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Occidental Petroleum: Buy The Dip For Potential Price Appreciation
Seeking Alpha· 2024-10-07 11:09
Now you can get access to the latest and highest-quality analysis of recent Wall Street buying and selling ideas with just one subscription to Beyond the Wall Investing ! There is a free trial and a special discount of 10% for you. Join us today! I initiated coverage of Occidental Petroleum Corporation (NYSE: OXY ) stock 2 years ago with a "Hold" rating, which I upgraded to "Buy" in a few months after that initiation. Unfortunately for my bullish thesis, the stock Daniel Sereda is chief investment analyst a ...
Why Occidental Petroleum (OXY) Outpaced the Stock Market Today
ZACKS· 2024-10-04 22:56
Occidental Petroleum (OXY) ended the recent trading session at $55.76, demonstrating a +1.77% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.9% gain on the day. Meanwhile, the Dow experienced a rise of 0.81%, and the technology-dominated Nasdaq saw an increase of 1.22%. Shares of the oil and gas exploration and production company witnessed a gain of 1.95% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 5.22% and the S&P 500's g ...
Is Occidental Petroleum Corp (OXY) Set to Underperform? Analyzing the Factors Limiting Growth
Gurufocus· 2024-10-04 15:02
Long-established in the Oil & Gas industry, Occidental Petroleum Corp (OXY, Financial) has enjoyed a stellar reputation. It has recently witnessed a daily gain of 0.68%, juxtaposed with a three-month change of -11.28%. However, fresh insights from the GF Score hint at potential headwinds. Notably, its diminished rankings in financial strength, growth, and valuation suggest that the company might not live up to its historical performance. Join us as we dive deep into these pivotal metrics to unravel the evol ...
Occidental to Announce Third Quarter Results Tuesday, November 12, 2024; Hold Conference Call Wednesday, November 13, 2024
GlobeNewswire News Room· 2024-10-01 20:15
HOUSTON, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) will announce its third quarter 2024 financial results after close of market on Tuesday, November 12, 2024, and will hold a conference call to discuss the results on Wednesday, November 13, 2024, at 1 p.m. Eastern/12 p.m. Central. The conference call may be accessed by calling 1-866-871-6512 (international callers dial 1-412-317-5417) or via webcast at oxy.com/investors. Participants may pre-register for the conference call at https://dpregis ...
Occidental Petroleum: $500 Million For Lower Carbon Venture
Seeking Alpha· 2024-10-01 16:36
I analyze oil and gas companies like Occidental Petroleum and related companies in my service, Oil & Gas Value Research, where I look for undervalued names in the oil and gas space. I break down everything you need to know about these companies -- the balance sheet, competitive position and development prospects. This article is an example of what I do. But for Oil & Gas Value Research members, they get it first and they get analysis on some companies that is not published on the free site. Interested? Sign ...
Is Occidental Petroleum Stock (OXY) Nearing Buy Support?
See It Market· 2024-10-01 03:29
It is no secret that Warren Buffet, who has sold a lot of shares in Bank of America and Apple, continues to hold Occidental Petroleum. With the most recent $435 million purchase in June, Berkshire Hathaway now owns about 28.8% of shares outstanding Buffett wrote, "We particularly like its vast oil and gas holdings in the United States, as well as its leadership in carbon-capture initiatives." We do not follow anyone blindly, but there are a few reasons why we are now looking at Occidental OXY. Sign up for o ...
Occidental Petroleum (OXY) Laps the Stock Market: Here's Why
ZACKS· 2024-09-30 23:06
The most recent trading session ended with Occidental Petroleum (OXY) standing at $51.54, reflecting a +1% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily gain of 0.42%. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq gained 0.38%. Heading into today, shares of the oil and gas exploration and production company had lost 10.44% over the past month, lagging the Oils-Energy sector's loss of 2.47% and the S&P 500's gain of 2.06% in that time. Investors wil ...
Occidental Petroleum: Strong Growth Value
Seeking Alpha· 2024-09-27 07:08
Occidental Petroleum (NYSE: OXY ) is a well-run energy company with considerable organic and acquisitiondriven production upside. The energy firm is growing its operational footprint and using excess cash flow to repay its debt, leading to a leaner balance sheet and more Analyst's Disclosure: I/we have a beneficial long position in the shares of OXY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation fo ...
Occidental Stock Dips 15.8% in a Year: How Should You Play?
ZACKS· 2024-09-25 16:31
Occidental Petroleum's (OXY) share price has dropped 15.8% in the trailing twelve months compared with its industry's decline of 7.2%. OXY exposure to fluctuating market prices of commodities remains a concern. As of Dec. 31, 2023, there were no active commodity hedges in place, so if the commodity prices drop substantially, it can adversely impact Occidental's performance. The company has issued $5 billion of senior unsecured notes to fund the cash consideration of the CrownRock acquisitions. A huge increa ...
1 No-Brainer Oil Stock to Buy Right Now for Less Than $500
The Motley Fool· 2024-09-25 10:45
This Warren Buffett stock is begging for your attention. Warren Buffett knows a thing or two about oil stocks. And while his track record hasn't been perfect, betting alongside one of the best investors of all time is a wise strategy for making money over the long term. Lately, Buffett has been loading up on one oil stock in particular. Last quarter, he increased his position in it by more than 7 million shares. So if you're on the hunt for oil stocks with attractive long-term upside, this one is worth cons ...