Occidental Petroleum Corporation (OXY)
| Market Cap | 52.40B |
| Revenue (ttm) | 29.72B |
| Net Income (ttm) | 4.47B |
| Shares Out | 877.58M |
| EPS (ttm) | 4.59 |
| PE Ratio | 13.01 |
| Forward PE | 12.38 |
| Dividend | $0.72 (1.21%) |
| Ex-Dividend Date | Dec 7, 2023 |
| Volume | 5,890,607 |
| Open | 60.00 |
| Previous Close | 59.97 |
| Day's Range | 59.55 - 60.30 |
| 52-Week Range | 55.12 - 67.93 |
| Beta | 1.64 |
| Analysts | Buy |
| Price Target | 70.00 (+17.23%) |
| Earnings Date | Feb 26, 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, 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]
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 StatementsAnalyst Forecast
According to 17 analysts, the average rating for OXY stock is "Buy." The 12-month stock price forecast is $70.0, which is an increase of 17.23% from the latest price.
News
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...
Buffett keeps buying Occidental Petroleum, should you?
The price action in Occidental Petroleum NYSE: OXY has been range-bound for the last two years and may not break out of the range soon. However, the stock retreated to the low end of the range in Dece...
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 ...
What makes Occidental Petroleum so unique to warrant a 28% stake by Berkshire?
Occidental Petroleum Corporation (NYSE:OXY) has been on the news lately. This was after Berkshire Hathaway Inc. (NYSE:BRK.A) increased its holding to about 28% of OXY.
Drilling Into Occidental Petroleum's CrownRock Acquisition
Houston-based Occidental Petroleum Corp. (OXY) released its third-quarter results on Nov. 7.
Occidental's Hollub: We didn't need Berkshire's help with CrownRock deal
Occidental Petroleum CEO Vicki Hollub tells CNBC the oil giant "didn't need" Berkshire Hathaway's help to finance its $12B acquisition of CrownRock.
Warren Buffett Steps Up Occidental Petroleum Bet After CrownRock Deal
Warren Buffett's Berkshire Hathaway Inc. (BRK.A), (BRK.B) conglomerate further increased its stake in Occidental Petroleum Corp. (OXY) this week after the company acquired shale driller CrownRock L.P.
Stock Movers: Snapchat is up 91% this year, and Berkshire buys more Occidental Petroleum
Snapchat hitting a 52-week high, and Berkshire is buying more Occidental Petroleum. The Investment Committee debates these moves.
Buffett just loaded up on shares of Occidental Petroleum: should you too?
Occidental Petroleum Corp (NYSE: OXY) is up 4.0% today following news that Warren Buffett increased his stake further in the oil producer this week. Buffett now has a 27% stake in Occidental Petroleum...
Warren Buffett's Berkshire Hathaway raises stake in Occidental Petroleum
Warren Buffett's Berkshire Hathaway (BRK-A, BRK-B) purchased an additional $590 million worth of Occidental Petroleum (OXY) shares. It comes after Occidental announced it is acquiring CrownRock in a $...
Buffett's Berkshire buys more Occidental in endorsement of Permian Basin-related purchase
The share purchases signal that Warren Buffett has confidence in Occidental's decision to acquire CrownRock, a privately held producer in the Permian Basin.
Berkshire Hathaway ups its Occidental Petroleum stake by nearly $600M
Berkshire Hathaway Inc. BRK.A, +1.19% BRK.B, +0.56%, the conglomerate controlled by billionaire Warren Buffett, acquired about10.5 million shares of Occidental Petroleum Corp. OXY, +3.01% stock valued...
Berkshire Hathaway bought more Occidental stock on day of CrownRock deal
Warren Buffett's Berkshire Hathaway bought stock in Occidental Petroleum on the same day the oil producer announced a $12 billion deal.
Berkshire Buys More Occidental Stock, Signaling Confidence in CrownRock Purchase
Warren Buffett's conglomerate upped its stake in the oil stock to about 27%.
Dunn Deal: Texas Oilman Eyes $2 Billion Payday In Sale To Occidental
Consolidation continues in the Permian basin, as Occidental Petroleum OXY agreed Monday to acquire CrownRock for $12 billion. It will be a big payday for Midland, Texas oilman Tim Dunn, cofounder of C...
Occidental has a number of sellable assets to fund a $12B deal for CrownRock, says Truist's Dingmann
Neal Dingmann, managing director of energy research at Truist, joins 'Power Lunch' to discuss Occidental's proposed deal with CrownRock for $12 billion, why Occidental needs to reduce debt, and more.
Why Occidental Petroleum Is Spending $12 Billion To Buy CrownRock
With a $12 billion price tag, Occidental Petroleum Corp.'s (OXY) deal to buy Midland, Texas-based oil and gas producer CrownRock L.P, is essentially a move to expand the company's reach in the Permian...
Occidental Buying Oil Driller CrownRock for $10.8 Billion
Occidental Petroleum Corp. agreed to acquire Texas shale driller CrownRock LP in a cash-and-stock deal valued at about $10.8 billion as consolidation heats up in North America's most-prolific oil basi...
Permian Merger Mania Enters A New Phase With Occidental's Latest Deal
Occidental Petroleum OXY (Oxy) said Monday it would acquire the assets of privately held CrownRock in a stock-and-cash deal valued at $12 billion. The acquisition adds more than 1700 new potential loc...
Occidental Petroleum acquiring CrownRock for $12B
Energy giant Occidental Petroleum (OXY) is acquiring privately-held oil and gas producer CrownRock in a cash-and-stock deal worth $12 billion. The companies expect the deal to close in the first quart...
Occidental Petroleum CEO on $12B CrownRock deal: Provides scale to our Midland Basin operation
Occidental Petroleum CEO Vicki Hollub joins 'Squawk Box' to discuss the company's deal to buy Permian producer CrownRock for $12 billion, and more.
Occidental Petroleum is buying CrownRock for $12 billion
CrownRock is in focus this morning after Occidental Petroleum Corp (NYSE: OXY) said it will buy the energy producer for about $12 billion. Details of Occidental-CrownRock deal The hydrocarbon explorat...