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. The Chemical segment manufactures and markets basic chemicals, including chlorine, caustic soda, chlorinated organics, potassium chemicals, ethylene dichloride, chlorinated isocyanurates, sodium silicates, and calcium chloride; vinyls comprising vinyl chloride monomer, polyvinyl chloride, and ethylene. The Midstream and Marketing segment gathers, processes, transports, stores, purchases, and markets oil, condensate, NGLs, natural gas, carbon dioxide, and power. This segment also trades around its assets consisting of transportation and storage capacity; and invests in entities. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas.
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 Date8/14/2019 (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, May 9th. Stockholders of record on Monday, June 10th will be paid a dividend of $0.78 per share on Monday, July 15th. This represents a $3.12 annualized dividend and a dividend yield of 5.84%. The ex-dividend date of this dividend is Friday, June 7th. View Occidental Petroleum's Dividend History.
How were Occidental Petroleum's earnings last quarter?
Occidental Petroleum Co. (NYSE:OXY) announced its quarterly earnings data on Sunday, May, 5th. The oil and gas producer reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.12. The oil and gas producer earned $4.09 billion during the quarter, compared to analysts' expectations of $4.02 billion. Occidental Petroleum had a return on equity of 17.70% and a net margin of 21.17%. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 EPS. View Occidental Petroleum's Earnings History.
When is Occidental Petroleum's next earnings date?
What price target have analysts set for OXY?
21 brokers have issued 1-year target prices for Occidental Petroleum's stock. Their forecasts range from $54.61 to $105.00. On average, they expect Occidental Petroleum's share price to reach $75.5694 in the next twelve months. This suggests a possible upside of 41.4% from the stock's current price. View Analyst Price Targets for Occidental Petroleum.
What is the consensus analysts' recommendation for Occidental Petroleum?
21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Occidental Petroleum in the last year. There are currently 1 sell rating, 13 hold ratings and 7 buy ratings 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, "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. Contribution from the Chemical and Midstream segment are going to drive its performance. Its decision to divest the lower margin oil and gas assets will be productive for the company over the long run. However, 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 highly competitive industry and ongoing fluctuation in commodity prices are adversely impacting operations of the company. In last six months, Occidental Petroleum's shares have underperformed its industry." (4/18/2019)
- 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 articles about OXY stock have been trending positive on Friday, InfoTrie Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Occidental Petroleum earned a coverage optimism score of 2.3 on InfoTrie's scale. They also assigned news stories about the oil and gas producer a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the next few days.
Are investors shorting Occidental Petroleum?
Occidental Petroleum saw a increase in short interest during the month of April. As of April 30th, there was short interest totalling 13,973,843 shares, an increase of 40.4% from the April 15th total of 9,952,831 shares. Based on an average daily volume of 13,043,601 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.9% of the company's stock are sold short. 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 Total (TOT), PetroChina (PTR), PETROLEO BRASIL/ADR (PBR), PETROLEO BRASIL/S (PBR.A), CNOOC (CEO), ENI (E), EOG Resources (EOG), The Hong Kong and China Gas (HOKCY), Anadarko Petroleum (APC), Ecopetrol (EC), Canadian Natural Resources (CNQ), Pioneer Natural Resources (PXD), WOODSIDE PET LT/ADR (WOPEY), Concho Resources (CXO) 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 many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.70%), Wellington Management Group LLP (1.62%), Macquarie Group Ltd. (1.43%), Northern Trust Corp (1.32%), Geode Capital Management LLC (1.27%) and Morgan Stanley (1.07%). Company insiders that own Occidental Petroleum stock include Cedric W Burgher 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 AJO LP, BlackRock Inc., FMR LLC, Voya Investment Management LLC, PNC Financial Services Group Inc., Adams Asset Advisors LLC, Jacobs Levy Equity Management Inc. and Artisan Partners Limited Partnership. View Insider Buying and Selling for Occidental Petroleum.
Which institutional investors are buying Occidental Petroleum stock?
OXY stock was bought by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Macquarie Group Ltd., First Trust Advisors LP, Hexavest Inc., Charles Schwab Investment Management Inc., Renaissance Technologies LLC, Geode Capital Management LLC and Great West Life Assurance Co. Can. 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 $53.44.
How big of a company is Occidental Petroleum?
Occidental Petroleum has a market capitalization of $39.97 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)
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.
