New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 30, 2013
10:31 EDTOXYOccidental Petroleum edges up after analyst applauds CEO plan
Occidental Petroleum's stock is advancing slightly after the company announced that its current CEO, Steve Chazen, would remain in the position through the end of 2014. WHAT'S NEW: Occidental announced that Chazen would remain in the top spot until the end of 2014. In February, Occidental had said that it was initiating a search for a replacement for Chazen. The company indicated that investors had pushed the company to retain Chazen as CEO for an extended period. Chazen was promoted to CEO from COO in 2010. ANALYST REACTION: In a note to investors, Deutsche Bank analyst Paul Sankey wrote that Occidental's decision was "very positive." Sankey upgraded the stock to Buy from Hold, as he believes that the move clears the way for the company to "shrink to grow," i.e. spin off businesses. Spinning off businesses would facilitate major share buybacks and makes sense in the current high oil price environment, the analyst wrote. Sankey increased his price target on the stock to $112 from $90. TODAY'S PRICE ACTION: In mid-morning trading, Occidental gained 0.6% to $88.40.
News For OXY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 27, 2014
09:22 EDTOXYOccidental Petroleum risk/reward attractive, says Sterne Agee
Subscribe for More Information
05:59 EDTOXYStocks with implied volatility movement; EWZ OXY
Stocks with implied volatility movement; MSCI Brazil Index (EWZ) 62, Occidental Petroleum (OXY) 24 according to iVolatility.
October 23, 2014
10:15 EDTOXYOccidental Petroleum expects to meet 2017 productoin target of 120+ MBoed
Subscribe for More Information
10:14 EDTOXYOccidental Petroleum: Permian Resources production growth of 20% in 2015
Subscribe for More Information
10:12 EDTOXYOccidental Petroleum expects overall capital program to decline in 2015
the decline is due to the absence of California and the completion of multiple long-term projects. Expects a significant decline in spending in the Middle East as it reaps the benefits of some of earlier long-term investments. The majority of capital budgeted for next year will be allocated to domestic oil and gas drilling opportunities. Some of the reduction in program on long-term projects will be allocated to profitable growth opportunities in Permian Resources, Midstream and Chemicals.
10:10 EDTOXYOccidental Petroleum has no intention of acquiring public companies
Subscribe for More Information
10:10 EDTOXYOccidental Petroleum plan to operate Williston/Piceance basins with less capital
The company plans to operate the basins with less capital in order to generate free cash and shift investment toward higher growth and higher operations in Permian Basin. The company continues to make progress in negotiations with partners in Middle East towards a partial monetization. Expects to achieve similar balance in asset mix, with at least 60% of oil and gas production coming from the U.S. Expects to monetize remaining interest in General Partner of Plains All American Pipeline valued at more than $4B. Expects to generate large a mount of cash proceeds from strategic initiatives. The bulk of these proceeds will be used for share repurchases and hope to reinvest in the business through attractive bolt-on property acquisitions in core area of the Permian Basin.
10:07 EDTOXYOccidental Petroleum sees continued Permian oil production growht in Q4
Subscribe for More Information
10:05 EDTOXYOccidental Petroleum received $5B from bond offering completed by Calif Resource
Subscribe for More Information
07:06 EDTOXYOccidental Petroleum reports Q3 core EPS $1.58, consensus $1.57
Subscribe for More Information
October 22, 2014
16:13 EDTOXYCalifornia Resources reports Q3 net income of $188M
Subscribe for More Information
15:37 EDTOXYNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Comcast (CMCSA), consensus 71c; Union Pacific (UNP), consensus $1.52; 3M (MMM), consensus $1.96; AbbVie (ABBV), consensus 77c; Celgene (CELG), consensus 95c; Eli Lilly (LLY), consensus 67c; Occidental Petroleum (OXY), consensus $1.57; Caterpillar (CAT), consensus $1.36; Alexion Pharmaceuticals (ALXN), consensus $1.16; Precision Castparts (PCP), consensus $3.32; Raytheon (RTN), consensus $1.60; American Electric Power (AEP), consensus $1.02; Southwest Airlines (LUV), consensus 53c; Lorillard (LO), consensus 90c; T. Rowe Price (TROW), consensus $1.15; Mead Johnson (MJN), consensus 91c; Zimmer Holdings (ZMH), consensus $1.30; Nucor (NUE), consensus 73c; Nielsen (NLSN), consensus 65c; Prologis (PLD), consensus 46c; Sigma-Aldrich (SIAL), consensus $1.06; Under Armour (UA), consensus 40c; EQT (EQT), consensus 56c; Dr Pepper Snapple (DPS), consensus 88c; Cameron International (CAM), consensus $1.10; Coca-Cola Enterprises (CCE), consensus 89c; Quest Diagnostics (DGX), consensus $1.08; CMS Energy (CMS), consensus 41c; Airgas (ARG), consensus $1.29; PulteGroup (PHM), consensus 36c; Diamond Offshore (DO), consensus 79c; Bemis (BMS), consensus 67c.
October 21, 2014
10:00 EDTOXYOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
08:29 EDTOXYOccidental Petroleum upgraded to Accumulate from Neutral at Global Hunter
Global Hunter upgraded Occidental to Accumulate based on favorable risk/reward, balance sheet strength, and ongoing asset monetization catalysts. Price target lowered to $105 from $110 based on based on a lower commodity price outlook.
06:41 EDTOXYOman Oil mulls purchase of Oxy sultanate assets, Reuters says
Oman Oil CEO Isam al-Zadjali said that the company has entered negotiations with Occidental Petroleum to purchase the U.S. company's assets in the Gulf Arab sultanate, but is still waiting to understand the terms of the possible deal, according to Reuters, citing comments from al-Zadjali. Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use