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News Breaks
08:46 EDTOXY
theflyonthewall.com: Occidental Petroleum in JV to furter develop Bahrain field
Occidental Petroleum, Mubadala Development company and the National Oil and Gas Authority of Bahrain announced the creation of a new joint operating company, Tatweer Petroleum-Bahrain Field Development Company-Tatweer petroleum-, which will serve as the operator for the Bahrain Field. The company will operate under the Development and Production Sharing Agreement signed in April 2009 by all three partners, approved by the Bahraini parliament in May 2009 and ratified by His Majesty King Hamad bin Isa Al Kalifa. :theflyonthewall.com



News For OXY From The Last 14 Days
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February 9, 2010
10:32 EDTOXY
theflyonthewall.com: Energy Select Sector SPDR is nearing its 10-day moving average

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10:10 EDTOXY
theflyonthewall.com: Occidental Petroleum volatility flat; 26K May 60 call contracts trade

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February 8, 2010
11:21 EDTOXY
theflyonthewall.com: Occidental Petroleum named a long Research Tactical Idea at Morgan Stanley

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February 5, 2010
11:45 EDTOXY
theflyonthewall.com: Energy Select Sector SPDR breaks the 200-day moving average

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February 3, 2010
16:32 EDTOXY
theflyonthewall.com: Occidental Petroleum says proved reserves 3.23B barrels at end of 2009

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09:00 EDTOXY
theflyonthewall.com: On The Fly: Analysts Upgrade Summary
MOST NOTEWORTHY: United Parcel Service (UPS), SVB Financial (SIVB) and ArvinMeritor (ARM) were today's noteworthy upgrades: Deutsche Bank upgraded United Parcel Service to Buy from Hold on expectations the company will benefit from improving international package volumes and restructuring initiatives. The firm raised its target on shares to $70 from $67. JP Morgan upgraded SVB Financial to Overweight from Neutral on valuation following the recent pullback in shares. The firm has a $54 price target on the stock. Baird upgraded ArvinMeritor to Outperform from Neutral and raised its target to $15 from $12 following the Q2 report. The firm said ArvinMeritor has transformed its business model and is well positioned for growth...OTHER UPGRADES: UBS (UBS) was upgraded to Overweight from Neutral at JP Morgan. Occidental Petroleum (OXY) was upgraded to Conviction Buy from Buy at Goldman. Vail Resorts (MTN) was upgraded to Outperform from Market Perform at Wells Fargo. :theflyonthewall.com
06:41 EDTOXY
theflyonthewall.com: Petroleo Brasileiro S.A. downgraded to Buy from Conviction Buy at Goldman
Note that Goldman added Occidental Petroleum (OXY) to the Conviction Buy List. :theflyonthewall.com
06:41 EDTOXY
theflyonthewall.com: Occidental Petroleum upgraded to Conviction Buy from Buy at Goldman

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January 28, 2010
13:11 EDTOXY
theflyonthewall.com: Occidental Petroleum upgraded to Overweight from Equal Weight at Morgan Stanley
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12:29 EDTOXY
theflyonthewall.com: Occidental Petroleum sees oil and gas production increase of 7% in FY10
Occidental Petroleum (OXY) reported positive Q4 earnings, exceeding revenue estimates. The company grew worldwide production of oil and gas by 7.3% in FY09. That represents the highest annual production volume in company history, and management sees a similar increase in FY10. CEO Ray Irani expects annual production increases of 5%-8% over the next five years. Irani noted that the company aggressively managed costs in FY09, finishing the year with little debt and a strong cash position. He expects high shareholder returns over the next several years. These comments were made on Occidental's Q4 earnings conference call. :theflyonthewall.com
12:18 EDTOXY
theflyonthewall.com: Occidental Petroleum has no interest in making refining acquisitions, DJ reports

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12:00 EDTOXY
theflyonthewall.com: Occidental Petroleum comments on Kern County Discovery expansion plans
"We expect to drill eight wells in the first half of 2010 focusing on oil drilling and exploring the limits of the field. We also expect to add skid mounted gas processing facilities by Q2. We expect to add to our gas production once these facilities are installed." These comments made on Occidental's Q4 earnings conference call. :theflyonthewall.com
11:53 EDTOXY
theflyonthewall.com: Occidental Petroleum provides Q1 guidance on the Chemical segment

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11:45 EDTOXY
theflyonthewall.com: Occidental Petroleum sees FY10 CapEx approximately $4.3B

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11:41 EDTOXY
theflyonthewall.com: Occidental Petroleum comments on Q1 production volumes.
"We expect oil and gas sales volumes to increase from the reformatted 4Q09 amount of 722 mboe/d to about 730 to 740 mboe/d in 1Q10 at about current oil prices.–Production increases will come from California, Bahrain and Oman. We expect 1Q10 exploration expense to be about $75M for seismic and drilling for our exploration programs." These comments made on Occidental's Q4 earnings conference call. :theflyonthewall.com
07:54 EDTOXY
theflyonthewall.com: Occidental Petroleum reports Q4 EPS $1.15 vs. consensus o $1.25

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07:51 EDTOXY
theflyonthewall.com: Occidental Petroleum reports Q4 EPS $1.15 vs. consensus of $1.25

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