Occidental Petroleum (OXY) Increases Stock Buyback Plan by 20 Million Shares
More News related to OXY
- Analyst Reports for Occidental Petroleum Corporation, Advanced Micro Devices Inc., Morgan Stanley, and Coca-Cola Company
- BeaconEquity.com Issues Trade Alerts on Independent Oil & Gas Stocks: CHK, GMXR, HK, SU, CEO, OXY
- Atticus Capital 13F Shows New Stakes in Chesapeake (CHK), Focus Media (FMCN), Google (GOOG), Peabody (BTU); Lowers Stakes in Freeport-McMoRan (FCX), MasterCard (MA), NYSE Euronext (NYX)
- Nation's First Application for a Revolutionary Hydrogen Fuel Electric Generating Facility With Carbon Capture and Sequestration to Be Filed Before the California Energy Commission
- *Revised* Analyst Reports for Halliburton Company, Electronic Data Systems Corporation, Occidental Petroleum Corporation, and Sprint Nextel Corporation
Occidental Petroleum Corporation (NYSE: OXY) has authorized the repurchase of an additional 20 million shares of the company's common stock. This brings to 95 million the total number of shares authorized for repurchase since Oxy began the repurchase program in 2005.
Under the program, the company has already repurchased approximately 59.5 million shares through the end of the second quarter 2008. An additional 35.5 million shares may now be repurchased by the company from time to time in the open market or otherwise. The share repurchases will continue to be funded without borrowing and are subject to market conditions and other factors.[SM]
Related Categories
Stock BuybacksStocks Mentioned
+0.00Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
