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Occidental Petroleum Corporation (NYSE: OXY) |
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Price: $40.5400
$-3.36 
-7.654%
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| Day's High:
| $42.79
| Week Perf:
| -17.87 %
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| Day's Low: |
$ 39.60 |
30 Day Perf: |
-11.31 % |
| Volume (M): |
44,692 |
52 Wk High: |
$ 71.19 |
| Volume (M$): |
$ 1,811,822 |
52 Wk Avg: |
$54.80 |
| Open: |
$42.41 |
52 Wk Low: |
$39.60 |
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| Market Capitalization (Millions $) |
39,493 |
| Shares
Outstanding (Millions) |
974 |
| Employees |
11,000 |
| Revenues (TTM) (Millions $) |
26,725 |
| Net Income (TTM) (Millions $) |
3,078 |
| Cash Flow (TTM) (Millions $) |
693 |
| Capital Exp. (TTM) (Millions $) |
7,018 |
Occidental Petroleum Corporation
Occidental Petroleum Corporation (Oxy) operates primarily through two main segments: oil and gas, and chemicals.
Oil and Gas Segment
The oil and gas segment of Occidental focuses on the exploration, development, production, and marketing of crude oil and natural gas. As a significant player in the energy sector, Occidental competes with a wide range of domestic and international oil and gas producers. The company relies on a strategy centered around cost-effective development and production of oil and gas reserves. This includes acquiring new exploration contracts in regions with known reserves, utilizing enhanced oil recovery techniques in both mature and emerging fields, and pursuing strategic acquisitions to bolster its portfolio.
Occidentals operations are geographically diverse, with a strong presence in the United States, the Middle East, and Latin America. Given that crude oil and natural gas are traded as commodities, pricing is heavily influenced by global supply and demand dynamics. Consequently, Occidentals competitive edge stems from its ability to manage production costs and optimize reserve recovery.
Chemicals Segment
OxyChem, the chemicals division of Occidental, is involved in the manufacturing and marketing of basic chemicals, vinyls, and performance chemicals. The products offered by OxyChem are primarily sold to industrial users and distributors within the United States, often through both short- and long-term sales agreements, and are priced according to current market conditions.
The chemicals produced by OxyChem are largely commoditized, which means that competition in this sector is primarily price-driven. To maintain competitiveness, OxyChem focuses on being an efficient, low-cost producer. The business does not heavily rely on specific third-party customers and typically does not manufacture against a backlog of firm orders.
Competitive Landscape
In both segments of its business, Occidental faces competition from numerous other producers. The oil and gas segment is characterized by volatile market prices driven by global economic factors, while the chemicals segment primarily competes on price due to the commoditized nature of its products. Overall, Occidental Petroleum Corporation utilizes strategic operational efficiencies and market positioning to maintain and enhance its competitive stance in both sectors.
Company Address: 5 Greenway Plaza Houston, 77046 TX
Company Phone Number: 215-7000 Stock Exchange / Ticker: NYSE OXY
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Customers Net Income fell by |
OXY's Customers Net Profit Margin fell to |
-2.74 % |
5.88 %
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| Management Announcement
Published Tue, Feb 18 2025 9:17 PM UTC
In a significant move reflective of its commitment to financial fortitude, Occidental Petroleum Corporation (NYSE: OXY) has reported substantial progress in its ongoing debt reduction efforts. On February 18, 2025, the Houston-based energy giant announced that it successfully met its near-term debt repayment target of $4.5 billion by the fourth quarter of 2024. This achievem...
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| Dividend
Published Wed, Nov 6 2024 9:01 PM UTC
Occidental Petroleum Declares Dividend Amidst Ongoing Financial RestructuringHOUSTON, Nov. 6, 2024 In a strategic move to reinforce investor confidence amidst fluctuating market dynamics, Occidental Petroleum Corporation (NYSE: OXY) announced today a regular quarterly dividend of $0.22 per share on its common stock. This payout, slated for distribution on January 15, 2025,...
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| Management Announcement
Published Mon, Aug 19 2024 12:01 PM UTC
Occidental s Debt Reduction and Divestiture Initiatives Leading to Progress
Occidental, a leading energy company, recently announced significant progress in reducing its debt and divestiture initiatives. Through the utilization of robust organic cash flow from operations and proceeds from divestitures, the company achieved a remarkable $3 billion in principal debt redu...
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| Financing Agreement
Published Mon, Aug 12 2024 9:00 PM UTC
Occidental Announces Launch of Secondary Offering
HOUSTON, Aug. 12, 2024 In a significant move within the financial markets, Occidental Petroleum Corporation (NYSE: OXY) has unveiled plans for an underwritten secondary public offering, involving a substantial 29,560,619 shares of its common stock. This offering is being executed by CrownRock Holdings, L.P., ...
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| Merger and Acquisition
Published Thu, Aug 1 2024 8:16 PM UTC
HOUSTON, Aug. 1, 2024 ? Occidental Petroleum Corporation (NYSE: OXY) has officially announced the completion of its acquisition of CrownRock, L.P., a strategic move aimed at enhancing its operational footprint in the oil and gas production sector. This acquisition, valued at a substantial amount, is expected to bolster Occidental s production capabilities and reinforce ...
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| Per Share |
Current |
| Earnings (TTM) |
2.47 $ |
| Revenues (TTM) |
27.43 $
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| Cash Flow (TTM) |
0.71 $ |
| Cash |
2.19 $
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| Book Value |
35.39 $
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| Dividend (TTM) |
376.07 $ |
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| Per Share |
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| Earnings (TTM) |
2.47 $
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| Revenues (TTM) |
27.43 $ |
| Cash Flow (TTM) |
0.71 $ |
| Cash |
2.19 $
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| Book Value |
35.39 $ |
| Dividend (TTM) |
376.07 $ |
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| segments |
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 97.87 % |
of total Revenue |
| United States |
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85.58 % |
of total Revenue |
| International |
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15.21 % |
of total Revenue |
| Eliminations |
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-2.93 % |
of total Revenue |
| Oil and gas segments |
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79.42 % |
of total Revenue |
| Oil and gas Oil |
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68.73 % |
of total Revenue |
| Oil and gas NGL |
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8.25 % |
of total Revenue |
| Oil and gas Gas |
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2.11 % |
of total Revenue |
| Oil and gas Other |
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0.33 % |
of total Revenue |
| Oil and gas United States |
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66.67 % |
of total Revenue |
| Oil and gas United States Oil |
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58.61 % |
of total Revenue |
| Oil and gas United States NGL |
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6.9 % |
of total Revenue |
| Oil and gas United States Gas |
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0.84 % |
of total Revenue |
| Oil and gas United States Other |
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0.32 % |
of total Revenue |
| Oil and gas International |
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12.76 % |
of total Revenue |
| Oil and gas International Oil |
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10.12 % |
of total Revenue |
| Oil and gas International NGL |
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1.35 % |
of total Revenue |
| Oil and gas International Gas |
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1.27 % |
of total Revenue |
| Oil and gas International Other |
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0.01 % |
of total Revenue |
| Chemical segments |
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17.37 % |
of total Revenue |
| Chemical United States |
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16.33 % |
of total Revenue |
| Chemical International |
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1.05 % |
of total Revenue |
| Midstream and marketing segments |
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4 % |
of total Revenue |
| Midstream and marketing United States |
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2.59 % |
of total Revenue |
| Midstream and marketing International |
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1.41 % |
of total Revenue |
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0.27%