Occidental Petroleum’s offer to warrant-holders at a reduced exercise price of $21.30 would raise $1.6 billion, the company said.

The Offer is available to holders of the Warrants, each representing the right to purchase one share of Occidental’s common stock, $0.20 par value per share, at an exercise price of $22.00. The ...

Occidental also reported a fourth-quarter loss of $297 million on Tuesday, compared with a profit of $1.03 billion from a year earlier, as it was hurt by environmental liability and lower prices.

Occidental on Tuesday reported adjusted income of $1.1 billion, missing analysts estimates amid a 20% decline in oil prices from a year ago. Results were primarily impacted by the timing of crude ...

Shares of Occidental Petroleum (OXY 0.15%) have dipped over the past year. They've fallen from a peak of more than $60 a share to less than $50. That's largely due to a decline in oil prices ...