Occidental

World’s First Large-Scale Direct Air Capture Plant to Use Siemens Energy Equipment

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Lunedì, Marzo 6, 2023
Other Energy, Utilities, Oil, Gas, Sustainability, Environment, Alternative Energy, Energy, Green Technology, Permian, Paris Agreement, Inflation Reduction Act of 2022, Carbon, DAC, Siemens Energy, Hydrocarbon, CO2, Policy, Multimedia, Direct air capture, Oxy, Organization, Paris, CERAWeek, Inflation, Natural gas, Renewable energy, Occidental

Siemens Energy compressors will be used at Occidental’s first large-scale Direct Air Capture (DAC) plant in Texas’ Permian Basin developed by 1PointFive, a subsidiary of Occidental.

Key Points: 
  • Siemens Energy compressors will be used at Occidental’s first large-scale Direct Air Capture (DAC) plant in Texas’ Permian Basin developed by 1PointFive, a subsidiary of Occidental.
  • The two compressor packages will enable the plant to capture up to 500,000 metric tons of CO2 per year when fully operational.
  • The announcement was made today by Siemens Energy President and CEO Christian Bruch and Occidental President and CEO Vicki Hollub at the 41st annual CERAWeek energy conference hosted in Houston, TX, USA.
  • Siemens Energy President and CEO Christian Bruch commented on the collaboration saying, “We are honored to be part of such an important project.

GPR Ventures completes purchase of two industrial buildings in Midland, TX

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Martedì, Marzo 7, 2023
Thoroughfare, Texas Tech University, Occidental, Pioneer, Big City Radio, SAN, Estate (law), Midland International Air and Space Port, Self storage, Network equipment provider

SAN FRANCISCO, March 7, 2023 /PRNewswire-PRWeb/ -- GPR Ventures continues to expand its property footprint in the state of Texas, with the purchase of two multi-tenant industrial complexes in Midland, Texas. Both properties – one at 5301 Cholla Road (65,000 sq. ft., 91% occupancy) and the other at 3107 Antelope Trail (27,500 sq. ft., 82% occupancy) – boast an already strong tenant base, with below market rental rates and highly desirable unit sizes for future tenants. Boasting a convenient central location with easy access to main thoroughfares and the Midland International Airport, these acquisitions bring the number of Texas investments for GPR Ventures to three.

Key Points: 
  • GPR Ventures continues to expand its footprint in Midland with the purchase of two multi-tenant industrial complexes.
  • SAN FRANCISCO, March 7, 2023 /PRNewswire-PRWeb/ -- GPR Ventures continues to expand its property footprint in the state of Texas, with the purchase of two multi-tenant industrial complexes in Midland, Texas.
  • CLICK TO TWEET: Real estate investment firm #GPRVentures continues Texas momentum; purchases two new industrial buildings in Midland, bringing total number of properties owned to three.
  • For more information on GPR Ventures and its complete portfolio, visit https://www.gprventures.com/ .

1PointFive Announces Plan to Develop a Carbon Capture and Sequestration Hub in Southeast Texas

Retrieved on: 
Giovedì, Marzo 2, 2023
Enterprise Products, Transport, Texas Gulf Coast, Gulf, CO2, Occidental, Carbon dioxide, Carbon, VI, Seaweed

HOUSTON, March 02, 2023 (GLOBE NEWSWIRE) -- 1PointFive , a carbon capture, utilization and sequestration company, announced it has leased, through an affiliate, more than 55,000 acres along the Texas Gulf Coast, to develop a carbon capture and sequestration hub with the capacity to hold approximately 1.2 billion metric tons of carbon dioxide (CO2).

Key Points: 
  • HOUSTON, March 02, 2023 (GLOBE NEWSWIRE) -- 1PointFive , a carbon capture, utilization and sequestration company, announced it has leased, through an affiliate, more than 55,000 acres along the Texas Gulf Coast, to develop a carbon capture and sequestration hub with the capacity to hold approximately 1.2 billion metric tons of carbon dioxide (CO2).
  • 1PointFive leverages the carbon management experience of its parent company Occidental.
  • “We are progressing our plans to build sequestration hubs that will provide a solution for carbon intensive industries to help reduce their emissions,” said Jeff Alvarez, President, 1PointFive Sequestration.
  • Rather than starting from scratch with individual capture and sequestration projects, companies can plug into this hub for access to shared carbon infrastructure.”

