Date | Price Target | Rating | Analyst |
---|---|---|---|
7/18/2024 | $81.00 | Outperform | Wolfe Research |
5/16/2024 | $84.00 → $69.00 | Buy → Hold | Truist |
4/11/2024 | $90.00 | Sector Perform → Sector Outperform | Scotiabank |
4/10/2024 | $73.00 | Equal Weight | Barclays |
4/8/2024 | $65.00 | Hold | HSBC Securities |
1/3/2024 | $63.00 | Buy → Neutral | Mizuho |
12/11/2023 | $68.00 | Equal-Weight → Overweight | Morgan Stanley |
11/10/2023 | Outperform → Peer Perform | Wolfe Research |
Investors with a lot of money to spend have taken a bearish stance on Occidental Petroleum (NYSE:OXY). And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with OXY, it often means somebody knows something is about to happen. So how do we know what these investors just did? Today, Benzinga's options scanner spotted 19 uncommon options trades for Occidental Petroleum. This isn't normal. The overall sentiment of these big-money traders is split between 36% bullish and 52%, bearish. Out of
Truist Securities analyst Neal Dingmann maintains Occidental Petroleum (NYSE:OXY) with a Hold and lowers the price target from $69 to $67.
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424B7 - OCCIDENTAL PETROLEUM CORP /DE/ (0000797468) (Filer)
Wolfe Research resumed coverage of Occidental Petro with a rating of Outperform and set a new price target of $81.00
Truist downgraded Occidental Petro from Buy to Hold and set a new price target of $69.00 from $84.00 previously
Scotiabank upgraded Occidental Petro from Sector Perform to Sector Outperform and set a new price target of $90.00
HOUSTON, Sept. 12, 2024 (GLOBE NEWSWIRE) -- 1PointFive, a wholly owned subsidiary of Occidental, announced today that the U.S. Department of Energy's Office of Clean Energy Demonstrations (OCED) will provide up to $500 million to support the development of the South Texas Direct Air Capture (DAC) Hub. The award is a milestone in furthering commercial-scale DAC in the United States and validation of Occidental and 1PointFive's ability to use their decades-long expertise in carbon management to accelerate the vital climate technology. The funding will be provided in multiple tranches. The initial award of $50 million will advance 1PointFive's ongoing work at the South Texas DAC Hub. Upcomin
Achieved $3 billion in principal debt reduction in the third quarter of 2024Public offering of a portion of Occidental's common units of Western Midstream Partners, LP, raised $700 million, bringing total 2024 year-to-date closed or announced divestments to approximately $1.7 billionFollowing close of the previously announced Delaware Basin Barilla Draw divestiture, which is expected late in the third quarter, Occidental expects a total year-to-date reduction of over $3.8 billion in principal debt HOUSTON, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE:OXY) today announced it has achieved $3 billion in principal debt reduction in the third quarter of 2024, utilizing robust organic cas
HOUSTON, Aug. 12, 2024 /PRNewswire/ -- Western Midstream Partners, LP (NYSE:WES) ("WES") announced today the pricing of the previously announced underwritten secondary public offering of 19,000,000 common units representing limited partner interests in WES ("Common Units") by affiliates of Occidental (NYSE:OXY) (the "Selling Unitholders"), for gross proceeds of $685.9 million. The offering is expected to close on August 14, 2024, subject to customary closing conditions. The Selling Unitholders have granted Barclays, as the underwriter, a 30-day option to purchase up to 2,850,000 additional Common Units from the Selling Unitholders at the public offering price less underwriting discounts and
HOUSTON, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE:OXY) today announced its second quarter 2024 financial results. The earnings release and accompanying financial schedules can be accessed via the Investor Relations section of the company's website, oxy.com. The earnings release is also available on the U.S. Securities and Exchange Commission's website at sec.gov. The company will hold a conference call to discuss the results on Thursday, August 8, 2024, at 1 p.m. Eastern/12 p.m. Central. The conference call may be accessed by calling 1-866-871-6512 (international callers dial 1-412-317-5417) or via webcast at oxy.com/investors. Participants may pre-register for the conference ca
Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE:PR) today announced its second quarter 2024 financial and operational results and revised 2024 guidance. Recent Financial and Operational Highlights Reported crude oil and total average production of 152.9 MBbls/d and 338.8 MBoe/d during the quarter Decreased controllable cash costs by 8% quarter-over-quarter to $7.45 per Boe, driven primarily by lower LOE Reduced second quarter D&C costs per foot by ~13% compared to 2023, driven by operational efficiencies Announced cash capital expenditures of $516 million and adjusted free cash flow1 of $332 million ($0.43 per adjusted basic share) Reported total
Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE:PR) today announced that it has entered into a definitive agreement with Occidental (NYSE:OXY) to purchase ~29,500 net acres, ~9,900 net royalty acres and ~15,000 Boe/d predominantly located directly offset the Company's existing position in Reeves County, Texas for $817.5 million, subject to customary post-closing adjustments. The effective date of the transaction is July 1, 2024, with closing expected to occur by the end of the third quarter of 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240728309912/en/Permian Resources Acquired Acreage Map (G
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