10 July 2020substantial holder notice● Neutral
The Vanguard Group reported a OCCIDENTAL PETROLEUM CORP /DE/ shareholding of 103,610,730 shares (11.51% of votes) in a periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
30 June 2020securities registration● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ filed the final prospectus for a registered offering.
29 June 2020securities registration● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ filed a free-writing prospectus - marketing material for an offering in progress.
25 June 2020securities registration● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ filed a prospectus supplement for an offering off its existing shelf.
12 June 2020director interest notice● Neutral
Peter J. Bennett became a OCCIDENTAL PETROLEUM CORP /DE/ Vice President and company insider (initial ownership filing).
12 June 2020director interest notice● Neutral
Burnis J. Hebert became a OCCIDENTAL PETROLEUM CORP /DE/ Vice President and company insider (initial ownership filing).
12 June 2020director interest notice● Neutral
Richard A. Jackson became a OCCIDENTAL PETROLEUM CORP /DE/ Vice President and company insider (initial ownership filing).
9 June 2020director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ Former Senior Vice President Oscar K Brown sold 63,905 shares.
3 June 2020director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ director Andrew Langham received 11,405 shares as part of the equity award.
3 June 2020director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ director Carlos M Gutierrez received 12,672 shares as part of the equity award.
3 June 2020director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ director William R Klesse acquired 11,405 shares and disposed of 2,510 in a set of related equity transactions.
3 June 2020director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ director Stephen I Chazen received 18,248 shares as part of the equity award.
3 June 2020director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ director Nick Graziano received 11,405 shares as part of the equity award.
3 June 2020director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ director Hernandez Margarita Palau received 11,405 shares as part of the equity award.
3 June 2020director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ director Andrew Gould received 12,672 shares as part of the equity award.
3 June 2020director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ director Avedick Baruyr Poladian received 13,940 shares as part of the equity award.
3 June 2020director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ director Bob Shearer received 12,672 shares as part of the equity award.
3 June 2020director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ director Jack B Moore acquired 15,207 shares and disposed of 3,346 in a set of related equity transactions.
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.
11 May 2020director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ Former Senior Vice President Oscar K Brown sold 30,000 shares at $14.85.
6 May 2020quarterly activities report▼ Bad
OCCIDENTAL PETROLEUM CORP /DE/ reported quarterly revenue of $6613.0 million and a net loss of $2232.0 million for the period ended 2020-03-31.
5 May 2020quarterly activities report▼ Bad
OCCIDENTAL PETROLEUM CORP /DE/ reported quarterly revenue of $6613.0 million and a net loss of $2232.0 million for the period ended 2020-03-31.
28 Apr 2020agm notice● Neutral
Occidental said in a proxy supplement that the NYSE ruled on April 23, 2020 that Proposal 6, raising authorized shares from 1.1 billion to 1.5 billion, is routine, so brokers may vote uninstructed shares on it. The May 29 meeting had not yet happened.
17 Apr 2020agm notice● Neutral
Occidental gave notice of its May 29, 2020 virtual annual meeting. Shareholders were asked to elect eleven directors and vote on pay, auditor, a Berkshire warrant share issuance, more authorized shares, charter changes and the Rights Agreement.
15 Apr 2020securities registration● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ filed a prospectus supplement covering resales by selling shareholders.
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.
13 Apr 2020director interest notice● Neutral
Robert L Peterson became a OCCIDENTAL PETROLEUM CORP /DE/ SVP & CFO and company insider (initial ownership filing).
3 Apr 2020agm notice● Neutral
Occidental appointed Robert Peterson, 49, as Senior Vice President and Chief Financial Officer on April 3, 2020. Cedric Burgher moved to another role in the company.
2 Apr 2020agm notice● Neutral
Occidental adopted an Executive Severance Plan on March 29, 2020, giving executives cash severance of 1.5 times (two times for the CEO) salary plus bonus if terminated without cause. It previously had no such arrangements.
30 Mar 2020director interest notice● Neutral
Stephen I Chazen became a OCCIDENTAL PETROLEUM CORP /DE/ director and company insider (initial ownership filing).