Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, Africa, and Latin America It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing.
infoOccidental Petroleum is a large cap stock with a total market cap of 55.13B.
infoThey trade on the NYSE and had their IPO 41 years and 7 months ago.
infoOccidental Petroleum currently employs 11973 people.
infoAs of Wednesday, Aug 23 2023, Occidental Petroleum’s share price is $61.82.
News Relating to Occidental Petroleum
InvestorPlace
7 Stocks Warren Buffett is Buying Hand Over Fist
Wednesday Aug 23 2023 at 16:38
Warren Buffett has a knack for finding great companies selling at bargain levels. He’s consistently picked winners for years by targeting quality stocks when they hit a rough patch.
Zacks Investment Research
Occidental (OXY) Benefits From Investments and Acquisitions
Monday Aug 21 2023 at 12:47
Occidental’s (OXY) ongoing investment and high-quality assets are likely to have a positive impact on growth. However, stringent regulation and global competition pose concerns.
MarketBeat
Buffett Just Bought These 3 Stocks, Should You Invest Too?
Monday Aug 21 2023 at 08:06
It’s that time once more! The period when the main street gains an insider’s perspective into the actions of some of the highest-performing hedge funds and renowned investors.
InvestorPlace
The 3 Most Undervalued Oil Stocks to Buy Now: August 2023
Monday Aug 21 2023 at 06:42
Oil stocks have been subdued in the last few quarters. This does not come as a surprise with Brent oil trending lower after making a higher of $120 in 2022.
The Motley Fool
Warren Buffett’s Biggest Second-Quarter Buy Wasn’t Homebuilders, Occidental, or Capital One — It Was This Top-Performing Stock
Monday Aug 21 2023 at 05:21
Despite being a net-seller of equities since October 2022, Buffett and his team selectively purchased a handful of stocks in the second quarter. Warren Buffett’s biggest buy in the June-ended quarter won’t be found on Berkshire Hathaway’s quarterly 13Fs.
Zacks Investment Research
4 Sectors Warren Buffett Binges On: ETFs in Focus
Friday Aug 18 2023 at 15:34
Billionaire investor Warren Buffett is known for his value investing style. He has invested mainly in these stocks.
Zacks Investment Research
Occidental Petroleum Corporation (OXY) is Attracting Investor Attention: Here is What You Should Know
Friday Aug 18 2023 at 10:19
Occidental (OXY) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock’s prospects.
The Motley Fool
This Top Warren Buffett Stock Is Making a $1.1 Billion Bet to Capture a Potentially Massive Opportunity (and Maybe Save the Planet in the Process)
Thursday Aug 17 2023 at 07:11
Carbon Engineering makes the technology to support direct air capture of carbon emissions. The deal will enhance the oil giant’s opportunity in the potentially massive carbon-capture business.
Invezz
Occidental Petroleum just bought Carbon Engineering for $1.1 billion
Wednesday Aug 16 2023 at 16:39
Occidental Petroleum Corp (NYSE: OXY) just announced plans of buying Carbon Engineering for about $1.1 billion. Its shares are down 2.0% at writing.
Investopedia
Occidental Petroleum to Acquire Carbon Capture Technology Supplier for $1.1 Billion
Wednesday Aug 16 2023 at 10:10
Occidental Petroleum will purchase tech firm Carbon Engineering Ltd. for $1.1 billion with plans to build 100 plants, using incentives from the government to combat climate change.
Bloomberg Markets and Finance
Buffett-Backed Occidental Petroleum to Buy Carbon Capture Startup
Tuesday Aug 15 2023 at 19:24
Houston-based Occidental Petroleum Corp., which is backed by billionaire investor Warren Buffett, has agreed to buy Canadian startup Carbon Engineering Ltd. for $1.1 billion.
Reuters
Occidental Petroleum to buy Carbon Engineering for $1.1 bln
Tuesday Aug 15 2023 at 16:28
U.S. oil and gas producer Occidental Petroleum said on Tuesday it would acquire carbon-capture technology provider Carbon Engineering for a total cash consideration of approximately $1.1 billion.
