International Business News - OXY http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Energy stocks plunged Friday as crude and natural gas prices dropped to levels not seen in more than a year. The sector has fallen alongside a broader sell-off on Wall Street, with the Dow Jones industrials dropping nearly 700 points at one point Friday, or about 8 percent. http://www.ibtimes.com/articles/20081010/energy-stocks-whacked-by-diving-crude-gas-prices.htm Fri, 10 Oct 2008 16:06:54 EDT Occidental Petroleum Corp. said Wednesday it will invest $500 million to develop two oil and gas fields in the Middle East country of Abu Dhabi. The company will pay Abu Dhabi National Oil Co. for the rights to appraise and develop the Jarn Yaphour and Rahman oil and gas fields. It will operate the fields and hold 100 percent of the output. http://www.ibtimes.com/articles/20081008/occidental-to-invest-500m-in-abu-dhabi-oil-fields.htm Wed, 08 Oct 2008 10:21:46 EDT Occidental Petroleum Corp. said Thursday it will buy out Plains Exploration & Production Co.'s stakes in two jointly operated Midwest oil and gas fields for $1.25 billion. http://www.ibtimes.com/articles/20080925/occidental-to-buy-western-oil-fields-for-1-25b.htm Thu, 25 Sep 2008 17:07:36 EDT _ Occidental Petroleum Corp. spent $715,978 in the second quarter to lobby on trade agreements and other issues, according to a recent disclosure report. http://www.ibtimes.com/articles/20080924/occidental-petroleum-spent-715-978-lobbying-in-2q.htm Wed, 24 Sep 2008 12:25:35 EDT Financial markets extended their declines Tuesday as investors worried that lawmakers were beginning to doubt the necessity of a broad government bailout for financial institutions as a way to revive ailing credit markets. http://www.ibtimes.com/data/articleimgs/136642-wall-street.jpg http://www.ibtimes.com/articles/20080923/stock-futures-mixed-ahead-of-hearing-on-bailout.htm http://www.ibtimes.com/articles/20080923/stock-futures-mixed-ahead-of-hearing-on-bailout.htm Tue, 23 Sep 2008 18:40:46 EDT Lehman Brothers Holdings Inc. will be replaced by Harris Corp. in the benchmark S&P 500 Index after the close of trading Tuesday, Standard & Poor's said on Monday. http://www.ibtimes.com/articles/20080915/harris-to-replace-lehman-brothers-in-s-p-500.htm Mon, 15 Sep 2008 17:37:16 EDT Shares of oil and gas companies dropped Monday as crude prices slid and after Hurricane Ike shuttered much of the nation's refinery network. Ike slammed into Galveston, Texas, early Saturday with sustained winds of about 110 mph, tearing through homes, streets and public infrastructures. http://www.ibtimes.com/articles/20080915/sector-snap-oil-and-gas-stocks-dive.htm Mon, 15 Sep 2008 13:02:10 EDT Shares of oil and natural gas companies fell Tuesday as commodity prices slid after Hurricane Gustav failed to deliver an expected harsh blow to the U.S. energy infrastructure. http://www.ibtimes.com/articles/20080902/sector-snap-oil-shares-fall-as-gustav-fades.htm Tue, 02 Sep 2008 13:58:45 EDT Oracle Corp. founder Larry Ellison, a longtime fixture on the list of the world's richest people, is now ensconced atop The Associated Press' rankings of the top-paid chief executives in the United States. http://www.ibtimes.com/data/articleimgs/113915-oracle-executive-compensation.jpg http://www.ibtimes.com/articles/20080822/oracles-ellison-grabs-top-spot-on-best-paid-list.htm http://www.ibtimes.com/articles/20080822/oracles-ellison-grabs-top-spot-on-best-paid-list.htm Fri, 22 Aug 2008 05:41:44 EDT Oracle Corp. founder Larry Ellison, a longtime fixture on the list of the world's richest people, is now ensconced atop The Associated Press' rankings of the top-paid chief