OXY Stock Recent News
OXY LATEST HEADLINES
Occidental Petroleum (OXY) reachead $51.72 at the closing of the latest trading day, reflecting a +0.9% change compared to its last close.
Oxy is expanding via acquisition as it looks to bulk up to compete with energy industry giants like Exxon. Does it stand a chance?
Occidental Petroleum (OXY) concluded the recent trading session at $54.76, signifying a +0.35% move from its prior day's close.
Recently, Zacks.com users have been paying close attention to Occidental (OXY). This makes it worthwhile to examine what the stock has in store.
In my last bullish update, I stated that OXY was still undervalued despite some clear risks tied to the recent CrownRock acquisition and turbulence on the O&G market. From what I can see today, I think longer-term investors - and even speculators - should continue to add to their long positions, (if they hold any). The strategic buyout of CrownRock by Occidental for $12.0 billion marks one of the biggest additions to its shale-heavy portfolio.
These three Berkshire Hathaway holdings would be at home in most investors' portfolios.
In the most recent trading session, Occidental Petroleum (OXY) closed at $55.76, indicating a +1.77% shift from the previous trading day.
These two Buffett stocks look particularly tempting right now.
HOUSTON, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) will announce its third quarter 2024 financial results after close of market on Tuesday, November 12, 2024, and will hold a conference call to discuss the results on Wednesday, November 13, 2024, at 1 p.m. Eastern/12 p.m. Central.
Occidental Petroleum's South Texas Direct Air Capture Hub aims to capture carbon dioxide. Secondary recovery could enhance oil and gas production for decades to come while storing carbon dioxide permanently in the process. Current CO2 supplies come from wells, but DACs may replace these. Now CO2 will go from the air into the ground by using the DAC process.