OXY - Occidental Petroleum Corporation

NYSE - NYSE Delayed Price. Currency in USD
42.12
-0.85 (-1.98%)
At close: 4:01PM EST
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Previous Close42.97
Open42.55
Bid42.00 x 1800
Ask42.22 x 900
Day's Range41.83 - 42.57
52 Week Range37.25 - 68.83
Volume8,642,068
Avg. Volume10,030,022
Market Cap37.627B
Beta (5Y Monthly)0.96
PE Ratio (TTM)30.83
EPS (TTM)1.37
Earnings DateFeb. 26, 2020
Forward Dividend & Yield3.16 (7.35%)
Ex-Dividend DateMar. 08, 2020
1y Target Est51.11
  • Occidental (OXY) to Report Q4 Earnings: What's in the Cards?
    Zacks

    Occidental (OXY) to Report Q4 Earnings: What's in the Cards?

    Occidental Petroleum (OXY) is scheduled to report Q4 earnings on Feb 27. Increase in SG&A expenses are likely to have adversely impacted its earnings.

  • Zacks Value Trader Highlights: AbbVie, Allergan, Occidental, Chevron and CVS
    Zacks

    Zacks Value Trader Highlights: AbbVie, Allergan, Occidental, Chevron and CVS

    Zacks Value Trader Highlights: AbbVie, Allergan, Occidental, Chevron and CVS

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

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

    In the latest trading session, Occidental Petroleum (OXY) closed at $43, marking a +1.15% move from the previous day.

  • Business Wire

    INVESTOR ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Anadarko Petroleum Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    INVESTOR ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Anadarko Petroleum Corporation

  • Analysts Estimate Occidental Petroleum (OXY) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate Occidental Petroleum (OXY) to Report a Decline in Earnings: What to Look Out for

    Occidental (OXY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Business Wire

    EQUITY ALERT: ROSEN, A TOP RANKED FIRM, Announces Filing of Securities Class Action Lawsuit Against Anadarko Petroleum Corporation – APC, OXY

    Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Anadarko Petroleum Corporation (NYSE: APC), now a wholly-owned subsidiary of Occidental Petroleum Corporation (NYSE: OXY), between February 20, 2015 and May 2, 2017, inclusive (the "Class Period"). The lawsuit seeks to recover damages for Anadarko investors under the federal securities laws.

  • One of Your Stock Investments is Being Acquired: Now What?
    Zacks

    One of Your Stock Investments is Being Acquired: Now What?

    One of your companies gets a buyout offer and the shares soar. There might be different strategies for traders and investors on what to do next.

  • GlobeNewswire

    Occidental Announces Dividend

    HOUSTON, Feb. 13, 2020 -- Occidental Petroleum Corporation (NYSE:OXY) said today that its Board of Directors has declared a regular quarterly dividend of $0.79 per share on.

