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://dpregister.com/sreg/10189702/fca6e74d6e. Occidental is an international energy company with assets primarily in the United States, the Middle East and North Africa. We are one of the largest oil and gas producers in the U.S., including a leading producer in the Permian and DJ basins, and offshore Gulf o ...

HOUSTON, July 02, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) will announce its second quarter 2024 financial results after close of market on Wednesday, August 7, 2024, and will hold a conference call to discuss the results on Thursday, August 8, 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://dpregister. ...

Taking a look at what the smart money is doing on Wall Street can prove to be a useful exercise for investors. Following the end of each quarter, institutional investors such as hedge funds and wealth management firms are required by the Securities and Exchange Commission (SEC) to file a form called a 13F. It documents all the buying and selling activity from large, sophisticated investors, and provides a glimpse into where meaningful flows of capital are moving. The Oracle of Omaha is following up his purc ...

While there is enough evidence to back up a bullish rotation in the energy sector, what investors need to know today is that they must not let fear of missing out (FOMO) drive their decisions today, as tailgating Buffett's Occidental stock purchase could be a "too late" to follow the moment. Dissecting his reasoning for picking Occidental and not its peers, investors can land on three similar companies to ride today's oil wave. Starting in this leading pack is ConocoPhillips NYSE: COP, sharing some characte ...

Core View - Occidental Petroleum (OXY) has generated significant returns in recent years, with a $10,000 investment three years ago now worth around $22,500, more than doubling in value [1] - The stock's rally is driven by a combination of factors including debt reduction, cash flow growth, dividend resumption, and strategic acquisitions, with potential for further growth [2][4][7] Company Performance - Occidental Petroleum faced challenges post its 2019 acquisition of Anadarko Petroleum, including heavy debt and a stock crash during the 2020 oil price plunge [3] - The company has aggressively repaid debt, consistently grown cash flows, resumed dividend growth in 2021, and raised dividends annually since, leading to a swift turnaround and stock price surge [4] Strategic Moves - Occidental Petroleum is set to acquire CrownRock in a $12 billion deal to expand its presence in the Permian Basin, with plans to further reduce debt and resume share repurchases post-acquisition [7] - The company is one of the most diversified energy firms in the US, with operations spanning upstream, midstream, chemicals, and low-carbon ventures, positioning it for growth [6] Investor Influence - Warren Buffett's Berkshire Hathaway has significantly increased its stake in Occidental Petroleum, reaching 28.2% as of March 31, 2024, making it one of Berkshire's largest holdings [5] - Buffett's backing has been a major factor in the stock's rally, alongside the company's strategic initiatives and diversified business model [6]

Occidental Petroleum (OXY) closed the most recent trading day at $62.44, moving +1.93% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.25%. Elsewhere, the Dow saw an upswing of 0.77%, while the tech-heavy Nasdaq depreciated by 0.79%. The the stock of oil and gas exploration and production company has fallen by 2.23% in the past month, leading the Oils-Energy sector's loss of 5.24% and undershooting the S&P 500's gain of 3.59%. Analysts and investors alike will be keeping ...

Get Exxon Mobil alerts: XLE +1.26 (+1.42%) $98.97 Add to Watchlist XOM However, the XLE ETF's recent dip to its 200-day SMA presents a potential buying opportunity. Three stocks that show promise for investors looking to gain exposure to the sector are Williams Companies, Occidental Petroleum, and Exxon Mobil. Let's delve into the details. Energy Select Sector SPDR Fund Today $89.90 ▼ Assets Under Management $36.88 billion Exxon Mobil Near 200-Day SMA: A Buying Opportunity? Exxon Mobil +0.96 (+0.88%) ▼ Divi ...

Warren Buffett's holding company Berkshire Hathaway has increased its stake in Houston, U.S.-based ... [+] energy company Occidental Petroleum to 28.8%. (Photo: Nati Harnik) Copyright 2018 The Associated Press. All rights reserved. It points to an annualized gain of 7% accompanied by a dividend yield of just under 1.3%. That is hardly anything to get overexcited about. But try telling that to Warren Buffett. The move may be interpreted as Buffett's vote of confidence in traditional energy companies attempti ...

With the latest buy, Berkshire has about 255.3 million shares in Occidental Petroleum, bringing Berkshire's stake to 28.8%. Occidental Petroleum is Berkshire's sixthlargest holding. pourounnummennummunummunummunummunummunummunummunumman was and the world on the world of the world of the world of the world TradingView Warren Buffett's Berkshire Hathaway has boosted its stake in Occidental Petroleum to almost 29%. Berkshire bought Occidental Petroleum shares every trading day from June 5 to June 17, adding a ...

Berkshire has warrants that facilitate the option of buying another 83.9 million common shares for $5 billion, translating to $59.62 per share. Per CNBC, a 2019 deal in which Berkshire helped finance Occidental's acquisition of Anadarko Petroleum provided the aforementioned warrants. OXY Stock Buoyed by Strong Management and Shifting Oil Dynamics Notably, Berkshire also owns $10 billion of preferred shares of OXY stock. Based on CNBC's analysis, a "full redemption of the preferred equity could lift Berkshir ...