OXY - Occidental Petroleum Corporation

NYSE - NYSE Delayed Price. Currency in USD
50.42
+1.04 (+2.11%)
At close: 4:01PM EDT
Stock chart is not supported by your current browser
Previous Close49.38
Open49.87
Bid0.00 x 800
Ask0.00 x 800
Day's Range49.61 - 51.25
52 Week Range47.00 - 86.60
Volume6,600,878
Avg. Volume10,886,159
Market Cap37.724B
Beta (3Y Monthly)1.20
PE Ratio (TTM)9.48
EPS (TTM)5.32
Earnings DateAug 6, 2019 - Aug 12, 2019
Forward Dividend & Yield3.12 (6.32%)
Ex-Dividend Date2019-06-07
1y Target Est63.26
Trade prices are not sourced from all markets
  • Reuters6 hours ago

    UPDATE 3-Icahn steps up fight with Occidental over deal, wants board seats

    Billionaire investor Carl Icahn on Wednesday ratcheted up his fight with Occidental Petroleum over its pending purchase of rival Anadarko Petroleum by calling for a special shareholder meeting where he hopes to win board seats. In a regulatory filing, Icahn said he planned to oust and replace four Occidental directors and change the company's charter through a stockholder consent solicitation to prevent it from ever engineering a similar takeover again. Responding to the filing, Occidental said it will review the latest materials filed by Icahn, and looks forward to addressing them in ongoing conversations with shareholders.

  • Is Chevron Stock A Buy Right Now? Here's What Earnings, Stock Chart Show
    Investor's Business Daily14 hours ago

    Is Chevron Stock A Buy Right Now? Here's What Earnings, Stock Chart Show

    Chevron stock has moved with volatile oil prices amid geopolitical issues. But is it still worth buying? Find out what the expert analysis says

  • Occidental reportedly considers selling Anadarko's stake in MLP
    American City Business Journals16 hours ago

    Occidental reportedly considers selling Anadarko's stake in MLP

    The master limited partnership completed a consolidation and a $4 billion drop-down deal earlier this year.

  • Alliance Resource (ARLP) to Acquire Interest in Wing's Assets
    Zacks22 hours ago

    Alliance Resource (ARLP) to Acquire Interest in Wing's Assets

    Alliance Resource' (ARLP) impending acquisition will expand its presence in the Permian Basin.

  • This High-Yield Stock Could Become a High-Profile Acquisition Target
    Motley Foolyesterday

    This High-Yield Stock Could Become a High-Profile Acquisition Target

    Occidental Petroleum is reportedly shopping the MLP it will acquire in the Anadarko deal.

  • Middle East Tensions Move Oil Prices Higher
    Oilprice.com2 days ago

    Middle East Tensions Move Oil Prices Higher

    Oil inched higher on Tuesday morning as geopolitical fears drove bullish sentiment and the prospect of a de-escalation of the trade war reduced economic uncertainty

  • Occidental Mulls Sale of Anadarko's Western Stake
    Bloomberg2 days ago

    Occidental Mulls Sale of Anadarko's Western Stake

    (Bloomberg) -- Occidental Petroleum Corp. is seeking a buyer to take majority control of Western Midstream Partners LP, the pipeline operator that it’s poised to inherit through its takeover of Anadarko Petroleum Corp., according to people familiar with the matter.Occidental is working with a financial adviser to solicit offers for half of Anadarko’s interest in Western Midstream and Western Midstream’s general partner, or management entity, said the people, who asked to not be identified because the matter isn’t public.The potential buyer of those stakes would also seek to acquire the 45% of Western Midstream that is traded publicly, the people said. That would leave Occidental with a minority stake in Western Midstream, the people said, enabling it to keep financial and operational interest in infrastructure for getting its oil and gas to market.The stakes could draw interest from private equity firms and rival pipeline operators such as Oneok Inc., Enterprise Products Partners LP and Energy Transfer LP, one of the people said. No decision has been made and Occidental could opt to not proceed with a sale, they said.Representatives for Occidental, Anadarko and Enterprise Products declined to comment. Representatives for Oneok and Energy Transfer didn’t respond to requests for comment.Western Midstream rose 2.2% to close at $29.37 in New York trading Monday, giving The Woodlands, Texas-based company a market value of about $13.3 billion.Anadarko owns 55.5 percent of Western Midstream and all of its general partner, according to regulatory filings.Anadarko DealOccidental is poised to acquire Western Midstream after agreeing in May to buy Anadarko for $38 billion, a deal expected to close in the second half of 2019. Occidental has said it would be open to selling Western Midstream after outbidding Chevron Corp. for Anadarko.“We don’t really feel like we have to necessarily own infrastructure to take advantage of it,” Vicki Hollub, Occidental’s chief executive officer, said in a conference call with analysts on May 6. “We would be willing to consider the optimization, monetization, of that sooner rather than later depending on the potential buyer.”Western Midstream controls more than 15,200 miles of pipelines and about six dozen processing and treatment facilities in the Midwestern U.S. and Texas, according to an investor presentation in May. Anadarko formed the company and took it public in 2012 as a so-called master limited partnership, or entity that gets tax breaks in exchange for doling out most of its profits to investors.A potential sale could help Occidental meet its goal of selling $10 billion to $15 billion of assets to pay down debt over the next two years. The company has already agreed to sell Anadarko’s operations in Africa for $8.8 billion to Total SA.To contact the reporters on this story: Kiel Porter in Chicago at kporter17@bloomberg.net;Rachel Adams-Heard in Houston at radamsheard@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, ;Simon Casey at scasey4@bloomberg.net, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Rigzone.com2 days ago

    Occidental Selling APC's Western Stake?

