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Wrapping up Q2 earnings, we look at the numbers and key takeaways for the diversified upstream e&p stocks, including Occidental Petroleum (NYSE:OXY) and its peers.
Shares of Occidental Petroleum Corp (NYSE:OXY) are trading lower Wednesday as energy equities experience broad profit-taking alongside a pullback in crude oil prices. The weakness in benchmark energy commodities comes as fresh market data indicates a weekly drawdown in U.S. crude inventories, dampening immediate commodity momentum alongside sector-wide risk mitigation ahead of the Federal Reserve’s afternoon interest rate decision. Occidental Petroleum stock is taking a hit today. Why are OXY sh
XOM is expanding low-cost production in Guyana and the Permian Basin, targeting 5.5 MMBoe/d of upstream output by 2030 as advantaged assets grow.
The S&P 500 Index ($SPX ) (SPY ) is up by +0.18% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down by -0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.68%. E-mini S&P futures (ESU26 ) are up +0.29%, and September E-mini...
In the latest trading session, Occidental Petroleum (OXY) closed at $63.49, marking a +2.76% move from the previous day.
Zacks.com users have recently been watching Occidental (OXY) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
FEATURE Stock futures were falling on Tuesday as a rally in oil prices drove the yield to its highest level in more than 19 years. Chip and memory stocks were edging higher, having taken a battering on Monday after several top executives called for a slowdown in AI development.
↘️ UBS (CH:UBSG), Deutsche Bank (XE:DBK), UniCredit (IT:UCG): Shares of European banks retreated as global bond yields continued to push higher, in a sign that investors are growing increasingly worried that higher borrowing costs could lead to more loan defaults.
A crucial day for inflation and the U.S. economy is off to a bad start. Diesel prices have hit $6 a gallon for the first time in history and Brent crude oil prices are trading at around $105 a barrel—though they have fallen back from earlier highs of close to $110. Consumer price index data for August, due to be released at 8.30 a.m. Eastern time, will be closely watched by investors and by Federal Reserve officials.
ExxonMobil (XOM) carries the highest earnings multiple in its peer group at 20.5 times, and it is not the best business in that group. Its operating margin ranks fourth of six, and its revenue growth ranks fourth of six as well. The premium is paying for something the standalone refiners don't get credit for; MPC and VLO trade at 13.4x and 15.6x, so it's likely the combination of upstream stability and downstream optionality that's priced in, not refining margins alone.
The S&P 500 Index ($SPX ) (SPY ) is down -0.32% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -1.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.04%. E-mini S&P futures (ESU26 ) are down -0.33%, and September E-mini Nasdaq futures (NQU26...
The S&P 500 Index ($SPX ) (SPY ) is down -0.34% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.83%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.19%. E-mini S&P futures (ESU26 ) are down -0.41%, and September E-mini Nasdaq futures (NQU26...
Occidental (OXY) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The low valuation multiples for value stocks provide a margin of safety that growth stocks rarely offer. However, the challenge lies in determining whether these cheap assets are genuinely undervalued or simply on sale due to their potentially deteriorating business models.
Value stocks typically trade at discounts to the broader market, offering patient investors the opportunity to buy businesses when they’re out of favor. The key risk, however, is that these stocks are usually cheap for a reason, and a low valuation can reflect underlying business challenges rather than a genuine bargain.
ConocoPhillips, Occidental and National Fuel Gas could weather oil and gas headwinds through low costs and integrated operations.
Slowing production growth, high feedstock costs for refining and mounting renewable demand are making the prospects for the Zacks Oil & Gas US Integrated industry gloomy. ConocoPhillips, Occidental and National Fuel are well-positioned to survive the challenges.
The direction of oil prices plays a crucial role in Occidental's stock price.
↘️ PG&E (PCG): Shares of the California utility sank 8% premarket after lawmakers over the weekend introduced wildfire legislation that left out Gov. Gavin Newsom’s proposal to block insurance companies from suing utilities for wildfire-related claims.
If you look at the traditional measure of dividend safety, the payout ratio, you may get the wrong impression.
Three oil and gas giants have chased each other so closely through 2026 that the real winner might surprise you, and it is not the one most investors expected to pull ahead.
Occidental Petroleum (NYSE:OXY), a key Berkshire Hathaway holding, has raised its dividend following strong sector performance and healthy cash flow. Berkshire Hathaway continues to hold a significant stake in Occidental, keeping investor focus on how this position fits within its wider portfolio approach. The dividend change highlights how Occidental is allocating capital between shareholder returns and other uses such as investment and debt management. This kind of dividend move at a...