Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.
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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$18.93 billion
Profitability
Miscellaneous
Employees11,000
Next Earnings Date2/11/2020 (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 Wednesday, November 6th. Investors of record on Tuesday, December 10th will be given a dividend of $0.79 per share on Wednesday, January 15th. This represents a $3.16 annualized dividend and a yield of 8.35%. The ex-dividend date is Monday, December 9th. View Occidental Petroleum's Dividend History.
How were Occidental Petroleum's earnings last quarter?
Occidental Petroleum Co. (NYSE:OXY) posted its quarterly earnings results on Monday, November, 4th. The oil and gas producer reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.41 by $0.30. The oil and gas producer had revenue of $5.87 billion for the quarter, compared to analysts' expectations of $5.59 billion. Occidental Petroleum had a return on equity of 9.98% and a net margin of 6.34%. Occidental Petroleum's revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.77 EPS. View Occidental Petroleum's Earnings History.
When is Occidental Petroleum's next earnings date?
What price target have analysts set for OXY?
19 Wall Street analysts have issued 1 year target prices for Occidental Petroleum's stock. Their forecasts range from $36.00 to $80.00. On average, they expect Occidental Petroleum's stock price to reach $59.30 in the next year. This suggests a possible upside of 56.7% from the stock's current price. View Analyst Price Targets for Occidental Petroleum.
What is the consensus analysts' recommendation for Occidental Petroleum?
19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Occidental Petroleum in the last year. There are currently 2 sell ratings, 13 hold ratings, 3 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." 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, "Shares of Occidental have underperformed the industry year to date. Worryingly, rising freight rates due to U.S. sanctions could impact the company’s margins. Occidental, similar to other oil and gas companies, faces the risk of cost overruns and interruptions due to delays in drilling and approvals. The competitive industry and ongoing fluctuation in commodity prices are adversely impacting the company’s operations. However, Occidental is benefiting from increasing oil production from Permian resources. Its acquisition of Anadarko will further expand operations in the Permian Basin. Occidental’s decision to divest lower-margin oil and gas assets will be productive for the company over the long run. Expense management and oil production from high-quality U.S. onshore assets are going to drive its performance." (10/15/2019)
- 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 trended somewhat positive recently, InfoTrie reports. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Occidental Petroleum earned a media sentiment score of 0.9 on InfoTrie's scale. They also assigned news coverage about the oil and gas producer a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Occidental Petroleum.
Are investors shorting Occidental Petroleum?
Occidental Petroleum saw a increase in short interest during the month of October. As of October 15th, there was short interest totalling 13,810,000 shares, an increase of 14.1% from the September 15th total of 12,100,000 shares. Based on an average trading volume of 9,200,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.6% of the shares of the company are short sold. View Occidental Petroleum's Current Options Chain.
Who are some of Occidental Petroleum's key competitors?
Some companies that are related to Occidental Petroleum include PETROLEO BRASIL/ADR (PBR), PETROLEO BRASIL/S (PBR.A), PetroChina (PTR), CNOOC (CEO), ENI (E), EOG Resources (EOG), Ecopetrol (EC), Canadian Natural Resources (CNQ), The Hong Kong and China Gas (HOKCY), WOODSIDE PET LT/ADR (WOPEY), Pioneer Natural Resources (PXD), Rwe Ag Sp (RWEOY), Concho Resources (CXO), GALP ENERGIA SG/ADR (GLPEY) and Diamondback Energy (FANG).
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:
- Ms. Vicki A. Hollub, Pres, CEO & Director (Age 59)
- Mr. Cedric W. Burgher CFA, Sr. VP & CFO (Age 58)
- Ms. Marcia E. Backus, Sr. VP, Gen. Counsel & Chief Compliance Officer (Age 65)
- Mr. Edward Arthur Lowe, Exec. VP & Group Chairman of Middle East (Age 68)
- Mr. Glenn M. Vangolen, Sr. VP of Bus. Support (Age 60)
Who are Occidental Petroleum's major shareholders?
Occidental Petroleum's stock is owned by a variety of of retail and institutional investors. Top institutional investors include State Street Corp (4.87%), Icahn Carl C (2.95%), Sumitomo Mitsui Trust Holdings Inc. (0.47%), Parametric Portfolio Associates LLC (0.33%), Great West Life Assurance Co. Can (0.32%) and Russell Investments Group Ltd. (0.29%). Company insiders that own Occidental Petroleum stock include Avedick Baruyr Poladian, Bob Shearer, Cedric W Burgher, Eugene L Batchelder, Kenneth Dillon, Marcia E Backus, Margaret M Foran, Oscar K Brown, Vicki A Hollub 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 Icahn Carl C, Massachusetts Financial Services Co. MA, Eagle Asset Management Inc., Robeco Institutional Asset Management B.V., Worldquant Millennium Advisors LLC, Gateway Investment Advisers LLC, Great West Life Assurance Co. Can and Boston Private Wealth LLC. 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 State Street Corp, Point72 Asset Management L.P., Smead Capital Management Inc., Parametric Portfolio Associates LLC, Squarepoint Ops LLC, California Public Employees Retirement System, Sumitomo Mitsui Trust Holdings Inc. and Rhumbline Advisers. Company insiders that have bought Occidental Petroleum stock in the last two years include Avedick Baruyr Poladian, Bob Shearer, Cedric W Burgher, Eugene L Batchelder, Kenneth Dillon, Marcia E Backus, Margaret M Foran, Oscar K Brown, Vicki A Hollub 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, Robinhood, Fidelity and Charles Schwab.
What is Occidental Petroleum's stock price today?
One share of OXY stock can currently be purchased for approximately $37.83.
How big of a company is Occidental Petroleum?
Occidental Petroleum has a market capitalization of $33.79 billion and generates $18.93 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.View Additional Information About Occidental Petroleum.
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)
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.
