OXY
NYSE · Energy
Occidental Petroleum Corp
$56.53
+2.72 (+5.05%)
OXY News30 articles
AI Investment Jitters Outweigh Oil Drop, Nasdaq-100 Futures Slide
Nasdaq-100 futures fell 1.04% in premarket trade as skepticism over AI spending overshadowed a boost from lower oil prices. Nvidia slipped 5% on OpenAI funding reports.
U.S. Stocks Rally as Iran Tensions Ease, Oil Prices Plunge
U.S. stocks rallied as a halt in U.S.-Iran hostilities drove oil prices down more than 6%, lifting travel stocks and easing inflation concerns.
Stock Futures Rise as Oil Prices Drop Ahead of Fed Meeting and Tech Earnings
U.S. stock index futures rose in premarket trading as a drop in oil prices reduced short-term inflation concerns, ahead of the Fed meeting and megacap earnings.
Nasdaq Futures Lead as Oil Plunges, Fed Decision and Big Tech Earnings in Focus
Nasdaq futures rallied Monday as oil prices tumbled, reducing inflation concerns ahead of a Fed meeting and major tech earnings reports.
Crude Breaches $100 as Red Sea Tanker Attack Rattles Markets; Energy Equities Lag
Brent crude jumped 6.7% to $100.37 after a Red Sea tanker attack, but U.S. energy stocks rose only modestly, suggesting investors view the event as a temporary disruption.
ExxonMobil Shares Fall Despite $5 Billion Q2 Earnings Boost
ExxonMobil shares fell 2% despite a $5 billion Q2 earnings forecast, as much of the gain came from accounting timing effects, wiping out $11.6 billion in market value.
Occidental Petroleum Jumps on Upgrade and Oil Rally
Occidental Petroleum shares rose 3.6% after an Evercore upgrade and a sharp jump in oil prices due to U.S.-Iran tensions. The stock's rally hinges on sustaining the crude premium and continued debt reduction.
Oil Spike Widens Energy-Travel Gap as Futures Slip
US stock futures dropped Wednesday after oil jumped 4%, creating a 6.1-point gap between energy and travel stocks in premarket trading.
Energy Stocks Hold Steady as Oil Prices Retreat on Iran Deal Hopes
Brent crude dropped 3.37% to $87.33, and WTI fell 3.23% to $84.88 on Friday amid optimism over a potential U.S.-Iran agreement, but energy stocks like XLE ended the week nearly unchanged.
Brent Crude Surges Past $105 on Hormuz Supply Concerns
Brent crude rose 3.2% to $105.88 on Friday as traders doubted a swift U.S.-Iran deal would restore oil flows through the Strait of Hormuz. The IEA warned of a potential supply red zone by August.
Devon Energy Rises on Oil Price Surge and $8B Buyback Approval
Devon Energy shares climbed 4.76% on Friday to $49.49, buoyed by rising oil prices and an $8 billion buyback plan. The stock remains below its 52-week high of $52.71.
Oil Surges Past $109 on Hormuz Tensions; Energy Stocks Rally
Brent crude surged past $109 a barrel amid renewed geopolitical risks near the Strait of Hormuz, driving U.S. energy stocks sharply higher in early trading.
Occidental Petroleum Q1 Profit Tops Estimates, Debt Reduction in Focus
Occidental Petroleum reported Q1 adjusted EPS of $1.06, above expectations, as US production rose. The company reduced debt to $13.3 billion and lowered its full-year production forecast. CEO transition planned for June 1.
Greg Abel Takes Center Stage at Berkshire Hathaway as Cash Pile Swells to $397 Billion
Greg Abel presided over Berkshire Hathaway's annual meeting for the first time as CEO, with Warren Buffett watching from the audience. The conglomerate reported a jump in operating earnings and a record cash pile of nearly $400 billion.
Occidental Petroleum Shares Drop Amid Oil Price Retreat, CEO Succession in Focus
Occidental Petroleum stock declined in premarket trading, tracking lower oil prices after a U.S.-Iran ceasefire. Wolfe Research lifted its price target to $70, but analysts remain cautious ahead of CEO Vicki Hollub's expected retirement and first-quarter results due May 5.
