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Occidental Petroleum (OXY) Reports YE14 Proved Reserves of 2.82B BOE

January 29, 2015 7:07 AM EST

Occidental Petroleum (NYSE: OXY) announced y that at year-end 2014, the company's preliminary worldwide proved reserves totaled 2.82 billion barrels of oil equivalent (BOE) compared to 2.74 billion BOE at the end of 2013, restated to exclude California Resources Corporation. In 2014, the company had proved reserve additions from all sources of 380 million BOE, compared to production of 218 million BOE, for a production replacement ratio of 174 percent.

The preliminary domestic proved... More