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Occidental to spin-out West Coast business


Occidental to spin-out West Coast business

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?

This report includes 1 file(s)

  • Occidental to spin-out West Coast buisness PDF - 447.93 KB 3 Pages, 0 Tables, 4 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.

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  • Oxy embarks on the most radical upstream strategic repositioning yet
    • West Coast Oxy

In this report there are 4 tables or charts, including:

  • Oxy embarks on the most radical upstream strategic repositioning yet
    • 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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