Occidental Petroleum Stock News

Warren Buffett is one of the most widely followed investment managers in the world. And there's good reason for that.

One of the most famous Warren Buffett quotes comes from his 1988 letter to Berkshire Hathaway (BRK.A -0.86%) (BRK.B -0.87%) shareholders: "When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever."

Occidental Petroleum Corporation's share price underperformed due to Goldman Sachs' downgrade, citing the company's focus on debt reduction over immediate capital returns to shareholders. Despite weak oil prices, Occidental maintains strong production and FCF, with a breakeven at $45/barrel and a double-digit FCF yield. The company is advancing DAC projects for emissions management, though thes...

Colombian energy company Ecopetrol said on Monday it has reached an agreement to renew its oil joint venture with Occidental Petroleum in the U.S. Permian basin in Texas.

Occidental Petroleum Corp (NYSE: OXY), a favorite of Warren Buffett's Berkshire Hathaway (NYSE: BRK.A), continues to record losses even as the billionaire maintains confidence in the company.

Despite OXY's underperformance, its fundamentals and valuation have improved, presenting a long-term buying opportunity amid oil and gas market volatility. Q3 FY2024 earnings beat expectations with strong production levels, cost control, and debt management, leading to solid cash flow and FCF. Analysts' lower Q4 EPS should be offset by increased production and CrownRock acquisition benefits, su...

Dublin, Jan. 30, 2025 (GLOBE NEWSWIRE) -- The "Oman Midstream & Downstream Oil & Gas Market Outlook: Supply & Demand of Oil, Gas, Gasoline, Diesel, Fuel Oil, Future Investments, Projects, Refining, LNG, Gas Processing, Pipelines, and Oil Terminals, 2025 and Beyond" report has been added to ResearchAndMarkets.com's offering. This report provides an in-depth analysis of Oman's midstream and downs...

The stock market is still finding its footing after the January 27 sell-off, triggered by fears over the possible drop in artificial intelligence (AI) hardware spending.