Occidental Petroleum Updates NYSE-Listed Securities in 8-K Filing

TL;DR

**OXY filed an 8-K confirming its common stock and warrants are listed on the NYSE.**

AI Summary

Occidental Petroleum Corporation filed an 8-K on January 22, 2024, reporting an 'Other Event' that occurred on January 19, 2024. This filing primarily updates the company's registered securities, specifically its Common Stock ($0.20 par value) and Warrants to Purchase Common Stock ($0.20 par value), both traded on the New York Stock Exchange under symbols OXY and OXY WS, respectively. This matters to investors as it confirms the active listing and trading status of these securities, providing transparency on what they own or are considering buying.

Why It Matters

This filing confirms the current listing details of Occidental Petroleum's common stock and warrants on the NYSE, which is fundamental information for any investor tracking their holdings or considering new investments.

Risk Assessment

Risk Level: low — This filing is purely informational, updating standard security registration details, and does not indicate any new financial or operational risks.

Analyst Insight

A smart investor would use this filing to confirm the current listing status and par value of Occidental Petroleum's securities, ensuring their records are up-to-date, but it offers no new actionable financial insights.

Key Numbers

• $0.20 — par value per share (for both Common Stock and Warrants to Purchase Common Stock)

Key Players & Entities

• OCCIDENTAL PETROLEUM CORPORATION (company) — the registrant filing the 8-K
• New York Stock Exchange (company) — where Occidental Petroleum's securities are registered
• $0.20 (dollar_amount) — par value of Common Stock and Warrants
• OXY (company) — trading symbol for Common Stock
• OXY WS (company) — trading symbol for Warrants to Purchase Common Stock

FAQ

Key Financial Figures

• $0.20 — nge on Which Registered Common Stock, $0.20 par value OXY New York Stock Exchange

Filing Documents

• oxy-20240119.htm (8-K) — 34KB
• 0000797468-24-000005.txt ( ) — 203KB
• oxy-20240119.xsd (EX-101.SCH) — 3KB
• oxy-20240119_def.xml (EX-101.DEF) — 16KB
• oxy-20240119_lab.xml (EX-101.LAB) — 31KB
• oxy-20240119_pre.xml (EX-101.PRE) — 16KB
• oxy-20240119_htm.xml (XML) — 4KB

01 Other Events

Item 8.01 Other Events. As previously disclosed, on December 10, 2023, Occidental Petroleum Corporation, a Delaware corporation ("Occidental"), entered into a Partnership Interest Purchase Agreement (the "Purchase Agreement") with CrownRock Holdings, L.P., a Delaware limited partnership ("Limited Partner"), CrownRock GP, LLC, a Delaware limited liability company ("General Partner" and, together with the Limited Partner, the "Sellers"), Coral Holdings LP, LLC, a Delaware limited liability company and a wholly owned indirect subsidiary of Occidental ("LP Purchaser"), and Coral Holdings GP, LLC, a Delaware limited liability company and wholly owned indirect subsidiary of Occidental ("GP Purchaser," together with the LP Purchaser, the "Purchasers"). Subject to the terms and conditions of the Purchase Agreement, the Purchasers will purchase 100% of the issued and outstanding partner interests of CrownRock, L.P., a Delaware limited partnership ("CrownRock"), from the Sellers (such transaction, the "Acquisition" and, together with the other transactions contemplated by the Purchase Agreement, the "Transactions"). The Acquisition is conditioned on, among other things, the expiration or termination of the waiting period (and any extensions thereof) under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act"). Pursuant to the HSR Act, Occidental and the Sellers filed notification and report forms with the Department of Justice and the Federal Trade Commission (the "FTC"). On January 19, 2024, Occidental and the Sellers each received a request for additional information and documentary material (each, a "Second Request") from the FTC in connection with the FTC's review of the Acquisition. A Second Request extends the waiting period imposed by the HSR Act until 30 days after each of Occidental and the Sellers have substantially complied with the Second Request issued to them, unless that period is extended voluntarily by Occidental and the Selle

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K ("Current Report") contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, including but not limited to statements about Occidental's expectations, beliefs, plans or forecasts. All statements other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws, including, but not limited to: any projections of revenue or other financial items or future financial position or sources of financing; any statements of the plans, strategies and objectives of management for future operations or business strategy; any statements regarding future economic conditions or performance; any statements of belief; and any statements of assumptions underlying any of the foregoing. Words such as "estimate," "project," "will," "should," "could," "may," "anticipate," "plan," "intend," "believe," "expect," "target," "commit," "advance," or similar expressions that convey the prospective nature of events or outcomes are generally indicative of forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this Current Report unless an earlier date is specified. Unless legally required, Occidental does not undertake any obligation to update, modify or withdraw any forward-looking statements as a result of new information, future events or otherwise. Forward-looking statements involve estimates, expectations, projections, goals, forecasts, assumptions, risks and uncertainties. Actual outcomes or results may differ from anticipated results, sometimes materially. Factors that could cause actual results to differ include, but are not limited to: the ultimate outcome of the Acquisition; Occidental's ability to consummate the proposed transaction with CrownRock; the conditions to the completion of the proposed transaction; that the regu

View Full Filing

View this 8-K filing on SEC EDGAR