Occidental Petroleum Corporation (OXY)

NYSE: OXY · IEX Real-Time Price · USD
62.86
-0.52 (-0.82%)
At close: May 16, 2024, 4:00 PM
62.80
-0.06 (-0.10%)
Pre-market: May 17, 2024, 7:34 AM EDT
-0.82%
Market Cap 55.86B
Revenue (ttm) 27.67B
Net Income (ttm) 3.51B
Shares Out 886.64M
EPS (ttm) 3.65
PE Ratio 17.22
Forward PE 14.08
Dividend $0.88 (1.40%)
Ex-Dividend Date Jun 10, 2024
Volume 4,253,953
Open 63.37
Previous Close 63.38
Day's Range 62.72 - 63.57
52-Week Range 55.12 - 71.19
Beta 1.66
Analysts Hold
Price Target 71.69 (+14.05%)
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 15 analysts, the average rating for OXY stock is "Hold." The 12-month stock price forecast is $71.69, which is an increase of 14.05% from the latest price.

Price Target
$71.69
(14.05% upside)
Analyst Consensus: Hold
Stock Forecasts

News

4 Stocks Warren Buffett Is Buying (and 6 He's Selling)

Warren Buffett's Berkshire Hathaway initiated a big stake in Chubb and dumped HPQ, among other moves.

18 hours ago - Kiplinger

Occidental says CrownRock deal could close by August

Occidental Petroleum Chief Executive Vicki Hollub on Wednesday said the company hopes to close the acquisition of shale oil producer CrownRock before the second-quarter earnings call, which typically ...

8 days ago - Reuters

Occidental Petroleum beats quarterly profit estimates on higher oil prices

Occidental Petroleum beat estimates for first-quarter profit on Tuesday as the oil-and-gas firm benefited from higher oil prices.

9 days ago - Reuters

Occidental Announces First Quarter 2024 Results

HOUSTON, May 07, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced its first quarter 2024 financial results. The earnings release and accompanying financial schedules can be accessed via...

9 days ago - GlobeNewsWire

Disney, Uber, Occidental, Palantir, Airbnb, and More to Watch

Earnings season continues with results from BioNTech, Palantir, Ferrari, NRG Energy, Occidental, Walt Disney, and more.

Other symbols: ABNBDISPLTRUBER
11 days ago - Barrons

Occidental Announces Dividend

HOUSTON, May 01, 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 July 1...

15 days ago - GlobeNewsWire

XOM, CVX, OXY: Where Are Energy Stocks Headed?

Truist has a buy rating on Exxon Mobil (XOM) and Occidental Petroleum (OXY). Neal Dingmann discusses energy stocks.

Other symbols: CVXXOM
5 weeks ago - Schwab Network

Occidental to Announce First Quarter Results Tuesday, May 7, 2024; Hold Conference Call Wednesday, May 8, 2024

HOUSTON, April 02, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) will announce its first quarter 2024 financial results after close of market on Tuesday, May 7, 2024, and will hold a conference call...

6 weeks ago - GlobeNewsWire

Energy stocks rise after crude oil prices touch five-month highs

Francisco Blanch, BofA Securities head of global commodity and derivatives research, joins 'The Exchange' to discuss what's driving energy prices, geopolitical impacts on energy supply and demand, and...

Other symbols: COPCVXXLEXOM
6 weeks ago - CNBC Television

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...

2 months 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...

2 months 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
2 months 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
2 months 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.

2 months 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
3 months 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 ...

3 months ago - Reuters

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.

3 months 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...

3 months 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.

3 months 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...

3 months 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.

3 months 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.

3 months 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
3 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.

4 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.

4 months ago - Reuters