Is Occidental Petroleum Stock a Buy? [The Motley Fool]
Occidental Petroleum Corporation (OXY)
Last occidental petroleum corporation earnings: 2/27 04:13 pm
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oxy.com/investors/pages/default.aspx
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Source: The Motley Fool
Shares ofOccidental Petroleum(NYSE:OXYThe steep sell-off in Occidental Petroleum's stock, however, might have some investors wondering if it's now a deep value buy. Here's the case for and against buying shares of this oil giant.Image source: Getty Images.Why investors might consider buying Occidental PetroleumOccidental Petroleum has taken swift action to adjust its operations to lower oil prices. In early March, the companyslashed its dividendby 86% and reduced its capital spending plan from a range of $. billion-$. billion down to $. billion-$.7 billion. These moves would enable the company to sustain its operations on the cash flows produced from a low $0s oil price. The company would go on toreduce its budget even furtherto a range of $.7 billion-$.9 billion a few weeks later due to the continued weakness in oil prices. Those moves should help buy it more time to address its debt problem.Meanwhile, Russia and Saudi Arabia recently ended their price war in a big way. The two count
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OXY
News
- Enhanced Oil Recovery (EOR) Industry Research Report 2023-2024 & 2030 - Growing Opportunities in Offshore EOR Projects and Deepwater Reservoirs [Yahoo! Finance]Yahoo! Finance
- Carbon Capture And Storage's Deal Killer [Forbes]Forbes
- Occidental Petroleum Co. (NYSE: OXY) had its price target raised by analysts at Raymond James from $77.00 to $78.00. They now have a "strong-buy" rating on the stock.MarketBeat
- Lightning Round: PepsiCo is difficult position right now, says Jim Cramer [CNBC]CNBC
- Occidental Petroleum Corporation (OXY): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
OXY
Earnings
- 11/12/24 - Beat
OXY
Sec Filings
- 11/12/24 - Form 8-K
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- OXY's page on the SEC website