Revenue segments as reported by the company.

Oil & Gas

Chemical

Midstream & Marketing

Eliminations

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Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Occidental Petroleum

Occidental Petroleum Corp. engages in the exploration and production of oil and natural gas. It operates through the following segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops and produces oil and condensate, natural gas liquids and natural gas. The Chemical segment manufactures and markets basic chemicals and vinyls. The Midstream and Marketing segment purchases, markets, gathers, processes, transports and stores oil, condensate, natural gas liquids, natural gas, carbon dioxide, and power. The company was founded in 1920 and is headquartered in Houston, TX.

Earnings data Q1 2021

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Earnings data Q1 2023

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Earnings data Q1 2024

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Occidental Petroleum posts record earnings, focuses on sustainable growth

Occidental Petroleum (OXY) delivered strong financial results in Q4 2022, driven by record net income and free cash flow, showcasing operational excellence and financial discipline.
The company's strategic focus on debt reduction, shareholder returns, and low-carbon initiatives positions it well for sustainable growth and value creation.
While facing challenges in production maintenance and cost management, OXY's diversified capital plan and cautious approach to investments present opportunities for future growth and resilience.

Occidental Petroleum excels in Q1, prioritizes sustainability and shareholder value

Occidental Petroleum's Q1 2023 performance reflects operational excellence, financial strength, and a strategic focus on enhancing shareholder value through capital allocation.
Despite inflation challenges, the company's proactive approach to cost management and investment in sustainable technologies underscores a commitment to long-term growth.
By prioritizing shareholder returns, innovation, and sustainability, Occidental Petroleum is well-positioned to navigate uncertainties and capitalize on growth opportunities in the energy sector.

Occidental Petroleum (OXY) reports record Q2 results and advances sustainability goals

Occidental Petroleum (OXY) delivered a strong performance in Q2 2023, driven by operational excellence, financial discipline, and a focus on sustainability. Despite labor challenges, the company remains focused on efficiency improvements, growth opportunities, and innovation in carbon capture projects. Share repurchase program and strategic capital allocation aim to enhance shareholder value and position the company for future success.

Occidental Petroleum reports record Q3 performance and advances sustainability initiatives

Occidental Petroleum (OXY) showcased robust operational and financial performance in Q3 2023, driven by strong oil and gas production and successful execution of strategic initiatives.
The company's focus on shareholder returns, innovation in DAC technology, and commitment to sustainability position OXY for long-term growth and value creation.
While facing challenges such as inflation impacts and technological advancements, OXY remains agile in capital allocation, resource optimization, and strategic partnerships to navigate industry dynamics.

Occidental Petroleum reports robust 2023 performance and eyes sustainable growth

Occidental Petroleum's strong financial performance in 2023, operational advancements, and strategic acquisitions position the company for growth. While facing challenges like project delays, the focus on EOR and low carbon ventures presents significant opportunities for sustainable development and increased profitability.

Occidental Petroleum exceeds Q3 expectations, focuses on growth and debt reduction

Occidental Petroleum's Q3 2024 earnings call showcased strong financial performance, operational achievements, and progress on strategic initiatives. With a focus on debt reduction, capital investments, and operational excellence, OXY is poised for sustainable growth and value creation. The company's ability to navigate challenges and capitalize on opportunities bodes well for its future prospects.

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Occidental Petroleum Corp. engages in the exploration and production of oil and natural gas. It operates through the following segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops and produces oil and condensate, natural gas liquids, and natural gas. The Chemical segment manufactures and markets basic chemicals and vinyls. The Midstream and Marketing segment purchases, markets, gathers, processes, transports and stores oil, condensate, natural gas liquids, natural gas, carbon dioxide, and power. The company was founded in 1920 and is headquartered in Houston, TX.

HOUSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) announced today that it has closed its acquisition of CrownRock, L.P.

Occidental Completes Acquisition of CrownRock

ConocoPhillips

Marathon Oil

Integrated players' midstream operations remain robust due to steady fee-based revenues derived from pipeline assets, improving the prospects for the Zacks Oil & Gas US Integrated industry. ConocoPhillips (COP), Occidental (OXY) and Marathon Oil (MRO) are likely to gain.

3 Stocks to Watch From the Solid Integrated US Energy Industry

Occidental Petroleum said on Thursday that Colombian firm Ecopetrol has informed the U.S. oil producer that it has decided to not acquire a stake in the CrownRock assets.

Occidental says Ecopetrol will not buy stake in CrownRock

Occidental (OXY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Occidental Petroleum (OXY) Reports Next Week: Wall Street Expects Earnings Growth

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.

This Warren Buffett stock just formed a Death Cross

Occidental Petroleum has agreed to sell some assets. The company will use the proceeds to repay debt ahead of its CrownRock acquisition.

Occidental Petroleum Is Making Sure It Doesn't Repeat Its Past Mistakes

Chesapeake Energy

Investors often search for the holy grail in the world of trading and investing, looking for that one strategy, chart pattern, or indicator that will bring them to the land of riches. Despite how hard they look, the trend is the same: More often than not, they turn out empty-handed and disappointed.