    Occidental is seeking a buyer to take majority control of Western Midstream Partners LP, according to people familiar with the matter.

  • Greenway Plaza office building sells to L.A.-based investment firm
    American City Business Journals3 days ago

    Greenway Plaza office building sells to L.A.-based investment firm

    One of the most recognizable office properties in Houston’s Greenway Plaza submarket has a new owner.

  • Barrons.com3 days ago

    Occidental Petroleum Stock Is Falling Because Merger Drama Isn’t Its Only Challenge

    Morgan Stanley downgraded Occidental’s stock saying lower oil prices could force management to cut capital expenditures.

  • GuruFocus.com4 days ago

    Weekly Top Insider Buys Highlight for the Week of June 21

    The largest Insider Buys this week were for Lowe's Companies Inc., Energy Transfer LP, Occidental Petroleum Corp and MGM Resorts International

  • Top CEO Has These Tips On When To Hold 'Em And When To Fold 'Em
    Investor's Business Daily6 days ago

    Top CEO Has These Tips On When To Hold 'Em And When To Fold 'Em

    Chevron CEO Mike Wirth explains when to abandon a deal after he walked away from a bidding war with Occidental to acquire Anadarko Petroleum.

  • Occidental Petroleum (OXY) Outpaces Stock Market Gains: What You Should Know
    Zacks7 days ago

    Occidental Petroleum (OXY) Outpaces Stock Market Gains: What You Should Know

    Occidental Petroleum (OXY) closed at $51.30 in the latest trading session, marking a +1.99% move from the prior day.

  • Zacks7 days ago

    Fed Statement Keeps Rally Alive

    Fed Statement Keeps Rally Alive

  • Anadarko Petroleum Makes FID on Mozambique LNG Project
    Zacks8 days ago

    Anadarko Petroleum Makes FID on Mozambique LNG Project

    Anadarko Petroleum's (APC) FID decision on Mozambique's first onshore LNG facility will boost economic development of the African nation.

  • Anadarko to begin construction of Mozambique LNG project, selects contractors
    American City Business Journals9 days ago

    Anadarko to begin construction of Mozambique LNG project, selects contractors

    However, if Occidental Petroleum's acquisition of Anadarko closes, the Mozambique assets are among those that will be sold to Paris-based Total.

  • Markit9 days ago

    See what the IHS Markit Score report has to say about Occidental Petroleum Corp.

    Occidental Petroleum Corp NYSE:OXYView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock are seeing positive inflows * Bearish sentiment is moderate and increasing * Economic output in this company's sector is contracting Bearish sentimentShort interest | NeutralShort interest is moderate for OXY with between 5 and 10% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on June 10. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding OXY are favorable, with net inflows of $12.09 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. OXY credit default swap spreads are at their highest levels for the past 3 years, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Near a 10-Year Low, Is Occidental Petroleum a Buy?
    Motley Fool11 days ago

    Near a 10-Year Low, Is Occidental Petroleum a Buy?

    The oil giant’s bold move to acquire Anadarko Petroleum is weighing down its stock price.

  • Reuters13 days ago

    UPDATE 4-Pope backs carbon pricing to stem global warming and appeals to deniers

    Pope Francis said on Friday that carbon pricing is "essential" to stem global warming - his clearest statement yet in support of penalising polluters - and appealed to climate change deniers to listen to science. In an address to energy executives at the end of a two-day meeting, he also called for "open, transparent, science-based and standardised" reporting of climate risk and a "radical energy transition" away from carbon to save the planet. Carbon pricing, via taxes or emissions trading schemes, is used by many governments to make energy consumers pay for the costs of using the fossil fuels that contribute to global warming, and to spur investment in low-carbon technology.

  • Financial Times13 days ago

    Has Teneo been playing the oil field?

    Two DD events to start: We look forward to meeting those of you who are confirmed to attend the special lunch interview with Barbarians at the Gate author Bryan Burrough on Tuesday. The likes of Carl Icahn and Warren Buffett have been swept up in the controversial deal that saw Occidental Petroleum swoop in to win Anadarko Petroleum from Chevron’s grasp. It turns out Occidental and Chevron have the same taste in advisers as they do in oil assets.

  • Financial Times14 days ago

    Adviser Teneo faces arbitration over oil deal conflict

    Teneo, the highflying corporate advisory firm founded by former associates of Bill and Hillary Clinton, has been dragged into arbitration after having worked for both sides in the takeover battle for Anadarko, the US oil company. Teneo, which provides services including strategy and communications advice, had worked for Occidental before Chevron made its offer for Anadarko.

  • Devon Energy (DVN) Sets New Target to Cut Methane Emissions
    Zacks15 days ago

    Devon Energy (DVN) Sets New Target to Cut Methane Emissions

    Devon Energy's (DVN) focus on domestic U.S. assets will increase oil production. Its initiative to lower methane emissions is appreciable.

  • PR Newswire15 days ago

    EnerCom Posts Schedule of Presenters for The Oil & Gas Conference® Aug. 11-14, 2019

    60 Oil & Gas industry leaders are slated for the first two days of EnerCom's 24 th Denver conference DENVER , June 12, 2019 /PRNewswire/ --  EnerCom has released the presentation schedule for the oil and ...