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 ...

Houston-based Occidental Petroleum Corp. (OXY) released its third-quarter results on Nov. 7. The company, which I have been following since 2017, is an integrated oil producer with three major segments, not just oil and gas. The diagram below shows the revenue per segment for the three-month period. In terms of revenue, the oil and gas segment is the largest, accounting for 76.6% of total revenue in the third quarter. It produces oil, natural gas and natural gas liquids in the United States, including the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number 1-9210 _____________________ OCCIDENTAL PETROLEUM CORPORATION (Exact name of registrant as specified in its charter ...

Occidental Petroleum Corporation (NYSE:OXY) Q2 2023 Earnings Conference Call August 3, 2023 1:00 PM ET Company Participants Neil Backhouse - Head of IR Vicki Hollub - President and CEO Rob Peterson - SVP and CFO Richard Jackson - President, Operations, U.S. Onshore Resources and Carbon Management Conference Call Participants Douglas Leggate - BofA Securities Neil Mehta - Goldman Sachs Neal Dingmann - Truist Securities Michael Scialla - Stephens Inc. Roger Read - Wells Fargo Paul Cheng - Scotiabank Scott ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number 1-9210 _____________________ OCCIDENTAL PETROLEUM CORPORATION (Exact name of registrant as specified in its charter) (St ...

Occidental Petroleum Corporation (NYSE:OXY) Q1 2023 Earnings Conference Call May 10, 2023 1:00 PM ET Company Participants Neil Backhouse - Head of IR Vicki Hollub - President and CEO Rob Peterson - SVP and CFO Richard Jackson - President, U.S. Onshore Resources and Carbon Management, Operations Conference Call Participants Neal Dingmann - Truist Securities Neil Mehta - Goldman Sachs Doug Leggate - Bank of America Merrill Lynch John Royall - JPMorgan Paul Cheng - Scotiabank Leo Mariani - ROTH MKM Partners ...