Nearly 100% Accurate Indicator Reveals Top Stocks to Buy

Permian Resources Corp

Occidental Petroleum Corp. OXY said Monday it has agreed to sell Delaware Basin assets in Texas and New Mexico to Permian Resources Corp. PR for about $818 million, and said it has separately completed other asset sales totaling about $152 million. Houston-based Occidental said the $970 million of proceeds would be used to reduce debt, part of a previously announced $4.5 billion to $6.0 billion divestiture program that is due to be completed within 18 months of the close of the acquisition of CrownRock L.P.

Occidental agrees to sell assets in Texas and New Mexico to Permian Resources for about $818 million

U.S. oil and gas producer Occidental Petroleum said on Monday it would sell certain Delaware Basin assets in Texas and New Mexico to Permian Resources for about $818 million.

Occidental Petroleum to sell some assets for $818 mln to Permian Resources

MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced that it has entered into a definitive agreement with Occidental (NYSE: OXY) to purchase ~29,500 net acres, ~9,900 net royalty acres and ~15,000 Boe/d predominantly located directly offset the Company's existing position in Reeves County, Texas for $817.5 million, subject to customary post-closing adjustments. The effective date of the transaction is July 1, 2024, with.

Permian Resources Announces Strategic Bolt-On Acquisition of Core Delaware Basin Assets

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 from each of these transactions will go toward reducing debt.

Occidental Announces Progress on Divestiture and Debt Reduction Program

Halliburton

Tenaris S.A.

Energy stocks soared in 2022 as prices rose with a rapid rise in demand after COVID lockdowns were lifted and supply shocks due to the Ukrainian war. However, they have since declined, suffering a big blow in 2023 when energy prices remained flat.

Get Your Money Out of These 3 Energy Stocks by 2025

Occidental's (OXY) premier position in the Permian basin and ongoing initiatives to strengthen its balance sheet are likely to boost its performance despite its premium valuation and lower return than the industry.

Occidental (OXY) Gains 5.4% in 15 Days: Should You Hold or Fold?

Chevron

Exxon Mobil

Close to my home in Chapel Hill, North Carolina, is the factory site for VinFast Auto (NASDAQ: VFS ), the Vietnamese electric vehicle company. Taxpayer funding is involved, so the media covers VinFast well.

3 Oil Stocks to Buy if Trump Pulls Off a November Win

Hess

The U.S. Federal Trade Commission is probing executives from major oil firms, including Hess Corp , Occidental and Diamondback Energy over their communications with OPEC officials, Bloomberg News reported on Friday, citing people familiar with the matter.

U.S. FTC probes Hess, Occidental execs over OPEC communication, Bloomberg reports

Colombia's majority state-owned energy company Ecopetrol said on Friday that it is in talks with U.S. oil major Occidental Petroleum to possibly buy a stake in CrownRock.

Colombia's Ecopetrol in talks to buy CrownRock stake from Occidental

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.

Occidental Announces Commencement of Exchange Offer and Consent Solicitation for CrownRock Notes

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.

Occidental Announces Expiration of Hart-Scott-Rodino Waiting Period for its Acquisition of CrownRock

Shares of Occidental (OXY) are up 5.7% in 2024 on wise acquisitions and expansions, and Warrant Buffet has raised his stake in the company.

Occidental (OXY) Climbs 5.7% in 2024: Is Warren Buffet Right?

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.

Trade of the Day: Buy Call Options on Occidental Petroleum (OXY) Stock Before Nov. 5

Warren Buffett's Berkshire Hathaway increased its stake in OXY to 29%, with 255.3 million shares, showing strong confidence in the company's management and strategic direction. Occidental reported $2 billion in total operational cash flow and $2.4 billion in cash flow before working capital, demonstrating solid operational performance. Occidental acquired CrownRock for $12 billion, boosting its inventory by 33% at sub-$40-a-barrel break-even and expecting to increase output by 170,000 barrels of oil equivalent per day by 2024.

Buffett's Big Bet On Occidental

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Why Occidental Petroleum (OXY) is a Top Momentum Stock for the Long-Term

Bloom Energy

The carbon capture and sequestration market is expected to have a steady growth trajectory, which will be a boon for carbon capture stocks. This growth is being spurred by the enhanced efforts being made by the governments and the corporations in cutting down on CO2 emissions with a view of hitting the net-zero targets.

3 Carbon Capture Stocks Cleaning Up Their Act

Baker Hughes Co

Devon Energy

Phillips 66

Valero Energy

The energy sector presents several opportunities for investors looking to buy undervalued energy stocks in July. Companies in the oil and gas sector with strong cash flow and investments in low-carbon energy sources are quite appealing.

The 7 Most Undervalued Energy Stocks to Buy in July 2024

Digital Realty Trust

Equinix

Eli Lilly

NVIDIA

Novo Nordisk

Taiwan Semiconductor Manufacturing

Investors should look for top-quality stocks for the remainder of the year. With plenty of uncertainties, a nearing presidential election, geopolitical issues, and a lack of a clear economic trajectory, you want to make sure the stock you're jumping into is top-quality and fundamentally solid.

News for Occidental Petroleum Stock (OXY)