Occidental Petroleum is an international oil and gas exploration and production company that focuses on the development of hydrocarbon resources. With operations spanning various regions around the globe, Occidental engages in the extraction of oil and natural gas, and is also involved in the chemical manufacturing sector, producing products used in a variety of industries. The company emphasizes sustainable practices and innovation in its operations, aiming to enhance environmental stewardship while delivering energy solutions to meet global demands. Read More
The Energy Select Sector SPDR Fund is trading lower by 6.3% during Thursday's session. Investors stepped back from Wednesday's risk-on rally and locked in profits.
Occidental Petroleum (NYSE: OXY) reported higher prices for oil and gas production in Q1 2025, with average realized prices up for natural gas and natural gas liquids. The market rally and easing trade tensions boosted oil and gas stocks, but tensions between the US and China and other factors have caused fluctuations in oil prices.
It cut its LNG production forecast to 6.4 million and 6.8 million metric tons, compared with the earlier projection of 6.6 million to 7.2 million metric tons.
The approved project is 14 miles from the city of Odessa and includes three wells that will store about 722,000 metric tons of carbon dioxide per year.
HOUSTON, April 07, 2025 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) and its subsidiary 1PointFive today announced that the U.S Environmental Protection Agency approved its Class VI permits to sequester carbon dioxide (CO2) captured from STRATOS when the world’s largest Direct Air Capture (DAC) facility begins operating in Ector County, Texas. The permits, the first issued to sequester CO2 from a DAC project, allows Occidental to leverage its expertise managing large quantities of CO2 while advancing technology that strengthens the United States’ energy security and furthers economic growth in Texas.
Let's delve into the developments on the US markets in the middle of the day on Monday. Below, you'll find the top gainers and losers within the S&P500 index during today's session.
HOUSTON, April 02, 2025 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) will announce its first quarter 2025 financial results after close of market on Wednesday, May 7, 2025, and will hold a conference call to discuss the results on Thursday, May 8, 2025, at 1 p.m. Eastern/12 p.m. Central.
Warren Buffet has been buying shares of this company since 2019 and Berkshire Hathaway owns 28.2% of the company with its @12.3 billion stake and 265 million sh
Berkshire Hathaway's diversified operations and solid earnings provide stability for investors, leading to share gains during broader market uncertainty.
HOUSTON, April 01, 2025 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced the results of its offer to exercise Occidental’s outstanding publicly traded warrants (the “Warrants”) at a temporarily reduced price of $21.30 per Warrant (the “Offer”). The Offer expired at 5:00 p.m. Eastern Time on March 31, 2025.
