|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||82.48 - 83.34|
|52 Week Range||58.44 - 87.67|
|PE Ratio (TTM)||33.64|
|Earnings Date||Aug 8, 2018|
|Forward Dividend & Yield||3.08 (3.61%)|
|1y Target Est||95.74|
This could indicate that investors who seek to profit from falling equity prices are not currently targeting OXY. Over the last one-month, outflows of investor capital in ETFs holding OXY totaled $822 million.
For Q2 2018, Marathon Oil (MRO) expects total production of 395–415 Mboepd (thousand barrels of oil equivalent per day). On a year-over-year basis, the mid-point of its Q2 2018 production guidance is ~4% higher than Q2 2017 production of 389 Mboepd. Its Q2 2018 production guidance is even ~7% higher than 380 Mboepd in the first quarter.
For Q2 2018, Wall Street analysts expect Marathon Oil (MRO) to report revenues of ~$1.42 billion. On a year-over-year basis, its Q2 2018 revenue expectations are ~34% higher than Q2 2017 revenues of ~$1.06 billion.
Marathon Oil (MRO) is expected to report its Q2 2018 earnings on August 1 after the market closes. Excluding any one-time items, the current consensus net income estimate is ~$161 million. On a year-over-year basis, MRO is expected to turn its year-ago loss into profit. In Q2 2017, it reported an adjusted loss of ~$128 million. Even on a sequential basis and excluding any one-time items, its second-quarter consensus net income estimate is ~5% higher than its ~$154 million profit in the first quarter.
Apache (APA) expects its second-quarter North America production to average 248 Mboepd (thousand barrels of oil equivalent per day). The international (Egypt and the North Sea) guidance for the second quarter is 135 Mboepd—compared to the international production of ~144 Mboepd in the second quarter of 2017. Apache’s North America production in 2018 is expected to be 250 Mboepd–258 Mboepd.
Schlumberger's (SLB) second-quarter 2018 results benefit from rebound in drilling activities in Russia and the North Sea, which was partly offset by higher mobilization costs.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting OXY. OXY credit default swap spreads are within the middle of their range for the last three years.
Wall Street analysts expect Devon Energy (DVN) to report a ~4% higher year-over-year operating cash flow of ~$842 million in Q2 2018, up from ~$810 million in Q2 2017. On a sequential basis, DVN’s estimated Q2 2018 operating cash flow is ~5% higher compared with its ~$804 million in Q1 2018. DVN’s higher estimated Q2 2018 operating cash flow could be attributed to higher crude oil prices in the same quarter.
Moody's Investors Service, ("Moody's") has today affirmed the A2 rating of Dolphin Energy Limited's (Dolphin Energy) senior secured bonds and senior secured bank credit facilities and changed the outlook to stable from negative. The stabilisation of the outlook reflects that Dolphin Energy's operational and financial performance has remained satisfactory and in line with Moody's expectations, more than one year into the dispute between Qatar and, inter alia, three fellow Gulf Cooperation Council (GCC) neighbours, including the United Arab Emirates (UAE, Aa2 stable). The A2 ratings continue to be supported by (1) a long-term Development and Production Sharing Agreement with the Government of Qatar, (2) net revenue under long-term fixed price gas supply contracts with government-owned entities in Abu Dhabi, Dubai and Oman, after deducting all operating costs, sufficient to cover close to 100% of current senior debt service (3) the historical coverage ratios including all project revenues have been consistently above 2.5x and, (4) a strong competitive position as a low-cost producer of gas and hydrocarbon liquids.
HOUSTON, July 18, 2018-- Occidental Petroleum Corporation will announce its second quarter 2018 financial results after close of market on Wednesday, August 8, 2018, and will hold a conference call to ...
The Zacks Analyst Blog Highlights: ConocoPhillips, Anadarko, Occidental, GulfMark and QEP Resources
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.