Occidental Petroleum Corporation's (OXY) shares are currently trading at a premium compared to its Zacks Oil and Gas - Integrated - United States industry. OXY's current trailing 12-month Enterprise Value/Earnings before Interest Tax Depreciation and Amortization (EV/EBITDA) is 5.3X compared with the industry average of 4.51X. It indicates that the company is presently marginally overvalued compared to its industry. Another company operating in this space, ConocoPhillips (COP) , is trading EV/EBITDA of 5.09 ...

The oil company is steadily reducing its reliance on oil and gas. Occidental Petroleum (OXY -1.09%) is one of the country's largest oil and gas producers. It recently increased its exposure to the oil market by acquiring CrownRock in a $12 billion deal. That acquisition will add $1 billion to the company's annual free cash flow, assuming oil prices average around $70 a barrel. Unfortunately for Occidental, crude prices have recently slumped below that level. While lower oil prices will affect the company's ...

You may be shocked by how much stock is needed to generate $1,000 in dividend income from owning shares of Occidental Petroleum.Occidental Petroleum (OXY 0.45%) is one of the largest oil and gas producers in the world.So, how many shares do you need to own to generate $1,000 in dividend income? In the simplest terms, someone would need to own 1,137 shares of Occidental stock. Each share of Occidental pays $0.22 in dividends each quarter, which totals $0.88 per share annually. That means a person who owns 10 ...

Now's a good time to warm up to these stocks that have recently received cold shoulders from investors. Sweater weather is officially here, and as frosty temperatures greet us in the mornings these days, many investors are looking to cozy up to some stocks that are hiding in the bargain bin. With the S&P 500 soaring more than 22% this year, it may seem difficult finding quality stocks that have underperformed in 2024 yet deserve prominent places on investors' buy lists. But that's exactly what Occidental Pe ...

Occidental Petroleum (OXY) closed at $51.58 in the latest trading session, marking a +0.45% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.03%. Elsewhere, the Dow lost 0.61%, while the tech-heavy Nasdaq added 0.56%.Prior to today's trading, shares of the oil and gas exploration and production company had gained 2.89% over the past month. This has outpaced the Oils-Energy sector's loss of 10.96% and the S&P 500's gain of 1.39% in that time.The investment commu ...

Despite what Warren Buffett’s overall reputation might suggest, not all of his stock picks have been winners.In 2024, this fact is showcased by the fortunes of ‘The Oracle of Omaha’s’ sixth-largest bet and second-biggest energy holding, Occidental Petroleum (NYSE: OXY), which is, at press time on October 23, trading near its 2.5-year lows.Indeed, OXY stock – which made up 5.6% of the Buffett portfolio, per the latest 13-f filing – is 13.24% in the red year-to-date (YTD) and an even deeper 17.06% down in the ...

Warren Buffett's Berkshire Hathaway has a significant stake in the oil and gas company. Occidental Petroleum (OXY -0.12%) has struggled over the past several months, and the stock is down 28% from its 52-week high (set in April). The company's significant upstream operations make it susceptible to fluctuations in oil prices, and the recent downward trend in crude-oil prices affected its performance. Despite these challenges, Warren Buffett continues to increase his company's stake in Occidental. Over the pa ...

While the S&P 500 has had a great year, many stocks in the index have struggled. Although the S&P 500 is up nearly 23% this year, 119 stocks in the benchmark index have lost value (as of Oct. 11), and one is the sixth-largest position in Berkshire Hathaway's (BRK.A 0.12%) (BRK.B -0.23%) $300 billion-plus stock portfolio. Berkshire's CEO Warren Buffett and his team of investing lieutenants are some of the best investors in the world. However, they are also long-term investors, so it can take time for some of ...

Berkshire Hathaway is arguably always Buffett's favorite stock. But another stock commands a strong second place. Many investors (including me) have observed that Warren Buffett has built a massive cash stockpile for Berkshire Hathaway (BRK.A -0.25%) (BRK.B 0.03%). Many have also noticed Buffett has been a net seller of stocks for seven consecutive quarters. Does this mean the legendary investor can no longer find any stocks he likes? Not at all. Buffett isn't buying many stocks, but he's still buying some. ...

Company Overview - Occidental Petroleum (Oxy) is an integrated energy company with assets in upstream (oil and natural gas production), midstream (pipelines), and downstream (chemicals and refining) segments, similar to industry giants like ExxonMobil and Chevron [2] - The company's portfolio spans the United States, the Middle East, and North Africa, though its geographic diversification is less extensive compared to larger peers [3] - Oxy has a market capitalization of $50 billion, significantly smaller than Exxon's $550 billion and Chevron's $270 billion [3] Growth Strategy - Oxy is actively pursuing acquisitions to expand its scale and compete with industry giants, as seen in its outbidding of Chevron for Anadarko Petroleum and its recent acquisition of Crown Rock [4][5] - The company aims to grow into one of the top players in the energy industry by acquiring assets similar to those targeted by larger competitors [5] - Acquisitions are particularly meaningful for Oxy due to its smaller size, providing more significant growth opportunities compared to its larger peers [7] Industry Context - The energy industry is transitioning toward cleaner energy sources like solar and wind, but oil and natural gas are expected to remain critical components of the global energy mix for decades [6] - Industry consolidation favors large and efficient operators, positioning companies like Exxon and Chevron as leaders, while Oxy seeks to expand its operating scale through acquisitions [6][7] Competitive Positioning - Oxy's business model mirrors that of Exxon and Chevron, but its smaller size makes it unlikely to fully catch up to these giants, despite its acquisition-focused growth strategy [8] - The company has demonstrated financial prudence by paying down debt and focusing on smaller, more manageable acquisitions, such as Crown Rock, following past missteps like the Anadarko deal [4][7] Investment Perspective - Oxy represents a growth opportunity for investors willing to take on additional risk, as it actively competes with larger industry players through strategic acquisitions [9] - Conservative investors may prefer established giants like Exxon or Chevron, while growth-oriented investors could find value in Oxy's expansion efforts [9]