Occidental Petroleum: The Cost Cutting Today Means More Profits Tomorrow [Seeking Alpha]
Occidental Petroleum Corporation (OXY)
Last occidental petroleum corporation earnings: 2/27 04:13 pm
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US:NYSE Investor Relations:
oxy.com/investors/pages/default.aspx
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Source: Seeking Alpha
The recent CrownRock acquisition highlights the company's shift towards a growth and income strategy. The CrownRock inventory is near the top of Occidental's inventory. OXY stock price has been affected by the industry-wide price-earnings ratio collapse. A return to normal valuations should happen in the future. This kind of stock is best purchased when "left for dead" because the cost-cutting is likely to lead to outperformance when the industry recovers. Cash flow likely outperformed expectations, despite the sharp downturn in natural gas prices when compared to the previous fiscal year. Occidental Petroleum ( NYSE: OXY ) earnings elicited a big yawn from the market. Then again, many times, cost-cutting when commodity (and corresponding stock) prices are in the "yawn" range does not get a reaction from Mr. Market until they head back up again. For investors, doing your homework now on Recommended For You
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OXY
News
- Occidental Petroleum Corporation's (NYSE:OXY) Intrinsic Value Is Potentially 30% Above Its Share Price [Yahoo! Finance]Yahoo! Finance
- Occidental Petroleum (NYSE:OXY): Is This Buffett Stock a Buy Now? [Yahoo! Finance]Yahoo! Finance
- Occidental Petroleum Co. (NYSE: OXY) was downgraded by analysts at Truist Financial Co. from a "buy" rating to a "hold" rating. They now have a $69.00 price target on the stock, down previously from $84.00.MarketBeat
- Hydrochloric Acid Market size is set to grow by USD 978.77 mn from 2024-2028, growing demand for pvc to boost the market growth, Technavio [Yahoo! Finance]Yahoo! Finance
- Chlorine Market size is set to grow by USD 7442.74 mn from 2024-2028, growing use of chlorine in pharmaceutical industry to boost the market growth, Technavio [Yahoo! Finance]Yahoo! Finance
OXY
Earnings
- 5/7/24 - Beat
OXY
Sec Filings
- 5/7/24 - Form 4
- 5/7/24 - Form 4
- 5/7/24 - Form 4
- OXY's page on the SEC website