At a conference about energy finance and the energy transition on May 19, Occidental Petroleum CEO Vicki Hollub stated it plainly, “We will never walk away from oil and gas…and our carbon management business will […]
Occidental Petroleum Corporation (NYSE:OXY) released a solid earnings report for FQ1 this week. However, that hasn’t been enough to stem a slide in OXY that started in early April, as the boost from the OPEC+ production cut faltered. Berkshire Hathaway (BRK.A) (BRK.B) CEO Warren […]
In something of a reversal in trends, Occidental Petroleum has started buying back preferred stock it transferred to Warren Buffett’s Berkshire Hathaway in exchange for its financial backing for the Anadarko takeover. The news comes […]
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 […]
On April 10, 2023, reports emerged that Mizuho had lowered the target price for Occidental Petroleum (NYSE:OXY) from $83.00 to $79.00. This move comes as the oil and gas producer has recently announced quarterly earnings […]
KEY POINTS Oxy CEO Vicki Hollub oversaw the No. 1-performing stock in the S&P 500 in 2022. The White House has pressured oil companies to produce more but Hollub says its capital spending plan will […]
Chevron Corp. posted disappointing fourth-quarter results, just days after surprising investors with a mammoth $75 billion share-buyback program, as the oil giat disclosed a surprise jump in corporate costs.Profit excluding one-time items was $4.09 a […]
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 […]
Good economic data was bad for energy stocks today. What happened The energy industry was hit hard on Thursday by a number of factors from falling prices to a speculation about higher interest rates. Markets […]
Occidental Petroleum may be one of the dominant oil and gas producers in the Permian Basin, but the company envisions a low-carbon future. The company has established a low-carbon business unit and is investing heavily […]
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