Occidental Petroleum Corporation (OXY)

NYSE: OXY · IEX Real-Time Price · USD
+2.45 (3.88%)
At close: Sep 27, 2023, 4:00 PM
+0.12 (0.18%)
Pre-market: Sep 28, 2023, 6:31 AM EDT
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]

Industry Oil & Gas E&P
Sector Energy
Founded 1920
Employees 11,973
Stock Exchange NYSE
Ticker Symbol OXY
Full Company Profile

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 Statements

Analyst 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.

Price Target
(5.55% upside)
Analyst Consensus: Buy
Stock Forecasts


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...

Other symbols: GNRCPLTR
13 hours ago - Yahoo Finance

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." -------...

2 days ago - Bloomberg Markets and Finance

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.

Other symbols: COPXOP
7 days ago - Barrons

Oil spikes above $91 on supply concerns

The price of WTI and Brent crude continues to rise as Wall Street traders eye a deeper supply deficits in the fourth quarter after Saudi Arabia and Russia extended supply cuts.

9 days ago - Fox Business

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...

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16 days ago - GlobeNewsWire

Final Trade: OLLI, FL, OXY, ET

The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.

Other symbols: ETOLLI
19 days ago - CNBC Television

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...

Other symbols: EQTXLEXOM
22 days ago - CNBC Television

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.

6 weeks ago - Invezz

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.

6 weeks ago - Investopedia

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.

6 weeks ago - Bloomberg Markets and Finance

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.

6 weeks ago - Reuters

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...

6 weeks ago - GlobeNewsWire

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.

6 weeks ago - GuruFocus

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.

6 weeks ago - Investopedia

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 ...

6 weeks ago - GlobeNewsWire

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.

6 weeks ago - CNBC

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.

7 weeks ago - Reuters

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...

7 weeks ago - Finbold

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...

Other symbols: ADCAXON
7 weeks ago - MarketBeat

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...

Other symbols: USOXLEXOM
7 weeks ago - MarketBeat

Final Trades: AMD, OXY, CAT & EEM

The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.

Other symbols: AMDCATEEM
7 weeks ago - CNBC Television

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.

2 months ago - Yahoo Finance

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.

2 months ago - Reuters

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...

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire