Profile
Sector:
EnergyIndustry:
Oil & Gas Equipment & ServicesCountry:
United StatesIPO:
31 December 1981Website:
http://www.oxy.comNext earnings report:
14 February 2025Last dividends:
10 September 2024Next dividends:
10 December 2024Price
after hours | Thu, 21 Nov 2024 00:59:23 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
OXY Latest News
Occidental Petroleum has reached 90% of an important target. Is it the right moment to invest in this oil stock?
Warren Buffett has invested $12.9 billion in a single stock that Wall Street believes could increase by 25%. This significant investment highlights the confidence in that particular stock. Analysts are optimistic about its potential growth.
Occidental has a large area in the Delaware basin and the ability to reduce costs, which sets it up for future growth. The company can replace its reserves affordably and make use of its current infrastructure. While its recent financial results are good, the short-term outlook is careful because of fluctuating oil prices.
The transcript of Occidental Petroleum Corporation's (OXY) earnings call for the third quarter of 2024 is available.
OXY's earnings for the third quarter exceeded expectations. The increase in sales volume helped boost profits, but this was somewhat balanced out by lower prices for commodities.
Occidental Petroleum exceeded expectations for the third quarter. While expansionary monetary policies and low-interest rates can temporarily help the stock market, long-term use of these policies could lead to economic problems later on. The company secured $500 million for its low carbon project, which strengthens its secondary recovery operations and potential for future profits.
Occidental Petroleum (OXY) reported quarterly earnings of $1 per share, which is higher than the Zacks Consensus Estimate of $0.80 per share. This is a decrease compared to earnings of $1.18 per share from the same period last year.
Occidental Petroleum is likely to have strong production in the third quarter because of the assets they have acquired, but the decrease in commodity prices is a worry.
Occidental (OXY) lacks the necessary mix of two important factors that could lead to a strong earnings report in the near future. Be ready for the main expectations.
Occidental Petroleum Corporation (Oxy) is starting an impressive project to cut down greenhouse gas (GHG) emissions in the Permian basin. Warren Buffet is also involved, as he owns 29% of Oxy's shares.
What type of business is Occidental Petroleum?
Occidental Petroleum Corporation is one of the largest American companies in the shale oil and gas extraction industry. It has a global presence and operates through various subsidiaries and affiliates. It was founded in 1920. Currently, Occidental Petroleum Corporation's activities are divided into three segments: - Oil and gas segment – includes operations related to exploration, development, and extraction of oil, liquefied natural gas, and natural gas. - Petrochemical segment – includes operations related to the production and sale of basic chemicals. - Marketing and Midstream – includes operations related to the purchase, processing, storage, sale, and transportation of oil, LNG, natural gas, carbon dioxide, and others.
What sector is Occidental Petroleum in?
Occidental Petroleum is in the Energy sector
What industry is Occidental Petroleum in?
Occidental Petroleum is in the Oil & Gas Equipment & Services industry
What country is Occidental Petroleum from?
Occidental Petroleum is headquartered in United States
When did Occidental Petroleum go public?
Occidental Petroleum initial public offering (IPO) was on 31 December 1981
What is Occidental Petroleum website?
https://www.oxy.com
Is Occidental Petroleum in the S&P 500?
Yes, Occidental Petroleum is included in the S&P 500 index
Is Occidental Petroleum in the NASDAQ 100?
No, Occidental Petroleum is not included in the NASDAQ 100 index
Is Occidental Petroleum in the Dow Jones?
No, Occidental Petroleum is not included in the Dow Jones index
When was Occidental Petroleum the previous earnings report?
No data
When does Occidental Petroleum earnings report?
The next expected earnings date for Occidental Petroleum is 14 February 2025