Occidental Petroleum Corporation (OXY)
| Market Cap | 44.22B |
| Revenue (ttm) | 27.14B |
| Net Income (ttm) | 3.71B |
| Shares Out | 938.34M |
| EPS (ttm) | 3.84 |
| PE Ratio | 12.90 |
| Forward PE | 15.11 |
| Dividend | $0.88 (1.87%) |
| Ex-Dividend Date | Dec 10, 2024 |
| Volume | 20,794,440 |
| Open | 46.25 |
| Previous Close | 45.36 |
| Day's Range | 45.65 - 47.85 |
| 52-Week Range | 45.17 - 71.19 |
| Beta | 1.60 |
| Analysts | Hold |
| Price Target | 61.06 (+29.56%) |
| Earnings Date | Feb 12, 2025 |
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, Occidental Petroleum's revenue was $28.26 billion, a decrease of -22.87% compared to the previous year's $36.63 billion. Earnings were $3.75 billion, a decrease of -69.81%.
Financial StatementsAnalyst Forecast
According to 17 analysts, the average rating for OXY stock is "Hold." The 12-month stock price forecast is $61.06, which is an increase of 29.56% from the latest price.
News
Warren Buffett ignores Wall Street, buys more stock in this oil-and-gas company
The Berkshire Hathaway CEO spent more than $400 million to buy Occidental Petroleum shares, which just hit a nearly three-year low amid fears that oil prices may keep falling.
Buffett's Berkshire Adds to Holdings of Occidental Petroleum, SiriusXM
Shares of Occidental Petroleum (OXY) and SiriusXM Holdings (SIRI) advanced about 4.5% and 10%, respectively, on Friday after billionaire investor Warren Buffett's Berkshire Hathaway (BRK.A) added to i...
Occidental: Look To Buy Alongside Buffett
The energy sector has underperformed in the last 6-8 months, while the overall stock market has surged. Occidental Petroleum Corp. has dropped significantly as Warren Buffett stopped supporting the st...
Occidental Petroleum: Offsetting Near-Term Headwinds With Margin Optimization
In 3Q24, OXY posted another strong quarter, growing revenues by 0.21% q/q and 5.2% q/q. Operating margins improved from 53.72% to 57.01% due to reduction in well and drilling costs. OXY's initiatives ...
Warren Buffett's Berkshire Hathaway scoops up Occidental and other stocks during sell-off
Berkshire Hathaway bought over $560 million worth of stocks over the last three sessions.
Occidental Petroleum Could Pay Down Its Massive Debts Sooner Than Expected
Occidental Petroleum's aggressive debt reduction, including a $4 billion repayment last quarter, positions it well for future balance sheet stability and investor confidence. Operational improvements,...
Occidental Petroleum: Why I Agree With Wall Street
I reiterate my HOLD rating on Occidental Petroleum due to a mixed outlook. OXY's Q3 earnings reflected some uneven segment performance. The balance sheet was another area of concern, with increased de...
Buffett's November DiviDog Pile Had No 'Safer' Buys
Berkshire Hathaway's portfolio includes diverse blue chips and lesser-known growth stocks, with 25 dividend-paying stocks analyzed for yield-based investment opportunities. Top Berkshire dividend stoc...
The Higher They Soar, The More I Buy
My favorite sector has performed extremely well in recent years. However, despite the incredible run it has been on, I think now is the best time yet to buy it. I share why and some of my top picks of...
Occidental: Cost Reduction Driving Value Growth, But Oil Outlook Uncertain
Occidental's extensive Delaware basin acreage and cost-cutting potential position it for long-term growth. Occidental can replace reserves at a low cost and is able to leverage existing infrastructure...
Occidental Petroleum Is A Buy Once Again
Occidental Petroleum's impressive 3Q 2024 results include record production of 1.4 million barrels/day and strong FCF of $1.5 billion. The CrownRock acquisition boosts production, with 109k barrels in...
Occidental Petroleum Corporation (OXY) Q3 2024 Earnings Call Transcript
Occidental Petroleum Corporation (OXY) Q3 2024 Earnings Call Transcript
Occidental Petroleum: Forget The Next Quarter
Occidental Petroleum beat third-quarter estimates. TExpansionist monetary policy and low-interest rates may initially boost the stock market, but prolonged policies risk future economic challenges. Oc...
Occidental Announces Third Quarter 2024 Results
HOUSTON, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced its third quarter 2024 financial results. The earnings release and accompanying financial schedules can be accessed vi...
10-12% Yields: The More They Drop, The More I Buy
The market has been soaring lately due to Fed rate cuts, lowered recession fears, and a Republican sweep of the November elections. However, there are still some very compelling high-yield opportuniti...
Occidental Petroleum Set To Release Q3 Earnings: Can It Justify Warren Buffett's Vote Of Confidence?
As Occidental Petroleum Corp OXY gears up to announce its third-quarter earnings on Tuesday after the close, investors are asking: Can the oil giant overcome its stock slump?
How To Earn $500 A Month From Occidental Petroleum Stock Ahead Of Q3 Earnings
Occidental Petroleum Corporation OXY will release earnings results for the third quarter, after the closing bell, on Tuesday, Nov. 12.
Buy The Dip: Big Dividend Growth Stocks Getting Way Too Cheap
High-yield dividend growth stocks have been on a strong run over the past four months. However, there are several that have not participated in the rally and have even dipped sharply in some cases. We...
Analysts Signal Big Upside: Top 3 Stocks To Watch Right Now
Retail investors can have a significant advantage over others by following Wall Street analysts' trends, especially in the way they shift their ratings and price targets for certain stocks. Today, thr...
Occidental Announces Dividend
HOUSTON, Nov. 06, 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 Janua...
Occidental And Warren Buffet Shoot For The Moon In The Permian Basin
Occidental Petroleum Corporation (Oxy) are embarking on a spectacular venture to reduce greenhouse gas (GHG) emissions in the Permian basin. Warren Buffet is riding along, owning 29% of Oxy stock.
Buy 2 October Berkshire DiviDogs And Watch 6 More
This Berkshire/Buffett holdings-list from Kiplinger first-appeared 8/16/24 on BKH's SEC-Form-13F. Kiplinger, and YCharts both track this BRK batch. Here is your update from 10/28/24 YCharts data. 25 o...
Occidental stock at $50: why it's a no-brainer buy
Oil stocks are seeing a decline following an attack from Israel that killed four Iranian soldiers over the weekend. Investors' concerns about global geopolitical instability and the broader repercussi...
Why Warren Buffett Loves Occidental Stock And What It Means For Chevron
Occidental Petroleum Corp. OXY is down 13.4% in 2024 and over 20% in the last 12 months. However, that hasn't seemed to bother Warren Buffett one bit.
2 Stocks to Buy and 1 to Sell - Smart Moves for Investors
Investors tend to watch and emulate some of the best on Wall Street, but there's one issue with this view: Most of the sought-after investors tend to be net buyers of the market. Other entities in the...