Occidental Petroleum Corporation (OXY)
Occidental Petroleum Corporation (OXY) is Attracting Investor Attention: Here is What You Should Know
Occidental (OXY) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Occidental Petroleum: Unpacking Its Onshore Oil & Gas Strength
Occidental Petroleum Co. NYSE: OXY is known for being one of the largest oil and gas producers in the United States, as well as being Warren Buffet's favorite stock in the energy sector based on his Berkshire Hathaway Inc. NYSE: BRK.A NYSE: BRK.B cumulative holdings of 28.2% ownership in the company.
Occidental Petroleum: $65 Oil Price Won't Last
The selloff on OXY since my last writing was overdone for several reasons. The sharp drop in oil prices (currently around $65 only) is unlikely to sustain, creating a large bias for OXY's earning prospects. Potential catalysts that lead to an oil price recovery include record low level of the U.S. Strategic Petroleum Reserve and also multi-year low level of crude oil inventory.
Algeria's Sonatrach, Occidental Petroleum sign MOUs on hydrocarbon cooperation
Algerian energy firm Sonatrach signed two memorandums of understanding (MOU) with U.S. shale company Occidental Petroleum to expand cooperation in hydrocarbon exploration and production in Algeria, Sonatrach said in a statement.
Occidental Stock Down 20% in a Month: Time to Hold or Fold?
OXY is exposed to commodity price fluctuation, but investors can remain invested, given its strong Permian Basin assets and free cash flow generation capacity.
Occidental Petroleum (OXY) Ascends But Remains Behind Market: Some Facts to Note
In the most recent trading session, Occidental Petroleum (OXY) closed at $37.90, indicating a +0.61% shift from the previous trading day.
Warren Buffett's OXY stock bet is down this much
Warren Buffett's high-conviction bet on Occidental Petroleum (NYSE: OXY) is facing one of its toughest tests yet.
Occidental Petroleum Corporation (OXY) Is a Trending Stock: Facts to Know Before Betting on It
Zacks.com users have recently been watching Occidental (OXY) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Occidental Petroleum says it realized higher prices for oil in Q1
U.S. shale firm Occidental Petroleum said on Wednesday the prices it received for oil produced during the first quarter were higher than in the preceding three months.
Buffett's Next Oil Bet: Why Occidental Is Different
But Buffett wasn't always a fan of oil & energy sector stocks. In fact, his high-profile foray into oil domestic oil stocks with ConocoPhillips NYSE: COP was personally proclaimed to be a “major mistake” by the Oracle of Omaha himself.
Will Occidental (OXY) Beat Estimates Again in Its Next Earnings Report?
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.
Buffet Trims Equities, But Still Keeps Buying This Stock
Occidental Petroleum Co. NYSE: OXY stock and Warrant Buffett are often used in the same sentence these days. Even as Warren Buffett has raised his cash holdings in Berkshire Hathaway Inc. NYSE: BRK.A NYSE: BRK.B, Occidental was one of the few stocks he has upped his stakes in.
