HOUSTON, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE:OXY) announced today that its Board of Directors declared a regular quarterly dividend of $0.22 per share on common stock, payable on April 15, 2024, to stockholders of record as of the close of business on March 8, 2024. On an annual basis, the dividend is $0.88 per share at the new rate, compared to the previous annual rate of $0.72 per share. About Occidental Occidental is an international energy company with assets primarily in the United Stat ...

Occidental Petroleum (OXY) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Fe ...

The esteemed investor Warren Buffett, serving as Chairman of Berkshire Hathaway (NYSE: BRKA, BRKB), has significantly broadened the company’s extensive portfolio through the acquisition of further shares in the Occidental Petroleum Corp (NYSE: OXY).Executed on February 5, the transaction involved acquiring 4,302,324 shares at a trading price of $57.29 each, amounting to $245.9 million. This led to Berkshire Hathaway’s total holdings in the company reaching 248,018,128 shares, filed with SEC.Berkshire Hathaw ...

Occidental CEO Vicki Hollub speaks at the panel dicscussion during the Abu Dhabi International Petroleum Exhibition and Conference held at ADNEC Exhibition Center on October 2, 2023.The oil market will face a supply shortage by the end of 2025 as the world fails to replace current crude reserves fast enough, Occidental CEO Vicki Hollub told CNBC Monday.About 97% of the oil produced today was discovered in the 20th century, she said. The world has replaced less than 50% of the crude produced over the last de ...

Occidental Petroleum (OXY) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this oil and gas exploration and production company have returned -1.9%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Oil and Gas - Integrated - United States industry, which Occidental falls in, has lost 1.2%. The key question now is: What ...

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 ...