Occidental Petroleum's Wheeling and Dealing Is Helping Fuel Strong Results
Occidental Petroleum used its gushing free cash flow to strengthen its balance sheet and repaid a total of $4 billion in debt during the period. That included $1.1 billion of debt maturities, all of CrownRock's $1.2 billion of debt that it assumed, and $1.7 billion of the term loans it took out to help finance the CrownRock deal.
Occidental Petroleum: Strong Q3 Doesn't Change The Underlying Story
Occidental Petroleum raises guidance but remains limited by debt and high costs. See why OXY stock is still rated Underweight despite solid results.
Q3 2024 Occidental Petroleum Corp Earnings Call
Good afternoon, and welcome to Occidental's third-quarter 2024 earnings conference call. (Operator Instructions) Please note, this event is being recorded. I would now like to turn the conference over to Jordan Tanner, Vice President of Investor Relations. Please go ahead.
Occidental Petroleum Reports Strong Q3 2024 Financial Results
Occidental Petroleum Corp. ( (OXY) ) has released its Q3 earnings. Here is a breakdown of the information Occidental Petroleum Corp. presented
Occidental Petroleum (OXY) Q3 2024 Earnings Call Transcript
Operator Good afternoon and welcome to Occidental's third quarter 2024 earnings conference call. All participants will be in listen-only mode. [Operator instructions] After today's presentation, there will be an opportunity to ask questions.
Occidental Petroleum's Q3 Earnings Beat, Revenues Lag Estimates
OXY's third-quarter earnings are better than expected. The gains from strong sales volume are partially offset by lower realized commodity prices.
Occidental Petroleum’s Q3 Earnings Beat Overshadowed by Q4 Uncertainty: Hold Rating Issued
J.P. Morgan analyst Arun Jayaram has maintained their neutral stance on OXY stock, giving a Hold rating yesterday. Arun Jayaram’s rating
Occidental Petroleum Tops Q3 Estimates
The energy giant surpassed third-quarter expectations despite some challenges in commodity pricing and asset integration.
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Occidental executives outline conservative spending plans
The recently acquired CrownRock assets are showing solid efficiency gains and it’s likely other U.S. onshore operations ...
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Oxy beats quarterly estimates as production surges following CrownRock acquisition
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This Little-Known Private-Equity Firm Booked a 79-Fold Return
The private-equity firm recently sold the shares it received as part of the August sale of its majority stake in oil-and-gas producer CrownRock, notching what is perhaps one of the buyout industry ...
Oxy’s Hollub Drills Down on CrownRock Deal, More M&A, Net-zero Oil
Vicki Hollub is leading Occidental Petroleum through the M&A wave while pioneering oil and gas in EOR and DAC towards the goal of net-zero oil.
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occidental petroleum corp. - OXY
Houston-based Occidental Petroleum said it will purchase CrownRock in a $12 billion deal. It expects the transaction to close in the first quarter of 2024. Oil prices are moving higher ahead of ...
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Occidental Stock Dips 15.8% in a Year: How Should You Play?
The company has issued $5 billion of senior unsecured notes to fund the cash consideration of the CrownRock acquisitions. A huge increase in debt was concerning, but Occidental has issued the ...
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Energy Sector, Japan Are Bright Spots in a Dour Year for Deal Making
Occidental Petroleum is buying CrownRock for about $12 billion. (Kevork Djansezian/Associated Press) In a relatively quiet year for mergers, acquisitions and public offerings, the oil patch and ...
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Occidental Petroleum's SWOT analysis: stock outlook amid CrownRock deal
Occidental Petroleum Corporation (NYSE:OXY) has been making waves in the oil and gas industry with its recent acquisition of CrownRock, a move that has significantly expanded its presence in the ...
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Wall Street Breakfast Podcast: Southwest Airlines Grounds Workforce To Match Capacity
Occidental Petroleum's reports Q3 earnings today. Investors will look for information on debt reduction plans ...