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.
Industry, Sector and Symbol
Industry Crude petroleum & natural gas
Sub-IndustryIntegrated Oil & Gas
SectorOils/Energy
Phone713-215-7000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$4.80 billion
Profitability
Miscellaneous
Employees11,000
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 announced a quarterly dividend on Thursday, February 28th. Shareholders 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 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.10. The oil and gas producer earned $4.80 billion during the quarter, compared to the consensus estimate of $4.39 billion. Occidental Petroleum had a return on equity of 18.17% and a net margin of 21.87%. The company's revenue was up 33.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 EPS. View Occidental Petroleum's Earnings History.
When is Occidental Petroleum's next earnings date?
What price target have analysts set for OXY?
22 equities research analysts have issued 12-month price targets for Occidental Petroleum's shares. Their predictions 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?
News headlines about OXY stock have been trending somewhat positive this week, according to InfoTrie. The research group identifies negative and positive media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Occidental Petroleum earned a news impact score of 1.9 on InfoTrie's scale. They also gave news stories about the oil and gas producer a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days.
Who are some of Occidental Petroleum's key competitors?
Some companies that are related to Occidental Petroleum include Total (TOT), PetroChina (PTR), PETROLEO BRASIL/ADR (PBR), PETROLEO BRASIL/S (PBR.A), CNOOC (CEO), ENI (E), EOG Resources (EOG), Ecopetrol (EC), The Hong Kong and China Gas (HOKCY), Canadian Natural Resources (CNQ), Pioneer Natural Resources (PXD), WOODSIDE PET LT/ADR (WOPEY), Anadarko Petroleum (APC), Concho Resources (CXO) and Sasol (SSL).
What other stocks do shareholders of Occidental Petroleum own?
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 many different 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 institutional 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 institutional investors are buying Occidental Petroleum stock?
OXY stock was acquired 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?
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 ( ) |
| Outperform Votes: | | 639 (Thanks for Voting!) |
| Underperform Votes: | | 590 (Thanks for Voting!) |
| Total Votes: | | 1,229 |
