Occidental Petroleum (OXY) came out with quarterly earnings of $1.03 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.68 per share a year ago.
Oil stock Occidental Petroleum OXY reported second-quarter financial results after market close Wednesday.
Occidental Petroleum reported a rise in second-quarter profit on Wednesday, as the oil and gas firm benefited from higher oil production and crude prices.
Occidental Petroleum Corp OXY shares are oversold. They are also at support.
Occidental's (OXY) second-quarter earnings are likely to have benefited from strong domestic production volumes and contribution from chemical business.
Occidental Petroleum has assets in both the upstream and midstream links of the energy value chain. The company generates strong free cash flow from which it can source its dividend payments.
Occidental (OXY) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Occidental Petroleum said on Thursday it has closed its $12 billion deal to buy CrownRock.
Occidental (OXY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Occidental Petroleum (OXY) concluded the recent trading session at $60.27, signifying a +0.15% move from its prior day's close.
One of Warren Buffett's favorite holdings, Occidental Petroleum (NYSE: OXY), just exhibited a “Death Cross” pattern on its stock chart following a period of significant volatility, potentially foreshadowing a further decline in price.
Occidental Petroleum has agreed to sell some assets. The company will use the proceeds to repay debt ahead of its CrownRock acquisition.