Occidental Petroleum Corporation (OXY)
Occidental Petroleum (OXY) Stock Dips While Market Gains: Key Facts
In the closing of the recent trading day, Occidental Petroleum (OXY) stood at $40.83, denoting a -3.48% move from the preceding trading day.
Occidental Petroleum Corporation (OXY) is Attracting Investor Attention: Here is What You Should Know
Recently, Zacks.com users have been paying close attention to Occidental (OXY). This makes it worthwhile to examine what the stock has in store.
Why the Market Dipped But Occidental Petroleum (OXY) Gained Today
Occidental Petroleum (OXY) concluded the recent trading session at $41.8, signifying a +2.18% move from its prior day's close.
Can Occidental (OXY) Keep the Earnings Surprise Streak Alive?
Occidental (OXY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
OXY to Sell OxyChem to Berkshire for $9.7B, Utilize Funds to Cut Debts
Occidental to sell OxyChem to Berkshire for $9.7 billion, using proceeds to cut debt and strengthen its balance sheet.
We Disagree With Mr. Market On Occidental Petroleum
Occidental Petroleum's $9.7 billion sale of OxyChem was punished by the market for several reasons. The company is paying off $6.5 billion in debt, along with additional cash saved, which it can use for returns. Overall, the company will be able to maintain its dividend, and repurchase shares, while saving to repurchase preferred equity.
Time To Buy Occidental Petroleum Stock?
Occidental Petroleum stock (NYSE: OXY) has faced a challenging period. The stock has decreased approximately 20% in the last year, while the S&P 500 has risen 18%.
Occidental Petroleum (OXY) Laps the Stock Market: Here's Why
In the most recent trading session, Occidental Petroleum (OXY) closed at $45.4, indicating a +1.23% shift from the previous trading day.
Jim Cramer Isn't a Big Fan of This Buffett Stock
I was quite surprised to hear that Mad Money host Jim Cramer wasn't too upbeat on shares of Occidental Petroleum (NYSE:OXY) during his show's Lightning Round segment recently.
Occidental Petroleum: Berkshire's Deal For OxyChem Is A Win-Win
Occidental Petroleum benefits from Berkshire Hathaway's $9.7B OxyChem deal, enabling significant debt reduction and a sharper oil and gas focus. OXY will use proceeds to repay $6.5B in long-term debt, lowering interest expenses and achieving its sub-$15B debt target to accelerate shareholder returns. Despite weaker oil prices, OXY maintains stable quarterly financials, and a leaner balance sheet positions the company for upside if energy prices rebound.
Buffett's Big Finish? Berkshire Hathaway strikes $9.7bn deal for OxyChem
Warren Buffett may be signing off as CEO, but not before inking his largest deal in years. Berkshire Hathaway Inc (NYSE:BRK.A) is buying Occidental Petroleum Corp's (NYSE:OXY) chemical unit, OxyChem, for $9.7 billion in cash, a move that gives Buffett one last marquee acquisition before handing the reins to Greg Abel in January.
Berkshire Hathaway set to acquire OxyChem in $10B deal: report
Warren Buffett's Berkshire Hathaway Inc (NYSE:BRK.B) is nearing an agreement to buy OxyChem, a division of Occidental Petroleum Corp (NYSE:OXY), for about $10 billion, The Wall Street Journal reported late Tuesday. If finalized, the acquisition would be Berkshire's largest since 2022 when it bought insurer Alleghany for $11.6 billion.
