HOUSTON, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced its second quarter 2024 financial results. The earnings release and accompanying financial schedules can be accessed via the Investor Relations section of the company's website, oxy.com. The earnings release is also available on the U.S. Securities and Exchange Commission's website at sec.gov. The company will hold a conference call to discuss the results on Thursday, August 8, 2024, at 1 p.m. Eastern/12 p.m. Central. The conf ...

Occidental Petroleum Corp OXY shares are oversold. They are also at support. And stocks that are oversold and at support tend to rally. That's why our team of trading experts has identified it as our Stock of the Day. Most of the time, a stock stays within its typical or average trading range. But if sellers are extremely aggressive and push the shares below this range, traders say that it is "oversold." This is important because it will draw buyers into the market. They will be expecting a reversion back t ...

文章核心观点 - 该公司拥有强劲的自由现金流,为其股息支付提供了有力支撑 [1][2][4][5] - 公司在美国、中东和拉丁美洲拥有强大的上游资产组合,以及良好的管道业务,是一家领先的能源股票,也是伯克希尔·哈撒韦投资组合的核心持股之一 [2] - 公司2023年自由现金流达55亿美元,足以覆盖13亿美元的总股息支付 [5] - 公司预计未来自由现金流将保持强劲,这得益于CrownRock收购的完成 [5] 公司概况 - 公司是一家领先的能源公司,在美国、中东和拉丁美洲拥有强大的上游资产组合,同时也有良好的管道业务 [2] - 公司是伯克希尔·哈撒韦投资组合的核心持股之一,为其提供了每季度5600万美元(年化2.24亿美元)的股息收入 [2] 股息分析 - 公司2024年第一季度自由现金流超过7亿美元,远高于当季3.32亿美元的股息支付 [4] - 公司2023年自由现金流达55亿美元,足以覆盖13亿美元的总股息支付 [5] - 公司未来自由现金流有望保持强劲,这得益于CrownRock收购的完成 [5] - 公司股息收益率虽然不及同行,但仍值得收益型投资者关注 [6]

HOUSTON, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced that it has elected to terminate its previously announced offer to exchange (the "Exchange Offer") any and all outstanding 5.000% Senior Notes due 2029 (the "CrownRock Notes") issued by CrownRock, L.P. ("CrownRock") and CrownRock Finance, Inc. ("CrownRock Finance" and, together with CrownRock, the "CrownRock Notes Issuers") for up to $376,084,000 aggregate principal amount of new 5.000% Senior Notes due 2029 to be issued by Oc ...

HOUSTON, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced that it has elected to terminate its previously announced offer to exchange (the "Exchange Offer") any and all outstanding 5.000% Senior Notes due 2029 (the "CrownRock Notes") issued by CrownRock, L.P. ("CrownRock") and CrownRock Finance, Inc. ("CrownRock Finance" and, together with CrownRock, the "CrownRock Notes Issuers") for up to $376,084,000 aggregate principal amount of new 5.000% Senior Notes due 2029 to be issued by Oc ...

HOUSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) announced today that it has closed its acquisition of CrownRock, L.P. "By completing this transaction, Occidental adds assets that we believe make the best portfolio in our company's history even stronger and more differentiated. We also welcome new team members who will combine with ours to form a high-performing employee base that is focused on safely and efficiently developing low-emission, low-cost energy," said President and Chief Execut ...

HOUSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) announced today that it has closed its acquisition of CrownRock, L.P. "By completing this transaction, Occidental adds assets that we believe make the best portfolio in our company's history even stronger and more differentiated. We also welcome new team members who will combine with ours to form a high-performing employee base that is focused on safely and efficiently developing low-emission, low-cost energy," said President and Chief Execut ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Occidental Petroleum (OXY) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. This oil and gas exploration and production company is expected to post quarterly earnings of $0.80 per share in its upcoming report, which ...

Prior to today's trading, shares of the oil and gas exploration and production company had lost 4.29% over the past month. This has was narrower than the Oils-Energy sector's loss of 10.92% and lagged the S&P 500's gain of 0.1% in that time. Any recent changes to analyst estimates for Occidental Petroleum should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the c ...

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. As of the latest close, OXY shares are trading at $60.18, decreasing 0.59% in the latest trading session, thus adding to the losses of 1.71% suffered in the bearish signal that forebodes a period of diminished returns. Amid the weaker performance of the overall energy sector i ...