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HomeOccidental Petroleum

Occidental Petroleum

Oil
Big Oil Companies

Banks Continue to Put Billions Into Oil and Gas — Is It a Smart Investment?

June 8, 2023 Mariel Alumit

The oil company CEO was practically giddy, she was so excited about its record earnings. On a call with shareholders and analysts on March 31, Occidental Petroleum’s Vicki Hollub bragged that the century-old oil giant was […]

Oxy holds groundbreaking ceremony for carbon capture plant
CCUS

Oxy holds groundbreaking ceremony for carbon capture plant

April 29, 2023 Mariel Alumit

Oxy’s carbon capture plant, Stratos, will be considered the world’s largest direct air capture plant once it’s complete. ODESSA, Texas — Oxy and its subsidiary, 1PointFive, held a groundbreaking ceremony Friday for their planned carbon […]

Occidental
Exploration and Production

Occidental Petroleum Sees Potential Upside Despite Missed Earnings Report

April 10, 2023 Mariel Alumit

Occidental Petroleum Corp, a leading oil and gas producer, saw its price target raised by Wells Fargo & Company from $64.00 to $65.00 in a research report on Friday. This increase indicates a potential upside […]

Price
Exploration and Production

Warren Buffett Adds To His Occidental Petroleum Stake As Energy Stock Receives Upgrade

March 28, 2023 Mariel Alumit

Warren Buffett added more Occidental Petroleum (OXY) stock to his Berkshire Hathaway (BRKB) portfolio in recent days, bolstering his stake in the U.S. energy company. Meanwhile, OXY stock was upgraded Tuesday. Berkshire Hathaway purchased around […]

Big Oil Companies

US oil output to grow by 500,000 bpd in 2023, says Occidental Petroleum Exec

March 8, 2023 Mariel Alumit

U.S. oil production will grow by about 500,000 barrels per day this year, with 80% or 90% of that coming from the Permian basin, Frederick Forthuber, president of Oxy Energy Services at Occidental Petroleum Corp […]

Occidental
CCUS

Occidental raises spending budget, delays direct air capture launch

February 28, 2023 Mariel Alumit

​ The Occidental Petroleum Corp headquarters is pictured in Los Angeles, California September 16, 2013. REUTERS/Mario Anzuoni/File Photo Summary Occidental misses Q4 profit estimate as inflation hits Quarterly dividend increased about 38% to 18 cents […]

17 biggest energy companies in the US
Big Oil Companies

17 Biggest Energy Companies in the US

December 26, 2022 Mariel Alumit

In this piece, we will take a look at the 17 biggest energy companies in the U.S. For more companies, head on over to 5 Biggest Energy Companies in the U.S. America is one of the […]

Biden
Energy Policy

The Biden Administration’s ‘Reverse Ferret’ On Energy Policy

December 15, 2022 Mariel Alumit

If you think American politics couldn’t get worse, then hold my beer. The White House seems to have caught a bout of the British disease — a weird and muddled energy policy. You can read the […]

U.S.
Crude Oil News

U.S. big company oil reserves up 13% since 2017, deals drive recent growth -study

August 17, 2022 Mariel Alumit

NEW YORK, Aug 17 (Reuters) – U.S. oil reserves held by 50 large companies rose by 13% over the five years ended in December, according to an Ernst & Young report released on Wednesday, with […]

3 Things the World's Smartest Investors Will Do in the Second Half of 2022 to Beat the Market
Finance

3 Things the World’s Smartest Investors Will Do in the Second Half of 2022 to Beat the Market

July 3, 2022 Stu Turley

Are you feeling beaten down by the stock market? You’re not alone. The stock market experienced its worst first half of a year in more than five decades. Very few investors have been able to defy gravity […]

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