What Can Occidental Petroleum Shareholders Expect Without California?
When Occidental Petroleum spins off its California oil and gas assets into its own company later this year, it will remove a very large part of the company's production base. If you are an investor in Occidental, you don't need to worry about this too much. Not only does Occidental have some pretty solid assets to work from once California is let go, this past quarter the company's management believes this will significantly boost the company's overall return for investors.
With political issues in several countries where Occidental has operations today, its production base is pretty much based in two areas: The Permian Basin of West Texas and the Southeastern part of the Middle East in the United Arab Emirates and Oman. Find out what you can expect from these two regions long term by tuning into the video below.
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The article What Can Occidental Petroleum Shareholders Expect Without California? originally appeared on Fool.com.Tyler Crowe has no position in any stocks mentioned. You can follow him at Fool.com under the handle TMFDirtyBird, on Google+, or on Twitter @TylerCroweFool. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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