Occidental Increases Dividend

Retrieved on: 
Lunedì, Febbraio 27, 2023
NYSE, Holding company, Occidental

HOUSTON, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) announced today that its Board of Directors has declared a regular quarterly dividend of $0.18 per share on common stock, payable on April 17, 2023, to stockholders of record as of the close of business on March 10, 2023.

Key Points: 
  • HOUSTON, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) announced today that its Board of Directors has declared a regular quarterly dividend of $0.18 per share on common stock, payable on April 17, 2023, to stockholders of record as of the close of business on March 10, 2023.
  • On an annual basis, the dividend is $0.72 per share at the new rate, compared to the previous annual rate of $0.52 per share.

Occidental Announces Fourth Quarter 2022 Results

Retrieved on: 
Lunedì, Febbraio 27, 2023
NYSE, Webcast, Cryptocurrency, Occidental

HOUSTON, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE:OXY) today announced its fourth quarter 2022 financial results.

Key Points: 
  • HOUSTON, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE:OXY) today announced its fourth quarter 2022 financial results.
  • The earnings release and accompanying financial schedules can be accessed via the Investor Relations section of the company’s website, oxy.com .
  • The company will hold a conference call to discuss the results on Tuesday, February 28, 2023, at 1 p.m. Eastern/12 p.m. Central.
  • A recording of the webcast will be posted on the Investor Relations section of the company’s website.

Ken Robinson Elected to Occidental Board of Directors

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Mercoledì, Febbraio 22, 2023
Paylocity, University, Oxy, Procter & Gamble, Accounting, Chief audit executive, Senior, Climate, Ethics, Control, NYSE, Morgan Stanley, Mississippi State University, Business administration, Independent, United States Senate Committee to Audit and Control the Contingent Expenses of the Senate, Master of Business Administration, International, Abercrombie & Fitch, Abercrombie, Management, Finance, Exelon, Science, Occidental

HOUSTON, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE:OXY) announced today that Ken Robinson, who currently serves on the Boards of Directors for Abercrombie & Fitch, Paylocity and Morgan Stanley U.S. Banks, and formerly served as Senior Vice President of Audit and Controls at Exelon Corporation, has been elected to its Board of Directors, effective as of February 16, 2023.

Key Points: 
  • HOUSTON, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE:OXY) announced today that Ken Robinson, who currently serves on the Boards of Directors for Abercrombie & Fitch, Paylocity and Morgan Stanley U.S. Banks, and formerly served as Senior Vice President of Audit and Controls at Exelon Corporation, has been elected to its Board of Directors, effective as of February 16, 2023.
  • "Ken's impressive 40 plus-year career consists of senior leadership roles within global finance and accounting, enterprise risk, ethics, and compliance," said Jack Moore, Independent Chairman of the Board.
  • Mr. Robinson also serves as a Trustee of the International Financial Reporting Standards Foundation.
  • Mr. Robinson has a Bachelor of Science from Mississippi State University and a Master of Business Administration from the University of Memphis.

Energy Outlook ’23 Kicks off in Dallas with Powerful Start

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Giovedì, Febbraio 16, 2023
Diamond, EQT, ExxonMobil, Computer Pioneer Award, Southern Methodist University, Pioneer Award, World Energy Outlook, Gas, Walling v. Helmerich & Payne, Inc., Pioneer Natural Resources, Methodist University, KPMG, Credit Suisse, Occidental, Schmidt Family Foundation, Name, Entrepreneurial leadership, Consumer, Tissue paper, Renewable energy, Management

Energy Outlook '23 is the largest gathering of energy leaders in North Texas history.

