OXY - Occidental Petroleum Corporation
| Previous Close | 45.79 |
| Open | 45.99 |
| Bid | 45.63 x 1100 |
| Ask | 45.70 x 900 |
| Day's Range | 45.26 - 46.30 |
| 52 Week Range | 41.83 - 83.35 |
| Volume | 8,621,454 |
| Avg. Volume | 9,344,673 |
| Market Cap | 40.878B |
| Beta (3Y Monthly) | 1.25 |
| PE Ratio (TTM) | 9.02 |
| EPS (TTM) | 5.07 |
| Earnings Date | Nov 4, 2019 - Nov 8, 2019 |
| Forward Dividend & Yield | 3.16 (6.90%) |
| Ex-Dividend Date | 2019-09-09 |
| 1y Target Est | 57.07 |
- Quartz
Carbon Engineering is doubling its CO2-capturing machine even before it’s built
Tackling the climate crisis will need not just cutting emissions, but capturing some of the carbon dioxide that we've dumped into the atmosphere.
- Simply Wall St.
Should You Worry About Occidental Petroleum Corporation's (NYSE:OXY) CEO Salary Level?
Vicki Hollub became the CEO of Occidental Petroleum Corporation (NYSE:OXY) in 2016. This analysis aims first to...
- Zacks
Zacks Value Trader Highlights: Exact Sciences, Edwards Lifesciences, Bristol Myers-Squibb, Occidental Petroleum and Exxon Mobil
Zacks Value Trader Highlights: Exact Sciences, Edwards Lifesciences, Bristol Myers-Squibb, Occidental Petroleum and Exxon Mobil
- American City Business Journals
Colorado broadens emissions rules overhaul to encompass oil pipelines and more
Colorado air quality regulators are expanding the scope of tighter emissions standards it’s expected to make the oil and gas industry meet. The Air Quality Control Commission on Thursday unanimously opened a rulemaking that will culminate in a vote on the new oil and gas emissions standards at a December hearing. The rules, if passed, would have operators of oil and natural gas pipelines and storage systems meet collective state limits for air pollutants for the first time.
- Investopedia
10 Overlooked Blue Chips Seen Rising When Bond Bubble Collapses
These reasonably-priced quality stocks should outperform in the market turmoil ahead, according to respected strategist Julian Emanuel of BTIG.
- Reuters
UPDATE 1-Occidental Petroleum recommends lowering threshold for special meetings
Occidental Petroleum Corp, which is locked in a battle with activist investor Carl Icahn, plans to make it easier for shareholders to call special meetings and would create new board committees, according to securities documents filed Thursday. The changes would include lowering the threshold to call a special meeting from 25% to 15% of shares outstanding, and forming a board committee on sustainability and shareholder engagement as well as an integration committee that would focus on Occidental's recent acquisition of rival Anadarko Petroleum Corp. Occidental will recommend shareholders approve the changes at its 2020 annual meeting, according to a Securities and Exchange Commission filing.
- GuruFocus.com
US Markets Green on Thursday
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- Moody's
Union Pacific Resources Group Inc. -- Moody's withdraws Anadarko's ratings following OXY's exchange offering
Moody's Investors Service ("Moody's") has withdrawn all outstanding ratings of Anadarko Petroleum Corporation (Anadarko) and its guaranteed subsidiaries, including the Ba1 Corporate Family Rating and Ba1 senior unsecured ratings. This action follows Occidental Petroleum Corporation's (OXY, Baa3 stable) completion of its offer to exchange OXY senior notes for notes issued by Anadarko and its guaranteed subsidiaries. Around 96% of the aggregate principal amount of notes outstanding for Anadarko and its guaranteed subsidiaries were exchanged for new OXY notes.
- Market Realist
Elephants Elusive: Should Buffett Seek a Smaller Animal?
In this year’s annual shareholder letter, Berkshire Hathaway (BRK.B) CEO Warren Buffett discussed the possibility of an “elephant-sized acquisition."
- American City Business Journals
Occidental subsidiary selling Plains All American stake for over $650M
The offerings are expected to generate about $652.2 million in net proceeds for Occidental Petroleum, which just acquired Anadarko Petroleum last month in a $55 billion deal.
