Tag: Occidental petroleum
Occidental Petroleum awarded $1 billion from Republic of Ecuador by arbitrator
Occidental Petroleum’s Block 15 was expropriated by Ecuador in 2006 HOUSTON, Texas – Occidental Petroleum Corporation announced Tuesday that it has reached an understanding with the Republic of Ecuador for the payment of $1 billion after the country expropriated the company’s assets in 2006. The arbitration was awarded in Nov. by the International Centre for Settlement of Investment Disputes […]
Occidental Petroleum announces Q3 2015 financial results
Permian Basin represents over 50% of total oil/gas spending for Occidental Petroleum HOUSTON – Occidental Petroleum Corporation announced core income for the third quarter of 2015 of $24 million or $0.03 per diluted share. Reported income was a loss of $3.42 per diluted share for the quarter, including $2.6 billion after tax charges, which reflect the sharp decline […]
Connect
Connect with us on the following social media platforms.