Occidental, ExxonMobil, Noble Energy: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

FINANCIAL
Occidental to Sell Colombia Onshore Assets - U.S. oil producer Occidental Petroleum Corporation (NYSE:OXY) said on Thursday it has agreed to sell its onshore assets in Colombia to private equity firm Carlyle Group Incorporation (NASDAQ:CG) for $825 million. Occidental has so far announced more than $2 billion worth of divestitures this year. (Reuters)

ExxonMobil Signals Bigger-than-Expected Loss in Third Quarter - Exxon Mobil Corporation (NYSE:XOM) on Thursday listed a number of factors that could impact its earnings such as oil and gas prices, refining margins and sales volumes, suggesting that its numbers could range from a loss of 68 cents to a profit of 7 cents. The calculation was based on inputs from the company and analysts. If the oil major posts another loss, it would be the first time that ExxonMobil has reported a third straight quarterly loss in at least 36 years. (Reuters)

Noble Energy Shareholders Likely to Approve $4.2 Billion Chevron Deal - Noble Energy (NASDAQ:NBL) shareholders on Friday are expected to approve its sale to Chevron (NYSE:CVX) for about $4.2 billion in stock, cementing the first big energy deal since the coronavirus crushed global fuel demand. The purchase would boost Chevron's U.S. shale oil holdings and add nearly 1 billion cubic feet of natural gas reserves close to growing markets. (Reuters)

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About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.