Occidental Petroleum Corporation (OXY)

NYSE: OXY · IEX Real-Time Price · USD
64.98
+0.77 (1.21%)
Mar 28, 2024, 3:04 PM EDT - Market open
1.21%
Market Cap 56.91B
Revenue (ttm) 28.92B
Net Income (ttm) 3.77B
Shares Out 879.50M
EPS (ttm) 3.90
PE Ratio 16.54
Forward PE 19.06
Dividend $0.88 (1.35%)
Ex-Dividend Date Mar 7, 2024
Volume 4,265,701
Open 64.67
Previous Close 64.20
Day's Range 64.36 - 65.13
52-Week Range 55.12 - 67.67
Beta 1.65
Analysts Buy
Price Target 69.83 (+7.47%)
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]

Sector Energy
Founded 1920
Employees 12,570
Stock Exchange NYSE
Ticker Symbol OXY
Full Company Profile

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 Statements

Analyst Forecast

According to 14 analysts, the average rating for OXY stock is "Buy." The 12-month stock price forecast is $69.83, which is an increase of 7.47% from the latest price.

Price Target
$69.83
(7.47% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

9 days ago - Yahoo Finance

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...

9 days ago - Yahoo Finance

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...

Other symbols: AXPKO
23 days ago - Morningstar

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.

Other symbols: CVXHES
4 weeks ago - CNBC Television

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.

4 weeks ago - Barrons

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...

Other symbols: WES
5 weeks ago - Reuters

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 ...

5 weeks ago - Reuters

3 Stocks Warren Buffett Is Buying (and 7 He's Selling)

Warren Buffett upped Berkshire Hathaway's holdings in the oil patch and trimmed its Apple stake, among other moves in Q4.

Other symbols: AAPLCVXDHIGLHPQMKLPARA
6 weeks ago - Kiplinger

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.

6 weeks ago - Reuters

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...

6 weeks ago - GlobeNewsWire

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.

6 weeks ago - Schwab Network

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...

7 weeks ago - GlobeNewsWire

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.

7 weeks ago - CNBC

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.

7 weeks ago - CNBC Television

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.

Other symbols: FTNTUNH
2 months ago - Schwab Network

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.

2 months ago - Reuters

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.

2 months ago - Reuters

Occidental to Announce Fourth Quarter Results Wednesday, February 14, 2024; Hold Conference Call Thursday, February 15, 2024

HOUSTON, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) will announce its fourth quarter 2023 financial results after close of market on Wednesday, February 14, 2024, and will hold a confere...

2 months ago - GlobeNewsWire

Apache, Occidental, and Chevron Enter Unpopular Deals

Investment bankers are thrilled with recent oil deals. Investors are not.

Other symbols: CVX
2 months ago - Barrons

Stop buying Exxon Mobil, Occidental Petroleum stocks as oil prices should stagnate, analyst says

With oil and gas prices expected to be weighed down by fears of weakening demand as global economies slow, Mizuho analyst Nitin Kumar has downgraded the shares of a number of energy companies on Wedne...

3 months ago - Market Watch

Warren Buffett's stock picks in 2023, plus what to expect in 2024

Warren Buffett, CEO of Berkshire Hathaway, (BRK-A, BRK-B) enters the new year with over 40 holdings in the company's portfolio—including Occidental Petroleum (OXY), Apple (AAPL), and BYD (BYD). While ...

Other symbols: AAPLBYDDY
3 months ago - Yahoo Finance

Oil and gas stocks sees broad weakness as crude prices fall again

Shares of oil and gas companies were broadly, but lightly, lower in premarket trading Thursday, as crude oil prices fell for a second straight session amid easing Red Sea tensions. The Energy Select S...

Other symbols: CVXKMIMROXLEXOM
3 months ago - Market Watch

Big oil enters 2024 strengthened by U.S. industry consolidation

HOUSTON, Dec 26 (Reuters) - The oil and gas industry went on a $250 billion buying spree in 2023, taking advantage of companies' high stock prices to secure lower-cost r

Other symbols: COPCVXXOM
3 months ago - Reuters

Berkshire Hathaway boosts Occidental Petroleum stake by $5.2M

Warren Buffett's Berkshire Hathaway (BRK-A, BRK-B) purchased $5.2 million more shares of Occidental Petroleum (OXY), boosting its stake to around 28% in the oil & gas producer. The increased investmen...

3 months ago - Yahoo Finance

Warren Buffett boosts his bet on Occidental Petroleum's stock to $15 billion

Warren Buffett's appetite for Occidental Petroleum Corp.'s stock keeps growing, with the billionaire's Berkshire Hathaway Corp. boosting its stake in the oil-and-gas company by more than $300 million ...

3 months ago - Market Watch