Occidental Petroleum and Sonatrach review partnership; stock pre-market at EUR 55.26
Published on 10/19/2026 at 07:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSPartnership discussions and history
- Occidental Petroleum and Sonatrach discussed partnership development on October 16, 2026.
- Occidental Petroleum stock stood at EUR 55.26 at Lang & Schwarz at 7:39 a.m. CEST on October 19, 2026.
- The partnership was expanded through a hydrocarbon agreement signed in 2022.
Occidental Petroleum and Algeria's Sonatrach reviewed partnership development during a meeting on October 16, 2026, while Occidental Petroleum stock stood at EUR 55.26 at Lang & Schwarz at 7:39 a.m. CEST. The quote showed a bid of EUR 55.02 and an ask of EUR 55.49. The further course from the Xetra open at 9:00 a.m. CEST is shown by the continuously updated real-time quote of Occidental Petroleum stock.
Partnership discussions in Algeria
According to a Sonatrach press release dated October 16, Sonatrach Chairman and CEO Nour Eddine Daoudi met Occidental Petroleum Chairman and CEO Richard Jackson in Houston. Discussions covered Occidental Petroleum's activities in Algeria's Berkine Basin, cooperation prospects and development opportunities. The companies also discussed Occidental's expertise in unconventional resources, enhanced oil recovery techniques and non-metallic pipes.
The release said the partnership was enhanced in 2022 through a hydrocarbon agreement covering perimeters 404 and 208 with Eni and TotalEnergies. It also cited an October 2024 memorandum of understanding on exploration and evaluation activities in the Berkine Center perimeter.
Market context: Market report S&P 500.
