OXY Stock Recent News
OXY LATEST HEADLINES
In the most recent trading session, Occidental Petroleum (OXY) closed at $67.33, indicating a -0.09% shift from the previous trading day.
Is the rally crude oil about to stall out? After several months of consistent oil price advances, the price of oil has dipped over the past week.
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Occidental is the largest acreage holder in the prolific Permian Basin with significant unconventional and EOR operations. Occidental's value is derived from proved reserves, and its enterprise value suggests it is trading close to fair value, but future growth potential is substantial. Occidental is well positioned to benefit from gradual production volume growth as well as mid-cycle oil price appreciation.
In the closing of the recent trading day, Occidental Petroleum (OXY) stood at $66.04, denoting a +0.09% change from the preceding trading day.
Recently, Zacks.com users have been paying close attention to Occidental (OXY). This makes it worthwhile to examine what the stock has in store.
Occidental Petroleum (OXY) concluded the recent trading session at $68.55, signifying a -0.26% move from its prior day's close.
HOUSTON, April 02, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) will announce its first quarter 2024 financial results after close of market on Tuesday, May 7, 2024, and will hold a conference call to discuss results on Wednesday, May 8, 2024, at 1 p.m. Eastern/12 p.m. Central.
Carbon capture technology is now affordable enough for commercialization. Occidental Petroleum is building one of the world's largest carbon-capture facilities, and intends to replicate this facility in other locations.
Occidental (OXY) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.