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In September 2014, Occidental moved its headquarters to Houston, Texas. [ 40 ] [ 41 ] In November, the company sold its 50% interest in BridgeTex Pipeline Company, owner of a 300,000 barrel-per-day crude oil pipeline system that extends from Colorado City, Texas to Texas City, Texas , for $1.075 billion.
In addition to the Fortune 500 companies above, many other companies in multiple fields are headquartered or have based their US headquarters in Houston. Al's Formal Wear; Allis-Chalmers Energy; Allpoint; American Bureau of Shipping; American National Insurance Company (Galveston) Aon Hewitt; Archimage; Avelo Airlines; Axiom Space; Baker Botts ...
In 1999, the company purchased a 7.5-acre (30,000 m 2) tract in The Woodlands, Texas from the Woodlands Land Company to build an 800,000-square-foot (74,000 m 2), 32-story headquarters building, on the site. [5] In 2012, the company began construction of another office tower adjacent to its headquarters. [6]
The Occidental Petroleum Corp headquarters is pictured in Los Angeles, California September 16, 2013. REUTERS/Mario Anzuoni (Mario Anzuoni / reuters) Josh and Ines are reporters for Yahoo Finance.
Occidental Petroleum is an integrated energy company. That means that it owns assets in the upstream (oil and natural gas production), midstream ( pipelines ), and downstream ( chemicals and ...
Occidental Petroleum will partly finance the acquisition by selling off some of its assets. The company's priority will be getting its debt level down to $15 billion.
During the Houston Astros' 2004 NLCS run (playoffs), the top of the building was crowned by hundreds of tiny blue lights while an enormous Astros star (logo) made of white lights was hung on the south side of the building. [7] In 2011 the company announced they would relocate all employees in the building to a new ExxonMobil office in Spring. [8]
Occidental Petroleum produced $977 million, or $1 per share, of adjusted net income during the third quarter. Occidental Petroleum's Wheeling and Dealing Is Helping Fuel Strong Results Skip to ...