The most recent trading session ended with Occidental Petroleum (OXY) standing at $58.22, reflecting a -0.31% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 0.76%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 1.12%.Shares of the oil and gas exploration and production company have depreciated by 2.19% over the course of the past month, outperforming the Oils-Energy sector's loss of 2.82% and lagging the S&P 500's g ...

Kevin Dietsch Intro & Thesis I have written 5 articles on Occidental Petroleum Corporation (NYSE:OXY) stock since becoming an active analyst on Seeking Alpha, but unfortunately for me, the stock has remained flat since early last year when I became bullish. Seeking Alpha, the author's coverage of OXY stock In many respects, this underperformance of the stock can be explained by a negative background: The overall energy sector (XLE) has shrunk by 4.26% over the past year, while the S&P 500 Index represented ...

Warren Buffett's company, Berkshire Hathaway, has been buying shares of oil giant Occidental Petroleum (OXY -0.09%) hand over fist. Berkshire currently owns nearly 28% of Occidental's outstanding shares (and has regulatory approval to buy up to half the company). At 3.8% of its investment portfolio, it's Berkshire's sixth-largest stock holding.However, while Buffett and his team clearly love Occidental, that doesn't mean it's the best oil stock for everyone. Chevron (CVX 0.30%), EnLink Midstream (ENLC -2.28 ...

Within the oil patch, Occidental Petroleum (OXY) garners plenty of attention these days, even though oil prices have calmed down. Therefore, today's column showcases a long call calendar spread trade in OXY stock.X Active traders and investors are pushing prices in the broad indexes to all time highs as we awaited positive Univ. of Michigan sentiment readings reported earlier this morning. It is likely that we test support levels and areas of price congestion in the general stock market before the next leg ...

Occidental Petroleum (OXY) ended the recent trading session at $56.22, demonstrating a -0.71% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.56%. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq decreased by 0.59%.Shares of the oil and gas exploration and production company have depreciated by 6.1% over the course of the past month, underperforming the Oils-Energy sector's loss of 2.83% and the S&P 500's ...

Occidental Petroleum (OXY) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this oil and gas exploration and production company have returned -6.1%, compared to the Zacks S&P 500 composite's +1.2% change. During this period, the Zacks Oil and Gas - Integrated - United States industry, which Occidental falls in, has lost 4.1%. The key question now is ...

Announced during the World Economic Forum's Annual Meeting, the purchase furthers Trafigura's climate strategy to address emissions associated with the supply of energy and commodities DAVOS, Switzerland, and HOUSTON, Jan. 16, 2024 (GLOBE NEWSWIRE) -- 1PointFive, a carbon capture, utilization and sequestration (CCUS) company, and Trafigura, a market leader in the global commodities industry, today announced that Trafigura has agreed to purchase carbon dioxide removal (CDR) credits to be produced from 1Point ...

While investing, identifying millionaire-maker stocks with the potential for explosive growth is akin to gazing at stars in the daylight. Our millionaire blueprint unfolds with three stocks primed to skyrocket in the next market surge.In the heart of the energy sector, the first one emerges as a powerhouse, exceeding production targets, reducing costs and pioneering direct air capture technology. Meanwhile, the second one dominates the digital realm, showcasing robust growth with a strategic evolution from ...

Shares of Occidental Petroleum (OXY 1.63%) slumped 5.2% in 2023, according to data provided by S&P Global Market Intelligence. That wouldn't have been such a bad decline if the S&P 500 hadn't been up 24.3% for the year. The main factor weighing on the oil stock was crude prices. Last year would have likely been much better for Occidental's investors if it hadn't been for lower oil prices. Oil prices blurred a strong year for the oil companyCrude prices took a breather last year, slumping more than 10%. That ...

Everyone can learn from legendary investor Warren Buffett. CEO of Berkshire Hathaway and titan of the investing industry for decades, Buffett is a role model for many investors with his value-oriented philosophies. Putting up market-beating returns since the 1950s -- yes, that's right, the 1950s -- he has earned the moniker, "Oracle of Omaha."It can pay to track what Buffett is buying for his investment portfolio at Berkshire Hathaway. He recently made a big bet on U.S. energy stocks, with Occidental Petrol ...