In the latest market close, Occidental Petroleum (OXY) reached $60.41, with a -1.31% movement compared to the previous day. This move lagged the S&P 500's daily loss of 0.16%. At the same time, the Dow lost 0.14%, and the tech-heavy Nasdaq lost 0.06%.The oil and gas exploration and production company's shares have seen a decrease of 3.23% over the last month, surpassing the Oils-Energy sector's loss of 7.84% and falling behind the S&P 500's gain of 1.96%.The investment community will be paying close attenti ...

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. As previously announced, on December 10, 2023, 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. As previously announced, on December 10, 2023, Occidental ...

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. With the expiration of the waiting period, the conditions to closing have been satisfied, other than those that are to be satisfied at closing. The CrownRock acquisition is expected to close in August, after completion of the fina ...

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. With the expiration of the waiting period, the conditions to closing have been satisfied, other than those that are to be satisfied at closing. The CrownRock acquisition is expected to close in August, after completion of the fina ...

Occidental Petroleum Corporation (OXY) is an integrated oil and gas company that has positioned itself well to play a major role in unlatching America's vast shale reserves. It has recently been in the news for Warren Buffet raising his stake in it.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 m ...

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 Donald” would do in a possible second term, his own words provide a picture of intent. According to The New York Times, Trump has promised to turn ba ...

Berkshire Hathaway is loading up on this energy stock.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 ...

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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%.Shares of the oil and gas exploration and production company witnessed a gain of 2.99% over the previous month, beating the performance of the Oils-Energy sector with its loss of 8% and underperforming the S&P 500's gain of 3.82%. ...