Occidental Petroleum Corporation (OXY)
| Market Cap | 58.04B |
| Revenue (ttm) | 31.82B |
| Net Income (ttm) | 5.86B |
| Shares Out | 884.68M |
| EPS (ttm) | 5.91 |
| PE Ratio | 11.10 |
| Forward PE | 15.17 |
| Dividend | $0.72 (1.10%) |
| Ex-Dividend Date | Sep 7, 2023 |
| Volume | 10,365,889 |
| Open | 64.50 |
| Previous Close | 63.15 |
| Day's Range | 64.15 - 65.91 |
| 52-Week Range | 55.51 - 76.11 |
| Beta | 1.79 |
| Analysts | Buy |
| Price Target | 69.24 (+5.55%) |
| Earnings Date | Nov 7, 2023 |
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, North Africa, and Latin America. 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, chlorina... [Read more]
Financial Performance
In 2022, OXY's revenue was $37.10 billion, an increase of 40.97% compared to the previous year's $26.31 billion. Earnings were $12.50 billion, an increase of 721.55%.
Financial StatementsAnalyst Forecast
According to 17 analysts, the average rating for OXY stock is "Buy." The 12-month stock price forecast is $69.24, which is an increase of 5.55% from the latest price.
News
Occidental Petroleum, Palantir, Generac: Stock news September 27, 2023
Occidental Petroleum (OXY) shares close higher on Wednesday after Bank of America analysts raise their price target on the stock to $82. Palantir (PLTR) has won a $250 million services contract relate...
Oxy CEO Hollub on Oil Price, Production, Carbon Capture
Oxy President and CEO Vicki Hollub discusses the outlook for oil prices, energy production, and Amazon.com's carbon removal investment in a project operated by her firm on "Bloomberg Markets." -------...
Oil Is Soaring. Why the Stocks Have Stalled, and How Investors Can Take Advantage.
Brent crude futures, the international benchmark, have jumped over the past month to a recent $93 per barrel.
1PointFive and Amazon Announce 10-year Carbon Removal Credit Purchase Agreement
The 250,000-metric-ton Direct Air Capture credit removal purchase is the technology industry's largest agreement with 1PointFive The 250,000-metric-ton Direct Air Capture credit removal purchase is th...
Final Trade: OLLI, FL, OXY, ET
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Decarbonizing has tremendous growth potential for energy infrastructure, says Tortoise's Rob Thummel
Rob Thummel, Tortoise Ecofin senior portfolio manager, joins 'Squawk on the Street' to discuss rising energy oil prices due to the output cut extension, oil prices influencing energy investment decisi...
Occidental Petroleum just bought Carbon Engineering for $1.1 billion
Occidental Petroleum Corp (NYSE: OXY) just announced plans of buying Carbon Engineering for about $1.1 billion. Its shares are down 2.0% at writing.
Occidental Petroleum to Acquire Carbon Capture Technology Supplier for $1.1 Billion
Occidental Petroleum will purchase tech firm Carbon Engineering Ltd. for $1.1 billion with plans to build 100 plants, using incentives from the government to combat climate change.
Buffett-Backed Occidental Petroleum to Buy Carbon Capture Startup
Houston-based Occidental Petroleum Corp., which is backed by billionaire investor Warren Buffett, has agreed to buy Canadian startup Carbon Engineering Ltd. for $1.1 billion.
Occidental Petroleum to buy Carbon Engineering for $1.1 bln
U.S. oil and gas producer Occidental Petroleum said on Tuesday it would acquire carbon-capture technology provider Carbon Engineering for a total cash consideration of approximately $1.1 billion.
Occidental Enters into Agreement to Acquire Direct Air Capture Technology Innovator Carbon Engineering
Integration of Occidental's operations experience and Carbon Engineering's technology improves cost and capital efficiencies, and enables Occidental to catalyze broader partnerships for DAC deployment...
Prem Watsa Piles Into Occidental Petroleum
Billionaire investor Prem Watsa (Trades, Portfolio), the leader of Fairfax Financial Holdings ( TSX:FFH , Financial), disclosed his second-quarter equity portfolio earlier this week.
Occidental Petroleum Shares Climb After Winning DOE Grant for Carbon Capture Project
Shares of Occidental Petroleum advanced after the U.S. Department of Energy chose the energy company to receive hundreds of millions of dollars in grants for a carbon capture project.
1PointFive Selected for U.S. Department of Energy Grant to Develop South Texas Direct Air Capture Hub
HOUSTON, Aug. 11, 2023 (GLOBE NEWSWIRE) -- 1PointFive, a wholly owned subsidiary of Occidental, announced today it was selected to receive a grant from the U.S. Department of Energy's Office of Clean ...
Occidental and Climeworks big winners as Biden allocates billions for CO2 removal
The U.S. Department of Energy is investing $1.2 billion in giant vacuums that suck carbon out of the air--an effort to slow global warming.
Occidental Petroleum appoints Sunil Mathew as CFO
Oil and gas producer Occidental Petroleum said on Wednesday it appointed company veteran Sunil Mathew as its new chief financial officer.
Here's how much copy-trading Warren Buffett's portfolio yielded in 2023
Warren Buffett, renowned as the Oracle of Omaha, stands as a titan in the world of finance. His astute investment strategies and unparalleled insights have elevated him to the status of one of the mos...
3 Stocks to Buy After Heavy Insider Buying
Many investors are motivated to sell a stock when they notice that company insiders are dumping their shares. However, company insiders can sell a stock for many reasons, and many of those have nothin...
Three Ways To Play The Rise In Oil Prices
Oil prices NYSEARCA: USO are on the rise and likely heading higher. The Saudis and Russia are working together with voluntary production cuts to keep the supply/demand balance tilted firmly in favor o...
Final Trades: AMD, OXY, CAT & EEM
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Shopify, Robinhood, Occidental Petroleum, Etsy, DoorDash: After-hours movers
Yahoo Finance Live's Seana Smith examines the stock action surrounding several companies trending in the after-hours trading session.
Occidental Petroleum profit slumps 83% on lower energy prices
Occidental Petroleum Corp on Wednesday reported an 83% slump in second-quarter profit, hit by lower oil and gas prices.
Occidental Announces Second Quarter 2023 Results
HOUSTON, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced its second quarter 2023 financial results. The earnings release and accompanying financial schedules can be accessed v...
ANA Announces Carbon Dioxide Removal Purchase from 1PointFive
HOUSTON, Aug. 01, 2023 (GLOBE NEWSWIRE) -- All Nippon Airways (ANA), Japan's largest and 5-Star airline for 10 consecutive years, today announced a CDR credit purchase agreement with 1PointFive, a car...