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 ...

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 ...