|Bid||82.19 x 800|
|Ask||84.58 x 4000|
|Day's range||82.84 - 84.10|
|52-week range||57.84 - 87.67|
|PE ratio (TTM)||33.74|
|Earnings date||31 Jul 2018 - 6 Aug 2018|
|Forward dividend & yield||3.08 (3.63%)|
|1y target est||91.52|
Investors have shunned producers that do business in the Permian Basin in Texas and New Mexico as a crude-oil bottleneck threatens to leave barrels of Texas tea stranded. Occidental Petroleum and Pioneer Natural Resources have lagged behind the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund (XOP) by a large margin, because of Permian pipeline angst.
Investors seeking to preserve capital in a volatile environment might consider large-cap stocks such as Occidental Petroleum Corporation (NYSE:OXY) a safer option. Risk-averse investors who are attracted to diversified streamsRead More...
Occidental Petroleum (OXY) is seeing solid earnings estimate revision activity and is a great company from a Zacks Industry Rank perspective.
Phillips 66 (PSX) proposes construction of two 150,000 barrel-per-day NGL fractionators and additional storage capacity as part of the Sweeny Hub expansion.
In this final part of our series, we’ll discuss the YoY (year-over-year) stock performances of ConocoPhillips (COP), EOG Resources (EOG), Anadarko Petroleum (APC), Occidental Petroleum (OXY), and EQT Corporation (EQT).
As we can see in the graph above, OXY’s quarterly capex spending levels since Q1 2017 have mostly been higher than the corresponding quarters in 2016. OXY’s capex forecast for 2018 is $3.9 billion compared to its capital spending of ~$3.6 billion in 2017 and $2.7 billion in 2016.
The progress in the development of Exxon Mobil's (XOM) Liza Phase 1 is estimated to generate more than $7 billion in royalty and profit oil revenues.
Today’s North Korea summit, and its apparent success, have been dominating news headlines at the start of the week, but oil market appear to be unimpressed by the lack of actionable news being released
Major indexes are likely to maintain their northbound movement in the near term. Strong weekly gains have placed all three indexes in the green year to date.
Europe’s second-largest fund manager will vote against reappointing the chairmen of eight global companies, including Occidental Petroleum , Subaru and China Construction Bank , in protest at their slow ...
Mizuho's Paul Sankey initiated coverage on some big oil stocks on Friday, and he prefers Chevron (CVX) over Exxon Mobil (XOM). Sankey has a Buy rating and $145 price target on Chevron, as he believes it is in a "multi-year sweet spot" with lower capital expenditures at a time when annual volume is growing around 6% through 2020. In fact, he writes that Chevron's outlook is the mirror image of Exxon, which is seeing an increase in capital expenditures as it looks to offset lackluster volumes through 2020.
Strong international demand for crude oil, a tight global oil inventories and stabilization of oil production level will boost oil price rally in the near term.
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Occidental Petroleum (OXY) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
On May 30–June 6, our list of oil-weighted stocks fell 3.8%. US crude oil July futures fell 5.1% during this period. However, some oil stocks bucked the trend. Below are the oil-weighted stocks with the biggest increases in the trailing week. California Resources (CRC) rose 7.1%. Occidental Petroleum (OXY) rose 2.8% Hess (HES) rose 1%.
A healthy labor market, gradual fading out of trade conflict and an impending rate hike along with a strong U.S. economy will help stock market bull-run to continue.
Occidental Petroleum Corporation is at a 52-week high, but can investors hope for more gains in the future? We take a look at the fundamentals for OXY for clues.
SM Energy (SM) intends to utilize the proceeds from the divestment to lower outstanding debt and for other corporate activities.