15 July 2019director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ director Bob Shearer received 3,718 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
12 July 2019securities registration● Neutral
Occidental filed the final proxy statement/prospectus for its Anadarko acquisition, under which Anadarko holders would receive $59.00 in cash plus 0.2934 of an Occidental share per share. Anadarko's stockholder vote was set for August 8, 2019.
12 July 2019director interest notice● Neutral
Bob Shearer became a OCCIDENTAL PETROLEUM CORP /DE/ director and company insider (initial ownership filing).
9 July 2019director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ Senior Vice President Kenneth Dillon had 950 shares withheld for taxes on vesting stock.
9 July 2019director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ VP and Principal Acct. Officer Jennifer M Kirk had 651 shares withheld for taxes on vesting stock.
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.
13 June 2019director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ director Avedick Baruyr Poladian bought 5,000 shares on the open market at $48.77.
13 June 2019director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ SVP & CFO Cedric W. Burgher bought 4,100 shares on the open market at $49.61.
12 June 2019director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ SVP - Business Support Glenn M. Vangolen bought 5,000 shares on the open market at $48.53.
12 June 2019director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ Senior Vice President Oscar K Brown bought 15,000 shares on the open market.
11 June 2019director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ director William R Klesse bought 10,000 shares on the open market at $48.22.
11 June 2019director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ director Eugene L. Batchelder bought 9,100 shares on the open market.
10 June 2019director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ SVP, GC & CCO Marcia E. Backus bought 10,000 shares on the open market at $48.09.
10 June 2019director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ President and CEO Vicki A. Hollub bought 37,460 shares on the open market at $48.15.
7 June 2019business combination● NeutralMajor
Occidental filed an S-4 registering shares for its Anadarko purchase: $59.00 in cash plus 0.2934 of an Occidental share per Anadarko share, with the stock portion's value floating with Occidental's share price. It also set out the bridge financing, Berkshire Hathaway's $10 billion investment and the planned sale of Anadarko's African assets to Total, and a $1 billion termination fee payable by Anadarko in certain cases.
3 June 2019director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ SVP & CFO Cedric W. Burgher had 5,565 shares withheld for taxes on vesting stock.
17 May 2019director interest notice● Neutral
Oscar K Brown became a OCCIDENTAL PETROLEUM CORP /DE/ Senior Vice President and company insider (initial ownership filing).
17 May 2019director interest notice● Neutral
Kenneth Dillon became a OCCIDENTAL PETROLEUM CORP /DE/ Senior Vice President and company insider (initial ownership filing).
14 May 2019director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ director Carlos M Gutierrez received 4,616 shares as part of the equity award.
14 May 2019director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ director Elisse B. Walter received 4,616 shares as part of the equity award.
14 May 2019director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ director Howard I Atkins had 1,658 shares withheld for taxes on vesting stock.
14 May 2019director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ director Eugene L. Batchelder received 6,185 shares as part of the equity award.
14 May 2019director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ director Margaret M Foran received 4,616 shares as part of the equity award.
14 May 2019director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ director Avedick Baruyr Poladian received 4,616 shares as part of the equity award.
10 May 2019agm notice● Neutral
At the May 10, 2019 annual meeting, shareholders elected all nine directors, approved executive pay (88.05% for) and ratified KPMG as auditor. They also passed a stockholder proposal to lower the ownership threshold for calling special meetings, with 59.84% in favor.
10 May 2019business combination● NeutralMajor
Occidental agreed on May 9, 2019 to buy Anadarko for $59.00 in cash plus 0.2934 of an Occidental share per Anadarko share, replacing Anadarko's terminated Chevron deal. Occidental planned to fund the cash with Berkshire Hathaway's $10 billion investment and other financing, backed by a committed bridge loan of up to $21.8 billion.
6 May 2019director interest notice● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ director Howard I Atkins had 476 shares withheld for taxes on vesting stock.
6 May 2019quarterly activities report● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ reported quarterly revenue of $4004.0 million and net income of $631.0 million for the period ended 2019-03-31.
6 May 2019quarterly activities report● Neutral
OCCIDENTAL PETROLEUM CORP /DE/ reported quarterly revenue of $4004.0 million and net income of $631.0 million for the period ended 2019-03-31.
3 May 2019capital raising announcement● NeutralMajor
Occidental agreed on April 30, 2019 to sell Berkshire Hathaway $10 billion of new Series A preferred stock plus a warrant for 80,000,000 common shares at $62.50 each. The deal is conditional on Occidental completing its acquisition of Anadarko, so it is the financing for that bid. The preferred pays 8% (9% if dividends go unpaid) and ranks ahead of common shareholders; the warrant carries potential dilution for existing common holders.