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Occidental to spin-out West Coast business

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Report summary

Oxy has confirmed that it plans to spin-off its Californian business. The niche Californian business will be better placed to attract a "pure play" premium. The smaller, leaner ‘new-look’ Oxy that will emerge from the remaining business will still give investors exposure to Oxy’s traditional expertise in EOR, plus international business development strengths and potentially world-class tight oil upside in the Permian Basin. The shares jumped 4.7% on the day of announcement.

What's included

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  • Document

    Occidental to spin-out West Coast buisness

    PDF 447.93 KB

Tables and charts

This report includes 4 images and tables including:

Images

  • Three year relative share price performance
  • Market premium/discount to base case NPV
  • Forecasted 2013 & 2018 production and 5yr CAGR
  • Base case NPV & 5yr average upstream cashflow/boe

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