"We are highly confident that the actions we already have in progress will allow us to exceed the upper end of our original $10 to $15 billion divestiture goal by the middle of 2020," said President and Chief Executive Officer Vicki Hollub. "Closing the Midland Basin Joint Venture and completing the sale of additional non-core assets are the latest examples of Occidental’s progress towards further strengthening our balance sheet."

Occidental Petroleum Corporation ("Occidental" or "the Company") (NYSE: OXY) today announced the successful completion of its acquisition of Anadarko Petroleum Corporation ("Anadarko") (NYSE: APC) in a transaction valued at $55 billion, including the assumption of Anadarko’s debt.

Algeria will block Total from acquiring Anadarko's assets in Algeria, energy minister Mohamed Arkab told reporters on a sidelines of a conference on Sunday.

Occidental ("Occidental" or "the Company") (NYSE: OXY) ) today entered into a definitive agreement whereby Occidental will acquire Anadarko Petroleum Corporation ("Anadarko") (NYSE: APC) for $59.00 in cash and 0.2934 shares of Occidental common stock per share of Anadarko common stock, in a transaction valued at $57 billion, including the assumption of Anadarko's debt.

Occidental Petroleum Corp agreed to sell Anadarko's Algeria, Ghana, Mozambique and South Africa assets to Total SA for $8.8 billion.

Occidental Petroleum made a new $57 billion offer for Anadarko

Occidental Petroleum Corp boosted its 2015 production forecast on Wednesday after reporting an adjusted quarterly profit in line with expectations as cost cuts helped balance the recent drop in oil prices. Occidental raised its 2015 output forecast by 20,000 barrels of oil equivalent per day (boe/d), citing “a more optimistic outlook for the remainder of the year.”

Oxy cuts capital budget by a third

Occidental Petroleum Corp, the fourth-largest U.S. oil and gas producer by market capitalization, is looking to sell its North Dakota oil assets for as much as $3 billion as the company seeks to focus on profitable regions, Bloomberg reported on Monday.

Mexico is “like a sweet shop in the oil business”, according to one executive, and international energy companies are eyeing the goodies it offers as they wait for technical and fiscal details to work out how much they can splurge.