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Occidental's Record High Profit

25. April 2008

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Occidental's Record High Profit

Occidental’s Profit Soars 53% to Record High on Surging Oil Prices By Tiffany Hsu, LOS ANGELES TIMES April 25, 2008 Buoyed by booming energy prices and output, Westwood-based Occidental Petroleum Corp. said Thursday that first-quarter profit leaped 53% to an all-time high. Analysts predicted continuing good fortune for the company but warned that a slowing […]

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Whose Is Biggest?

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11. April 2007

Whose Is Biggest?

04/11/07 by dugan It’s a strange world when yearly CEO pay of  $18.4 million looks humble. That’s what Exxon reports paying CEO Rex Tillerson in a filing today. Compared to the $460 million awarded to Ray Irani, the CEO of little Occidental Petroleum, you have to wonder if Tillerson is on the wrong boat. Of […]

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I could fill up 10 million times with Oxy CEO's salary

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7. April 2007

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I could fill up 10 million times with Oxy CEO's salary

It was the mathematical symmetry of the number that got to me.  It costs me about $46 to fill up my Honda at a California gas station these days ($3.28  for unleaded according to AAA).  Liz Douglass, in today’s LA Times, reports that Occidental Petroleum CEO Ray Irani made $460 million in 2006.  That’s exactly […]

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Big Oil's European Vacation

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29. March 2007

Big Oil's European Vacation

Oil industry and power company executives have begun a European jaunt in the company of California’s top energy policy officials. It’s billed as a “policy study” on how Europe implements greenhouse gas restrictions. But giving Big Oil that much private face time with the people who will write the state’s greenhouse gas regulations is always […]

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