Occidental Petroleum Corp.

Occidental Petroleum Chairman Ray Irani ousted at annual meeting

2013-05-04 00:00:00

Occidental Petroleum shareholders ousted Chairman and former Chief Executive Ray Irani in a dramatic annual meeting that signaled the end of an era for the storied oil and gas producer. It concluded a nearly three-decade run as a director of the Los...

Herbalife getting personal with Ackman, notes J.C. Penney 'disaster'

2013-05-03 15:54:00

Things are starting to get personal in the battle between hedge fund manager Bill Ackman and Herbalife Ltd., the Los Angeles nutritional products company he’s accused of operating a long-running pyramid scheme. Herbalife spokeswoman Barbara...

What to expect at Buffett's Berkshire Hathaway shareholder meeting

2013-05-03 12:20:00

The annual Berkshire Hathaway shareholder meeting kicks off this weekend in Omaha, Neb. Thousands of the conglomerate’s shareholders will make the sojourn to the Cornhusker State, where they are expected to discuss the company’s succession...

Occidental Petroleum Chairman Ray Irani ousted by shareholders

2013-05-03 11:33:00

This post has been corrected. See below for details. Occidental Petroleum Chairman Ray Irani was ousted by shareholders from the oil and gas petroleum's board and was absent from Friday's annual meeting in Santa Monica Irani, 78, has been with the...

Hillary Clinton to appear in Beverly Hills for award and speech

2013-05-02 06:00:00

In the sort of appearance destined to fan speculation about her presidential aspirations in 2016, Hillary Rodham Clinton will speak in Beverly Hills next week at a gala hosted by the Pacific Council on International Policy. The nonpartisan group,...

Occidental Petroleum says CEO to stay on through 2014

2013-04-29 10:03:00

Occidental Petroleum Corp. said Monday that Chief Executive Steve Chazen would remain at the helm through 2014 as the company restricted compensation packages and tightened requirements for serving on its board. The Los Angeles oil-and-gas producer said...

Occidental Petroleum says first-quarter profit fell 13%

2013-04-25 09:00:00

Los Angeles-based Occidental Petroleum, one of the largest crude oil producers in the country, said its first-quarter profit fell but beat expectations as the company tried to cut costs and manage lower prices for natural gas. The earnings report...

Stock spotlight: Occidental Petroleum seeks stability at the top

2013-04-15 00:00:00

The nation's fourth biggest oil company, Occidental Petroleum Corp., is primarily involved in oil and natural gas exploration and production. It is also a major manufacturer of oil-related chemicals. The Westwood company said its domestic production...

Occidental board denies there's infighting in executive suite

2013-04-09 00:00:00

For several days, Occidental Petroleum Corp. has been roiled by speculation that its CEO search was really a power play by Executive Chairman Ray Irani to push out his onetime protege, Chief Executive Stephen Chazen. On Monday the Westwood company's...

Oxy Petroleum's 'No fight at the top' statement won't end concerns

2013-04-08 12:29:00

Occidental Petroleum Corp.'s board of directors issued an unusual statement Monday, deploring what it called "inaccurate speculation" and saying that there was "no fight at the top" involving the company's senior management. Analysts said that the...

Town hopes for jobs tapping California's huge oil formation

2013-03-30 21:35:00

TAFT, Calif. — This two-stoplight town was built on petroleum, and residents here never miss a chance to pay tribute. A 38-foot monument to wildcatters stands downtown; locals brag it's the tallest bronze sculpture west of the Mississippi. Every...

Occidental Petroleum's fourth-quarter profit beats estimates

2013-01-31 10:38:00

Occidental Petroleum Corp. reported better-than-expected fourth-quarter earnings on Thursday, sending its stock up on Wall Street. The Westwood-based company, already the biggest producer of oil inside the U.S.,� said its domestic production of oil...

Occidental Petroleum shares rose after on the New York Stock Exchange after it reported better-than-expected earnings.

2013-01-31 00:00:00

Occidental Petroleum said that Chief Executive Steve Chazen would remain on through the end of 2014.

2012-10-18 00:00:00

Stephen I. Chazen, CEO of Occidental Petroleum, was ranked as the top value creator in Southern California.

2012-05-02 16:00:00