Oxy Expands Share Repurchase
Occidental Petroleum Corp. reported that its board increased the number of shares authorized for the previously announced share repurchase program from 40 million shares to 55 million shares.
Approximately 31.6 million shares have been repurchased through January 31, 2007, leaving 23.4 million shares to be repurchased from time to time in the open market or otherwise. The share repurchases will continue to be funded solely from available cash from operations.
Operates 1 Offshore Rigs
- Ex-Occidental Chief in $2.66B Deal for EnerVest Shale (Mar 20)
- What Women Really Want on the Job? Ask Big Oil's Only Female CEO (Feb 23)
- Media: Cleanup Underway After Centurion Pipeline Oil Spill In Oklahoma (Feb 19)