Occidental Petroleum Corporation (OXY)
| Market Cap | 48.77B |
| Revenue (ttm) | 27.14B |
| Net Income (ttm) | 3.71B |
| Shares Out | 938.34M |
| EPS (ttm) | 3.84 |
| PE Ratio | 14.23 |
| Forward PE | 16.10 |
| Dividend | $0.88 (1.69%) |
| Ex-Dividend Date | Dec 10, 2024 |
| Volume | 7,744,740 |
| Open | 52.15 |
| Previous Close | 52.30 |
| Day's Range | 51.77 - 52.35 |
| 52-Week Range | 45.17 - 71.19 |
| Beta | 1.59 |
| Analysts | Hold |
| Price Target | 61.19 (+17.74%) |
| Earnings Date | Feb 18, 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 $61.19, which is an increase of 17.74% from the latest price.
News
Final Trade: GOOGLE, OXY & UBER
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Occidental Petroleum: New Sanctions To Boost Oil Markets In 2025
Occidental is conservatively valued, trading below historical multiples, and could outperform in 2025 if new sanctions effectively reduce excess oil supply. Stricter sanctions on Russian and Iranian o...
Warren Buffett Bought These 3 Stocks. Only 2 of Them Are Buys Today
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Occidental Petroleum: A Contrarian Buy
Warren Buffett's Berkshire Hathaway increased its stake in Occidental Petroleum to more than 28% in December. The energy firm company is focused on deleveraging its balance sheet and also maintains hi...
Occidental Petroleum says it realized lower prices for oil in fourth quarter
U.S. shale producer Occidental Petroleum said the prices received for oil production during the fourth quarter were lower than the preceding three months, as global demand for the commodity weakened.
Occidental Petroleum: A Top Buffett Stock On Sale
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Occidental to Announce Fourth Quarter Results Tuesday, February 18, 2025; Hold Conference Call Wednesday, February 19, 2025
HOUSTON, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) will announce its fourth quarter 2024 financial results after close of market on Tuesday, February 18, 2025, and will hold a conferenc...
Oil Be Back! My Top Energy Picks For 2025 And Beyond
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3-Stock Lunch: Alphabet, Snowflake, Occidental
Quint Tatro, Joule Financial founder and president, joins CNBC's 'Power Lunch' to discuss three stocks: Alphabet, Snowflake, and Occidental.
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Occidental Petroleum: Buffett Teaches The Market A Lesson
Warren Buffett's continued investment in Occidental Petroleum highlights a typical great investor's long-term strategy of buying bargains. Great investors like Buffett buy bargains and sell during fav...
Chase Berkshire Hathaway Into More Occidental Petroleum
Berkshire Hathaway's recent purchase increases its stake in Occidental Petroleum Corporation to 28%, highlighting confidence in the company's long-term potential despite oil price volatility. Occident...
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
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The Higher They Soar, The More I Buy
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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...