Core Viewpoint - Western Midstream Partners has successfully renegotiated contracts with Occidental Petroleum for natural gas gathering and processing in the Delaware Basin [1] Company Summary - Western Midstream Partners is involved in natural gas gathering and processing operations [1] - The renegotiation of contracts indicates a strategic move to enhance operational efficiency and potentially improve financial performance [1] Industry Summary - The Delaware Basin remains a critical area for natural gas production, and partnerships between midstream companies and producers like Occidental Petroleum are essential for optimizing resource extraction and processing [1]

Financial Performance - Average diluted shares outstanding for Q4 2025 were 1,002.9 million shares[4]. - Average realized oil prices for Q4 2025 were $58.99 per barrel worldwide, with U.S. prices at $58.01 and international prices at $64.68[5]. - Average realized NGL prices were $16.66 per barrel worldwide, with U.S. prices at $15.78 and international prices at $23.78[5]. - Average realized natural gas prices were $1.29 per Mcf worldwide, with U.S. prices at $1.12 and international prices at $1.87[5]. - Worldwide oil prices were 100% of average WTI prices and 94% of average Brent prices[5]. Taxation - Occidental expects an adjusted effective tax rate of 35% to 37% for continuing operations and 24% to 26% for discontinued operations in Q4 2025[3]. Discontinued Operations - Occidental completed the sale of Occidental Chemical Corporation (OxyChem) on January 2, 2026, with results reported as discontinued operations[2]. Forward-Looking Statements - Forward-looking statements include expectations about future earnings, revenue, and operational strategies[6]. - The company emphasizes that actual outcomes may differ from anticipated results due to various economic and operational factors[7]. - The company does not undertake any obligation to update forward-looking statements unless legally required[6].

Core Viewpoint - Western Midstream Partners, LP has renegotiated natural-gas gathering and processing contracts in the Delaware Basin with Occidental Petroleum, transitioning to a fixed-fee structure that enhances drilling economics and supports development in the region [1][4]. Contract Amendments - The legacy cost-of-service structure has been replaced with a simplified fixed-fee structure, supported by acreage dedication, which is expected to align interests and position WES as a standalone midstream enterprise [1][4]. - Approximately 9% of WES's total revenue will remain under cost-of-service rates, with 1% expiring in the late 2020s, while the remaining provisions extend into the mid-to-late 2030s [4]. Financial Implications - The conversion to a fixed-fee structure is not expected to reduce Adjusted EBITDA through 2027, with minimal impact anticipated until 2032 [3]. - Occidental will transfer 15.3 million WES common units to WES, valued at approximately $610 million, resulting in a decrease of Occidental's ownership from 42% to 40% [4][10]. Revenue Diversification - WES has entered into a new agreement with ConocoPhillips for natural-gas volumes, which will reduce related-party revenue by over 10% and further diversify WES's revenue streams [4]. - The new contracts with Occidental and ConocoPhillips will be effective from January 1, 2026, and February 1, 2026, respectively [10]. Management Commentary - The President and CEO of WES emphasized that the transition to a fixed-fee structure is timely and logical, enhancing alignment with producers and diversifying the customer base [5]. - The changes are expected to provide greater clarity and confidence in WES's long-term earnings potential, supporting sustainable returns for stakeholders [5].

格隆汇1月20日｜杰富瑞将西方石油的目标价从44美元下调至42美元。 ...

Core Viewpoint - Occidental Petroleum (OXY) is expected to release its Q4 earnings on February 19, with potential for a dividend per share increase, which could positively impact OXY stock price [1][3]. Dividend Increase Potential - Occidental has consistently raised its dividend per share (DPS) over the last four years, with a 9% annual increase from 88 cents to 96 cents last year [4]. - A conservative estimate suggests a 4.16% increase to $1.00 per share this year, which could elevate the stock value to $50.00, representing a 17% increase from the recent closing price of $42.70 [3][4]. Financial Capability - Analysts project Occidental to earn at least $2.27 per share this year, which would comfortably cover the anticipated dividend increase [5]. - The company's free cash flow (FCF) for the year, as of Q3, was reported at $2.375 billion, with cash dividends paid out amounting to $1.186 billion, resulting in a payout ratio of less than 50% [6][7]. Current Stock Performance - OXY stock currently has an annual dividend yield of 2.248%, with historical averages being lower at 1.12% over five years and 2.18% over the last 12 months [8].

