Reported about 14 hours ago
Occidental Petroleum achieved its $4.5 billion debt reduction target seven months ahead of schedule, allowing the company to reallocate savings from interest payments to increase dividends for shareholders. Following a bold acquisition and subsequent asset sales, the company has generated significant free cash flow, enabling further debt repayment and increasing investment flexibility. With additional targets in place, Occidental aims to strengthen its balance sheet and provide more cash returns to investors.
Source: YAHOO