executives in the United States. http://www.ibtimes.com/data/articleimgs/113615-oracle-executive-compensation.jpg http://www.ibtimes.com/articles/20080821/oracles-ellison-grabs-top-spot-on-best-paid-list.htm http://www.ibtimes.com/articles/20080821/oracles-ellison-grabs-top-spot-on-best-paid-list.htm Thu, 21 Aug 2008 21:38:32 EDT Among the stock activity stories for Friday, Aug. 15, from AP Financial News: SIOUX FALLS, S.D. (AP)--Shares of Chinese solar cell maker Suntech Power Holdings Co. Ltd. received a boost Friday on the heels of a separate 800-megawatt solar project announced for California. http://www.ibtimes.com/articles/20080815/movers-roundup-suntech-power-devry.htm Fri, 15 Aug 2008 14:38:31 EDT Shares of oil company Occidental Petroleum Corp. continued their slide Friday on the declining price of oil and the strengthening dollar. Occidental shares lost $1.71, or 2.2 percent, to $75.71 after falling 71 cents Thursday. The shares are off 24 percent from their 52-week high of $100.04 reached in May. http://www.ibtimes.com/articles/20080815/occidental-shares-fall-as-price-of-oil-drops.htm Fri, 15 Aug 2008 17:14:49 EDT Oil pipeline operator Plains All American Pipeline LP said Thursday that four owners of its general partnerships have finished selling a 10 percent interest to Occidental Petroleum Corp. http://www.ibtimes.com/articles/20080807/plains-all-american-owners-sell-10-percent-stake.htm Thu, 07 Aug 2008 17:59:11 EDT Shares of Occidental Petroleum Corp. climbed 6 percent Wednesday after oil prices surged more than $4 a barrel amid government reports that gasoline supplies fell, indicating U.S. fuel demand had not eased. http://www.ibtimes.com/articles/20080730/occidental-petroleum-shares-up-on-inventory-report.htm Wed, 30 Jul 2008 16:21:04 EDT Shares of oil and gas-related companies jumped Wednesday as crude prices rallied after the U.S. government said crude and gasoline inventories dropped last week. http://www.ibtimes.com/articles/20080730/sector-snap-oil-and-gas-shares-surge.htm Wed, 30 Jul 2008 16:00:52 EDT A powerful combination of record crude prices and increased production helped oil producer Occidental Petroleum Corp. post record earnings in the second quarter, up 62 percent from a year ago. http://www.ibtimes.com/articles/20080724/occidental-petroleum-2q-profit-sets-record.htm Thu, 24 Jul 2008 18:20:46 EDT Shares of oil and gas-related companies dropped Tuesday afternoon as crude and natural gas prices slid on the New York Mercantile Exchange. Light, sweet crude for August delivery fell $4.89 to $126.15, though earlier the contract dropped as low as $125.63. Prices had flirted with the $150 mark earlier this month. http://www.ibtimes.com/articles/20080722/sector-snap-oil-and-gas-shares-slide.htm Tue, 22 Jul 2008 14:27:02 EDT Oil refiner Holly Corp. said Tuesday that its refining subsidiary, Holly Refining & Marketing Co., reached an agreement to ship crude oil on the Centurion Pipeline. http://www.ibtimes.com/articles/20080722/holly-signs-deal-to-ship-oil-on-centurion-pipeline.htm Tue, 22 Jul 2008 10:49:11 EDT Occidental Petroleum Corp. said Friday that its board approved the repurchase of 20 million more shares of the company's common stock, bringing the total authorized shares to 95 million. http://www.ibtimes.com/articles/20080718/occidental-petroleum-boosts-buyback-authorization.htm Fri, 18 Jul 2008 08:03:19 EDT Shares of oil and gas companies fell Wednesday after the U.S. government reported a jump in crude and gasoline supplies, and prices fell on the New York Mercantile Exchange. http://www.ibtimes.com/articles/20080716/sector-wrap-oil-and-gas-shares-slide.htm Wed, 16 Jul 2008 15:50:05 EDT