HOUSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) announced today that it has closed its acquisition of CrownRock, L.P. "By completing this transaction, Occidental adds assets that we believe make the best portfolio in our company's history even stronger and more differentiated. We also welcome new team members who will combine with ours to form a high-performing employee base that is focused on safely and efficiently developing low-emission, low-cost energy," said President and Chief Execut ...

HOUSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) announced today that it has closed its acquisition of CrownRock, L.P. "By completing this transaction, Occidental adds assets that we believe make the best portfolio in our company's history even stronger and more differentiated. We also welcome new team members who will combine with ours to form a high-performing employee base that is focused on safely and efficiently developing low-emission, low-cost energy," said President and Chief Execut ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Occidental Petroleum (OXY) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on August 7, 2024, might help the stock move higher if these key numbers are better tha ...

Occidental Petroleum (OXY) closed the latest trading day at $60.27, indicating a +0.15% change from the previous session's end. The stock's change was more than the S&P 500's daily loss of 0.5%. On the other hand, the Dow registered a gain of 0.5%, and the technology-centric Nasdaq decreased by 1.28%.Prior to today's trading, shares of the oil and gas exploration and production company had lost 4.29% over the past month. This has was narrower than the Oils-Energy sector's loss of 10.92% and lagged the S&P 5 ...

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.Despite a weak performance year-to-date, Buffett has continued to increase his holding of OXY stock during this period, with gas and oil producers stock occupying a 4.86% position, which amounts to 255.3 million shares worth around $15 billion—nearly 30% of the company’s total ...

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]

Agreed to sell certain Delaware Basin assets in Texas and New Mexico to Permian Resources for approximately $818 million 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 Sales proceeds will go toward reducing debt 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 Permi ...

Agreed to sell certain Delaware Basin assets in Texas and New Mexico to Permian Resources for approximately $818 million 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 Sales proceeds will go toward reducing debt 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 Perm ...

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]

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 ...