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10 Pages

Occidental - preparing for radical change


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.

What's included?

This report includes 1 file(s)

  • Occidental - preparing for radical change PDF - 357.76 KB 10 Pages, 5 Tables, 8 Figures

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

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  • 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

In this report there are 13 tables or charts, including:

  • Occidental's restructuring is on-track, but requires catalysts to maintain momentum
    • Market performance post Oxy announcement
    • 5-yr Total Shareholder Return (TSR) vs. 1-yr TSR
  • 'New-look' Oxy
    • Production outlook: Oxy ex CRC
    • Benchmark: 3-yr prod. CAGR and cashflow/boe
  • California Resources Corporation
    • CRC production outlook
    • Benchmark: 3-yr prod. CAGR and cashflow/boe
  • Occidental Corporate coverage
  • Appendix 1: 'New Look' Oxy
    • North American Asset Summary Table
    • MENA Asset Summary Table
    • Latin America Asset Summary Table
  • Appendix 2: California Resources Corporation
    • CRC Asset Summary Table
  • Economic assumptions
    • Base price assumptions (nominal terms)
    • Base price assumptions (nominal terms)
    • Base, high and low WTI (nominal terms)
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