Group 1 - Occidental Petroleum (OXY) is experiencing heightened interest from retail investors, particularly following transactions by Warren Buffett [1] - The company is one of the most-covered stocks in the energy sector, indicating significant market attention and analysis [1] - Daniel Sereda, a chief investment analyst, emphasizes the importance of filtering vast amounts of information to identify critical investment ideas related to Occidental Petroleum [1] Group 2 - The investing group Beyond the Wall Investing provides access to high-quality analysis and insights that institutional market participants prioritize [1]

Texas-based Occidental Petroleum Corporation (OXY) is a globally diversified energy company with operations spanning the United States, the Middle East, and North Africa. It ranks among the largest oil and gas producers in the U.S., with significant positions in the Permian and DJ basins, as well as offshore in the Gulf of America. The company’s midstream and marketing segment supports the transportation and commercialization of its production, while its subsidiary, Oxy Low Carbon Ventures, focuses on deve ...

Occidental Petroleum Corporation (NYSE:OXY) is one of the 12 Best American Energy Stocks to Buy Now. On January 16, Scotiabank slightly reduced its price target on Occidental Petroleum Corporation (NYSE:OXY) from $47 to $46 and maintained its Sector Perform rating on the stock. This change came as part of the firm’s update of price targets for US integrated oil companies, refining companies, and large-cap exploration and production companies under its coverage. Scotiabank believes quarterly earnings will ...

Core Insights - Warren Buffett will retire at age 95 after over 60 years of running Berkshire Hathaway, making a significant investment in OxyChem for $9.7 billion just before his departure [1][2] Group 1: Acquisition Details - Berkshire Hathaway is acquiring OxyChem, a petrochemicals business from Occidental Petroleum, marking its most significant acquisition since 2022 [2] - The acquisition price of $9.7 billion is considered a bargain, with OxyChem being valued at about eight times its projected 2025 EBITDA, especially in a weak chemical industry [3] - OxyChem is a stable cash generator producing essential products like chlorine, caustic soda, and PVC, which are crucial for various industries [4] Group 2: Financial Implications - The structure of the deal benefits both companies, with Occidental Petroleum receiving $9.7 billion in cash, planning to use $6.5 billion to reduce its debt below $15 billion, thus improving its balance sheet [5] - This debt reduction is expected to save Occidental $350 million to $400 million annually in interest payments, enhancing Berkshire's existing 28.2% ownership and providing additional protection against energy price volatility [5]

Group 1 - As of December 2025, Donald Trump's investments in municipal and corporate bonds include bonds from companies related to his government policies, totaling at least $51 million [1] - The bonds purchased include those from Netflix (NFLX.US), CoreWeave (CRWV.US), General Motors (GM.US), Boeing (BA.US), Occidental Petroleum (OXY.US), and United Rentals (URI.US), along with municipal bonds from various U.S. cities, school districts, utilities, and hospitals [1] - Trump completed 189 buy transactions and 2 sell transactions between November 14 and December 29, with the total value of sell transactions reaching at least $1.3 million [1] Group 2 - Since returning to the White House in January 2025, Trump has completed 690 transactions totaling at least $104 million, with further transactions in November and December amounting to $106 million, including three additional sell transactions worth $2 million [2] - A senior White House official stated that Trump and his family did not participate in investment decisions, and an independent financial manager used a recognized index replication investment strategy for bond purchases [2] Group 3 - Unlike previous presidents, Trump has not divested personal assets or placed them in a blind trust, with his business empire managed by his two sons, leading to potential conflicts of interest with presidential policies [3] - During foreign visits, Trump actively promoted Boeing aircraft and highlighted the company's successful sales to international airlines [3] - Trump emphasized General Motors' strategy to move production of popular models back to the U.S., claiming it demonstrates the effectiveness of his tariff policies in revitalizing American manufacturing [3]