NYSE:OXY - Occidental Petroleum Stock Price, News, & Analysis

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$65.24 -2.00 (-2.97 %)
(As of 03/22/2019 04:00 PM ET)
Previous Close$65.24
Today's Range$65.13 - $66.85
52-Week Range$56.83 - $87.67
Volume6.14 million shs
Average Volume3.90 million shs
Market Capitalization$48.90 billion
P/E Ratio13.02
Dividend Yield4.64%
Beta0.83
Occidental Petroleum Corp. engages in the exploration and production of oil and natural gas. It operates through the following segments: Oil & Gas, Chemical and Midstream & Marketing. The Oil & Gas segment explores for, develops and produces oil and condensate, natural gas liquids and natural gas. The Chemical segment manufactures and markets basic chemicals and vinyls. The Midstream & Marketing segment purchases, markets, gathers, processes, transports and stores oil, condensate, natural gas liquids, natural gas, carbon dioxide and power. It also trades around its assets, including transportation and storage capacity. The company was founded in 1920 and is headquartered in Houston, TX.

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Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryIntegrated Oil & Gas
SectorOils/Energy
CUSIP67459910
Phone713-215-7000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.80 billion
Cash Flow$10.0369 per share
Book Value$28.25 per share

Profitability

Net Income$4.13 billion

Miscellaneous

Employees11,000
Market Cap$48.90 billion
Next Earnings Date5/14/2019 (Estimated)
OptionableOptionable

Occidental Petroleum (NYSE:OXY) Frequently Asked Questions

What is Occidental Petroleum's stock symbol?

Occidental Petroleum trades on the New York Stock Exchange (NYSE) under the ticker symbol "OXY."

How often does Occidental Petroleum pay dividends? What is the dividend yield for Occidental Petroleum?

Occidental Petroleum declared a quarterly dividend on Thursday, February 28th. Investors of record on Monday, March 11th will be given a dividend of $0.78 per share on Monday, April 15th. This represents a $3.12 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date is Friday, March 8th. View Occidental Petroleum's Dividend History.

How were Occidental Petroleum's earnings last quarter?

Occidental Petroleum Co. (NYSE:OXY) released its earnings results on Tuesday, February, 12th. The oil and gas producer reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.12 by $0.10. The oil and gas producer had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.39 billion. Occidental Petroleum had a return on equity of 18.17% and a net margin of 21.87%. Occidental Petroleum's revenue was up 33.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS. View Occidental Petroleum's Earnings History.

When is Occidental Petroleum's next earnings date?

Occidental Petroleum is scheduled to release their next quarterly earnings announcement on Tuesday, May 14th 2019. View Earnings Estimates for Occidental Petroleum.

What price target have analysts set for OXY?

22 equities research analysts have issued 1-year price objectives for Occidental Petroleum's shares. Their forecasts range from $70.00 to $105.00. On average, they expect Occidental Petroleum's stock price to reach $84.75 in the next year. This suggests a possible upside of 29.9% from the stock's current price. View Analyst Price Targets for Occidental Petroleum.

What is the consensus analysts' recommendation for Occidental Petroleum?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Occidental Petroleum in the last year. There are currently 1 sell rating, 7 hold ratings, 13 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Occidental Petroleum.

What are Wall Street analysts saying about Occidental Petroleum stock?

Here are some recent quotes from research analysts about Occidental Petroleum stock:
  • 1. According to Zacks Investment Research, "Occidental Petroleum benefits from increasing oil production in the Permian Resources and its focus on high-margin production region. The ongoing capital investment will further strengthen the existing operation of the company. However, company’s businesses operate in a highly competitive environment, which may adversely affect profitability and growth. Occidental, similar to other oil and natural gas companies, faces the risk of cost overruns and development interruptions due to delays in drilling and other approvals. Its earnings are subject to the demand for commodities. The ongoing fluctuation in commodity prices are adversely impacting operations of the company. Last month, Occidental Petroleum's shares have underperformed its industry." (3/5/2019)
  • 2. Mizuho analysts commented, "We sympathise. Stronger dividend growth ahead? – Cash return growth, ideally via consistent and sustainable dividend growth, is key to our Renaissance thesis, and OXY is best-positioned among US E&P’s to deliver this dividend growth. In its slide deck, OXY highlights a cash return target of greater than $3.1Bn" in 2019. We think the company signals capacity for stronger dividend growth, and certainly want a much stronger effort than the nominal 1c/quarter of the past two years. We will be looking for additional detail on the call. Unconventional EOR – Demonstrating unconventional EOR commercial success in 2019 is a key to delivering on OXY’s 2022 $9.0Bn operating cash flow target. Expect the company to better define the opportunity set for enhanced recovery opportunities in Permian unconventional on the call." (2/13/2019)

Has Occidental Petroleum been receiving favorable news coverage?

