|Bid||50.28 x 800|
|Ask||50.40 x 3200|
|Day's Range||49.99 - 51.03|
|52 Week Range||47.00 - 86.60|
|Beta (3Y Monthly)||1.20|
|PE Ratio (TTM)||9.45|
|Forward Dividend & Yield||3.12 (6.20%)|
|1y Target Est||N/A|
Anadarko Petroleum's (APC) FID decision on Mozambique's first onshore LNG facility will boost economic development of the African nation.
DEEP DIVE Dividend stocks, which have performed well this year, may get another boost if the Federal Reserve cuts interest rates. With lower rates, income-seeking investors could use dividend stocks more than ever, and growth investors may also be interested because declining low interest rates prop up prices of higher-yielding stocks.
However, if Occidental Petroleum's acquisition of Anadarko closes, the Mozambique assets are among those that will be sold to Paris-based Total.
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 email@example.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.
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.
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.
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's (DVN) focus on domestic U.S. assets will increase oil production. Its initiative to lower methane emissions is appreciable.
CEO Vicki Hollub bought $1.8 million of shares of the energy explorer on Monday. Marcia Backus, the company’s general counsel, bought half a million dollars in Occidental stock.
President and CEO of Occidental Petroleum Corp (NYSE:OXY) Vicki A. Hollub bought 37,460 shares of OXY on 06/10/2019 at an average price of $48.15 a share.
A market surge in the first quarter, spurred by easing global macroeconomic concerns and Powell's pivot ended up having a positive impact on the markets and many hedge funds as a result. The stocks of smaller companies which were especially hard hit during the fourth quarter slightly outperformed the market during the first quarter. Unfortunately, […]
Houston-based Occidental Petroleum Corp.’s (NYSE: OXY) winning bid in the competition for Anadarko Petroleum Corp. (NYSE: APC) hit a particularly sticky point for the latter company’s board — It was the first proposal that did not require a vote among Oxy’s shareholders. A filing with the U.S. Securities and Exchange Commission describes the competitive process between Oxy and Chevron Corp. (NYSE: CVX) — both of which were seeking to acquire Anadarko. Throughout the document, Anadarko brings up the uncertainty as to whether a deal would close if subject to an Occidental shareholder vote.
According to GuruFocus' list of 52-week lows, these Guru stocks have reached their 52-week lows. The price of ConocoPhillips (COP) shares has declined to close to the 52-week low of $58.96, which is 29.3% off the 52-week high of $80.24. The company has a market cap of $66.64 billion.
Occidental sent a memo to employees indicating that it will decide whether to move to Century Park until after it completes the integration process with Anadarko.
Anadarko Petroleum exacted a top price for itself by repeatedly spurning Occidental Petroleum's approaches and pushing for all-cash offers, reasoning the market might react negatively to the blockbuster $38 billion deal, according to securities filings released on Friday. Occidental last month beat out Chevron Corp to grab a major oil industry prize: nearly a quarter million acres in the Permian Basin, the top U.S. shale field, where low-cost output has helped turn the United States into the world's top oil producer at more than 12 million barrels per day. Anadarko's tactics sweetened the sales terms and guaranteed a huge payday for its executives, Chevron and deal advisers, the filing showed.
(Bloomberg) -- Goldman Sachs Group Inc. and Evercore Inc. will each earn $53 million from their work advising Anadarko Petroleum Corp. on its acquisition by Occidental Petroleum Corp., the biggest global oil deal in four years.
The Mozambique LNG contract will be reflected in McDermott International's (MDR) backlog after Anadarko makes a final investment decision on the project, which is expected in June 2019.