Current OXY Stock Info

Occidental will have a 30% share in an offshore exploration deal in Abu Dhabi
Occidental Petroleum (ticker: OXY) has agreed to a $500 million, two year offshore exploration deal in Abu Dhabi. OXY was one of eleven international oil companies invited to bid for rights to develop Abu Dhabi’s assets in 2012, reports Bloomberg.

Occidental will work with state-owned Abu Dhabi National Oil Co. (ADNOC) to explore the Hail and Ghasha offshore fields in the Persian Gulf. The Houston-based company will have a 30% share in the exploration project that...


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