Occidental Petroleum Stock Today
| OXY Stock | USD 65.98 0.84 1.26% |
Performance17 of 100
| Odds Of DistressLess than 19
|
Occidental Petroleum is trading at 65.98 as of the 18th of April 2024; that is -1.26 percent decrease since the beginning of the trading day. The stock's open price was 66.82. Occidental Petroleum has less than a 19 % chance of experiencing some financial distress in the next two years of operation and had a solid performance during the last 90 days. Equity ratings for Occidental Petroleum are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of March 2024 and ending today, the 18th of April 2024. Click here to learn more.
Business Domain Energy | IPO Date 31st of December 1981 |
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, Africa, and Latin America. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas. The company has 886.47 M outstanding shares of which 49.33 M shares are now shorted by investors with about 7.11 days to cover. More on Occidental Petroleum
Moving together with Occidental Stock
| 0.95 | AR | Antero Resources Corp Earnings Call This Week | PairCorr |
| 0.96 | PR | Permian Resources Financial Report 13th of May 2024 | PairCorr |
| 0.95 | SD | SandRidge Energy | PairCorr |
| 0.97 | SM | SM Energy Earnings Call This Week | PairCorr |
| 0.85 | DMLP | Dorchester Minerals | PairCorr |
| 0.93 | VIST | Vista Oil Gas Earnings Call This Week | PairCorr |
Moving against Occidental Stock
| 0.7 | EP | Empire Petroleum Corp | PairCorr |
| 0.7 | VIVK | Vivakor Report 23rd of May 2024 | PairCorr |
Follow Valuation Options Odds of Bankruptcy
Financial Report 14th of May 2024
Occidental Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Occidental Petroleum's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Occidental Petroleum or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Occidental Petroleum's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Occidental Petroleum's managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
| CEO | Vicki Hollub | ||||
| Thematic Ideas | (View all Themes) | ||||
| Old Name | Oxygen S.A. | ||||
| Business Concentration | Oil, Gas & Consumable Fuels, Oil & Gas E&P, Energy, NYSE Composite, SP 500 Index, Dow Jones Oil, NYSE 100 Index, ARCA Oil, Dividend Beast, Warren Buffett Holdings, Climate Change, Energy, Oil, Gas & Consumable Fuels, Oil & Gas E&P, Energy (View all Sectors) | ||||
| Average Analyst Recommendation Analysts covering Occidental Petroleum report their recommendations after researching Occidental Petroleum's financial statements, talking to executives and customers, or listening in on Occidental Petroleum's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Occidental Petroleum. The Occidental consensus assessment is calculated by taking the average forecast from all of the analysts covering Occidental Petroleum. | |||||
Occidental Petroleum's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Occidental Petroleum's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. Occidental Petroleum's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Occidental Petroleum's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Occidental Petroleum's financial leverage. It provides some insight into what part of Occidental Petroleum's total assets is financed by creditors.
| |||||
Occidental Petroleum (OXY) is traded on New York Stock Exchange in USA. It is located in 5 Greenway Plaza, Houston, TX, United States, 77046-0521 and employs 12,570 people. Occidental Petroleum is listed under Oil, Gas & Consumable Fuels category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 60.58 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Occidental Petroleum's market, we take the total number of its shares issued and multiply it by Occidental Petroleum's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Occidental Petroleum runs under Oil, Gas & Consumable Fuels sector within Energy industry. The entity has 886.47 M outstanding shares of which 49.33 M shares are now shorted by investors with about 7.11 days to cover.
Occidental Petroleum has about 984 M in cash with 12.31 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.36.
Check Occidental Petroleum Probability Of Bankruptcy
Ownership AllocationOccidental Petroleum has a total of 886.47 Million outstanding shares. Over half of Occidental Petroleum's outstanding shares are owned by third-party entities. These third-party entities are typically referred to as corporate investors that secure positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Occidental Petroleum. Please watch out for any change in the institutional holdings of Occidental Petroleum as this could mean something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Occidental Ownership Details
Occidental Stock Price Odds Analysis
Based on a normal probability distribution, the odds of Occidental Petroleum jumping above the current price in 90 days from now is about 12.98%. The Occidental Petroleum probability density function shows the probability of Occidental Petroleum stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Occidental Petroleum has a beta of 0.7296. This indicates as returns on the market go up, Occidental Petroleum average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Occidental Petroleum will be expected to be much smaller as well. Additionally, occidental Petroleum has an alpha of 0.1631, implying that it can generate a 0.16 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Occidental Petroleum to move above the current price in 90 days from now is about 12.98 (This Occidental Petroleum probability density function shows the probability of Occidental Stock to fall within a particular range of prices over 90 days) .
