Past year: ▲ 41%(41.12 – 65.00 USD)
Each one in plain English, with the numbers worked through for a shareholder.
9 Mar 2026security holder rights change▲ Good
Occidental announced early results of its cash tender offers for five series of notes and debentures, raising the cap from $700 million to $1.2 billion. Offers were fully subscribed at the early deadline, with the 6.625% 2030 notes prorated at 28.7%, and an indenture amendment for the 6.125% 2031 notes took effect.
2 Jan 2026asset acquisition disposition▲ GoodMajor
Occidental completed the $9.7 billion sale of OxyChem to Berkshire Hathaway.
3 Oct 2025material agreement▲ GoodMajor
Occidental agreed to sell its OxyChem chemicals business to Berkshire Hathaway for $9.7 billion in cash, a major divestiture likely aimed at cutting the debt built up from the CrownRock acquisition.
3 Mar 2025security holder rights change● Neutral
Occidental temporarily cut the exercise price on its 2020 shareholder warrants from $22 to $21.30 to encourage holders to exercise them for cash.
1 Aug 2024asset acquisition disposition● NeutralMajor
Occidental completed its roughly $12 billion acquisition of CrownRock, adding the private Permian Basin producer's full operations and giving CrownRock's former owners registration rights to resell the Occidental stock they received as consideration.
5 Feb 2024debt financing● Neutral
Occidental entered a Third Amended and Restated Credit Agreement with JPMorgan Chase as agent on February 2, 2024. It extended the revolving credit facility's maturity from June 30, 2025 to June 30, 2028.
28 Dec 2023debt financing● NeutralMajor
Occidental lined up a $4.7 billion term loan to help fund its pending acquisition of Permian Basin producer CrownRock and refinance CrownRock's existing debt.
12 Dec 2023capital raising announcement● NeutralMajor
On December 10, 2023 Occidental agreed to buy CrownRock, L.P. for about $12.0 billion: $9.1 billion in cash, 29,560,619 new Occidental common shares, and assumption of about $1.2 billion of CrownRock debt. It expects to fund the cash with debt, backed by a committed bank bridge loan of up to $10.0 billion from BofA (364-day). The deal still needs antitrust (HSR) clearance and other closing conditions; the new shares add some dilution.
13 Dec 2021debt financing▲ Good
On December 10, 2021, Occidental entered into a Second Amended and Restated Credit Agreement that cut its revolving credit facility commitments from $5.0 billion to $4.0 billion and extended maturity from January 31, 2023 to June 30, 2025.
8 Sept 2021production update▼ BadMajor
Hurricane Ida forced Occidental to shut in several Gulf of Mexico platforms and relocate onshore support operations after shore-base damage; three of ten platforms had restarted within days, but full recovery depended on third-party infrastructure Occidental could not control.
15 July 2021security holder rights change▲ Good
Occidental announced early results of tender offers retiring a broad slate of its 2022-2026 notes, continuing to pay down the debt taken on for the Anadarko deal.
22 Dec 2020security holder rights change▲ Good
Occidental raised another $2 billion in senior notes, this time at 5.5%-6.125% -- notably cheaper than July's distressed pricing -- again to fund a tender offer retiring older debt.
21 Sept 2020dividend declaration● Neutral
Occidental's board declared the required quarterly dividend on the preferred stock issued to Berkshire Hathaway (accruing at $2,000 per share), while directing remaining bond proceeds toward debt maturing in 2021.
28 July 2020listing compliance notice▲ GoodMajor
the exchange certified OCCIDENTAL PETROLEUM CORP /DE/'s securities for listing, clearing them to begin trading.
27 July 2020material agreement● NeutralMajor
As its stock traded near historic lows, Occidental distributed warrants to all common shareholders -- one warrant per 8 shares held, exercisable at $22 -- giving them extra upside if the stock recovers.
15 July 2020capital raising announcement▼ Bad
On July 15, 2020 Occidental again paid the quarterly Series A preferred dividend in common stock, issuing 11,606,992 new shares to holders of record on June 30, 2020. This continues the April practice and adds further dilution to common shareholders; the filing states no reason for paying in stock.