Media coverage about OXY stock has trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Occidental Petroleum earned a news impact score of 1.3 on InfoTrie's scale. They also gave press coverage about the oil and gas producer a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an effect on the stock's share price in the immediate future.

Who are some of Occidental Petroleum's key competitors?

What other stocks do shareholders of Occidental Petroleum own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Occidental Petroleum investors own include Exxon Mobil (XOM), AT&T (T), General Electric (GE), Chevron (CVX), Apache (APA), Intel (INTC), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Wells Fargo & Co (WFC) and ConocoPhillips (COP).

Who are Occidental Petroleum's key executives?

Occidental Petroleum's management team includes the folowing people:
  • Vicki A. Hollub, President, Chief Executive Officer & Director
  • Cedric W. Burgher, Chief Financial Officer & Senior Vice President
  • Marcia E. Backus, Chief Compliance Officer, General Counsel & SVP
  • Edward A. Lowe, Executive Vice President
  • Jennifer M. Kirk, Chief Accounting Officer, VP & Controller

Who are Occidental Petroleum's major shareholders?

Occidental Petroleum's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.93%), Barrow Hanley Mewhinney & Strauss LLC (1.65%), Macquarie Group Ltd. (1.34%), Bank of New York Mellon Corp (1.34%), Northern Trust Corp (1.31%) and Geode Capital Management LLC (1.21%). Company insiders that own Occidental Petroleum stock include Cedric W Burgher, Stephen I Chazen and William R Klesse. View Institutional Ownership Trends for Occidental Petroleum.

Which major investors are selling Occidental Petroleum stock?

OXY stock was sold by a variety of institutional investors in the last quarter, including Barrow Hanley Mewhinney & Strauss LLC, FMR LLC, Standard Life Aberdeen plc, MERIAN GLOBAL INVESTORS UK Ltd, Epoch Investment Partners Inc., Bank of New York Mellon Corp, TD Asset Management Inc. and Toronto Dominion Bank. View Insider Buying and Selling for Occidental Petroleum.

Which major investors are buying Occidental Petroleum stock?

OXY stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, Oregon Public Employees Retirement Fund, Millennium Management LLC, Macquarie Group Ltd., Nordea Investment Management AB, Bank of Nova Scotia, Great West Life Assurance Co. Can and Brandywine Global Investment Management LLC. Company insiders that have bought Occidental Petroleum stock in the last two years include Cedric W Burgher and William R Klesse. View Insider Buying and Selling for Occidental Petroleum.

How do I buy shares of Occidental Petroleum?

Shares of OXY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Occidental Petroleum's stock price today?

One share of OXY stock can currently be purchased for approximately $65.24.

How big of a company is Occidental Petroleum?

Occidental Petroleum has a market capitalization of $48.90 billion and generates $4.80 billion in revenue each year. The oil and gas producer earns $4.13 billion in net income (profit) each year or $5.01 on an earnings per share basis. Occidental Petroleum employs 11,000 workers across the globe.

What is Occidental Petroleum's official website?

The official website for Occidental Petroleum is http://www.oxy.com.

How can I contact Occidental Petroleum?

Occidental Petroleum's mailing address is 5 GREENWAY PLAZA SUITE 110, HOUSTON TX, 77046. The oil and gas producer can be reached via phone at 713-215-7000 or via email at [email protected]


MarketBeat Community Rating for Occidental Petroleum (NYSE OXY)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  639 (Thanks for Voting!)
Underperform Votes:  591 (Thanks for Voting!)
Total Votes:  1,230
MarketBeat's community ratings are surveys of what our community members think about Occidental Petroleum and other stocks. Vote "Outperform" if you believe OXY will outperform the S&P 500 over the long term. Vote "Underperform" if you believe OXY will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/23/2019 by MarketBeat.com Staff

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