OXY - Occidental Petroleum Corporation
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Energy stocks led the market higher Monday morning as two major oil catalysts hit at once.
President Donald Trump is set to meet with executives of oil refineries and distributors on Tuesday in an effort to lower the price of gas for consumers. Oil companies now face a squeeze: cut prices to satisfy the president, or protect the profits their shareholders expect.
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Shares of Occidental Petroleum are currently down about 10% from their recent peak. There are emerging downside risks to oil prices in the near-term.
Beacon Pointe Advisors LLC bought a new stake in shares of Occidental Petroleum Corporation (NYSE: OXY) during the undefined quarter, according to its most recent filing with the SEC. The firm bought 28,413 shares of the oil and gas producer's stock, valued at approximately $1,383,000. Other institutional investors have also recently added to
Chevron and Occidental Petroleum are both large energy companies. Occidental Petroleum has a trailing 12-month payout ratio of 30%, compared to Chevron's 66%.
Occidental Petroleum has reduced debt to $11.8 billion, nearing its $10 billion target, strengthening its balance sheet and future flexibility. OXY projects sustainable $4 billion annual cash flow by 2030, with significant free cash flow growth even at $50–$65 WTI oil prices. The company's 2% dividend yield is set to rise, supported by robust cash flow, cost efficiencies, and minimal near-term debt maturities.
Bank of Nova Scotia bought a new stake in shares of Occidental Petroleum Corporation (NYSE: OXY) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 86,662 shares of the oil and gas producer's stock, valued at approximately $4,209,000. A number of
The clearest answer to which oil and gas stock has dominated in 2026 is Occidental Petroleum (NYSE:OXY | OXY Price Prediction), but the margin over the peer group is thin.
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The Strait of Hormuz has nearly shut down, Iran's hardliners reportedly treated the ceasefire as cover to rearm, and oil stocks are sitting on massive year-to-date gains. So why is crude barely moving, and what does that signal for investors holding XOM, CVX, and the tanker trade?
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Occidental Petroleum remains a Buy, with valuation not reflecting its substantial operational and financial improvements. OXY advances toward its $10 billion debt milestone, enabling greater capital allocation flexibility and supporting greater shareholder returns. Production guidance and midstream income are raised, while well cost and interest expense reductions underpin a robust long-term free cash flow outlook.
Occidental shares have soared by nearly 36% since Greg Abel became Berkshire Hathaway's CEO in January. Further gains hinge highly on a resurgence in crude oil prices, making Oxy a more binary bet than Chevron, another top Berkshire Hathaway oil stock holding.
Occidental Petroleum NYSE: OXY reported second-quarter results that exceeded its production guidance and produced its highest quarterly free cash flow since the third quarter of 2022, while outlining a plan to add more than $4 billion in annual sustainable cash flow by 2030.
Occidental targets more than $4B in annual sustainable cash flow gains by 2030, backed by lower costs, capital needs and a stronger balance sheet.
Higher oil prices boosted Occidental's second-quarter profits. The energy exploration company is prudently paying down debt.