Occidental Petroleum (OXY)
$10.41 0.67 (6.05%)
19:59 EDT OXY Stock Quote Delayed 30 Minutes
Previous Close $10.41
Market Cap 7.97B
PE Ratio 4.21
Volume (Avg. Vol.) 24.50M
Day's Range 10.39 - 11.27
52-Week Range 9.00 - 47.58
Dividend & Yield 3.09 (29.68%)
OXY Stock Predictions, Articles, and Occidental Petroleum News
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For those unfamiliar with Buffett’s relationship with Occidental, his company lent OXY $10 billion last August to help it acquire Anadarko, beating out Chevron (NYSE:CVX) in the process. In hindsight, Chevron’s CEO has got to be ecstatic it lost the fight.
Buying Anadarko was supposed to make OXY stock a dividend aristocrat, but now even Warren Buffett's money carries risk.
Occidental Petroleum is starting to shore up its balance sheet. However, it likely will take a long time for OXY stock to rebound.
The oil and gas sector is risky enough, so investors should stay far away from these four oil stocks. They're digging their own graves.
Occidental Petroleum has seen its shares trend upward in June, but don’t make the mistake of betting on F-rated OXY stock.
Occidental Petroleum: OXY stock is worth double today's price. Assuming oil rises and assets are sold, OXY stock is worth at least $35.50 per share.
Occidental faces a confluence of challenges that are virtually insurmountable. Add in its high debt load, and there’s not much to like about OXY stock.
Investors are scrambling for income now that savings rates have evaporated, but some dividend stocks are less secure than they seem.
Although rising oil prices have supported the recent rally in OXY stock, the long-term picture is less encouraging.
Uber, Occidental Petroleum, Canopy Growth and Zscaler are our top stock trades for Monday. That said, let's look at the charts for the group.
It's a tough time for oil stocks, but don't buy into the rebound hype. Avoid these companies at all costs unless you're ready to lose money.
Oil futures are starting a slow recovery as the U.S. economy reopens. However, these oil stocks are not likely to see a recovery.
Tuesday's big stock charts feature names that responded to the massive oil-price rout.
Crude oil futures turned negative on Monday, sending jolts throughout the energy sector. Let's look at a few top stock trades from oil.
With OXY stock, the argument is simple: there’s no demand. If you can find it, great. But it’s just not there.
From Seeking Alpha
Occidental Petroleum (NYSE:OXY) disclosed today it will pay ~$200M in dividends on preferred shares to Warren Buffett's Berkshire Hathaway (BRK.A, BRK.B) in cash, after making the payments with stock since April to conserve cash as it coped with crude's price collapse and massive borrowing to buy Anadarko Petroleum in August 2019.Berkshire bought $10B of Occidental preferred stock in August 2019, helping fund the $35.7B acquisition.Occidental says the $2K/share payout on its series A cumulative perpetual preferred stock will be paid on Oct.
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