OXY - Occidental Petroleum Corporation

NYSE - NYSE Delayed Price. Currency in USD
14.42
+0.02 (+0.14%)
At close: 4:00PM EDT

14.16 -0.26 (-1.77%)
Pre-market: 4:48AM EDT

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Previous close14.40
Open14.70
Bid14.12 x 2900
Ask14.50 x 1000
Day's range13.81 - 14.70
52-week range9.00 - 54.05
Volume31,077,781
Avg. volume46,155,912
Market cap13.22B
Beta (5Y monthly)2.02
PE ratio (TTM)N/A
EPS (TTM)-4.55
Earnings date29 Jul 2020 - 03 Aug 2020
Forward dividend & yield0.44 (3.06%)
Ex-dividend date09 Mar 2020
1y target est14.98
  • Occidental is sued by shareholders, bondholders over Anadarko merger
    Reuters

    Occidental is sued by shareholders, bondholders over Anadarko merger

    Occidental Petroleum Corp has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices, after paying $35.7 billion (29 billion pounds) to acquire Anadarko Petroleum Corp. The proposed securities class action was filed late Tuesday in a New York state court in Manhattan on behalf of former Anadarko shareholders who swapped their stock for Occidental shares, and investors who acquired $24.5 billion of Occidental bonds that helped fund the August 2019 merger. Investors said Occidental should have disclosed in its stock and bond registration statements how quadrupling its debt load to $40 billion would leave it "precariously exposed" to falling oil prices, and undermine its ability to boost shale oil production and its common stock dividend.

  • Motley Fool

    Why You Must Not Dismiss Phillips 66

    To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. It's Thursday, May 21st, and I'm your host Nick Sciple, joining me once again is Motley Fool contributor, Jason Hall. Jason Hall: Running it live right now, buddy; I'm looking at Bloomberg Energy right now.

  • Oil & Gas Stock Roundup: Halliburton Lowers Dividend, National Oilwell Stops Paying
    Zacks

    Oil & Gas Stock Roundup: Halliburton Lowers Dividend, National Oilwell Stops Paying

    Halliburton (HAL) told investors it is cutting its dividend by 75%, while National Oilwell Varco (NOV) board suspended the quarterly payout indefinitely to retain cash in the business.

  • Oilprice.com

    Oil Companies Forced To Renegotiate Deals Or Risk Losing It All

    The oil price collapse is forcing potential buyers of oil and gas fields to try and renegotiate deals or otherwise abandon them entirely

  • Permian Basin Leads Decline In U.S. Shale
    Oilprice.com

    Permian Basin Leads Decline In U.S. Shale

    Oil output in America’s largest shale basins is dropping quickly, and is expected to fall to a two-year low within the next couple of weeks

  • Occidental, TOTAL Cancel Deal for Remaining Africa Assets
    Zacks

    Occidental, TOTAL Cancel Deal for Remaining Africa Assets

    After TOTAL decides against acquiring Occidental's (OXY) Ghana assets, the latter is set to find a new buyer for the same.

  • US Witnesses All-Time Low Oil & Gas Rig Tally for Second Week
    Zacks

    US Witnesses All-Time Low Oil & Gas Rig Tally for Second Week

    Oil drillers in the Permian basin continue to remove rigs since the coronavirus pandemic dented global energy demand.

  • Occidental Petroleum's Ghana Asset Sale Falls Apart
    Motley Fool

    Occidental Petroleum's Ghana Asset Sale Falls Apart

    Occidental Petroleum's (NYSE: OXY) deal to sell its assets in Ghana to French oil giant Total (NYSE: TOT) has unraveled. Total called off the planned transaction after it wasn't able to acquire Occidental's assets in Algeria, which was a condition of the deal. Occidental initially planned to flip its entire African portfolio to Total following its acquisition of Anadarko Petroleum for $8.8 billion.

