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Stock Market & Financial Investment News

News Breaks
January 30, 2014
07:23 EDTOXYOccidental Petroleum says added about 470M barrels of reserves
Occidental Petroleum said, "We had strong results in our domestic program in 2013. We grew our domestic liquids production by 15,000 barrels per day, or 5%, to 343,000 barrels per day on a year-over-year basis...Our domestic proved liquids reserve replacement was 228% and we replaced all of our domestic gas production with our drilling program. Based on our preliminary reserve estimates, we added about 470M barrels of reserves, resulting in a reserve replacement ratio of 169% for the total company. Of the total reserve additions, 156%, or about 433M barrels, resulted from our development program."
News For OXY From The Last 14 Days
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December 21, 2014
11:32 EDTOXYChevron, Occidental Petroleum, three others look cheap, Barron's says
Chevron (CVX), Occidental Petroleum (OXY), Shell (RDS.A, RDS.B), EOG Resources (EOG), and Schlumberger (SLB) look cheap due to the drop in oil prices and this could be an opportunity to buy, Barron's contends in its cover article. Reference Link
December 18, 2014
09:13 EDTOXYOccidental, Mexichem say joint venture ethylene cracker project on schedule
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December 15, 2014
10:00 EDTOXYOn The Fly: Analyst Upgrade Summary
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08:56 EDTOXYOccidental Petroleum coverage resumed with a Sell at Goldman
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08:49 EDTOXYOccidental Petroleum a compelling opportunity, says Sterne Agee
Sterne Agee notes that Occidental is buying back its own shares and has just raised over $8.5B. The firm thinks the company is likely to raise its dividend further and could accelerate its share repurchases in the near-term. Sterne keeps a $94 price target and Buy rating on the shares.
07:08 EDTOXYOccidental Petroleum upgraded to Buy from Neutral at Sterne Agee
Price target is $94.
December 9, 2014
06:05 EDTOXYStocks with implied volatility movement; LNG OXY
Stocks with implied volatility movement; Cheniere Energy (LNG) 59, Occidental Petroleum (OXY) 33 according to iVolatility.

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