Core Viewpoint - Occidental Petroleum Corporation (OXY) has seen an 18.8% increase in share price over the last two months, outperforming the Zacks Oil and Gas-Integrated-United States industry's growth of 12.2% [1][8]. Group 1: Performance and Market Position - Occidental's share price increase of 18.8% surpasses other industry operators such as ConocoPhillips (COP) and Hess Corporation (HES), which gained 9.6% and 9.8%, respectively [2]. - The company is currently trading above its 50-day simple moving average (SMA), indicating a bullish trend [5]. - Occidental's operational performance is bolstered by its strategic acquisition of CrownRock assets, which has enhanced production and reduced operating costs [10][8]. Group 2: Production and Financial Strategy - Occidental aims to strengthen its balance sheet by reducing short-term debt by $4.5 billion in 2024 and further decreasing outstanding debt by mid-2027 through free cash flow and divestment of non-core assets [11]. - The company projects total production in 2025 to be between 1,390 and 1,440 thousand barrels of oil equivalent per day (Mboe/d), with the Permian Basin contributing approximately 760–786 Mboe/d [12]. - To support growth, Occidental plans to invest between $3.5 billion and $3.7 billion in the Permian Basin in 2025, with a target of drilling 515 to 565 wells by year-end [13]. Group 3: Earnings and Valuation - Occidental has consistently surpassed earnings estimates in the last four quarters, with an average earnings surprise of 24.34% [16]. - However, the Zacks Consensus Estimate for Occidental's earnings per share for 2025 and 2026 has decreased by 26.09% and 27.17%, respectively, over the past 60 days [19]. - The company's shares are currently trading at a premium, with a trailing 12-month Enterprise Value/Earnings before Interest Tax Depreciation and Amortization (EV/EBITDA TTM) of 5.11X compared to the industry average of 4.85X [21]. Group 4: Return on Equity - Occidental's return on equity (ROE) stands at 16.6%, which is slightly below the industry average of 16.89% [25]. Group 5: Summary and Outlook - Despite facing challenges from volatile commodity prices and declining earnings estimates, Occidental's strong domestic operations and strategic acquisitions are expected to support its performance [27].

镍&不锈钢：基本面无明显改善 南华新能源&贵金属研究团队 夏莹莹 投资咨询证号：Z0016569 管城瀚 从业资格证号：F0313867 投资咨询业务资格:证监许可【2011】1290号 沪镍区间预测 菲律宾政府拟于2025年6月禁止镍矿出口 部分不锈钢厂宣布停产减产 成本端镍矿，镍铁企稳支撑 | 价格区间预测 | 当前波动率（20日滚动） | 当前波动率历史百分位 | | --- | --- | --- | | 11.7-12.6 | 15.17% | 3.2% | source： 南华研究,wind 沪镍管理策略 | 行为 导向 | 情景分析 | 策略推荐 | 套保工具 | 买卖方向 | | 套保比例 策略等级（满 分5） | | --- | --- | --- | --- | --- | --- | --- | | 库存 管理 | 产品销售价格下跌，库存有减 值风险 | 根据库存水平做空沪镍期货来锁定利 润，对冲现货下跌风险 | 沪镍主力合约 | 卖出 | 60% | 2 | | | | 卖出看涨期权 | 场外/场内期权 | 卖出 | 50% | 2 | | 采购 | 公司未来有生产采购需求，担 | 根 ...

HOUSTON, May 12, 2025 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify,” the “Company,” “us,” or “our”) announced today its operating and financial results for the first quarter of 2025 and updated full-year 2025 guidance for the Company. Beta Development Program Update Amplify initiated a development drilling program in the prolific Beta oilfield in 2024 to demonstrate the significant upside potential of the asset and generate strong incremental cash flows for the Company, with results to da ...