  • The Zacks Analyst Blog Highlights: EOG Resources, Occidental Petroleum, ExxonMobil, Chevron and BP
    Zacks

    The Zacks Analyst Blog Highlights: EOG Resources, Occidental Petroleum, ExxonMobil, Chevron and BP

    The Zacks Analyst Blog Highlights: EOG Resources, Occidental Petroleum, ExxonMobil, Chevron and BP

  • GlobeNewswire

    Occidental Issues Statement Regarding Agreement With Total

    In August 2019, Total and Occidental entered into a Purchase and Sale Agreement in order for Total to acquire Anadarko’s assets in Africa. Under this agreement, Total and Occidental have since completed the sale and purchase of the Mozambique and South Africa assets. The purchase and sale agreement provided that the sale of the Ghana assets was conditional upon the completion of the Algeria assets’ sale.

  • Reuters

    Total calls off plan to buy Occidental Petroleum's Ghana assets

    Total has called off a plan to acquire Occidental Petroleum's assets in Ghana, which was conditional on the completion of the acquisition of Occidental's other assets in Algeria, the French energy company said on Monday. The deal was part of an $8.8 billion (7.2 billion pounds) agreement reached between Total and Occidental to over Anadarko's assets in Mozambique, Ghana, Algeria, and South Africa.

  • 5 Experts Predict the Next Oil Stocks That Could Go Bankrupt
    Motley Fool

    5 Experts Predict the Next Oil Stocks That Could Go Bankrupt

    Just because oil prices have started going up doesn't mean the worst is over for these companies.

  • With Asset Sales Falling Off the Table, Occidental Petroleum Is Looking at All Other Options to Reduce Debt
    Motley Fool

    With Asset Sales Falling Off the Table, Occidental Petroleum Is Looking at All Other Options to Reduce Debt

    Occidental Petroleum's (NYSE: OXY) ambitious plan to pay off the debt it took on to acquire Anadarko Petroleum has encountered many obstacles. Not only has it been unable to close some asset sales, but plummeting crude oil prices took asset values with them, which will make it impossible to achieve the company's target. Occidental Petroleum initially anticipated that it could net $15 billion from selling assets following the acquisition of Anadarko Petroleum.

  • U.S. Fracking Activity To Hit Rock Bottom In May
    Oilprice.com

    U.S. Fracking Activity To Hit Rock Bottom In May

    Fracking activity in the U.S. has plunged as a result of ultra low oil prices and covid-19, and the number of operations may hit rock bottom in May 2020

  • Occidental Petroleum Reportedly Making Further Moves to Cut Costs
    Motley Fool

    Occidental Petroleum Reportedly Making Further Moves to Cut Costs

    The COVID-19 pandemic, sharply lower oil prices, and a lot of debt has the oil company looking at ways to trim down.

  • Occidental offering voluntary job buyouts, citing need for spending cuts - document
    Reuters

    Occidental offering voluntary job buyouts, citing need for spending cuts - document

    Occidental bet heavily on the continued growth in U.S. shale oil, taking on heavy debts for its controversial purchase of Anadarko Petroleum last year for $38 billion. Energy companies worldwide, including Exxon Mobil Corp and Royal Dutch Shell PLC, have slashed capital expenditures and oil output to reckon with the pandemic. Houston-based Occidental last week posted a $2 billion quarterly loss and has slashed capital spending drastically to shore up its balance sheet.

  • Oil Holds Gains Despite Massive Unemployment
    Oilprice.com

    Oil Holds Gains Despite Massive Unemployment

    Despite the highest rate of unemployment since the great depression, oil prices continued to rally on some positive news from the U.S. and China

  • Enable Midstream Partners LP (ENBL) Q1 2020 Earnings Call Transcript
    Motley Fool

    Enable Midstream Partners LP (ENBL) Q1 2020 Earnings Call Transcript

    Image source: The Motley Fool. Enable Midstream Partners LP (NYSE: ENBL)Q1 2020 Earnings CallMay 6, 2020, 10:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood day and welcome to the Enable Midstream Partners First Quarter 2020 Conference Call and Webcast.

