Occidental Petroleum (OXY) news

Halliburton up 3.4%, Valero Energy up 2.4%, Occidental Petroleum up 2.5%

Halliburton up 2%, Valero Energy up 2.4%, Occidental Petroleum up 1.6%

Halliburton Company (NYSE: HAL) rose 2% on Friday, continuing a strong upward trend that has seen its increase by 56% over the past month and 66% year-to-date. The company’s Q3 2022 earnings report highlighted a 29% year-over-year revenue increase to $5.4 billion and a 130.8% rise in earnings per…

Occidental tries to free itself from the messy legacy of Anadarko deal - FT

Occidental Petroleum is working to resolve the complex aftermath of its $55 billion acquisition of Anadarko Petroleum, a deal that has drawn regulatory scrutiny and legal challenges since its completion in 2019. The acquisition, initially approved by Anadarko’s board, has been mired in controversy,…

Dow Jones unofficially closes up 558.79 points, or 1.06 percent, at 53,318.00

The Dow Jones Industrial Average rose 558.79 points, or 1.06 percent, to 53,318.00 in unofficial trading, reflecting a broad-based rally driven by gains in technology and energy sectors. The index’s performance was supported by strong earnings from key technology firms and optimism surrounding…

Colombian president says "responsible fracking" will be authorized

Colombian President Gustavo Petro has indicated that "responsible fracking" could be authorized under strict environmental safeguards, despite his administration’s recent decision to cancel a $880 million joint venture between state-run Ecopetrol and U.S. energy firm Occidental Petroleum (Oxy). The…