Markets Cautious as Iran Tensions, Fed Outlook Weigh on Oil and Equities
U.S. stock futures posted modest gains Monday as investors monitored Middle East tensions and recalibrated Federal Reserve rate expectations. Oil prices retreated slightly but remained elevated near $108 a barrel.
Occidental Petroleum Target Raised to $74 Amid Oil Price Volatility
Stephens increased its price target on Occidental Petroleum to $74, above consensus, as shares fell 4.26% Wednesday amid energy sector weakness. Oil prices rebounded Thursday after geopolitical tensions.
S&P 500 Reclaims Key Technical Level Amid Geopolitical Relief
The S&P 500 rallied sharply, climbing back above its 200-day moving average after President Trump delayed strikes on Iran. The move split analysts on whether it signals a durable rebound or a temporary respite.
Markets Rally on Iran De-escalation, But Energy Disruption Lingers
Equities rallied and oil prices plunged after a five-day pause in U.S.-Iran tensions, though the closure of the Strait of Hormuz continues to severely disrupt global energy supplies.
Markets Rally as Trump Delays Iran Strikes, Easing Oil Shock Fears
Oil prices tumbled sharply while U.S. equity futures rallied after President Trump delayed military action against Iranian energy infrastructure, easing investor concerns over a potential oil supply shock.
Berkshire Hathaway Stock Holds Steady Amid Market Sell-Off
Berkshire Hathaway shares showed resilience in a down market, slipping just 0.1% while the broader S&P 500 fell sharply. The company has resumed its stock repurchase program, signaling management's confidence.
Dow Gains as Fed Decision Nears; Oil Prices Stoke Inflation Concerns
The Dow Jones Industrial Average advanced on Tuesday as investors positioned for the Federal Reserve's policy announcement, looking past elevated oil prices linked to Middle East tensions. Brent crude traded above $101 a barrel.
Occidental Petroleum Shares Dip Despite $100 Oil and Analyst Upgrades
Occidental Petroleum shares declined 1% to $57.83 by midday Friday, even as Brent crude surged past $101 per barrel. The stock received upgrades from Piper Sandler and Wells Fargo, with both firms highlighting improved capital efficiency and the company's ongoing debt reduction efforts.
Wall Street Slides as Oil Surge, Credit Fears Rattle Investors
U.S. stocks tumbled sharply on Thursday, with the Dow Jones Industrial Average dropping over 550 points. The sell-off was driven by a spike in oil prices above $100 a barrel and fresh strains in private credit markets.
Oil Majors Rise as Strait of Hormuz Attacks Spark Crude Price Surge
Major oil equities advanced in premarket trading Thursday as crude prices surged past $100 a barrel after new attacks on shipping in the Strait of Hormuz, though prices later eased. Broader market futures fell as traders reassessed Federal Reserve rate cut expectations.
Futures Climb as Oil Plunge Lifts Travel Stocks Ahead of Key Data
U.S. equity futures advanced Tuesday, buoyed by a sharp drop in crude oil prices following geopolitical comments. Airline stocks gained premarket, while energy shares declined.
Wall Street Outperforms Global Markets Amid Iran Conflict, Oil Surge
U.S. equity futures edged lower Friday as geopolitical tensions with Iran fueled oil prices and inflation concerns, though Wall Street is set to outperform global peers this week. The Nasdaq remains on track for a modest weekly advance.
Chevron Gains as Middle East Tensions Fuel Oil Price Surge
Chevron shares climbed 1.7% to $189.28 as crude prices jumped sharply amid Middle East supply disruptions. Brent crude gained 4.93% while WTI surged 8.51% to $81.01.
OXY Shares Reverse Gains as Oil Spikes on Middle East Tensions
Occidental Petroleum shares gave up early gains and closed lower Tuesday, caught in volatile trading as oil prices surged to 2024 highs on Middle East supply concerns. Investors are focused on upcoming inventory data and a key debt-tender deadline.
Oil Spike, Rate Fears Drive Sharp Selloff; Target Gains on Earnings
Major U.S. equity indices fell sharply Tuesday, pressured by a surge in oil prices and rising Treasury yields that dampened expectations for near-term Federal Reserve rate cuts. Retailer Target posted gains following its quarterly report.