Link here.
Occidental Petroleum Corp said on
Thursday its board voted to increase its share repurchase authorization
by 30 million shares to be funded in part by the $1.4 billon sale of
natural gas assets in the central United States.
Occidental,
which is restructuring and under pressure to return more cash to
shareholders, also raised its annual dividend by 12.5 percent to $2.88
per share.
"The dividend
increase reflects our commitment to growing Occidental's dividend
annually, and we will continue to make share repurchases as
opportunities arise," Chief Executive Officer Stephen I. Chazen said in a
statement.
The following link isn't germane to this topic, but I wasn't sure how to send it to you:
ReplyDeletehttp://www.cnbc.com/id/101408226
California is trying to now stop fracking due to the Drought! Thought you would find it interesting.
Yes, I think I've posted this story -- it is going to be very, very difficult to allow fracking with water during the California drought, despite the fact that golf courses in California use much more water than fracking ever would.
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