OXY - Occidental Petroleum Corporation
| Previous close | 77.60 |
| Open | 78.89 |
| Bid | 79.02 x 1800 |
| Ask | 79.03 x 800 |
| Day's range | 78.58 - 79.98 |
| 52-week range | 61.59 - 87.67 |
| Volume | 2,708,429 |
| Avg. volume | 4,287,598 |
| Market cap | 60.398B |
| Beta | 0.76 |
| PE ratio (TTM) | 27.13 |
| EPS (TTM) | 2.91 |
| Earnings date | 30 Oct 2018 - 5 Nov 2018 |
| Forward dividend & yield | 3.12 (4.02%) |
| Ex-dividend date | 2018-09-07 |
| 1y target est | 96.57 |
Market Realist•4 hours agoWhy ConocoPhillips Is Outperforming Peers This Year
So far in this series, we’ve compared ConocoPhillips’s (COP), EOG Resources’ (EOG), Occidental Petroleum’s (OXY), and Anadarko Petroleum’s (APC) proven reserves, recent operating performance, and capital expenditure guidance. In this article, we’ll look at their recent market performance.
Market Realist•6 hours agoA Look at the Four Biggest Upstream Companies’ Capex Plans
This year, ConocoPhillips (COP) expects its capital expenditure to rise 30.7% YoY (year-over-year), to $6.0 billion from $4.6 billion. ConocoPhillips increased its capex guidance in the second quarter by $500 million.
Market Realist•7 hours agoUpstream Stocks Saw Strong Buying Last Week
Upstream energy stocks saw strong buying in the week ending September 14 amid sharp gains in crude oil prices. US crude oil went above $70 per barrel due to the bullish inventory report from the U.S. Energy Information Administration and Iran sanctions. The gains were partially offset by a decline due to concerns about how trade wars will impact global demand. Overall, US crude oil rose 1.8% and ended the week at $69 per barrel. On the other hand, US natural gas fell 0.3% and ended the week at $2.77 per MMBtu (million British thermal units).
Market Realist•7 hours agoCOP, EOG, OXY, APC: Which Generated the Highest Free Cash Flow?
Previously, we looked at ConocoPhillips’s (COP), EOG Resources’ (EOG), Occidental Petroleum’s (OXY), and Anadarko Petroleum’s production growth (APC). In this article, we’ll look into their adjusted EBITDAX (earnings before interest, tax, depreciation, and amortization, and exploration expenses) and free cash flow.
Market Realist•yesterdayWhich Upstream Company Expects the Highest Production Growth
In Q2 2018, EOG Resources (EOG) saw the highest YoY (year-over-year) production growth among peers. EOG’s average daily production rose 16.3% YoY to 702.2 Mboepd (thousand barrels of oil equivalent per day) from 603.9 Mboepd, beating its crude oil, natural gas, and NGL (natural gas liquid) production target. It saw strong production growth in the Delaware, Eagle Ford, and Powder River basins, driven by improved drilling activity and efficiency.
- Market Realist•yesterday
EOG Sees the Largest Increase in Proven Reserves among Peers
Between 2016 and 2017, ConocoPhillips’ (COP) total proven reserves, including equity affiliates, fell 21.6% to 5,038 MMboe (million barrels of oil equivalent), of which 47.7% were oil and 39.3% were natural gas. The decline was mainly due to the sale of its San Juan and Panhandle natural gas assets. However, it still has the highest reserves among peers.
- Market Realist•yesterday
COP, EOG, OXY, APC: The Largest Independent Upstream Companies
In this series, we’ll compare the four largest independent E&P (exploration and production) players by market capitalization: ConocoPhillips (COP), EOG Resources (EOG), Occidental Petroleum (OXY), and Anadarko Petroleum (APC). In the first five articles, we’ll analyze their recent operating performance, capex plans, and valuation. Later, we’ll look at their recent market performance, technical indicators, institutional activity, and analyst recommendations. Let’s start with a brief overview of the four peers.
- Zacks•4 days ago
The Zacks Analyst Blog Highlights: Becton, Occidental, Phillips, Allstate and Deutsche
The Zacks Analyst Blog Highlights: Becton, Occidental, Phillips, Allstate and Deutsche
- Zacks•5 days ago
Top Analyst Reports for Becton, Dickinson, Occidental Petroleum & Phillips 66
Top Analyst Reports for Becton, Dickinson, Occidental Petroleum & Phillips 66
- Simply Wall St.•7 days ago
What Do Analysts Think About Occidental Petroleum Corporation’s (NYSE:OXY) Future?
Based on Occidental Petroleum Corporation’s (NYSE:OXY) earnings update in June 2018, the consensus outlook from analysts appear highly confident, with profits predicted to ramp up by an impressive 73.4% nextRead More...
