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Occidental Petroleum Is Making Sure It Doesn't Repeat Its Past Mistakes
The Motley Fool· 2024-07-30 17:08
文章核心观点 - 该公司正在采取积极措施减少债务,包括出售非核心资产以偿还部分收购CrownRock所产生的债务 [3][6][7] - 该公司的收购融资策略与同行不同,更倾向于使用现金而非股票,这与其2019年收购Anadarko的做法相似,当时差点导致公司破产 [4][5] - 公司正在加快出售资产的步伐,以确保不会重复过去的错误,已经完成了约20%的资产出售目标 [7][8][9] 根据相关目录分别进行总结 公司收购CrownRock的融资策略 - 公司计划发行90.1亿美元新债券和承担12亿美元CrownRock的债务,来为收购CrownRock提供资金 [4] - 这种高度依赖债务的收购融资策略与公司同行的做法不同,他们更倾向于采用全股票交易的方式 [5] 公司出售资产以偿还债务 - 公司计划在完成CrownRock收购12个月内偿还至少45亿美元债务,主要通过自由现金流和资产出售收益实现 [6] - 公司已经完成了约9.7亿美元的资产出售,占其18个月内45-60亿美元资产出售目标的20%左右 [7] - 公司正在与哥伦比亚最大石油公司Ecopetrol就出售CrownRock30%股权进行谈判,这可以帮助公司快速实现资产出售目标 [8] - 公司还可能出售其在管道运营商Western Midstream Partners的50%权益 [9]
Occidental Announces Progress on Divestiture and Debt Reduction Program
Newsfilter· 2024-07-29 18:30
Occidental is an international energy company with assets primarily in the United States, the Middle East and North Africa. We are one of the largest oil and gas producers in the U.S., including a leading producer in the Permian and DJ basins, and offshore Gulf of Mexico. Our midstream and marketing segment provides flow assurance and maximizes the value of our oil and gas. Our chemical subsidiary OxyChem manufactures the building blocks for life-enhancing products. Our Oxy Low Carbon Ventures subsidiary is ...
Occidental Announces Progress on Divestiture and Debt Reduction Program
GlobeNewswire News Room· 2024-07-29 18:30
Additional dispositions in 2024 with total purchase price proceeds of approximately $152 million bring total year-to-date proceeds of closed or announced divestments to $970 million HOUSTON, July 29, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced it has agreed to sell certain Delaware Basin assets in Texas and New Mexico to Permian Resources (NYSE: PR) for approximately $818 million and separately completed several dispositions totaling approximately $152 million in 2024. Sales proceeds fro ...
Occidental (OXY) Gains 5.4% in 15 Days: Should You Hold or Fold?
ZACKS· 2024-07-26 22:25
文章核心观点 - 公司在高度竞争的行业中运营,这可能会给新增油气储备和补充产量带来挑战 [1] - 公司专注于美国境内业务和勘探页岩油气资源,这有利于公司业绩 [4][5] - 公司通过大规模资产剥离偿还债务,降低了利息支出,提高了利润率 [6] - 公司面临着大宗商品价格波动的风险,如果价格大幅下跌将影响公司业绩 [8] - 公司的投资回报率低于行业平均水平 [9][10] - 分析师对公司未来盈利预期有所下调,反映出对公司信心降低 [11][12] - 公司股价估值较高,相对行业平均水平有溢价 [13][14] 公司相关 - 公司专注于美国境内业务,尤其是勘探开发页岩油气资源,这为公司带来了积极影响 [4][5] - 公司通过大规模资产剥离偿还债务,降低了利息支出,提高了利润率 [6] - 公司面临着大宗商品价格波动的风险,如果价格大幅下跌将影响公司业绩 [8] - 公司的投资回报率低于行业平均水平 [9][10] - 分析师对公司未来盈利预期有所下调,反映出对公司信心降低 [11][12] - 公司股价估值较高,相对行业平均水平有溢价 [13][14] 行业相关 - 公司在高度竞争的行业中运营,这可能会给新增油气储备和补充产量带来挑战 [1] - 公司面临着大宗商品价格波动的风险,如果价格大幅下跌将影响公司业绩 [8] - 公司的投资回报率低于行业平均水平 [9][10] - 公司股价估值较高,相对行业平均水平有溢价 [13][14]
Occidental Announces Dividend
GlobeNewswire News Room· 2024-07-26 00:00
HOUSTON, July 25, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) announced today that its Board of Directors declared a regular quarterly dividend of $0.22 per share on common stock, payable on October 15, 2024, to stockholders of record as of the close of business on September 10, 2024. About Occidental Occidental is an international energy company with assets primarily in the United States, the Middle East and North Africa. We are one of the largest oil and gas producers in the U.S., including a leading ...
Here's Why Occidental Petroleum (OXY) Fell More Than Broader Market
ZACKS· 2024-07-24 07:05
The investment community will be paying close attention to the earnings performance of Occidental Petroleum in its upcoming release. The company is slated to reveal its earnings on August 7, 2024. The company is forecasted to report an EPS of $0.86, showcasing a 26.47% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $7.2 billion, indicating a 7.01% growth compared to the corresponding quarter of the prior year. Res ...
Occidental Announces Commencement of Exchange Offer and Consent Solicitation for CrownRock Notes
Newsfilter· 2024-07-19 20:55
(1) For each $1,000 principal amount of CrownRock Notes validly tendered and accepted for exchange. On the Early Settlement Date (as defined herein), the Consent Payment will be paid to each eligible holder of CrownRock Notes that validly tendered and did not validly withdraw CrownRock Notes at or prior to the Early Participation Date (as defined herein). (2) For each $1,000 principal amount of CrownRock Notes validly tendered and accepted for exchange. (3) For each $1,000 principal amount of CrownRock Note ...
Occidental Announces Commencement of Exchange Offer and Consent Solicitation for CrownRock Notes
GlobeNewswire News Room· 2024-07-19 20:55
HOUSTON, July 19, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced that it has commenced a private exchange offer to certain eligible holders (the "Exchange Offer") for any and all outstanding 5.000% Senior Notes due 2029 (the "CrownRock Notes") issued by CrownRock, L.P. ("CrownRock") and CrownRock Finance, Inc. for up to $376,084,000 aggregate principal amount of new notes to be issued by Occidental (the "Occidental Notes") and cash. ______________________ (1) For each $1,000 principal amoun ...
Occidental Announces Expiration of Hart-Scott-Rodino Waiting Period for its Acquisition of CrownRock
Newsfilter· 2024-07-19 04:15
HOUSTON, July 18, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced that the waiting period for its acquisition of CrownRock, L.P. (CrownRock, and such transaction, the CrownRock acquisition) under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired. About Occidental This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to statements about Occi ...
Occidental Announces Expiration of Hart-Scott-Rodino Waiting Period for its Acquisition of CrownRock
GlobeNewswire News Room· 2024-07-19 04:15
HOUSTON, July 18, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced that the waiting period for its acquisition of CrownRock, L.P. (CrownRock, and such transaction, the CrownRock acquisition) under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired. With the expiration of the waiting period, the conditions to closing have been satisfied, other than those that are to be satisfied at closing. The CrownRock acquisition is expected to close in August, after completion of the fina ...