The oil giant will need to cut its debt quickly after closing its CrownRock deal.Occidental Petroleum (OXY -0.46%) is no stranger to making big moves. It agreed to buy CrownRock for $12 billion last year. Meanwhile, it outbid Chevron to buy Anadarko Petroleum for $55 billion in 2019. Like the Anadarko deal before it, Occidental is using a lot of debt to fund its CrownRock purchase. That will likely lead to another big move by the oil giant. I predict it will sell its stake in master limited partnership (MLP ...

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]

Buffett's favorite stock right now might be Occidental.In the first quarter of 2022, Warren Buffett's holding company Berkshire Hathaway (BRK.A 0.15%) (BRK.B 0.35%) revealed a massive stake in Occidental Petroleum (OXY -0.16%). At the time, Berkshire held about 91 million Occidental shares worth roughly $5 billion -- or just under 10% of the company's total share count. Today, that stake is even bigger. How much bigger? A lot bigger. This might be Buffett's favorite stock right nowBesides Berkshire's initia ...

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 help organi ...

Some stocks depend on commodity prices for their success – or failure – and the main ones that come to mind may be inside the energy sector. If Warren Buffett chooses to buy an oil company, as he did through a nine-day buying streak in shares of Occidental Petroleum Co. NYSE: OXY, it may be because he sees a fundamental reason for oil prices to move higher and bring the company’s valuation up with it.Today, investors can step outside the most commonly watched commodities, such as oil and precious metals. Wh ...

文章核心观点 - 俄克拉荷马州的Occidental公司将于2024年8月7日发布2024年第二季度财务业绩,并于8月8日举行电话会议讨论相关情况 [1][2][3] - Occidental是一家国际性能源公司,主要资产位于美国、中东和北非,是美国最大的石油和天然气生产商之一,在Permian和DJ盆地以及墨西哥湾offshore都有重要业务 [4] - 公司的中游和营销业务提供流量保证并最大化其油气资产价值,化工子公司OxyChem制造生活必需品的基础化学品,Oxy Low Carbon Ventures子公司致力于发展可以在降低排放的同时提高业务的先进技术和商业解决方案 [4] 财务业绩 - 公司将于2024年8月7日发布2024年第二季度财务业绩 [1][2][3] - 财务业绩信息将在公司网站的投资者关系部分提供 [3] - 电话会议录音将在会议结束后几个小时内发布在公司网站上 [3] 联系方式 - 媒体联系人:Eric Moses,电话:713-497-2017,邮箱:eric_moses@oxy.com [5] - 投资者联系人:R. Jordan Tanner,电话:713-552-8811,邮箱:investors@oxy.com [5]

HOUSTON, July 02, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) will announce its second quarter 2024 financial results after close of market on Wednesday, August 7, 2024, and will hold a conference call to discuss the results on Thursday, August 8, 2024, at 1 p.m. Eastern/12 p.m. Central. The conference call may be accessed by calling 1-866-871-6512 (international callers dial 1-412-317-5417) or via webcast at oxy.com/investors. Participants may pre-register for the conference call at https://dpregister. ...

Buffett continues his buying spree in Occidental Petroleum.Taking a look at what the smart money is doing on Wall Street can prove to be a useful exercise for investors. Following the end of each quarter, institutional investors such as hedge funds and wealth management firms are required by the Securities and Exchange Commission (SEC) to file a form called a 13F.  It documents all the buying and selling activity from large, sophisticated investors, and provides a glimpse into where meaningful flows of capi ...

Over the past few weeks, Warren Buffett has been buying shares of Occidental Petroleum Co. NYSE: OXY to bring his net stake up to 29%, which is not Buffett's usual behavior. When the Oracle of Omaha invests this heavily—and this quickly—in a stock, there must be a good enough reason to justify these quick and aggressive decisions.While there is enough evidence to back up a bullish rotation in the energy sector, what investors need to know today is that they must not let fear of missing out (FOMO) drive thei ...

文章核心观点 - 近三年来,Occidental Petroleum公司的股价已经翻了一番,成为沃伦·巴菲特关注的重点投资标的之一 [2] - Occidental Petroleum公司经历了一次成功的业务转型,大幅降低了债务,恢复了股息增长,这引起了投资者的关注 [5] - 沃伦·巴菲特的伯克希尔·哈撒韦公司已经成为Occidental Petroleum公司最大的股东之一 [7] - Occidental Petroleum公司正在通过收购CrownRock公司进一步扩大在Permian盆地的业务,并计划进一步减债和回购股票 [9] 公司概况 - Occidental Petroleum是美国最大的石油天然气生产商之一 [2] - 公司业务涵盖上游、中游、化工和低碳能源等多个领域 [8] 业务转型 - 2019年收购Anadarko Petroleum后,公司陷入了高债务困境,2020年油价暴跌使公司雪上加霜 [4] - 公司通过大幅偿还债务、提高现金流、恢复并增加股息等措施实现了快速转型 [5] 沃伦·巴菲特的投资 - 巴菲特的伯克希尔·哈撒韦公司从2022年开始大量购买Occidental Petroleum的股票 [6][7] - 目前已经成为Occidental Petroleum最大的股东之一 [7] 未来发展 - 公司计划通过收购CrownRock公司进一步扩大在Permian盆地的业务 [9] - 收购完成后将进一步减债并恢复股票回购,有望推动公司股价进一步上涨 [9]