Occidental Petroleum Corporation (OXY)
| Market Cap | 47.77B |
| Revenue (ttm) | 27.14B |
| Net Income (ttm) | 3.71B |
| Shares Out | 938.34M |
| EPS (ttm) | 3.84 |
| PE Ratio | 13.25 |
| Forward PE | 15.60 |
| Dividend | $0.88 (1.73%) |
| Ex-Dividend Date | Sep 10, 2024 |
| Volume | 7,539,435 |
| Open | 50.50 |
| Previous Close | 50.50 |
| Day's Range | 50.35 - 50.97 |
| 52-Week Range | 48.42 - 71.19 |
| Beta | 1.61 |
| Analysts | Hold |
| Price Target | 62.47 (+22.71%) |
| Earnings Date | Nov 12, 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, 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 16 analysts, the average rating for OXY stock is "Hold." The 12-month stock price forecast is $62.47, which is an increase of 22.71% from the latest price.
News
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...
Occidental Petroleum says it realized lower prices for oil and gas in Q3
U.S. oil producer Occidental Petroleum on Wednesday flagged lower prices for its oil and gas production in the third quarter, compared to the previous period.
Middle East Conflict Boosts OXY's Gains
Occidental's US oil production surged 13.6% in Q2 2024, sequentially driving total sales volumes up by 7.2%. Realized oil prices increased 5.1% to $79.89 per barrel in Q2, adding $662 million to reven...
Occidental and Humana Are on the Casualty List
October 7, 2024 (Maple Hill Syndicate) –- “I can only buy on train wrecks,” famed money manager John Neffonce said.
Is Occidental Petroleum Corp (OXY) Set to Underperform? Analyzing the Factors Limiting Growth
Long-established in the Oil & Gas industry, Occidental Petroleum Corp (OXY, Financial) has enjoyed a stellar reputation. It has recently witnessed a daily gain of 0.23%, juxtaposed with a three-month ...
Occidental Petroleum: Buy The Dip For Potential Price Appreciation
In my last bullish update, I stated that OXY was still undervalued despite some clear risks tied to the recent CrownRock acquisition and turbulence on the O&G market. From what I can see today, I thin...
Big Oil Urges Trump Not to Gut Biden's Climate Law
Oil companies try to persuade the former president and his Republican allies not to slash provisions of the Inflation Reduction Act potentially worth billions.
Time To Buy 2 September Berkshire DiviDogs And Watch 6 More
This Berkshire/Buffett holdings from Kiplinger first appeared on 8/16/24 on BKH's SEC-Form13F. Kiplinger, YCharts, and Dogs-of-The-Dow all track this BRK batch. Here is your update from 9/30/24 YChart...
Time to Buy? These 3 Stocks Are Trading at 52-Week Lows
When navigating a changing business cycle, such as today's triggered by the Federal Reserve (the Fed) cutting interest rates, investors should focus on fundamentals and keeping a risk-to-reward profil...
Energy Stocks Rise as Oil Jumps on Middle East Tensions
Shares of energy giants, including ExxonMobil (XOM) and Chevron (CVX), are extending gains in premarket trading Wednesday as worries of a broader Middle East conflict lift oil prices.