{
}
Occidental Petroleum Corporation, a major U.S. oil company, generates 72.8% of its net sales from hydrocarbon exploration and production, with projected sales of 234 million barrels of crude oil and 103 million barrels of natural gas liquids in 2023. The company also produces chemicals (18.2%) and engages in hydrocarbon transportation, storage, and distribution (9%). Notably, 84.6% of its net sales come from the United States.
Warren Buffett's Berkshire Hathaway has decided to shut down Pilot Co's international oil trading operations, refocusing the company on fuel retail in North America. Following significant layoffs, including a vice president, Pilot Co aims to enhance its core capabilities in delivering reliable fuel supply. Meanwhile, Buffett continues to increase his stake in Occidental Petroleum, raising speculation about a potential takeover, although he has denied any plans for control.
Warren Buffett's Berkshire Hathaway increased its stakes in three companies during the December market pullback: Occidental Petroleum, Sirius XM, and VeriSign. While Occidental and Sirius XM are considered undervalued, with fair value estimates of $62 and $30 respectively, investors are advised to wait for a margin of safety before buying VeriSign, valued at $195.
Occidental Petroleum Corporation, which focuses on oil and gas exploration and production, has 88.70% of its stock owned by hedge funds and institutional investors. Analysts have recently adjusted price targets, with UBS lowering it from $58 to $51, while the stock currently holds a "Hold" rating with a consensus price target of $62.75. The company's shares opened at $48.74, with a one-year range of $47.20 to $71.18, and it has seen various institutional investors increase their stakes in recent months.
Occidental Petroleum Corporation is a leading U.S. oil company, with 72.8% of its sales from oil and natural gas exploration and production, totaling 234 million barrels of crude oil and 103 million barrels of liquefied natural gas in 2023. Additionally, the company generates 18.2% of its revenue from manufacturing chemical products and 9% from the transport, storage, and distribution of hydrocarbons, with 84.6% of sales occurring within the United States.
Occidental Petroleum Corporation, a leading U.S. oil company, generates 72.8% of its net sales from hydrocarbon exploration and production, with projected sales of 234 million barrels of crude oil and 103 million barrels of natural gas liquids in 2023. The company also produces chemicals (18.2%) and manages transportation, storage, and distribution of hydrocarbons (9%), with the U.S. market accounting for 84.6% of its net sales.
Occidental Petroleum shares have shown a mixed performance recently, with a price target cut by UBS from USD 59 to USD 58 while BMO Capital raised its target from USD 60 to USD 65. The stock rose by 1.68% to EUR 48.19 on November 18, reflecting growing investor confidence following strong Q3 results. Despite a 16.62% annual decline, the share price remains 6.50% above its 52-week low.
Occidental Petroleum operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing, focusing on the exploration and production of oil, natural gas liquids, and natural gas. Analysts have recently lowered price targets for the stock, with UBS Group setting a target of $58.00, suggesting a potential upside of 13.21%. The stock has seen significant trading activity, with a current market cap of $48.07 billion and a consensus rating of "Hold" among analysts.
Occidental Petroleum Corporation, a leading U.S. oil company, generates 72.8% of its sales from oil and natural gas exploration and production, with 234 million barrels of crude oil sold in 2023. The company also manufactures chemical products (18.2%) and engages in hydrocarbon transport, storage, and distribution (9%). Notably, 84.6% of its sales occur within the United States.
Occidental Petroleum Corporation, a major U.S. oil company, has received a neutral rating from UBS. In 2023, the company expects to sell 234 million barrels of crude oil, 103 million barrels of natural gas liquids, and 18.6 billion m³ of natural gas, with exploration and production accounting for 72.8% of net sales. The U.S. market represents 84.6% of its revenue, while chemical production and hydrocarbon transportation contribute 18.2% and 9%, respectively.
Occidental Petroleum Corporation
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
occidental petroleum maintains neutral rating amid diverse business segments
19:56 22.01.2025
warren buffett company exits international oil trading to focus on retail
Berkshire Hathaway Inc.
Pilot Corporation
Occidental Petroleum Corporation
USA
Gary Hoogeveen
Warren Buffett
Charles Kennedy
Show more
09:24 22.01.2025
Warren Buffett increases stakes in Occidental Petroleum and Sirius XM
16:44 16.01.2025
Occidental Petroleum Faces Price Target Reductions Amid Mixed Analyst Ratings
14:55 10.12.2024
Occidental Petroleum Reports Strong Sales in Oil and Chemical Sectors
16:36 09.12.2024
Occidental Petroleum Reports Strong Sales in Exploration and Production Segments
16:36 09.12.2024
ccidental petroleum shares see mixed analyst ratings and price target adjustments
United States Dollar
Euro
BMO Capital
Susquehanna Financial Group, LLLP
Bofa Securities Inc.
UBS
Occidental Petroleum Corporation
DEU
USA
Paul Cheng
Biju Perincheril
Show more
14:10 19.11.2024
ccidental petroleum faces price target cuts amid mixed analyst ratings
19:41 18.11.2024
ccidental petroleum maintains neutral outlook amid strong us oil sales
19:01 18.11.2024
ubs issues neutral rating on occidental petroleum corporation"s market performance
19:01 18.11.2024
Trending
Subcategory
Startups & Entrepreneurship
Corporate News
Industry Trends
Global Trade Developments
Government Economic Policies
Retail and Consumer Goods
Stock Market Updates
Industry Mergers & Acquisitions
Global Financial Events
Venture Capital Investments
Supply Chain Management
Private Equity Deals
Cryptocurrency & Blockchain Regulations
Finance Mergers & Acquisitions
Central Bank Actions
Energy Sector Developments
Inflation and Monetary Impact
Market Analysis and Predictions
Funding Rounds & Investments
Economic Indicators
Countries:
Companies:
Apple Inc.
NVIDIA Corporation
Google Inc.
Samsung Securities Co.,Ltd.
Taiwan Semiconductor Manufacturing Company Limited
Microsoft Corporation
Verizon Communications Inc.
OpenAI ERC USD
Dell Technologies Inc.
European Union Bonds
BRAINBEES SOLUTIONS LTD
Eternal Limited
CarTrade Tech Limited
PB Fintech Limited
OLA ELECTRIC MOBILITY LTD
KuCoin Token USD
CANVAS N Co.,Ltd.
Baidu, Inc.
iFLYTEK CO.,LTD
Reliance Industries Limited
Currencies:
United States Dollar
Euro
Indian Rupee
Chinese Yuan
Japanese Yen
British Pound Sterling
Australian Dollar
New Zealand Dollar
South Korean Won
Egyptian Pound
Vietnamese Đồng
New Taiwan Dollar
Indonesian Rupiah
South African Rand
United Arab Emirates Dirham
Malaysian Ringgit
Singapore Dollar
Lebanese Pound
People:
Donald Trump
Howard Lutnick
Shigeru Ishiba
Scott Bessent
Jamieson Greer
Abdulaziz bin Salman Al Saud
Mohammad Al Tamimi
Mohammad Altamimi
Sam Altman
Chris Wright
Christopher Flinos
Mohammed bin Salman Al Saud
John Abraham
Swaminathan Aiyar
Todd Blanche
Justin Sun
Changpeng Zhao
Cameron Adams
Jasprit Bumrah
Kevin Hassett