Ray R. Irani

6 news results for the tag: Ray R. Irani.

Nation’s First Application for a Revolutionary Hydrogen Fuel Electric Generating Facility With Carbon Capture and Sequestration to Be Filed Before the California Energy Commission

July 31st, 2008

Hydrogen Energy International LLC, a joint venture of BP Alternative Energy and Rio Tinto, announced plans to file an AFC (Application for Certification) before the California Energy Commission on Thursday, July 31, 2008, for a proposed hydrogen fuel production facility and power plant in Kern County, California. The filing initiates a comprehensive regulatory review process [...]

Occidental to Develop Major New Texas Enhanced Oil Recovery Assets, Increasing U.S. Production

July 1st, 2008

Occidental Petroleum Corporation announced an agreement with SandRidge Energy to develop a West Texas hydrocarbon gas processing plant and related pipeline infrastructure that will provide carbon dioxide (CO2) for use in Oxy’s enhanced oil recovery (EOR) projects. The new CO2 resources are expected to expand Oxy’s Permian production by a minimum of 50,000 barrels [...]

Occidental Petroleum Announces Third Quarter Earnings of $1.159 Billion, Up 15% from Third Quarter 2005

October 22nd, 2006

Occidental Petroleum Corporation announced core earnings for the third quarter 2006 were $1.159 billion ($1.35 per diluted share), compared with $1.004 billion ($1.22 per diluted share) for the same period in 2005. See the attached schedule for a reconciliation of net income to core earnings.
Net income for the third quarter 2006 was $1.168 billion ($1.36 [...]

Occidental Petroleum Reports 33 Percent Drop in Profit

October 19th, 2006

Oil and gas producer Occidental Petroleum Corp. said Wednesday its third-quarter earnings fell 33 percent from year-ago results that included hefty one-time gains.
The latest results were just above Wall Street estimates, however.
“Sharply higher crude oil prices and a strong performance from our chemicals business were key drivers in our financial performance in the quarter,” said [...]

Occidental Petroleum Corporation Announces Second Quarter Earnings of $857 Million, Chemicals Segment Earnings at $250 Million

August 13th, 2006

Occidental Petroleum Corporation announced income from continuing operations was $2.77 per diluted share for the second quarter 2006, compared with $3.63 per diluted share for the second quarter 2005. Net income for the second quarter 2006 was $857 million ($1.97 per diluted share), compared with $1.536 billion ($3.77 per diluted share) for the second quarter [...]

Occidental Petroleum 2Q Income Declines

August 6th, 2006

Oil and gas producer Occidental Petroleum Corp. said Friday its second-quarter income declined due in part to the seizure of assets by Ecuador.
Occidental recorded an after-tax loss of $347 million, which includes the end of its investment in Ecuador. That loss offset gains the company saw from higher production and gas and oil prices in [...]


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