|Bid||0.00 x 2200|
|Ask||0.00 x 3000|
|Day's Range||72.25 - 73.61|
|52 Week Range||62.47 - 87.67|
|Beta (3Y Monthly)||0.87|
|PE Ratio (TTM)||25.21|
|Earnings Date||Feb 11, 2019 - Feb 15, 2019|
|Forward Dividend & Yield||3.12 (4.24%)|
|1y Target Est||92.63|
Private oil producers in Colombia said on Friday they are optimistic about promises by President Ivan Duque to improve security and bolster the sector. Duque, who has been in office for 101 days, pledged during his campaign to lower taxes on businesses and improve security for crude producers in the country, where leftist rebels regularly bomb pipelines and community protests sometimes stymie output. "We're seeing progress - we have all the confidence in the world in the administration," said Occidental Petroleum chief executive Vicki Hollub, on the sidelines of an oil and gas conference in Bogota.
On November 7–14, our list of oil-weighted stocks fell 11.2%—compared to the 8.8% fall in US crude oil December futures. On average, our list of oil-weighted stocks underperformed US crude oil prices. In the previous part, we saw that most of these oil-weighted stocks’ correlations with oil prices rose significantly.
ABU DHABI, United Arab Emirates , Nov. 14, 2018 /PRNewswire/ -- In recognition of its demonstration plant in La Porte, Texas , NET Power, LLC, was awarded the 2018 Breakthrough Technological Project of ...
ConocoPhillips (COP) has strengthened its FCF (free cash flow) in the past one year. On a quarterly basis, COP’s FCF grew by 34.8% in Q3 2018. The rise in oil prices contributed to the rise in COP’s free cash flow. In part one, we discussed the impact of oil prices on COP’s earnings.
As of November 12, Brent crude oil active futures had fallen 18.3% from their almost four-year closing high of $86.29 per barrel on October 3. However, so far in Q4 2018, Brent crude oil active futures have averaged ~4% higher on a quarter-over-quarter basis. If oil prices trade within a downside limit of ~4% from current levels, with almost half of the period left in Q4 2018, ConocoPhillips (COP) might achieve analysts’ consensus estimate, which is two cents lower than adjusted EPS last quarter. COP has an oil-weighted portfolio of 58%. ...
Colombian state-run oil company Ecopetrol said on Tuesday that three new bombings of the Cano Limon pipeline have caused contamination in several waterways in the country's northeastern Arauca province. The attacks on Sunday and Monday brought total bombings of the 485-mile (780-km) pipeline to 82 this year. Cano Limon, which can transport up to 210,000 barrels of oil per day, has been out of service for much of 2018 because of bombings and illegal taps and was not functioning at the time of the latest attacks.
NEW YORK, Nov. 13, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
On November 2–9, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose 0.6%—the least among major energy ETFs. US crude oil prices just above $60 and a fall of 4.7% last week due to supply concerns might have either dragged or limited the upside in upstream energy stocks. However, Saudi Arabia’s announcement on November 11 about reducing its exports by half a million barrels per day in December might bring a small pause to oil’s fall.
The Zacks Analyst Blog Highlights: ExxonMobil, Occidental Petroleum, General Motors, MetLife and Digital Realty Trust
Finally, some of the largest oil companies aren’t just accepting the coming challenge of climate change but actively doing something about it. The latest example is the investments that Occidental Petroleum (often referred to as “Oxy”) has made in Net Power, a startup that built the world’s first zero-emissions fossil-fuel power plant in Texas. Earlier…
On October 31–November 7, our list of oil-weighted stocks rose 3.4%—compared to the 5.6% fall in US crude oil December futures. On average, our list of oil-weighted stocks outperformed US crude oil prices. In the previous part, we saw that most of these oil-weighted stocks had higher and positive correlations with the S&P 500 Index (SPY) than oil prices. In the trailing week, the S&P 500 Index (SPY) rose 3.8%.
DURHAM, N.C. and HOUSTON, Nov. 8, 2018 /PRNewswire/ -- NET Power, LLC, and Oxy Low Carbon Ventures, LLC (OLCV), a subsidiary of Occidental Petroleum Corporation (OXY), today announced they have reached an investment agreement, subject to regulatory approval. The investment will advance the development of NET Power's low-cost, natural gas electric power system that generates no atmospheric emissions and inherently captures all carbon dioxide (CO2). Upon receiving regulatory approval, OLCV will join current investors Exelon Generation (EXC), McDermott (MDR), and 8 Rivers Capital.
Futures fell after the industry-funded American Petroleum Institute was said to report U.S. crude stockpiles expanded by 7.83 million barrels last week. If confirmed by the Energy Information Administration on Wednesday, that would be the biggest build in five weeks, compared with an average 2 million-barrel increase in a Bloomberg survey of analyst forecasts. “If EIA confirms this build, it could certainly lead to further price weakness,” said Kyle Cooper, director of research at IAF Advisors.
Occidental Petroleum's (OXY) Q3 beats on earnings and revenue estimates owing to higher production volume from the Permian Resources region coupled with better realization prices.
U.S. shale oil production from the Permian has nearly doubled in the last three years, while Brent crude (LCOc1) touched a four-year high in September. Occidental said average worldwide realized crude oil prices rose 36 percent to $62.67 (48.00 pounds) per barrel in the third quarter. Occidental's average production rose about 13.5 percent to 681,000 boe/d.
U.S. oil and natural gas producer Occidental Petroleum Corp on Monday beat third-quarter profit estimates on the back of a surge in production from the Permian Basin and higher oil prices. U.S. shale oil production from the Permian has nearly doubled in the last three years, while Brent crude touched a four-year high in September. Occidental said average worldwide realized crude oil prices rose 36 percent to $62.67 per barrel in the third quarter.
U.S. oil and natural gas producer Occidental Petroleum Corp on Monday reported a surge in quarterly profit, helped by a one-time gain from the sale of some of its assets. The Houston-based company's net income rose to $1.87 billion, or $2.44 per share, in the third quarter ended Sept. 30, from $190 million, or 25 cents per share, a year earlier. Production rose to 681,000 barrels of oil equivalent per day (boe/d) from 600,000 boe/d.
Investing.com - Occidental (NYSE:OXY) reported third quarter earnings that beat analyst's expectations on Monday and revenue that topped forecasts.
Occidental (OXY) delivered earnings and revenue surprises of 17.22% and 32.51%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
The Houston-based company said it had net income of $2.44 per share. Earnings, adjusted for non-recurring gains, came to $1.77 per share. The results topped Wall Street expectations. The average estimate ...
U.S. oil and natural gas producer Occidental Petroleum Corp on Monday reported a surge in quarterly profit, helped by a one-time tax gain. The Houston-based company's net income rose to $1.87 billion, ...