Occidental Petroleum Corporation (OXY)
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]
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 StatementsAnalyst 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.
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...
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...
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...
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.
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.
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...
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 ...
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.
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...
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.
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...
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.
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.
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.
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.
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.
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...
Apache, Occidental, and Chevron Enter Unpopular Deals
Investment bankers are thrilled with recent oil deals. Investors are not.
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...
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 ...
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...
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
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...
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 ...