While the TX-based company missed its revenue targets for first-quarter 2024, it came out with earnings of 65 cents per share, beating the Zacks Consensus Estimate of 56 cents. Interestingly, OXY has been able to reward its shareholders while taking part in the merger-spree sweeping the energy sector in the recent past. The company increased its quarterly dividend to 22 cents a share in May, taking its annualized dividend to 88 cents. This translates to a yield of about 1.4%. Also, the company has been expa ...

Technical Indicators Point to Tailwinds for Occidental Petroleum Source: Chart by TradingView Trade of the Day: Buy November Expiry Call Options Occidental Petroleum (NYSE:OXY) has been swinging higher in recent sessions, likely on political catalysts. With former President Donald Trump enjoying strong reelection momentum, his pro-fossil-fuel stance may lift OXY stock. Because of this, it might make sense for speculators to consider November expiry call options. While it's difficult to predict what "The Don ...

According to the latest 13F filings, Warren Buffett's holding company Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) increased its stake in just two companies. One of those companies is insurance operator Chubb Ltd. The other is an energy giant that, quite frankly, Buffett is obsessed with. He's a big fan of how the company is being run. After reviewing the company's annual report, Buffett told CNBC: "I read every word, and...this is exactly what I would be doing." Buffett has long been a big believer in go ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? Developed ...

The most recent trading session ended with Occidental Petroleum (OXY) standing at $62.12, reflecting a +0.19% shift from the previouse trading day's closing. The stock lagged the S&P 500's daily gain of 0.64%. Elsewhere, the Dow gained 1.85%, while the tech-heavy Nasdaq added 0.2%. Investors will be eagerly watching for the performance of Occidental Petroleum in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 7, 2024. On that day, Occidental Petroleum is proje ...

faster and could pay all cash for Occidental's stake, potentially giving this group an advantage over strategic buyers. A sale makes so much sense Occidental Petroleum will need to quickly sell assets after it closes its CrownRock deal to repay debt. I predict it will decide to sell its stake in Western Midstream. There should be lots of potential buyers, which could enable it to get a great price. A sale would quickly boost the company's balance sheet by monetizing a noncore asset to fund a deal that enhan ...

文章核心观点 - 公司在最新交易日收盘价为61.41美元,较前一交易日上涨0.64% [1] - 公司股价表现落后于标普500指数的1.02%涨幅,但优于道琼斯指数1.09%的涨幅和纳斯达克指数1.18%的涨幅 [1] - 公司股价在过去一个月内上涨0.68%,表现优于同行业油气板块下跌11.98%,但低于标普500指数4.44%的涨幅 [2] - 公司预计将于2024年8月7日发布季度财报,预计每股收益为0.94美元,同比增长38.24%;预计季度收入为73亿美元,同比增长8.52% [3] - 全年来看,公司预计每股收益为3.91美元,同比增长5.68%;收入为296.2亿美元,同比增长2.43% [4] - 分析师对公司业绩和盈利能力持乐观态度,近期上调了公司的盈利预测 [5][6] - 公司当前市盈率为15.59倍,较同行业平均水平15.69倍有所折价 [8] - 公司所属的油气综合行业目前在250多个行业中排名第159位,位于中下游水平 [9][10]

This might be Buffett's favorite stock right now In just two years, Occidental has become the sixth-largest stake in Berkshire's publicly traded portfolio. Don't be surprised to see that rise even further, especially now that the stock warrants aren't underwater. If exercised, Berkshire's would control almost 40% of Occidental's total outstanding shares. Buffett's favorite stock right now might be Occidental. In the summer of 2022, Berkshire received regulatory approval to buy up to 50% of Occidental. That ...

Contacts HOUSTON, July 09, 2024 (GLOBE NEWSWIRE) -- 1PointFive, a carbon capture, utilization and sequestration (CCUS) company, today announced it has entered into an agreement with Microsoft to sell 500,000 metric tons of carbon dioxide removal (CDR) credits over six years to support Microsoft's carbon removal strategy. The agreement is the largest single purchase of CDR credits enabled by Direct Air Capture (DAC) to date and highlights the increasing adoption of this climate technology as a solution to he ...

Today, investors can step outside the most commonly watched commodities, such as oil and precious metals. While gold makes a breakout, taking silver along for a ride, some mining stocks can become an excellent space to watch today. But note that today's soon-to-be hot commodity is the least expected: lumber. That's right, lumber prices crashed after their stratospheric rallies in 2020 through 2022, raising the cost of building homes. Today, there are reasons to believe that lumber could make a comeback soon ...