Market Realist•11 days agoPioneer Natural Resources Is in Seventh Place for Analyst Ratings
Pioneer Natural Resources (PXD) ranks seventh among upstream companies in terms of analysts’ ratings. About 89% of analysts surveyed by Reuters rate PXD a “buy” as of September 4, while the remaining 11% rate it a “hold.”
- Zacks•11 days ago
Why Is Occidental (OXY) Down 0.3% Since Last Earnings Report?
Occidental (OXY) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Motley Fool•12 days ago
The 5 Biggest Oil Stocks in the U.S.
While these U.S.-based oil producers have the largest market values in the sector, they still have ample upside from rising oil prices and their prime position in the country’s fastest-growing oil-producing regions.
Market Realist•18 days agoEOG Resources Is the Second Least Volatile E&P Stock
EOG Resources (EOG) ranks second among E&P stocks in terms of volatility. The 200-day volatility of EOG was 25.1%, which was lower than the 200-day volatility of the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) at 27.6%.
Market Realist•22 days agoThe WTI Spread Is Still High: How This Affects Permian Producers
The WTI Cushing–WTI Midland spread, a key indicator Permian producers watch, remained elevated last week. The spread rose to $16.7 per barrel during the week before ending up at $16.0 per barrel on August 24, significantly higher than the 2018 average of $6.8 per barrel.
Market Realist•25 days agoInstitutional Investors’ Views on Occidental Petroleum
Fidelity Management & Research and Two Sigma Investments were Occidental Petroleum’s (OXY) biggest buyers during the second quarter, buying 4.2 million and 3.9 million shares, respectively. Meanwhile, American Century Investments and Point72 Asset Management, OXY’s two biggest sellers, sold 3.2 million and 3.1 million shares. Among OXY’s top five buyers and sellers, 2.8 million shares were bought, indicating bullishness.
- Market Realist•25 days ago
What’s Making Institutional Investors Bullish on EOG Resources
Capital Research Global Investors and Fidelity Management & Research were EOG Resources’ (EOG) biggest buyers in the second quarter, buying 7.6 million and 4.7 million EOG shares, respectively. Meanwhile, Amundi Pioneer Asset Management and MFS Investment Management, the biggest sellers, sold 1.8 million and 1.2 million shares, respectively.
- Oilprice.com•28 days ago
Spending Boost Fails To Raise Production In The Permian
As the U.S. shale patch prepares to raise capital spending, production lags behind, giving some analyst the idea that the highly touted efficiency gains are reaching their limit
Market Realist•28 days agoWTI Spread Rose Last Week, Impacted Permian Producers
The WTI Cushing-WTI Midland spread is a key indicator to watch for Permian producers. Last week, the spread bounced back after falling to $12.0 per barrel in the week ending August 10. The spread rose to $17.3 per barrel last week and ended the week at $15.6 per barrel. The spread is significantly higher than the average of $6.5 per barrel in 2018.
Market Realist•28 days agoUpstream Stocks Fell, Crude Oil Is near Two-Month Lows
US E&P (exploration & production) stocks fell in the week ending August 17 after crude oil breached the $65 per barrel level and came closer to the two-month low of $64.7 per barrel. Overall, US crude oil fell 2.5% last week and ended at $65.9 per barrel. The expectations of low global demand due to a rise in trade war tensions, a higher-than-expected increase in US crude inventories, and the strong US dollar weighed on crude oil prices last week. A decline in crude oil prices and the widening WTI spread leads to weakness in upstream stocks.
- Zacks•last month
The Zacks Analyst Blog Highlights: Home Depot, United Parcel, Occidental, Disney and Blackstone
The Zacks Analyst Blog Highlights: Home Depot, United Parcel, Occidental, Disney and Blackstone
- Zacks•last month
Top Analyst Reports for Home Depot, UPS & Occidental Petroleum
Top Analyst Reports for Home Depot, UPS & Occidental Petroleum
- Zacks•last month
The Zacks Analyst Blog Highlights: Occidental, Cheniere, Apache, Diamondback and Energen
The Zacks Analyst Blog Highlights: Occidental, Cheniere, Apache, Diamondback and Energen
Market Realist•last monthWTI Spreads Narrow: How Could Permian Producers Be Affected?
The WTI Cushing–WTI Midland spread, a key indicator for Permian producers and pipeline MLPs, narrowed last week, to ~$12 from $18 per barrel the week prior. However, it is still wider than this year’s average spread of $6.20 per barrel.
Market Realist•last monthCould Exploration and Production Stocks Recover This Week?
US E&P (exploration and production) stocks, particularly oil-weighted stocks, were sluggish last week (ended August 10) due to crude oil prices falling sharply mid-week. Although crude oil recovered slightly on Friday, it fell 1.3% last week to close at $67.60 per barrel. Trade tensions, expectations of lower demand, and strength in the US dollar weighed on crude oil prices, while sanctions on Iranian oil supported them.
