Occidental Petroleum Secures Revised Credit Facility

Occidental Petroleum (OXY) has released an update to notify the public and investors about an entry into a material definitive agreement.

Occidental Petroleum Corporation has updated its financial dealings with a newly revised credit agreement involving major banks, with JPMorgan Chase Bank acting as the administrative agent. This key financial document, effective from February 2, 2024, highlights the company’s ongoing efforts to manage its finances and credit facilities. Occidental has also committed to providing additional details to the SEC upon request, underscoring its compliance with regulatory requirements.

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For a comprehensive understanding of the announcement, you can read the full document here.