Key Points: 
  • Energy Outlook '23 is the largest gathering of energy leaders in North Texas history.
  • Energy Outlook '23 is focusing broadly on the future of energy.
  • Energy Outlook '23 Diamond Sponsors are the Dian Graves Owen Foundation; Hunt Consolidated; Pioneer Natural Resources; and Pitts Oil/Dallas Production Company.
  • Energy Intelligence, a leading energy information company, is the energy media partner for this event.

Claire O'Neill Elected to Occidental Board of Directors

Retrieved on: 
Venerdì, Gennaio 20, 2023
Business administration, Energy, Sustainable development, International Advisory Council, Parliament, Government, Brasenose College, Oxford, NYSE, COP26, Carbon, Independent, Climate, Sustainability Accounting Standards Board, University of Oxford, Committee, WBCSD, Harvard Business School, Corporate governance, Sustainability, Renewable energy, Management, Occidental, Geography

Ms. O'Neill’s appointment increases the size of the Board from eight to nine directors.

Key Points: 
  • Ms. O'Neill’s appointment increases the size of the Board from eight to nine directors.
  • She will serve on the Board's Corporate Governance and Nominating Committee and Sustainability and Shareholder Engagement Committee.
  • "Throughout her career, Claire has developed an approach that recognizes the role of oil and gas in the energy transition and focuses on reducing and removing emissions," said Jack Moore, Independent Chairman of the Board.
  • Regarding her appointment to the Board, Ms. O'Neill stated, "I'm honored to serve on Occidental's Board.

Occidental to Announce Fourth Quarter Results Monday, February 27, 2023; Hold Conference Call Tuesday, February 28, 2023

Retrieved on: 
Martedì, Gennaio 10, 2023
Webcast, NYSE, Occidental

HOUSTON, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) will announce its fourth quarter 2022 financial results after close of market on Monday, February 27, 2023, and will hold a conference call to discuss results on Tuesday, February 28, 2023, at 1 p.m. Eastern/12 p.m. Central.

Key Points: 
  • HOUSTON, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) will announce its fourth quarter 2022 financial results after close of market on Monday, February 27, 2023, and will hold a conference call to discuss results on Tuesday, February 28, 2023, at 1 p.m. Eastern/12 p.m. Central.
  • The conference call may be accessed by calling 1-866-871-6512 (international callers dial 1-412-317-5417) or via webcast at oxy.com/investors.
  • Fourth quarter 2022 financial results will be available through the Investor Relations section of the company’s website.
  • A recording of the webcast will be posted on the website within several hours after the call is completed.

GROUP OF COMPANIES REACHES HISTORIC AGREEMENT WITH UNITED STATES TO HELP RESOLVE LONGSTANDING PASSAIC RIVER SUPERFUND CASE

Retrieved on: 
Sabato, Dicembre 17, 2022
Diamond, DDT, EPA, Occidental, Dangerous, SPG, United States district court, Environment, Public health, Diamond Shamrock, Occidental Petroleum, National Priorities List, Science, 2,3,7,8-TCDD, Diamond Alkali, European People's Party Group, Government, History, Nature, Pesticide, Environmental remediation, Hazardous waste, Passaic River, Agent Orange, Superfund, River

NEWARK, N.J., Dec. 16, 2022 /PRNewswire/ -- A group of more than 80 private and publicly-traded companies, most of whom are members of the so-called "Small Parties Group (SPG)," has reached a landmark agreement with the U.S. Environmental Protection Agency (EPA) to help fund cleanup of the Lower Passaic River in northern New Jersey, which is part of one of the largest and most contaminated Superfund sites in the country.

Key Points: 
  • The SPG is comprised of parties that the U.S. alleges are minor contributors of contaminants to the Lower Passaic River.
  • For decades, Occidental's corporate predecessors Diamond Alkali and Diamond Shamrock treated the Passaic River as their own personal sewer.
  • EPA has attributed virtually all of the 2,3,7,8-TCDD present in Lower Passaic River sediments to Diamond's former operations at the Lister Avenue facility.
  • This painstaking process was designed to characterize the nature and extent of Passaic River contamination, allocate responsibility, and devise a path toward remediation.