Weekly Report: what happened at OXY last week (0708-0712)?
Weekly Report · 10h ago
Prediction: This Will Be Occidental Petroleum's Next Big Move
Occidental Petroleum agreed to buy CrownRock for $12 billion in December. The oil giant is using a lot of debt to fund its purchase. Occidental Petroleum will likely sell its stake in Western Midstream. The company will need to cut its debt quickly after closing its CrownRock deal.
The Motley Fool · 2d ago
Warren Buffett Is Betting Nearly $35 Billion That This Conventional Wisdom Is Wrong
Warren Buffett is betting nearly $35 billion that the demand for fossil fuels will decline in the coming years. Chevron and Occidental are playing key roles in ensuring the long-term viability of oil and gas. Both companies have invested heavily in carbon-capture technology. The oil giant is Chevron's fourth-largest holding in Berkshire Hathaway's portfolio.
The Motley Fool · 2d ago
Occidental Petroleum Is Maintained at Sector Outperform by Scotiabank
Dow Jones · 2d ago
Occidental Petroleum Price Target Cut to $80.00/Share From $90.00 by Scotiabank
Dow Jones · 2d ago
Scotiabank Maintains Sector Outperform on Occidental Petroleum, Lowers Price Target to $80
Benzinga · 2d ago
Occidental Petroleum Is Maintained at Equal-Weight by Wells Fargo
Dow Jones · 3d ago
Occidental Petroleum Price Target Cut to $68.00/Share From $69.00 by Wells Fargo
Dow Jones · 3d ago
Wells Fargo Maintains Equal-Weight on Occidental Petroleum, Lowers Price Target to $68
Benzinga · 3d ago
Occidental: The Only Oil Stock To Buy And Hold Long-Term
Oil stocks have underperformed the markets over the last decade due to a lack of structural growth. Occidental has the potential to outperform industry peers due to its Delaware basin acreage position and technological development. The oil market was not a good place to invest in and Occidental is the only oil stock to buy and hold long-term. Focus on cost reduction and increasing oil recovery in the Permian will drive value growth for Occidental.
Seeking Alpha · 3d ago
Hold Rating on Occidental Petroleum Amid Adjusted Earnings and Strategic Focus Areas
TipRanks · 3d ago
California Resources' Stock Climbs On Thursday: What's Behind The Gain?
Shares of California Resources Corp. Closed higher on Thursday. Hunterbrook Media alleged that a California oil and gas regulator has not enforced a new environmental law in a merger between the company and Aera Energy LLC. California Resources is a 2014 spinoff of Occidental Petroleum Corp.
Benzinga · 3d ago
This Top Warren Buffett Stock Is Helping Microsoft Solve a Big Problem
Microsoft and Occidental Petroleum are working to be part of the solution to climate change. The tech giant recently signed a landmark agreement to sell carbon dioxide credits to help it reach its goal of becoming carbon-negative by 2030. Occidental is developing the world's first direct air capture facility to pull carbon dioxide from the atmosphere. Warren Buffett's company is one of the companies working to prevent the worst impacts of climate change and global warming.
The Motley Fool · 4d ago
How Much Occidental Petroleum Stock Does Warren Buffett Own?
Warren Buffett's holding company Berkshire Hathaway has a massive stake in Occidental Petroleum. The company owns warrants to buy up to 50% of the oil and gas company. Berkshire's stake is now up to 255.3 million shares worth around $15 billion. Occidental has become the sixth-largest stake in Berkshire's publicly traded portfolio.
The Motley Fool · 5d ago
Warren Buffett Fave Occidental Petroleum Stock (NYSE:OXY) Gets a Trump Boost
Occidental Petroleum (NYSE:OXY) stands poised for a boost from Republican challenger and former President Donald Trump. Warren Buffett is a fan of the oil company and Occidental is one of his favorite companies. OXY stock could benefit from the GOP’s dominance in the political race.
TipRanks · 5d ago
Microsoft Teams Up with 1PointFive For Carbon Capture Deal: Details
1PointFive, a carbon capture unit of Occidental Petroleum, will sell 500,000 metric tons of carbon dioxide removal credits to Microsoft Corp over six years. Microsoft is committed to becoming carbon negative by 2030. The CO2 will not be used for oil and gas production. 1PointFive's first industrial-scale carbon capture facility is in Texas.
Benzinga · 6d ago
Microsoft Enters Major Carbon Credit Deal with Occidental Unit
NASDAQ · 6d ago
Is Devon Energy (DVN) a Buy Following Williston Basin Deal?
NASDAQ · 6d ago
Occidental to sell 500K tons of direct air capture carbon removal credits to Microsoft
Energy Occidental to sell 500K tons of direct air capture carbon removal credits to Microsoft. Microsoft's commitment to become carbon negative by 2030. The credits will be used to support the company's climate goals. Occidental says it's the largest purchase of carbon dioxide removal credits enabled by air capture to date.
Seeking Alpha · 6d ago
1PointFive Enters Agreement With Microsoft To Sell 500,000 Metric Tons Of Carbon Dioxide Removal Credits Over Six Years
Benzinga · 6d ago
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About OXY
Occidental Petroleum Corporation is an international energy company with assets primarily in the United States, the Middle East, and North Africa. The Company is an oil and gas producer in the United States, including a producer in the Permian and DJ basins, and the offshore Gulf of Mexico. It operates through three segments: oil and gas, chemical and midstream and marketing. The oil and gas segment explores for, develops, and produces oil (which includes condensate), natural gas liquids (NGL) and natural gas. The chemical segment primarily manufactures and markets basic chemicals and vinyls. The midstream and marketing segment purchases, markets, gathers, processes, transports, and stores oil (which includes condensate), NGL, natural gas, carbon dioxide (CO2) and power. The midstream and marketing segment provides flow assurance and maximizes the value of its oil and gas. It also optimizes its transportation and storage capacity and invests in entities that conduct similar activities.