Occidental Petroleum Has Achieved 90% of This Crucial Goal. Time to Buy the Oil Stock? [Yahoo! Finance]
Occidental Petroleum Corporation (OXY)
Last occidental petroleum corporation earnings: 2/27 04:13 pm
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Source: Yahoo! Finance
Chevron followed it by agreeing to buy Hess for $60 billion. Several other oil companies also struck deals to acquire smaller rivals, including Occidental Petroleum (NYSE: OXY) , which bought CrownRock in a $12 billion deal. One of the critical differences between Occidental's deal and the acquisitions of its larger peers is that it primarily funded the purchase with debt. The company aimed to quickly repay a big chunk of those borrowings to prevent a repeat of its past mistakes and recently revealed that it achieved 90% of its near-term debt reduction goal. Here's a look at whether that makes the oil stock a buy. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Occidental Petroleum initially sealed its deal to buy CrownRock last December. The transaction structure raised some concerns because it intended to finance most of the purchase price with debt. The oil company planned to issue $9.1 billion of new debt and assume
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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