GuruFocus
Prem Watsa Piles Into Occidental Petroleum
Tuesday Aug 15 2023 at 15:31
Billionaire investor Prem Watsa (Trades, Portfolio), the leader of Fairfax Financial Holdings ( TSX:FFH , Financial), disclosed his second-quarter equity portfolio earlier this week.
InvestorPlace
3 Investments Warren Buffett Is Making That You Should Too
Tuesday Aug 15 2023 at 14:58
What Warren Buffett buys often makes news. But what he holds is just as essential as new or increased investments.
Zacks Investment Research
13F Season: Avoid These 3 Pitfalls
Monday Aug 14 2023 at 19:54
13F season refers to the quarterly period in which institutional investment managers with over $100 million in AUM must disclose their holdings and provide valuable insight into their portfolios. However, amateur investors often misunderstand 13Fs.
Zacks Investment Research
13F Season: Avoid These 3 Pitfalls
Monday Aug 14 2023 at 19:54
13F season refers to the quarterly period in which institutional investment managers with over $100 million in AUM must disclose their holdings and provide valuable insight into their portfolios. However, amateur investors often misunderstand 13Fs.
Seeking Alpha
Occidental Petroleum Is A Bit On The Pricey Side Again
Monday Aug 14 2023 at 15:06
Occidental Petroleum Corporation’s bump in share price has dropped down its free cash flow yield, even at higher prices. The company has a 7% FCF yield, not enough to justify its valuation given both long and short-term risks. At this time, we recommend against adding to a position in Occidental Petroleum, but don’t recommend selling yet.
The Motley Fool
3 Unstoppable Warren Buffett Dividend Stocks That Have Room to Run
Sunday Aug 13 2023 at 05:45
Chevron continues to be best in breed. Occidental Petroleum’s stock is trading at a steep discount to its historic valuation.
Investopedia
Occidental Petroleum Shares Climb After Winning DOE Grant for Carbon Capture Project
Friday Aug 11 2023 at 16:40
Shares of Occidental Petroleum advanced after the U.S. Department of Energy chose the energy company to receive hundreds of millions of dollars in grants for a carbon capture project.
CNBC
Occidental and Climeworks big winners as Biden allocates billions for CO2 removal
Friday Aug 11 2023 at 05:00
The U.S. Department of Energy is investing $1.2 billion in giant vacuums that suck carbon out of the air–an effort to slow global warming.
Finbold
Here’s how much copy-trading Warren Buffett’s portfolio yielded in 2023
Wednesday Aug 09 2023 at 10:07
Warren Buffett, renowned as the Oracle of Omaha, stands as a titan in the world of finance. His astute investment strategies and unparalleled insights have elevated him to the status of one of the most successful stock market investors in history.
MarketBeat
3 Stocks to Buy After Heavy Insider Buying
Wednesday Aug 09 2023 at 08:42
Many investors are motivated to sell a stock when they notice that company insiders are dumping their shares. However, company insiders can sell a stock for many reasons, and many of those have nothing to do with the stock’s performance.
InvestorPlace
The 7 Best Warren Buffett Stocks to Buy for August 2023
Tuesday Aug 08 2023 at 14:42
Amid the ripples of a burgeoning bull market, one name consistently captures the imagination of investors: Warren Buffett. Warren Buffet’s top picks, nestled within Berkshire Hathaway ( BRK-A , BRK-B ) sprawling $382 billion portfolio, serve as a lodestar for those looking to grow their portfolios rapidly.
MarketBeat
Three Ways To Play The Rise In Oil Prices
Monday Aug 07 2023 at 11:36
Oil prices NYSEARCA: USO are on the rise and likely heading higher. The Saudis and Russia are working together with voluntary production cuts to keep the supply/demand balance tilted firmly in favor of higher prices.
InvestorPlace
3 Value Stocks Billionaires Are Loading Up On
Monday Aug 07 2023 at 03:40
Wouldn’t it be nice to peek over a billionaire’s shoulder when picking stocks? Well, sometimes, you can.
The Motley Fool
You Can’t Control Warren Buffett, but You Can Control How You Invest Like Him
Sunday Aug 06 2023 at 08:02
Warren Buffett has been dubbed the Oracle of Omaha because of his incredible investment record. Investors watch his every move, trying to emulate his success.
