Technical indicators for the stock are Bullish and S&P gives OXY a neutral 3 STAR (out of 5) hold rating. OXY appears on the Investors Observer Momentum Plays...
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Bakersfield.com (Free subscription) | 17/02/2010
Five oil field workers were injured Monday night, some of them seriously, when an Occidental Petroleum Corp. well east of McKittrick violently released high pressure gases, authorities said. There was no word Tuesday on the condition of the workers or what caused what the company said was the release of trapped gases.
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The Business Insider (Free subscription) | 16/02/2010
Andrew Hall has launched a new fund, Astenbeck Capital Management, according to this morning's Financial Times. We learned that Hall's Phibro was raising money from investors recently, but we didn't know that Hall had plans to actually open a fund separately from Phibro. Astenbeck Capital, the new group fund, is named for a town nearby Hall's castle in Germany. The article says that half of Astenbeck's...
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SeekingAlpha.com (Free subscription) | 16/02/2010
FINalternatives submits: Former Citigroup ( C ) star energy trader Andrew Hall and his new partners are going into the hedge fund business. Hall and Occidental Petroleum ( OXY ), which bought the lucrative Phibro oil-and-gas trading unit last year, have set up Astenbeck Capital Management. The new firm will manage outside money—it already boasts $1.4 billion in assets under management—while...
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DealBook (Free subscription) | 16/02/2010
FormerCitigroup trader Andrew Hall, who The New York Times once dubbed the bank's "$100 million man", has hung his own hedge fund shingle, according to The Financial Times, while remaining chief of energy trading at Occidental Petroleum.
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staffjam | 08/12/2009
As multinational military forces have left Iraq, international petroleum companies have eagerly descended -- seduced by the long-term potential of vast oil reserves off-limits to foreigners for decades. Yet lingering violence, legal questions and political uncertainty make doing business in this country a gamble. In the first international oil auction held last June, widely seen as a failure, the Iraqi...