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Occidental Petroleum CDR (CAD Hedged)
Symbol OXY
Shares Issued 50,000
Close 2025-02-19 C$ 22.03
Market Cap C$ 1,101,500
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Globe says Occidental plays along with Trump's fantasy

2025-02-20 07:37 ET - In the News

The Globe and Mail reports in its Thursday edition that Occidental Petroleum did not waste time amending its investor materials to reflect U.S. President Donald Trump's new name for the Gulf of Mexico. The Globe's Jeffrey Jones writes that in its fourth-quarter news release and slides, Occidental refers to its U.S. offshore oil and gas holdings as being located in the Gulf of America. The body of water has been known as the Gulf of Mexico since at least the late 16th century. Occidental follows such other large oil companies as BP and Chevron, which are among the largest producers in the gulf located beyond southern U.S. shores and the eastern coast of Mexico. Vicki Hollub, Occidental's chief executive officer, had no trouble at all making the change, referring to the Gulf of America without hesitation in her remarks during the conference call Wednesday -- even after an analyst asked about the Gulf of Mexico. Others tripped a bit. Senior vice-president Kenneth Dillon stumbled over the unfamiliar moniker, once mashing both names together as he responded to a question about what might contribute to Occidental's production growth there this year. Big tech names, including Apple and Google, are also obeying Mr. Trump.

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