CNBC Television
Final Trades: AMD, OXY, CAT & EEM
Friday Aug 04 2023 at 18:20
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders.
Seeking Alpha
Warren Buffett ‘Likes Pipelines’ – Our Top Picks
Friday Aug 04 2023 at 06:55
Pipelines fit Warren Buffett’s investing philosophy quite well. As a result, it should not be surprising that he is pouring billions of dollars into the sector. We share our top pipeline picks.
Zacks Investment Research
Berkshire Hathaway Earnings Preview: What has Buffett Been Up To?
Thursday Aug 03 2023 at 18:46
Warren Buffett’s conglomerate Berkshire Hathway BRK.B reports earnings Friday, August 4 and as always, market participants are anxiously anticipating the company results and Buffett’s comments.
Zacks Investment Research
Occidental (OXY) Q2 Earnings and Revenues Miss Estimates
Thursday Aug 03 2023 at 12:45
Occidental’s (OXY) second-quarter earnings were impacted by the softness in commodity prices. Permian Basin production remains strong, maintaining OXY’s production volumes for 2023.
Occidental Petroleum Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
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Occidental Petroleum’s Altman Z-score is 2.01 which is in the gray zone. This indicates a level of ambiguity where further analyses are needed to evaluate the company’s financial stability accurately.
Derived from SEC.GOV filing dataopen_in_new
Occidental Petroleum Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
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Over the last 3 months, 1 insider has bought $122.10M of common stock in Occidental Petroleum on the stock market with no insider selling.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
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Occidental Petroleum’s Income Quality of 2.15 is greater than its Industry Group of 1.36 (58.1% greater)
Occidental Petroleum’s Income Quality of 2.15 is greater than its Major Industry Group of 1.36 (58.1% greater)
Occidental Petroleum’s Income Quality of 2.15 is greater than its Sector of 1.22 (76.2% greater)
Derived from SEC.GOV filing dataopen_in_new
Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.
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Occidental Petroleum’s Current Ratio of 1.0 is in line with its Industry Group of 0.98 (2.0% greater)
Occidental Petroleum’s Current Ratio of 1.0 is lower than its Major Industry Group of 1.21 (-17.4% lower)
Occidental Petroleum’s Current Ratio of 1.0 is lower than its Sector of 1.63 (-38.7% lower)
Derived from SEC.GOV filing dataopen_in_new
Value Analysis
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
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Occidental Petroleum’s PE Ratio of 8.36 is greater than its Industry Group of 5.62 (48.8% greater)
Occidental Petroleum’s PE Ratio of 8.36 is greater than its Major Industry Group of 6.49 (28.8% greater)
Occidental Petroleum’s PE Ratio of 8.36 is greater than its Sector of 5.27 (58.6% greater)
Derived from SEC.GOV filing dataopen_in_new
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
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Occidental Petroleum’s PB Ratio of 1.89 is greater than its Industry Group of 1.29 (46.5% greater)
Occidental Petroleum’s PB Ratio of 1.89 is greater than its Major Industry Group of 1.36 (39.0% greater)
Occidental Petroleum’s PB Ratio of 1.89 is greater than its Sector of 1.45 (30.3% greater)
Derived from SEC.GOV filing dataopen_in_new
Efficiency Analysis
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
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Occidental Petroleum’s ROE of 0.23 is in line with its Industry Group of 0.25 (-8.0% lower)
Occidental Petroleum’s ROE of 0.23 is greater than its Major Industry Group of 0.2 (15.0% greater)
Occidental Petroleum’s ROE of 0.23 is greater than its Sector of 0.12 (91.7% greater)
Derived from SEC.GOV filing dataopen_in_new
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
Learn more at Investopediaopen_in_new
Occidental Petroleum’s ROCE of 0.15 is lower than its Industry Group of 0.2 (-25.0% lower)
Occidental Petroleum’s ROCE of 0.15 is in line with its Major Industry Group of 0.16 (-6.3% lower)
Occidental Petroleum’s ROCE of 0.15 is greater than its Sector of 0.08 (87.5% greater)
Derived from SEC.GOV filing dataopen_in_new