|Bid||81.20 x 800|
|Ask||83.91 x 1400|
|Day's Range||81.61 - 82.86|
|52 Week Range||58.44 - 87.67|
|PE Ratio (TTM)||33.48|
|Earnings Date||Jul 31, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||3.08 (3.61%)|
|1y Target Est||95.74|
Oil exploration and production companies, which took the brunt of the hit during the crude selling, have benefited the most as prices rebounded, but ETF investors should begin to think about taking a more ...
ConocoPhillips (COP), Anadarko Petroleum (APC) and Occidental Petroleum (OXY) announced initiatives to return capital to shareholders.
Per the contract, Dril-Quip (DRQ) will provide 23 subsea production systems to Premier Oil Exploration and Production Limited.
In Q2 2018, analysts expect Encana’s (ECA) operating cash flow to rise ~93% YoY (year-over-year) to ~$422 million from ~$218 million, and by ~11% sequentially from ~$381 million. The rise is expected due to its production being forecast to increase during the quarter and higher crude oil prices.
President Trump’s protectionist agenda and the resultant trade war fears started weighing on large-cap stocks. Trade War Fear Seems Oversold, Time to Look at Better Data Points? Investors should note that after a nagging four-month trade war talks, investors seem to be ignoring the reality in July.
Occidental Petroleum's (OXY) investment plans and production growth support the company's cash flow generation capacity, which in turn, helps raising annual dividend rates.
In Q2 2018, analysts expect Encana’s (ECA) revenue to rise ~10% YoY (year-over-year) to ~$1.19 billion from ~$1.08 billion, but fall ~11% sequentially from ~$1.31 billion. The YoY rise is expected due to Encana’s production being expected to increase and higher crude oil prices.
A major airline and a large energy exploration-and-production company were among the companies that announced dividend increases on Thursday. Delta Air Lines (DAL) declared a quarterly dividend of 35 cents a share, up from 30.5 cents previously, for a hike of nearly 15%. Occidental Petroleum (OXY) announced a smaller increase.
Anadarko Petroleum (APC) has a production guidance range of 615 Mboepd–640 Mboepd (thousand barrels of oil equivalent per day) or 627.5 Mboepd at the midpoint for the second quarter—compared to 631 Mboepd reported in the second quarter of 2017. Anadarko Petroleum’s oil volumes are expected to be 346 Mboepd–362 Mboepd or 354 Mboepd at the midpoint in the second quarter—compared to 331 Mboepd reported in the second quarter of 2017. For 2018, Anadarko Petroleum has provided a production forecast of 658 Mboepd–685 Mboepd or 671.5 Mboepd at the midpoint. Anadarko Petroleum’s production volumes were 672 Mboepd in 2017.
On July 11, US crude oil August futures plunged 5% and closed at $70.38 per barrel, just $0.08 below the lower limit of our price forecast of $70.46 until July 13.
HOUSTON, July 12, 2018-- Occidental Petroleum Corporation said today that its Board of Directors has declared an increase of the company’ s regular quarterly dividend to $0.78 per share. On an annual basis, ...
Weatherford (WFT) to raise $287.5 million from the sale of land drilling rig operations in Algeria, Kuwait and Saudi Arabia and also two idle rigs in Iraq.
Zacks Industry Outlook Highlights: ConocoPhillips, Marathon Oil, Occidental Petroleum and Hess
If FactSet’s predictions prove true, the second quarter should be another strong one with earnings growth of more 20% expected for S&P 500 companies. FactSet noted that the earnings growth will still be below the 24.8% increase in earnings seen for the first three months of the year. “If the index does report growth of 23.2% for Q2 2018, it will mark the second consecutive quarter of earnings growth above 20% and the third consecutive quarter of double-digit earnings growth,” wrote John Butters, senior earnings analyst at FactSet, in a report.
ExxonMobil (XOM) to undertake construction and operation of natural gas liquefaction and associated facilities in the Rovuma LNG Project.
On July 08th, 2018, CNBC reported that the Oil Price Information Service's Tom Kloza recently estimated that prices could surge another 10% this summer. This morning, WallStEquities.com reexplores the Independent Oil and Gas space to see how select stocks have fared over the past trading sessions: Noble Energy Inc. (NYSE: NBL), Occidental Petroleum Corp. (NYSE: OXY), Range Resources Corp. (NYSE: RRC), and Sanchez Energy Corp. (NYSE: SN).
As we saw in the previous part of this series, ConocoPhillips’s (COP) stock price was up marginally by 0.04% for the week ended July 6. However, crude oil (SCO) moved down moderately by ~0.5% in the same week. So COP’s stock price outperformed crude oil prices. In this part of our series, we’ll look at the correlation between COP and crude oil prices.
Houston-based Occidental Petroleum Corp. (NYSE: OXY) is adding more than 800,000 square feet of space in Greenway Plaza to the sublease market. According to the latest NAI Partners Sublease Index, Oxy put 746,070 square feet in 5 Greenway Plaza and 67,525 square feet in 3 Greenway Plaza up for sublease in June. CBRE Group Inc.’s (NYSE: CBRE) Houston Office Marketview for the second quarter of 2018 also says Oxy will sublease its Greenway Plaza space and “move to a newly constructed, owned property to the west.” The move pushes Greenway Plaza’s total Class A space available for sublease to nearly 875,000 square feet, per CBRE’s Marketview report. Brandon Clarke with CBRE is the lead listing agent on Oxy’s sublease space.
Goldman Sachs has urged its clients to buy “oversold” commodities, arguing that investors are wrong to assume that a trade war between the U.S. and China will significantly dent demand for raw materials. In a research note, reported on by Bloomberg and CNBC, the Wall Street lender took a different stance to many of its peers, predicting that the impact of sanctions between the U.S. and China on raw materials will be "very small.” Analysts at Goldman forecasted a 10% return on commodities over 12 months, driven in part by the depreciating U.S. dollar, strong global growth and depleting inventories, as well as by their conviction that only markets that cannot be rerouted globally to other consumers will be affected by tariffs due to be introduced July 6.