OXY - Occidental Petroleum Corporation

NYSE - NYSE Delayed Price. Currency in USD
41.24
-0.98 (-2.32%)
At close: 4:01PM EST

41.30 +0.06 (0.15%)
After hours: 7:05PM EST

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Previous Close42.22
Open41.02
Bid41.23 x 3000
Ask41.40 x 1800
Day's Range40.69 - 41.41
52 Week Range37.25 - 68.83
Volume9,301,285
Avg. Volume11,007,929
Market Cap36.84B
Beta (5Y Monthly)0.90
PE Ratio (TTM)30.19
EPS (TTM)1.37
Earnings DateFeb 26, 2020
Forward Dividend & Yield3.16 (7.48%)
Ex-Dividend DateDec 08, 2019
1y Target Est51.57
  • ACCESSWIRE

    ANADARKO SHAREHOLDER ALERT: The Schall Law Firm Announces it is Investigating Claims Against Anadarko Petroleum Corporation and Encourages Investors with Losses to Contact the Firm

    LOS ANGELES, CA / ACCESSWIRE / January 27, 2020 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Occidental Petroleum ...

  • Zacks

    Coronavirus Ends Weekly Winning Streaks

    Coronavirus Ends Weekly Winning Streaks

  • MoneyShow

    Big Opportunity at Occidental

    Following the the $55 billion cash-and-stock acquisition of Anadarko Petroleum last August, Occidental Petroleum (OXY) is now the largest producer in the Permian Basin, notes Todd Shaver, growth stock specialist and editor of BullMarket Report.

  • Oil Was Sick Even Before Coronavirus Hit
    Bloomberg

    Oil Was Sick Even Before Coronavirus Hit

    (Bloomberg Opinion) -- Oil succumbed to the coronavirus this week because its immune system was compromised already. Amid headlines about quarantined Chinese cities and dozens of potential cases showing up in the U.S., Brent crude closed on Friday at $60 and change, its lowest since Halloween. This is all the more remarkable when you consider January has seen  several geopolitical shocks stretching from Libya to Iraq.Like the outbreak itself, oil’s problems began in December with a fever of its own. Relief at a sudden truce in the U.S.-China trade war sparked a rally taking oil from about $62 a barrel close to $70 by the end of that month. Speculators, in retreat for much of 2019, suddenly piled in again. Hedge funds’ net length in the major crude and product contracts surged from less than 600 million barrels-equivalent to almost 900 million between early December and early January. On a rolling four-week basis, December saw the sharpest increase in long positions in my entire data series going back to the start of 2011 (and net length increased at its fastest rate in more than two years).You’ll notice the fever began to break a little earlier this month. Friday’s report from the Commodity Futures Trading Commission showed net length dropped by 63 million barrels-equivalent, or 7%, in the two weeks after January 7.But the way the fever subsided revealed continuing vulnerability. After all, prices dropped even as the killing of Iranian military leader Qassem Soleimani threatened to unleash chaos in one of the world’s biggest oil-producing countries, Iraq, and Libya’s tensions flared up again, blocking its oil exports. And this comes mere months after the collective shrugging-off of September’s attack on Saudi Arabia’s Abqaiq oil-processing facility. Besides fever, listlessness is also the hallmark of a sick patient.So why has the oil market reacted strongly in response to coronavirus reports but not in the other direction when rockets are exploding in the Middle East?There is likely a technical factor at play. Energy economist Phil Verleger points out oil producers such as Occidental Petroleum Corp. took advantage of the speculative rally to hedge their 2020 output. You can see this in the roughly 140 million barrel-equivalent expansion of swap dealers’ net short position in Nymex light sweet crude between early December and early January, a proxy for hedging activity by producers. As oil prices decline, particularly toward such key levels as $60 in Brent and $55 in WTI, so the banks that wrote the puts sell futures to manage their own exposure — a self-reinforcing spiral similar to what appeared to happen in the oil rout that closed out 2018.Underlying this is the basic problem that has dogged the oil market for five years: excess supply and inventories relative to demand. The continuing OPEC+ cuts that got everyone excited back in 2016 are the surest sign of this chronic condition; but there are others, such as unusually subdued U.S. gasoline demand.No one can accurately quantify what impact the coronavirus outbreak will have on oil prices. Novel diseases can ultimately amount to little or spark pandemics, with much in between. And the impact on oil demand, at least in the near term, has more to do with perceptions of infectiousness and what that does to travel and regular interaction rather than fatalities per se.Oil traders are as much in the dark on the ultimate course of this as anyone. Meanwhile, on the supply side, they know there is spare capacity, a demonstrated Saudi pledge to maintain supply even if bombed and a U.S. fracking industry that is bowed but, if goaded enough price-wise, tends to produce more rather than less. In other words, the ceiling is in sharper focus than the floor right now. To contact the author of this story: Liam Denning at ldenning1@bloomberg.netTo contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • ACCESSWIRE

    SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Anadarko Petroleum Corporation and Encourages Investors with Losses to Contact the Firm

    LOS ANGELES, CA / ACCESSWIRE / January 24, 2020 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Occidental Petroleum ...