- Bloomberg
Blackstone, Apollo Are Said to Eye Western Midstream Stake
(Bloomberg) -- Blackstone Group Inc. and Apollo Global Management Inc. are interested in bidding for a majority stake in Western Midstream Partners LP being sold by Occidental Petroleum Corp., according to people familiar with the matter.Global Infrastructure Partners and KKR & Co. are also interested, said the people, who asked to not be identified because the matter isn’t public. Apollo is considering investing in the oil and gas pipeline operator through Spartan Energy Acquisition Corp., a special purpose acquisition vehicle it backs, the people said.A deal could be reached by the end of this year, they said. Nothing has been finalized and Occidental could opt to keep full ownership of the company, they said.Representatives for Blackstone, Apollo, Global Infrastructure Partners and KKR declined to comment. Representatives for Occidental, Western Midstream and Spartan didn’t respond to requests for comment.Western Midstream fell 1% to $26.54 at 12:09 p.m. in New York trading Thursday, for a market value of $12 billion.Western Midstream, based in the Woodlands, Texas, has more than 15,200 miles of oil and gas pipelines and about six dozen processing and treatment facilities in the Midwestern U.S. and Texas, according to an investor presentation in May.Occidental Petroleum acquired a majority stake in the company via its purchase last month of Anadarko Petroleum Corp., which had formed the company to house its pipeline operations. The potential divestiture would help Occidental meet its goal of selling $10 billion to $15 billion in assets over the next two years to pay down debt.(Updates share price in fifth paragraph.)\--With assistance from Kevin Crowley.To contact the reporter on this story: Kiel Porter in Chicago at kporter17@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, Matthew Monks, Simon CaseyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
Stock Investors: Do You Need a Late Cycle Plan?
The financial media keeps talking about the economy being in the late cycle but that doesn't mean you can't be buying stocks.
- MarketWatch
The explosion of ‘alternative’ data gives regular investors access to tools previously employed only by hedge funds
Traditional money managers are scouring the world for information to gain an edge as indexing takes over.
- Zacks
Occidental Petroleum (OXY) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Occidental Petroleum (OXY) closed at $44.60, marking a -1.22% move from the previous day.
- GuruFocus.com
US Market Jumps on Tuesday, Oil Prices Tumble
Apogee Enterprises advances on strong financial results Continue reading...
- Yahoo Finance
Rising oil prices are both good and bad for the US economy
More money consumers have to spend fill up their cars means "less to spend for items at the mall," says one economist.
- Zacks
Occidental Petroleum (OXY) Surges: Stock Moves 6% Higher
Occidental Petroleum (OXY) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.
- MarketWatch
These energy stocks are getting support from insider executives
A geopolitical shock acts as a wake-up call in the short term, but these are worth considering for the longer term.
- Investing.com
StockBeat: Apache Jumps as Oil Soars
Investing.com - Apache (NYSE:APA) shares were soaring Monday in the aftermath of a drone attack on Saudi Arabia oil facilities on Saturday.
- Business Wire
Occidental Announces Final Results in its Offers to Exchange Twenty-Three Series of Notes Issued by Anadarko Petroleum Corporation, Anadarko Holding Company, Anadarko Finance Company and Kerr-McGee Corporation For Occidental Notes
Occidental Petroleum Corporation today announced the expiration and final results of the offers to exchange any and all validly tendered and accepted notes of the 23 series of notes described in the table below for the new notes of a corresponding series to be issued by Occidental as described in the table below and cash and the related solicitation of consents being made by Occidental on behalf of ...
- Moody's
Western Midstream Operating, LP -- Moody's announces completion of a periodic review of ratings of Western Midstream Operating, LP
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Western Midstream Operating, LP and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
- GuruFocus.com
Carl Icahn's Top 6 Holdings
Activist investor is moving fund office from New York to Florida Continue reading...
- Reuters
Occidental CEO calls for new U.S. laws to boost carbon capture
Occidental Petroleum Corp plans to shift toward a carbon-neutral production model, it chief executive said on Thursday, but new U.S. laws are needed to support technologies designed to fight global warming. Occidental, which recently purchased oil producer Anadarko Petroleum in $38 billion deal, is advancing its use of technologies to capture carbon, and prevent the element from escaping into the atmosphere. To make this a reality on a large scale, though, legislative change is needed, Occidental CEO Vicki Hollub told nearly 200 investors, government leaders and carbon sequestration companies at an Oil and Gas Climate Initiative investments conference in Chicago.