13 July 2020security holder rights change▼ BadMajor
With its stock hit hard by the COVID-era oil crash and its Anadarko-related debt load, Occidental sold $2 billion of new notes at distressed rates of 8%-8.875% to fund a tender offer buying back other outstanding bonds.
21 May 2020material agreement▼ BadMajor
The Total asset-sale plan partly unraveled: Occidental completed the Mozambique and South Africa sales, but after pushback from Algerian officials it decided to keep operating in Algeria, and Total then walked away from the related Ghana purchase too. Occidental will now market the Ghana assets separately.
15 Apr 2020capital raising announcement▼ BadMajor
On April 15, 2020 Occidental paid the quarterly dividend on the Series A preferred (the Berkshire Hathaway investment from the Anadarko deal) in common stock instead of cash, issuing 17,274,130 new common shares. This adds to the common share count and dilutes existing holders; the filing states no reason for paying in stock.
25 Mar 2020listing compliance notice▲ GoodMajor
the exchange certified OCCIDENTAL PETROLEUM CORP /DE/'s securities for listing, clearing them to begin trading.
19 Sept 2019debt financing● Neutral
Occidental completed the exchange offers, swapping the assumed Anadarko and Kerr-McGee legacy notes for its own paper and fully folding that debt onto its balance sheet.
30 Aug 2019security holder rights change● Neutral
Occidental signed supplemental indentures adding itself as obligor on 23 series of legacy Anadarko, Anadarko Finance and Kerr-McGee bonds, as it began exchanging that debt for its own notes.
13 Aug 2019debt financing● NeutralMajor
Occidental filed Amendment No. 1 to its S-4 for offers to exchange 23 series of Anadarko-related notes for matching Oxy notes plus $1.00 cash. Holders tendering by the 5:00 p.m. early date get $1,000 of Oxy notes; later tenders get $970, until the 12:01 a.m. expiration.
8 Aug 2019business combination● NeutralMajor
Occidental completed its acquisition of Anadarko Petroleum for about $36 billion in cash and stock plus assumed debt, funded partly by an $8.8 billion term loan; Anadarko is now a wholly owned Occidental subsidiary.
8 Aug 2019debt financing● NeutralMajor
Occidental sold ten series of senior unsecured notes totaling $13 billion, both floating and fixed rate, with maturities from 2021 to 2049. Net proceeds of about $12.9 billion went to finance part of the Anadarko merger and related costs.
5 Aug 2019material agreement▲ GoodMajor
Occidental and Total S.A. signed a definitive $8.8 billion agreement for Total to buy Anadarko's Algeria, Ghana, Mozambique and South Africa assets once the Anadarko merger closes, superseding their earlier May 2019 memorandum.
1 Aug 2019business combination● Neutral
Ahead of the merger vote, Occidental filed updated Anadarko and pro forma combined financials, and reiterated the planned sale of Anadarko's Algeria, Ghana, Mozambique and South Africa assets to Total.
1 Aug 2019debt financing● NeutralMajor
Occidental offered to exchange its own notes for 23 series of Anadarko, Anadarko HoldCo, Anadarko Finance and Kerr-McGee bonds maturing from 2021 to 2096. Holders tendering by the early date get $1,000 of Oxy notes plus $1.00 cash per $1,000, including a $30 early premium, and later tenders get $970 of notes plus $1.00.
1 Aug 2019listing compliance notice● NeutralMajor
OCCIDENTAL PETROLEUM CORP /DE/'s exchange filed to remove a class of its securities from listing.
3 July 2019business combination▼ BadMajor
The amendment added a litigation section the original did not have: two Anadarko stockholders had demanded inspection of Anadarko's books and records under Delaware law in May, and on 30 May Carl Icahn's High River, Icahn Partners Master Fund and Icahn Partners -- Occidental stockholders, not Anadarko's -- filed in the Delaware Court of Chancery for inspection of Occidental's records. Occidental answered on 14 June. These are books-and-records actions rather than challenges to the merger itself, but they mark the point at which Occidental's own shareholders started contesting the deal.
