Insight
Occidental - preparing for radical change
Report summary
Oxy is preparing to spin-off its Californian business by the end of 2014, sell down its remaining stake in the Plains All American Pipeline and looking to materially reduce its exposure to the Middle East. Key drivers include the potential to refresh growth options, align capital allocation with portfolio potential, and the capture of higher market premiums for the separated entities.
Table of contents
- Occidental's restructuring is on-track, but requires catalysts to maintain momentum
-
'New-look' Oxy
- North America
- Middle East / North Africa (MENA)
- South America
- Midstream and Petrochemicals
- California Resources Corporation
- Occidental Corporate coverage
- Appendix 1: 'New Look' Oxy
- Appendix 2: California Resources Corporation
-
Economic assumptions
Tables and charts
This report includes 13 images and tables including:
- Market performance post Oxy announcement
- 5-yr Total Shareholder Return (TSR) vs. 1-yr TSR
- CRC production outlook
- Benchmark: 3-yr prod. CAGR and cashflow/boe
- North American Asset Summary Table
- MENA Asset Summary Table
- Latin America Asset Summary Table
- CRC Asset Summary Table
- Production outlook: Oxy ex CRC
- Benchmark: 3-yr prod. CAGR and cashflow/boe
- Base price assumptions (nominal terms)
- Base price assumptions (nominal terms)
- Base, high and low WTI (nominal terms)
What's included
This report contains:
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