Occidental Petroleum Corporation (OXY)
| Market Cap | 47.76B |
| Revenue (ttm) | 27.12B |
| Net Income (ttm) | 3.87B |
| Shares Out | 935.18M |
| EPS (ttm) | 4.06 |
| PE Ratio | 12.59 |
| Forward PE | 12.60 |
| Dividend | $0.88 (1.72%) |
| Ex-Dividend Date | Sep 10, 2024 |
| Volume | 7,046,872 |
| Open | 51.23 |
| Previous Close | 51.05 |
| Day's Range | 50.99 - 51.91 |
| 52-Week Range | 49.91 - 71.19 |
| Beta | 1.60 |
| Analysts | Buy |
| Price Target | 71.92 (+40.81%) |
| Earnings Date | Nov 5, 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 14 analysts, the average rating for OXY stock is "Buy." The 12-month stock price forecast is $71.92, which is an increase of 40.81% from the latest price.
News
Big oil companies defeat US consumer lawsuit over production, prices
Several oil companies including Exxon Mobil and Chevron on Monday defeated an appeal by consumers who accused them of colluding with former President Donald Trump's administration, Russia and Saudi Ar...
Occidental Petroleum: Stay Calm And Continue Buying
Occidental Petroleum stock has weakened considerably as it lost the $55 support zone. The lack of recent purchases from Warren Buffett didn't help matters, as OXY's bullish thesis was threatened. Occi...
KKM Financial CEO on Chubb, Occidental, Ulta Beauty, Apple, and Berkshire Hathaway
Jeff Kilburg, KKM Financial founder and CEO, joins CNBC's ‘The Exchange' to discuss his moves on these stocks: Chubb, Occidental, Ulta Beauty, Apple and Berkshire Hathaway.
Has OXY Finally Hit The Bottom?
OXY trades at ~$51, with a target of $60, reflecting an 18% upside, anchored by Fibonacci resistance levels. An RSI of 27.46 signals oversold conditions, potentially undervaluing OXY; no immediate rev...
Occidental Petroleum: I'd Be A Buyer Here
Occidental Petroleum recently declined to multi-year lows when oil prices fell below $70. Current oil prices are the lowest seen since 2021. Most signs (output, demand and others) indicate that if a r...
Occidental Petroleum: Shares Beaten Down, Offer A Compelling Value
Despite weak momentum and bearish technicals, I maintain a buy rating on Occidental Petroleum due to strong fundamentals, high cash flow, and favorable earnings outlook. OXY's Q2 results beat expectat...
Occidental's 1PointFive secures funding of up to $500 mln from US DOE
Occidental Petroleum's carbon capture and sequestration unit 1PointFive said on Thursday that the U.S. Department of Energy's Office of Clean Energy Demonstrations has committed up to $500 million to ...
1PointFive's South Texas Direct Air Capture Hub Awarded U.S. Department of Energy Funding
HOUSTON, Sept. 12, 2024 (GLOBE NEWSWIRE) -- 1PointFive, a wholly owned subsidiary of Occidental, announced today that the U.S. Department of Energy's Office of Clean Energy Demonstrations (OCED) will ...
Occidental (OXY): Warren Buffett's top oil stock gets oversold
Occidental Petroleum (NYSE: OXY) stock price is falling apart. It has crashed in the last four consecutive weeks, moving to its lowest level since April 2022.
Will Buffett's 'put' on oil firm Occidental halt share drop?
Shares in U.S. oil producer Occidental Petroleum fell to $56.17 on Tuesday, below a level that has routinely triggered purchases by its biggest holder, billionaire investor Warren Buffett's Berkshire ...
Occidental Announces Continued Progress on Debt Reduction and Divestiture Initiatives
HOUSTON, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced it has achieved $3 billion in principal debt reduction in the third quarter of 2024, utilizing robust organic cash flo...
Western Midstream: Occidental Sale Is Bullish For Long-Term Investors
Occidental partial sale of WES units is bullish for long-term investors as it makes taking private scenario unlikely. A flurry of new commercial agreements, commissioning of new gas plants, and reduct...
WESTERN MIDSTREAM ANNOUNCES PRICING OF SECONDARY PUBLIC OFFERING OF COMMON UNITS
HOUSTON , Aug. 12, 2024 /PRNewswire/ -- Western Midstream Partners, LP (NYSE: WES) ("WES") announced today the pricing of the previously announced underwritten secondary public offering of 19,000,000 ...
Occidental Announces Launch of Secondary Offering
HOUSTON, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced the launch of an underwritten secondary public offering of 29,560,619 shares of its common stock by CrownRock Holdings...
WESTERN MIDSTREAM ANNOUNCES SECONDARY PUBLIC OFFERING OF COMMON UNITS
HOUSTON , Aug. 12, 2024 /PRNewswire/ -- Western Midstream Partners, LP (NYSE: WES) ("WES") announced today the commencement of an underwritten secondary public offering of 19,000,000 common units repr...
Occidental Petroleum Q2 Earnings Highlights: Warren Buffett Favorite Beats Revenue, EPS Estimates
Oil stock Occidental Petroleum OXY reported second-quarter financial results after market close Wednesday.
Occidental Petroleum posts higher second-quarter profit
Occidental Petroleum reported a rise in second-quarter profit on Wednesday, as the oil and gas firm benefited from higher oil production and crude prices.
Occidental Announces Second Quarter 2024 Results
HOUSTON, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced its second quarter 2024 financial results. The earnings release and accompanying financial schedules can be accessed v...
Stock of the Day: Has The Stage Been Set For Occidental Petroleum To Move Higher?
Occidental Petroleum Corp OXY shares are oversold. They are also at support.
Occidental Announces Termination of Exchange Offer and Consent Solicitation for CrownRock Notes
HOUSTON, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced that it has elected to terminate its previously announced offer to exchange (the “Exchange Offer”) any and all outstan...
Occidental closes $12 billion CrownRock deal
Occidental Petroleum said on Thursday it has closed its $12 billion deal to buy CrownRock.
Occidental Completes Acquisition of CrownRock
HOUSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) announced today that it has closed its acquisition of CrownRock, L.P.
Occidental says Ecopetrol will not buy stake in CrownRock
Occidental Petroleum said on Thursday that Colombian firm Ecopetrol has informed the U.S. oil producer that it has decided to not acquire a stake in the CrownRock assets.
Occidental agrees to sell assets in Texas and New Mexico to Permian Resources for about $818 million
Occidental Petroleum Corp. OXY said Monday it has agreed to sell Delaware Basin assets in Texas and New Mexico to Permian Resources Corp. PR for about $818 million, and said it has separately complete...
Occidental Petroleum to sell some assets for $818 mln to Permian Resources
U.S. oil and gas producer Occidental Petroleum said on Monday it would sell certain Delaware Basin assets in Texas and New Mexico to Permian Resources for about $818 million.