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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Occidental Petroleum Corporation | NYSE:OXY | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.4102 | 0.64% | 64.8602 | 65.38 | 64.12 | 64.77 | 2,963,873 | 18:33:16 |
From May 2019 to May 2024
By Josh Beckerman
Occidental Petroleum Corp. (OXY) has increased its stock-buyback authorization for the second time this year.
The oil and gas company said Thursday that it increased its repurchase authorization by 60 million shares to 76 million. Occidental shares were up 1% to $96.17 in recent late trading. The company also increased its buyback authorization in February.
Occidental also said its board approved the spinoff of California Resources Corp., a transaction expected to take place Nov. 30.
Occidental shareholders will receive 0.4 shares of California Resources for each Occidental share they own.
Occidental said in February that it would split its California operations into a separate, publicly traded company as part of an ongoing strategic review. Occidental said the California business had $1.5 billion in pretax income in 2013.
Also on Thursday, Occidental declared its regular quarterly dividend of 72 cents.
Write to Josh Beckerman at josh.beckerman@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Occidental Petroleum Chart |
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