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Occidental Petroleum Corporation (OXY)

NYSE - NYSE Delayed Price. Currency in USD
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10.34+0.12 (+1.17%)
At close: 4:00PM EDT

10.37 +0.03 (0.29%)
After hours: 5:17PM EDT

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  • B
    Boilermaker
    Icahn has 4 board seats out of 11 and he’s been buying warrants non-stop. What does that tell you?
  • s
    stefan
    Berkshire acquiring oxy? Some rumors? I don’t think so, I guess Exxon will make a Deal. Their exploration costs are much higher than paying 25 usd per share +debts. No problem to finance this deal. The debts are no issue for Exxon ....a great deal for Exxon.
  • J
    JWM
    CHK had negative and tight cash flow even when the oil price was high. They were capitalizing all of their expenditures as asset, boosting their asset value while having enhanced income statements figure to borrow more to sustain its operation and expand their acquisitions. They were using accounting tricks and eventually went BK. If you are comparing CHK to OXY, you are wrong. OXY had one of the best cash flow reports in Q2 among major oil companies. OXY will have much better cash flow in 2021 and appreciated asset value with the expected increased oil price will improve asset to debt ratio or some of the "non-core assets" will be sold to manage its debt significantly. I am just speechless this spammers mentioning CHK on OXY, as they are clueless.
  • C
    CogitoErgoSum
    The acquisition in the sale oil industry just started. Which shale oil company/s will be acquired by OXY management? The valuations of many shale oil companies are very low today.

    More info about the recent acquisition:
    https://investors.devonenergy.com/investors/press-releases/press-release-details/2020/Devon-Energy-and-WPX-Energy-to-Combine-in-Merger-of-Equals-Creating-a-Leading-Energy-Company-Focused-on-Generating-Free-Cash-Flow-and-Return-of-Capital-to-Shareholders/default.aspx
    KEY HIGHLIGHTS Merger of equals creates a leading unconventional oil producer in the U.S. Builds a dominant Delaware Basin acreage position totaling 400,000 net acres All-stock transaction accretive to per-share metrics in year one and maintains fin
    KEY HIGHLIGHTS Merger of equals creates a leading unconventional oil producer in the U.S. Builds a dominant Delaware Basin acreage position totaling 400,000 net acres All-stock transaction accretive to per-share metrics in year one and maintains fin
    investors.devonenergy.com
  • L
    LLLLL
    OXY - OXY is probably going to be over $30.67 a share soon... Bashers are going to bash and some posters will tell you its going over $30.00 in the future here.. I like the going up a lot better than the going down...lol
  • W
    WJK
    My 2 cents: All oil stocks are being discriminated against. It's across the board. Bashing OXY is no different than bashing any other oil stock (APA, MRO, XOM, etc.) Just look at the XLE. It's not as though all these companies are bad companies. It's the current sentiment, and that sentiment is negative toward oil. If you're willing to take some risk and be patient, buy when things seem the most grim and stock prices are low, and you will be rewarded in time. EV-mania is hot right now, but reality will hit as soon as people resume driving en masse again. The demand for oil will return and investors will be reminded that the vast majority of cars still require gasoline.
  • J
    J
    Oxy needs a spark to skyrocket, a good news of some sort will move it up quickly
  • L
    LLLLL
    OXY - $10.00 a share for OXY? lol... Thanks for the shares. See you at $15.00 a share in early October 2020.. A $40.00 stock trading at $10.00, only in today's stock market... This company is not a one trick pony... I have been buying this under 10.20 the last hour.. I bought under 10.00 the other day and it ran over $12.00 in a day.. OXY is a long term hold for some and OXY is a I am getting a 70% to 150% gain for those who can hold even for 3 to 6 months... Covid-19 vaccines and this is going to skyrocket just like everything else but you look at how high this can go for what to invest in now. Not all stocks are SPI's but a lot of stocks are the real deal. I am buying bargains like OXY, HPE, CCL, AAL and so many more stocks right now.
  • s
    slow_learner
    EIA report summary: Oil imports increased by 1.1M for the week (160kx7 = 1.1M). Oil inventories decreased by 1.6M, which is only 13% above five year average. Excess inventories are certainly coming down.

    Gasoline inventories down 4M, and is only 1% above average. I am thinking we will start seeing gasoline inventories below historic average in just few short weeks.

    Distillates down 3.4M, which is 21% above historic average.

    Total inventories down by 7.5M.

    Gasoline demand down 9%, which is better than 10% down in previous weeks.

    Inventories are down 7.5M even with demand down 9-10%. With demand recovering, though slowly, gap can continue to to increase. Surely a bullish report in my opinion.
  • M
    Myaccount
    hmmmm,. not looking good. When this stock sputters on up days, it collapses on down days. I am not looking forward to this week's down day.. this will plunge into the 9s unfortunately...
  • D
    Donny L
    Hope that everyone has been loading up on the dips and averaging down if you can, as you never know OXY could head back up towards $15.00, maybe even higher, with or without any good news. GLTA & Hope that everyone has a wonderful weekend.
    Bullish
  • R
    Russ
    Gundlach leaving California, what took him so long. You can’t subsidize electric vehicles if you’re running deficits, much less if you depend on property taxes on bubbled real estate.
  • A
    Assumption88888
    Paying the dividend in cash is Huge news. I think Wall Street missed that with the market sell off today. If API and EIA confirm more draws these shares may take off. I felt that the first signal would be paying the preferred dividend in cash. And now its here. They must have substantial confidence considering payment isn't due for another month
  • S
    ShootDaMoon
    ScotiaBank: Sector Perform to Sector Outperform 9/24/2020
  • s
    stefan
    Oxy has decided to pay warrants dividend in cash ..a very Good signal to the market.
  • J
    JWM
    I hope that oil price recover significantly by next year. Oxy skyrockets. Oxy finances $10 billion debt at less than 5% and pay off WB's preferred dividend next year. WB deserves this for dumping all of his shares and gave us 3 months of pain on the share price depreciation!
  • B
    Bob C
    I feel the oil move higher was only because of the Hurricanes , OPEC+ did what I was expecting with SA talking about the old cut levels and not much else . There is another little depression in the gulf which may keep more supply off the market for a short time . Anyone can guess at the oil price and have the same chance on being right ( negative oil this year no one saw ) . So my guess is for the rest of the year between mid30s and low 40s with more to the lower side . Oil never got to the earlier higher price in September of 43+ so I would think it is a failed attempt to move higher . But things can change to drive it higher or lower , no one knows for sure . ( OXY's price between 9-12 for the near future ( next couple of months ) , 4th quarter will be the real driver with earnings and election. Will see a draw the next couple of weeks which may be a short term help .
  • T
    Tony
    Will the company survive? should I buy at today's price?
  • P
    PumperDuck
    Picked up some tasty Warrants at a beautiful $2.77!!!!! Thank you Mr. Market for the discounted warrants. Sold them last week in the $2.92-$2.98 range and increased my position by 5%+ today. Waiting for COST to announce then looking for an exit from them to acquire more Warrants. Sure hope OXY is still crying in its beer when I get more coin
  • P
    PumperDuck
    We shall see if the chart holds up. Double bottom is in and the inverted head and shoulders wants to settle in the $16/$17 range. By the time we get $50 oil, EOY maybe sooner, OXY will be retesting the 6 month high of $24 and filling the $26 gap. Still believe the dividend is a minimum 15 months away with $10 billion in debt needing to be unloaded first