Occidental Petroleum Exploring Options to Shore Up Impaired Balance Sheet

  • May 07, 2020 AEST
  • Team Kalkine

Occidental Petroleum Corporation, the behemoth global oil explorer and producer to shore-up its impaired balance sheet and looking for options concerning the same, including raising cash or refinancing debt, post declaring a loss of USD 2 billion.

  • While peers such as Exxon Mobil and Royal Dutch Shell, had already decided to slash their capital expenditure and curb output.
  • The Company in a spot of bother as it recently purchased Anadarko Petroleum for a total consideration of USD 38 billion, which places the Company in the debt of USD 40 billion amidst the worst oil crisis.


The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. All pictures are copyright to their respective owner(s). Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK