Brandon Bell Investment Thesis As we enter 2024, Occidental Petroleum Corporation (NYSE:OXY) finds itself at a critical juncture, particularly after its momentous recent decision to acquire CrownRock. This move, a strategic expansion in the Permian basin, significantly shifts OXY's operational dynamics. In our previous analysis, we explored why it's worth waiting for a better entry point and highlighted a discrepancy between OXY's stock price and bottom line performance measures, notably the return on e ...

HOUSTON, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE:OXY) will announce its fourth quarter 2023 financial results after close of market on Wednesday, February 14, 2024, and will hold a conference call to discuss results on Thursday, February 15, 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 ...

HOUSTON, Jan. 11, 2024 (GLOBE NEWSWIRE) -- 1PointFive, a carbon capture, utilization, and sequestration (CCUS) company, and Boston Consulting Group (BCG), one of the world's leading management consulting firms, today announced that BCG agreed to purchase 21,000 metric tons of carbon dioxide removal (CDR) credits over three years from 1PointFive. BCG is collaborating with 1PointFive through consulting services, including to develop business processes that support Direct Air Capture (DAC) CDR credits. The CDR ...

In the latest trading session, Occidental Petroleum (OXY) closed at $58.27, marking a -1.14% move from the previous day. This change lagged the S&P 500's daily gain of 1.41%. Elsewhere, the Dow gained 0.58%, while the tech-heavy Nasdaq added 2.2%.Prior to today's trading, shares of the oil and gas exploration and production company had gained 4.37% over the past month. This has outpaced the Oils-Energy sector's gain of 3.47% and the S&P 500's gain of 2.9% in that time.The investment community will be paying ...

As revealed by Q3 2023 securities filings, legendary investor Warren Buffett increased his holdings in Occidental Petroleum (NYSE: OXY), further solidifying Berkshire Hathaway‘s commitment to the energy giant. With consistent purchases in recent years, Buffett’s conglomerate now commands an impressive stake, nearing 28% of Occidental. Today, on January 8, the company’s shares experienced a notable decline at the market opening, reaching their lowest point in almost a month. What caused OXY’s drop?At the tim ...

The merger wave in the oil patch is continuing in 2024. The latest deal will see APA Corporation (APA -7.35%) acquire fellow oil company Callon Petroleum (CPE 2.88%). That acquisition will enhance APA's scale in the resource-rich Permian Basin. The deal follows the blueprint of leaders ExxonMobil (XOM -0.87%) and Occidental Petroleum (OXY -2.46%), which have made large deals in that same region. Here's a look at the latest oil stock merger and what it means for investors.Drilling down into the dealAPA Corpo ...

Occidental Petroleum (OXY) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this oil and gas exploration and production company have returned +7.3%, compared to the Zacks S&P 500 composite's +3.4% change. During this period, the Zacks Oil and Gas - Integrated - United States industry, which Occidental falls in, has gained 3.3%. The key ...

With oil and gas prices expected to be weighed down by fears of weakening demand as global economies slow, Mizuho analyst Nitin Kumar has downgraded the shares of a number of energy companies on Wednesday.Included in the ratings changes, Kumar cut his ratings on the stocks of Exxon Mobil Corp. XOM, +2.38% and Occidental Petroleum Corp. OXY, +0.57% to neutral from buy. He lowered is stock price targets for Exxon Mobil to $117 from $133 and for Occidental to $63 from $72.“Although OPEC+ continues to be suppor ...

Key PointsBerkshire Hathaway bought a little more OXY after it fell into the Buffett Buy Zone.Cash flow, debt reduction, share repurchases and dividends are the story in play. 2024 should be another solid year despite the decline in oil prices. 5 stocks we like better than Occidental PetroleumThe 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 December and sparked a ...

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 in the past week.Berkshire Hathaway is by far Occidental’s largest shareholder, as Buffett’s investment vehicle now owns 27.7% of Occidental’s outstanding shares. The second-biggest is investment firm Dodge & Cox at 10.3%, according to FactSet data.Occidental’s stock OXY, +2.36% surged 2% in morning trading, to ...