  • Icahn Demands Occidental Reveal If It Got Takeover Approach
    Bloomberg

    Icahn Demands Occidental Reveal If It Got Takeover Approach

    (Bloomberg) -- Activist investor Carl Icahn is calling on the leadership of Occidental Petroleum Corp. to reveal whether they were approached by any potential buyers prior to agreeing to acquire Anadarko Petroleum Corp. for $37 billion.The billionaire, who owns 3% of Occidental, said in a letter to the company’s shareholders Wednesday that Chief Executive Officer Vicki Hollub and Chairman Eugene Batchelder were trying to preserve their own jobs ahead of the interests of investors.“Why did they decide to embark on this ill-advised bet that has already destroyed over $30 billion in stockholder value; and if oil continues its decline, we believe will jeopardize the dividend, leaving stockholders to suffer even more?” Icahn wrote in the letter, a copy of which was seen by Bloomberg News.A representative for Occidental wasn’t immediately available for comment.Occidental’s shares, which have fallen 35% in the past year, rose 3.2% to $42.49 in New York Wednesday, giving the company a market value of $38 billion.Icahn nominated a slate of directors in November to replace the entire Occidental board ahead of its annual general meeting, which hasn’t been scheduled yet. Last year’s shareholder meeting was held in early May.The billionaire investor has been a vocal critic of Occidental’s takeover of Anadarko. He has taken aim at the fact the deal wasn’t taken to a shareholder vote and has been critical of Hollub’s decision to use $10 billion of funding from Warren Buffett for the transaction. He has said in the past he believed Buffett “took her to the cleaners” by accepting the financing for the deal.Icahn said in Wednesday’s letter that he believes the Anadarko deal was a “defensive maneuver” that allowed Occidental to be the acquirer rather than be acquired itself. He argues that Hollub and Batchelder chose to structure the deal in a way that avoided a shareholder vote, in part, because they feared the vote would fail. He also said it allowed them to avoid disclosing in regulatory filings whether it had been approached by a potential acquirer.He said the company should have walked away if they feared they wouldn’t win a shareholder vote. Rival bidder Chevron Corp.did just that, he said.“Chevron, unlike OXY, exercised restraint and refused to engage in a bidding war when the price for Anadarko became untethered,“ he said, referring to Occidental’s stock symbol.Icahn has been seeking records through the courts about the company’s interactions in the lead-up to the Anadarko deal.“If we are right, which we believe we are, these actions are unconscionable under any measure,” he said. “If, on the other hand, we are wrong, then we call upon Hollub and Batchelder to publicly and clearly state whether or not OXY was approached as a possible acquisition target? It’s a very simple question -- one that management should address on the February earnings call.”Shares in Occidental climbed Tuesday after the company said production exceeded estimates despite lower capital spending, a key rationale for the Anadarko deal. Occidental is scheduled to announce its full fourth-quarter results on Feb. 27.“You don’t have to be Sherlock Holmes to realize that these actions point to the fact that Hollub and Batchelder are hiding something important, such as the possibility of an acquirer,” Icahn said. “If ever there was a time for a CEO and Board to be held accountable, it is now.”(Updates with closing share price in fifth paragraph. Anadarko’s name was corrected in an earlier version of this story.)To contact the reporter on this story: Scott Deveau in New York at sdeveau2@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, Fion LiFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Oilprice.com

    Shale Gas Drillers Are Facing A Perfect Storm

    Very low prices, high output, soaring debt and lower Asian LNG demand have created the perfect storm for U.S. natural gas drillers

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

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

    Occidental Petroleum (OXY) closed at $41.18 in the latest trading session, marking a +1.68% move from the prior day.

  • Occidental cuts 2020 capex, to book $1.7 billion charges in fourth quarter
    Reuters

    Occidental cuts 2020 capex, to book $1.7 billion charges in fourth quarter

    The Anadarko deal was an enormous bet on the shale boom continuing and Occidental's ability to find ready buyers for unwanted assets. Occidental has had to slash costs, cut jobs and pull back on expansion plans to show investors it would fully protect its dividend. Occidental projected fourth-quarter production of 1.402 million barrels of oil equivalent per day (boepd) from continuing operations, above analysts' average estimate of 1.337 million boepd, according to IBES data from Refinitiv.

  • Supermajors Are On The Prowl For Fresh Deals In The Permian
    Oilprice.com

    Supermajors Are On The Prowl For Fresh Deals In The Permian

    As Permian Basin bankruptcies and asset write-downs flood the headlines, new opportunities are emerging to scoop up quality acreage at a discount

  • MRO vs. OXY: Which Stock Is the Better Value Option?
    Zacks

    MRO vs. OXY: Which Stock Is the Better Value Option?

    MRO vs. OXY: Which Stock Is the Better Value Option?

  • Occidental Petroleum (OXY) Gains But Lags Market: What You Should Know
    Zacks

    Occidental Petroleum (OXY) Gains But Lags Market: What You Should Know

    Occidental Petroleum (OXY) closed at $40.50 in the latest trading session, marking a +1.05% move from the prior day.