  • Occidental Petroleum Corp (OXY) Q1 2020 Earnings Call Transcript
    Motley Fool

    Occidental Petroleum Corp (OXY) Q1 2020 Earnings Call Transcript

    OXY earnings call for the period ending March 31, 2020.

  • Why Occidental Petroleum Stock Is Plunging Today
    Motley Fool

    Why Occidental Petroleum Stock Is Plunging Today

    Shares of Occidental Petroleum(NYSE: OXY) tumbled more than 10% by 3 p.m. EDT on Wednesday. Weighing on the oil company were its weak first-quarter results and its struggles to manage its lofty debt load amid crashing crude oil prices. Occidental Petroleum posted a steep loss during the first quarter.

  • Business Wire

    ATTENTION OCCIDENTAL PETROLEUM EMPLOYEES/INVESTORS: KlaymanToskes Commences Investigation Into Damages Sustained in Occidental Petroleum Stock Held With Full-Service Brokerage Firms During Coronavirus Pandemic

    KlaymanToskes ("KT"), www.klaymantoskes.com, announced today that it is investigating damages sustained by current and former employees and investors of Occidental Petroleum Corporation (NYSE:OXY) ("Occidental Petroleum") who held large, unhedged concentrated positions in Occidental Petroleum stock and/or received margin calls resulting in the forced sale of stock. The recent losses were the result of unsuitable advice during the Coronavirus ("COVID-19") pandemic. The investigation focuses on full-service brokerage firms’ negligence and failure to supervise the management of concentrated, leveraged positions in Occidental Petroleum stock.

  • Occidental Petroleum to continue Anadarko's investment in Algeria
    Reuters

    Occidental Petroleum to continue Anadarko's investment in Algeria

    Algeria has agreed to maintain Anadarko's contract with state firm Sonatrach, and Occidental Petroleum Corp will continue investment in the OPEC member country, the energy ministry said on Wednesday. Algeria has blocked Occidental Petroleum's deal to sell Anadarko assets in the country to France's Total . Occidental Petroleum has informed the ministry of its new strategic approach and its "commitment to continuing Anadarko Algeria Corporation activities in Algeria," and it will seek new partnership opportunities, the statement said.

  • Occidental (OXY) Q1 Loss Wider Than Expected, Revenues Top
    Zacks

    Occidental (OXY) Q1 Loss Wider Than Expected, Revenues Top

    Occidental's (OXY) first-quarter revenues surpass the Zacks Consensus Estimate. The company withdraws its 2020 guidance on account of market disruption caused by COVID-19.

  • Occidental looks to raise cash, get debt under control
    Reuters

    Occidental looks to raise cash, get debt under control

    Occidental Petroleum Corp said on Wednesday it is looking at a series of options to shore up its impaired balance sheet, including raising cash or refinancing debt, a day after posting a $2 billion loss. Energy companies worldwide, including Exxon Mobil Corp and Royal Dutch Shell PLC , have slashed capital expenditures and oil output to reckon with the collapse in fuel demand due to the coronavirus pandemic. Asset sales planned to reduce debt from the Anadarko acquisition in Africa have been sidetracked, and it soon may be forced to cut the value of those and other properties due to the crash.

  • Occidental posts $2.2 bln loss on charges, deepens spending cuts
    Reuters

    Occidental posts $2.2 bln loss on charges, deepens spending cuts

    Occidental Petroleum Corp on Tuesday swung to a first quarter loss on writedowns and charges, and the troubled U.S. oil producer cut its budget for the third time since March in response to a historic oil-price crash. The company has been struggling with debt taken on in last year's $38 billion acquisition of Anadarko Petroleum, an ill-timed bet on rising shale oil prices ahead of a market dive. Occidental's results included a $1.4 billion impairment charge on its Western Midstream pipeline assets, a $580 million writedown of oil and gas properties and $670 million loss on interest-rate swaps.