Occidental Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Occidental Petroleum that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Occidental Petroleum's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Occidental Petroleum's value.| Instituion | Recorded On | Shares | |
| Goldman Sachs Group Inc | 2023-12-31 | 6.5 M | |
| Bank Of America Corp | 2023-12-31 | 6.4 M | |
| Fairfax Financial Holdings Ltd | 2023-12-31 | 6 M | |
| Smead Capital Management Inc | 2023-12-31 | 6 M | |
| Pacer Advisors, Inc. | 2023-12-31 | 6 M | |
| Legal & General Group Plc | 2023-12-31 | 5.2 M | |
| Amvescap Plc. | 2023-12-31 | 4.8 M | |
| Eagle Capital Management Llc | 2023-12-31 | 4.7 M | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 3.7 M | |
| Berkshire Hathaway Inc | 2023-12-31 | 243.7 M | |
| Dodge & Cox | 2023-12-31 | 81 M |
Occidental Petroleum Historical Income Statement
Occidental Petroleum Income Statement is one of the three primary financial statements used for reporting Occidental's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Occidental Petroleum revenue and expense. Occidental Petroleum Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Occidental Petroleum's Non Recurring is fairly stable compared to the past year. Non Operating Income Net Other is likely to rise to about 1.3 B in 2024, whereas Total Revenue is likely to drop slightly above 17.8 B in 2024. View More FundamentalsOccidental Stock Against Markets
Picking the right benchmark for Occidental Petroleum stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Occidental Petroleum stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Occidental Petroleum is critical whether you are bullish or bearish towards Occidental Petroleum at a given time. Please also check how Occidental Petroleum's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Occidental Petroleum without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run ETFs Now
ETFsFind actively traded Exchange Traded Funds (ETF) from around the world |
| All Next | Launch Module |
Occidental Petroleum Corporate Directors
Occidental Petroleum corporate directors refer to members of an Occidental Petroleum board of directors. The board of directors generally takes responsibility for the Occidental Petroleum's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Occidental Petroleum's board members must vote for the resolution. The Occidental Petroleum board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| William Klesse | Independent Director | Profile | |
| Avedick Poladian | Independent Director | Profile | |
| Carlos Gutierrez | Independent Director | Profile | |
| Andrew Gould | Independent Director | Profile |
How to buy Occidental Stock?
Before investing in Occidental Petroleum, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Occidental Petroleum. To buy Occidental Petroleum stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Occidental Petroleum. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Occidental Petroleum stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Occidental Petroleum stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Occidental Petroleum stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Occidental Petroleum, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Occidental Stock please use our How to Invest in Occidental Petroleum guide.
Already Invested in Occidental Petroleum?
The danger of trading Occidental Petroleum is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Occidental Petroleum is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Occidental Petroleum. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Occidental Petroleum is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Occidental Petroleum offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Occidental Petroleum's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Occidental Petroleum Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Occidental Petroleum Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Occidental Petroleum. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy Occidental Stock please use our How to Invest in Occidental Petroleum guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for Occidental Stock analysis
When running Occidental Petroleum's price analysis, check to measure Occidental Petroleum's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Occidental Petroleum is operating at the current time. Most of Occidental Petroleum's value examination focuses on studying past and present price action to predict the probability of Occidental Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Occidental Petroleum's price. Additionally, you may evaluate how the addition of Occidental Petroleum to your portfolios can decrease your overall portfolio volatility.
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences |
Is Occidental Petroleum's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Occidental Petroleum. If investors know Occidental will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Occidental Petroleum listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.38) | Dividend Share 0.72 | Earnings Share 3.9 | Revenue Per Share 31.778 | Quarterly Revenue Growth (0.13) |
The market value of Occidental Petroleum is measured differently than its book value, which is the value of Occidental that is recorded on the company's balance sheet. Investors also form their own opinion of Occidental Petroleum's value that differs from its market value or its book value, called intrinsic value, which is Occidental Petroleum's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Occidental Petroleum's market value can be influenced by many factors that don't directly affect Occidental Petroleum's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Occidental Petroleum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Occidental Petroleum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Occidental Petroleum's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.