  • Oil & Gas Stock Roundup: ExxonMobil, Chevron & Shell Report Q4 Earnings
    Zacks

    Oil & Gas Stock Roundup: ExxonMobil, Chevron & Shell Report Q4 Earnings

    ExxonMobil (XOM), Shell (RDS.A) and Chevron (CVX) reported significant earnings decline compared to the same period a year earlier.

  • TOTAL (TOT) to Report Q4 Earnings: What's in the Offing?
    Zacks

    TOTAL (TOT) to Report Q4 Earnings: What's in the Offing?

    TOTAL (TOT) is set to release fourth-quarter earnings on Feb 6. Its startups, LNG initiatives and cost management are likely to have had a positive impact on earnings.

  • Calculating The Fair Value Of Occidental Petroleum Corporation (NYSE:OXY)
    Simply Wall St.

    Calculating The Fair Value Of Occidental Petroleum Corporation (NYSE:OXY)

    How far off is Occidental Petroleum Corporation (NYSE:OXY) from its intrinsic value? Using the most recent financial...

  • CNX Resources (CNX) Q4 Earnings & Revenues Beat Estimates
    Zacks

    CNX Resources (CNX) Q4 Earnings & Revenues Beat Estimates

    CNX Resources' (CNX) Q4 earnings & revenues surpass estimates. The company lowers its 2020 production guidance.

  • Occidental Petroleum (OXY) Dips More Than Broader Markets: What You Should Know
    Zacks

    Occidental Petroleum (OXY) Dips More Than Broader Markets: What You Should Know

    In the latest trading session, Occidental Petroleum (OXY) closed at $40.47, marking a -1.77% move from the previous day.

  • 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 29, 2020 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Occidental Petroleum ...

  • ACCESSWIRE

    ANADARKO SHAREHOLDER 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 28, 2020 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Occidental Petroleum ...

  • Google Tops Green-Energy Buys, BlackRock Seen Jogging New Growth
    Bloomberg

    Google Tops Green-Energy Buys, BlackRock Seen Jogging New Growth

    (Bloomberg) -- U.S. tech giants including Alphabet Inc.’s Google led the way as corporations raised the amount of clean energy they bought in 2019 by about 40%. Moving forward, peer pressure by asset managers led by BlackRock Inc. could boost it even more.Corporations and public institutions globally acquired a record 19.5 gigawatts of clean energy through long-term power-supply agreements in 2019, easily beating a record set in 2018, according to a report Tuesday by BloombergNEF. Google topped the list with contracts for more than 2.7 gigawatts, roughly equaling the power of three nuclear reactors.In a letter to CEOs this month, BlackRock Chief Executive Larry Fink said his firm, with $7.4 trillion in assets under management, would prioritize climate change as a “defining factor in companies’ long-term prospects” and that a global climate emergency might upend business sooner than expected.“When investors like BlackRock make commitments, everyone below them doesn’t have a choice but to follow,” Kyle Harrison, the report’s lead author, said in an interview. At the same time, he said a wide range of companies are now “getting pressure from their investors, employees and from companies within their supply chain.”While tech companies dominated clean-energy procurement, a growing number of oil and gas companies are signing deals, including Occidental Petroleum Corp., Chevron Corp. and Energy Transfer Partners LP.The U.S. wasn’t the only growing market for power-supply agreements in 2019. Europe, the Middle East and Africa all had record years in 2019, according to the BloombergNEF report. In Latin America, which recorded three-fold growth, Brazil and Chile have emerged as top markets.“Corporations have purchased over 50GW of clean energy since 2008,” Jonas Rooze, lead sustainability analyst at BNEF, said in statement. “That is bigger than the power generation fleets of markets like Vietnam and Poland.”To contact the reporters on this story: Natalia Kniazhevich in New York at nkniazhevic2@bloomberg.net;Brian Eckhouse in New York at beckhouse@bloomberg.netTo contact the editors responsible for this story: Joe Ryan at jryan173@bloomberg.net, Reg Gale, Joe CarrollFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • 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 ...

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