  • PwC report: 2019 saw fewer, smaller energy deals than prior year
    American City Business Journals

    PwC report: 2019 saw fewer, smaller energy deals than prior year

    Although Houston was host to the largest oil and gas merger of the year, deals across the space were down in 2019 by total value, volume and average size. Of the seven deals in 2019 valued over $5 billion — so-called megadeals — four of them involved Houston companies, according to a report published by PricewaterhouseCoopers International Ltd. on Jan. 23. The largest of the deals was Houston-based Occidental Petroleum Corp.’s (NYSE: OXY) acquisition of The Woodlands-based Anadarko Petroleum Corp. for $64.2 billion, a higher value than all six other megadeals combined, according to the report.

  • Occidental Petroleum (OXY) Stock Sinks As Market Gains: What You Should Know
    Zacks

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

    Occidental Petroleum (OXY) closed the most recent trading day at $42.52, moving -1.78% from the previous trading session.

  • ACCESSWIRE

    ONGOING INVESTIGATION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Anadarko Petroleum Corporation and Encourages Investors with Losses to Contact the Firm

    LOS ANGELES, CA / ACCESSWIRE / January 23, 2020 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Occidental Petroleum ...

  • GuruFocus.com

    Beverly (Value) Hillbillies

    5 tech companies are the largest market caps in the S&P; 500 Index and the Fortune 500 Continue reading...

  • Will Occidental (OXY) Gain on Rising Earnings Estimates?
    Zacks

    Will Occidental (OXY) Gain on Rising Earnings Estimates?

    Occidental (OXY) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

  • Has Occidental Petroleum (OXY) Outpaced Other Oils-Energy Stocks This Year?
    Zacks

    Has Occidental Petroleum (OXY) Outpaced Other Oils-Energy Stocks This Year?

    Is (OXY) Outperforming Other Oils-Energy Stocks This Year?

  • ACCESSWIRE

    ANADARKO INVESTOR ALERT: The Schall Law Firm Announces it is Investigating Claims Against Anadarko Petroleum Corporation and Encourages Investors with Losses to Contact the Firm

    LOS ANGELES, CA / ACCESSWIRE / January 22, 2020 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Occidental Petroleum ...

  • Is Chevron Stock A Buy Right Now? Here's What Earnings, CVX Stock Chart Show
    Investor's Business Daily

    Is Chevron Stock A Buy Right Now? Here's What Earnings, CVX 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 Petroleum eyes sequestering Colorado cement mine's CO2 to help oil production
    American City Business Journals

    Occidental Petroleum eyes sequestering Colorado cement mine's CO2 to help oil production

    Colorado's biggest oil producer aims for low-carbon oil production using the cement industry's CO2.

  • Rally Pauses as Coronavirus Spreads to U.S.
    Zacks

    Rally Pauses as Coronavirus Spreads to U.S.

    Rally Pauses as Coronavirus Spreads to U.S.

  • Oil & Gas Stock Roundup: Schlumberger's Q4, Eni's Agogo Start-Up & More
    Zacks

    Oil & Gas Stock Roundup: Schlumberger's Q4, Eni's Agogo Start-Up & More

    Schlumberger (SLB) reported upbeat Q4 earnings on strength in its international operations. Meanwhile, Eni (E) announced the flow of first oil from the Agogo field, offshore Angola.

  • ACCESSWIRE

    ANADARKO INVESTOR NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Anadarko Petroleum Corporation and Encourages Investors with Losses to Contact the Firm

    LOS ANGELES, CA / ACCESSWIRE / January 20, 2020 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Occidental Petroleum ...

  • Oilprice.com

    This Shale Giant Is Ready For A Rebound

    Occidental Petroleum has come under seemingly endless fire following its Anadarko takeover, but there may be some upside still

  • S&P 500 Up 1000 Points in a Month: 10 Stocks Boosted the ETF
    Zacks

    S&P 500 Up 1000 Points in a Month: 10 Stocks Boosted the ETF

    The S&P 500 touched the 3,300 mark on Jan 16, having added 1000 points in less than a month. Which stocks led to the ETF rally.

  • Dodge & Cox Is Well Positioned for When Value Has Its Resurgence
    GuruFocus.com

    Dodge & Cox Is Well Positioned for When Value Has Its Resurgence

    A review of the firm's latest quarterly letter Continue reading...

  • GlobeNewswire

    Occidental to Announce Fourth Quarter Results Thursday, February 27, 2020; Hold Conference Call Friday, February 28, 2020

    HOUSTON, Jan. 16, 2020 -- Occidental Petroleum Corporation (NYSE:OXY) will announce its fourth quarter 2019 financial results after close of market on Thursday, February 27,.

  • T. Rowe Price Equity Income Fund Invests in Utility Company CenterPoint Energy
    GuruFocus.com

    T. Rowe Price Equity Income Fund Invests in Utility Company CenterPoint Energy

    Fund releases 4th-quarter portfolio Continue reading...