The advantages of Occidental Petroleum's acquisition appear to be in a position to become apparent to shareholders. Technology advancements and operational improvements are expected to boost profit...

Occidental's (OXY) ongoing investment and high-quality assets are likely to have a positive impact on growth. However, stringent regulation and global competition pose concerns.

Carbon Engineering makes the technology to support direct air capture of carbon emissions. The deal will enhance the oil giant's opportunity in the potentially massive carbon-capture business.

Occidental Petroleum Corp (NYSE: OXY) just announced plans of buying Carbon Engineering for about $1.1 billion. Its shares are down 2.0% at writing.

Occidental Petroleum will purchase tech firm Carbon Engineering Ltd. for $1.1 billion with plans to build 100 plants, using incentives from the government to combat climate change.

Houston-based Occidental Petroleum Corp., which is backed by  billionaire investor Warren Buffett, has agreed to buy Canadian startup Carbon Engineering Ltd. for $1.1 billion.

U.S. oil and gas producer Occidental Petroleum said on Tuesday it would acquire carbon-capture technology provider Carbon Engineering for a total cash consideration of approximately $1.1 billion.

Billionaire investor Prem Watsa (Trades, Portfolio), the leader of Fairfax Financial Holdings ( TSX:FFH , Financial), disclosed his second-quarter equity portfolio earlier this week.

Occidental Petroleum Corporation's bump in share price has dropped down its free cash flow yield, even at higher prices. The company has a 7% FCF yield, not enough to justify its valuation given bo...

Shares of Occidental Petroleum advanced after the U.S. Department of Energy chose the energy company to receive hundreds of millions of dollars in grants for a carbon capture project.