It's the second time in three months that the debt-laden oil company is slashing its quarterly payout.
News & Analysis: Occidental Petroleum
Oil prices have rebounded from their lows, but these companies are still likely to underperform.
The oil giant's debt reduction strategy experiences another setback.
Oil companies have been taking advantage of the stimulus bill to collect millions in tax rebates.
With Asset Sales Falling Off the Table, Occidental Petroleum Is Looking at All Other Options to Reduce Debt
The beleaguered oil giant is working on plan B to pare down its burdensome debt load.
Which companies are getting hit with a downgrade? And which aren't ... yet?
The COVID-19 pandemic, sharply lower oil prices, and a lot of debt has the oil company looking at ways to trim down.
OXY earnings call for the period ending March 31, 2020.
The deeply indebted oil producer needs help to address its balance-sheet issues.
The oil giant continues to adjust its plan as it tries to navigate the challenging oil market.