Occidental Petroleum Corporation (OXY)
Market Cap | 56.26B |
Revenue (ttm) | 27.67B |
Net Income (ttm) | 3.51B |
Shares Out | 886.64M |
EPS (ttm) | 3.65 |
PE Ratio | 17.37 |
Forward PE | 14.20 |
Dividend | $0.88 (1.39%) |
Ex-Dividend Date | Jun 10, 2024 |
Volume | 4,881,182 |
Open | 62.98 |
Previous Close | 62.86 |
Day's Range | 62.67 - 63.55 |
52-Week Range | 55.12 - 71.19 |
Beta | 1.66 |
Analysts | Hold |
Price Target | 71.69 (+13.06%) |
Earnings Date | May 7, 2024 |
About OXY
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. Its Chemical segment manufactures and markets basic chemicals, including chlorine, caustic soda, chlorinated organics, p... [Read more]
Financial Performance
In 2023, OXY's revenue was $28.92 billion, a decrease of -22.04% compared to the previous year's $37.10 billion. Earnings were $3.77 billion, a decrease of -69.83%.
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for OXY stock is "Hold." The 12-month stock price forecast is $71.69, which is an increase of 13.06% from the latest price.
News
Occidental says CrownRock deal could close by August
Occidental Petroleum Chief Executive Vicki Hollub on Wednesday said the company hopes to close the acquisition of shale oil producer CrownRock before the second-quarter earnings call, which typically ...
Occidental Petroleum beats quarterly profit estimates on higher oil prices
Occidental Petroleum beat estimates for first-quarter profit on Tuesday as the oil-and-gas firm benefited from higher oil prices.
Occidental Announces First Quarter 2024 Results
HOUSTON, May 07, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced its first quarter 2024 financial results. The earnings release and accompanying financial schedules can be accessed via...
Disney, Uber, Occidental, Palantir, Airbnb, and More to Watch
Earnings season continues with results from BioNTech, Palantir, Ferrari, NRG Energy, Occidental, Walt Disney, and more.
Occidental Announces Dividend
HOUSTON, May 01, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) announced today that its Board of Directors declared a regular quarterly dividend of $0.22 per share on common stock, payable on July 1...
XOM, CVX, OXY: Where Are Energy Stocks Headed?
Truist has a buy rating on Exxon Mobil (XOM) and Occidental Petroleum (OXY). Neal Dingmann discusses energy stocks.
Occidental to Announce First Quarter Results Tuesday, May 7, 2024; Hold Conference Call Wednesday, May 8, 2024
HOUSTON, April 02, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) will announce its first quarter 2024 financial results after close of market on Tuesday, May 7, 2024, and will hold a conference call...
Energy stocks rise after crude oil prices touch five-month highs
Francisco Blanch, BofA Securities head of global commodity and derivatives research, joins 'The Exchange' to discuss what's driving energy prices, geopolitical impacts on energy supply and demand, and...
Occidental CEO talks CrownRock acquisition, It gives us more scale and cash flow
As CERAWeek by S&P Global — an annual global energy conference focusing on the industry's biggest goals and challenges — kicks off today, Occidental Petroleum (OXY) CEO Vicki Hollub joins Yahoo Financ...
Buffett-backed Occidental wouldn't be acquiring CrownRock ‘if the business was strong': Lee Munson
Occidental Petroleum (OXY) acquired oil producer CrownRock for $12 billion in December 2023. Portfolio Wealth Advisors President and CIO Lee Munson joins Yahoo Finance following Julie Hyman's intervie...
3 Warren Buffett Stocks to Own Forever
#Morningstar #WarrenBuffett #stockinvesting Berkshire Hathway's chairman expects to hold these stocks indefinitely. 00:00 Introduction 00:45 Coco-Cola KO 01:31 American Express AXP 02:19 Occidental Pe...
Occidental Petroleum CEO talks the CrownRock deal, Chevron and Hess and natural gas prices
Vicki Hollub, Occidental Petroleum CEO, joins 'Closing Bell' to discuss the company, the CrownRock deal and Chevron and Hess deal and consolidation.
Warren Buffett's Annual Letter: Berkshire Won't Buy Occidental
Berkshire Hathaway's CEO also highlighted the challenges of the company's railroad, utility businesses.
Exclusive: Occidental explores $18 billion-plus sale of Western Midstream, sources say
Occidental Petroleum is exploring a sale of Western Midstream Partners , a U.S. natural gas-focused pipeline operator that has a market value of more than $18 billion, including debt, according to peo...
Occidental says CrownRock deal closing delayed to 2nd half due to FTC requests
Occidental Petroleum Chief Executive Vicki Hollub on Thursday said the closing of the acquisition of shale producer CrownRock was postponed and is now expected for the second half of this year, after ...
Occidental Petroleum beats profit estimates as production rises
U.S. oil and gas producer Occidental Petroleum beat estimates for fourth-quarter profit on Wednesday, aided by higher production in the Permian basin.
Occidental Announces Fourth Quarter 2023 Results
HOUSTON, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced its fourth quarter 2023 financial results. The earnings release and accompanying financial schedules can be accessed v...
What To Expect From OXY Earnings
Occidental Petroleum's (OXY) earnings are to be released today. Kevin Green previews these earnings, highlighting that we may get insight into their production strategy moving forward.
Occidental Increases Dividend
HOUSTON, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) announced today that its Board of Directors declared a regular quarterly dividend of $0.22 per share on common stock, payable on April...
Oil market will face supply shortage by end of 2025, Occidental CEO says
"We're in a situation now where in a couple of years time we're going to be very short on supply," Occidental CEO Vicki Hollub said.
Occidental CEO: Oil oversupply having more impact on price than Red Sea events
Occidental Petroleum CEO Vicki Hollub joins 'Squawk on the Street' to discuss how Red Sea disruptions affect the oil market, if the market is out of balance, and more.
Bullish On FTNT, Neutral On UNH, Swing Breakout For OXY
Fortinet (FTNT), UnitedHealth (UNH), and Occidental Petroleum (OXY) are today's big three stocks. Mike Shorr and Rick Ducat discuss the technical trends and how to trade these names.
US regulator seeks more data on Occidental-Crownrock deal
The U.S. Federal Trade Commission (FTC) has requested Occidental and Crownrock for additional information and documentary materials related to their pending merger, the companies said on Monday.
Market to be short oil from 2025 onwards, Occidental CEO at Davos
The oil market could be heading for a supply crunch from 2025 onwards as oil exploration fails to keep pace with demand, Occidental Petroleum Chief Executive Vicki Hollub said on Tuesday.