News sentiment analysis powered by sentiment-insight.com
Occidental Petroleum Corporation (NYSE:OXY) Q3 2023 Earnings Call Transcript
Occidental Petroleum Corporation (NYSE:OXY) Q3 2023 Earnings Call Transcript November 8, 2023. Vicki Hollub, President and Chief Executive Officer; Richard Jackson, President, Operations, U.S. Onshore Resources and Carbon Management. Rob Peterson, Executive Vice President, Essential Chemistry; Ken Dillon, Senior Vice President and President International Oil and Gas Operations. Mike Avery, General Manager of 1PointFive.
An Intrinsic Calculation For Occidental Petroleum Corporation (NYSE:OXY) Suggests It's 32% Undervalued The US$68.20 analyst price target for OXY is 28% less than our estimate of fair value. Occidental Petroleum's estimated fair value is US$94.34. The company appears quite undervalued at a 32% discount to where the stock trades.
Is Occidental Petroleum Corporation's (NYSE:OXY) Recent Performance Tethered To Its Attractive Financial Prospects? Occidental Petroleum's (NYSE:OXY) stock increased by 5.1% over the past three months. Since the market usually pays for a company's long-term financial health, we decided to study the company's fundamentals to see if they could be influencing the market. Particularly, we will be paying attention to Occidental Petroleum’s ROE today. Return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders.
Prem Watsa's Q2 2023 Investment Moves: A Deep Dive Prem Watsa, often referred to as the "Canadian Warren Buffet," recently disclosed his firm's Q2 2023 portfolio updates. The most significant move in the quarter was the purchase of 2,989,991 shares of Occidental Petroleum Corp (NYSE:OXY), bringing the total holding to 6,020,418 shares.
Occidental Petroleum Corporation (NYSE:OXY) Q2 2023 Earnings Call Transcript Occidental Petroleum Corporation (NYSE:OXY) Q2 2023 Earnings Call Transcript. Use of the call is being recorded. The presentation includes a cautionary statement on Slide 2 regarding forward-looking statements.
Occidental: Q2 Earnings Snapshot Occidental Petroleum Corp. (OXY) on Wednesday reported second-quarter net income of $860 million. The results fell short of Wall Street expectations. The oil and gas exploration and production company posted revenue of $6.73 billion.
Investing in Occidental Petroleum (NYSE:OXY) three years ago would have delivered you a 321% gain Occidental Petroleum Corporation (NYSE:OXY) share price is up a whopping 314% in the last three years. While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. Let's assess the underlying fundamentals over the last 3 years and see if they've moved in lock-step with shareholder returns.
Is Occidental Petroleum (NYSE:OXY) Using Too Much Debt? Occidental Petroleum Corporation (NYSE:OXY) does use debt in its business. The real question is whether this debt is making the company risky. When we examine debt levels, we first consider both cash and debt levels.
Stocks moving in after-hours: Berkshire Hathaway, Capital One, Beam, Tesla Berkshire Hathaway added to its positions in Apple (AAPL), Occidental Petroleum (OXY), Bank of America (BOC), and Citigroup (C), among others. Berkshire trimmed its position in Chevron (CVX), GM (GM), Amazon (AMZN) and Activision Blizzard (ATVI)
Occidental: Q1 Earnings Snapshot Occidental Petroleum Corp. (OXY) on Tuesday reported first-quarter earnings of $1.26 billion. The results did not meet Wall Street expectations. The oil and gas exploration and production company posted revenue of $7.25 billion.
Could The Market Be Wrong About Occidental Petroleum Corporation (NYSE:OXY) Given Its Attractive Financial Prospects? Occidental Petroleum's (NYSE:OXY) stock has declined 7.0% over the past three months. ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. How Do You Calculate Return On Equity?ROE can be calculated by using the formula:Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity.
Those who invested in Occidental Petroleum (NYSE:OXY) three years ago are up 436% Occidental Petroleum Corporation (NYSE:OXY) saw its share price soar 428% in three years. The last week saw the share price soften some 1.4%. It's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business.
A Look At The Fair Value Of Occidental Petroleum Corporation (NYSE:OXY) Occidental Petroleum Corporation (NYSE:OXY) appears to be trading close to its estimated fair value. The US$71.81 analyst price target is 19% more than our estimate of fair value of US$60.11. We will use the Discounted Cash Flow (DCF) model on this occasion.
Warren Buffett's Berkshire Bumps Up Occidental Stake To Over 22% With $355M Stock Buy Warren Buffett's Berkshire Hathaway Inc bought over 5.8 million shares of Occidental Petroleum Corporation (NYSE:OXY) between March 3 and March 7.
Occidental Petroleum Co. (NYSE:OXY) Given Consensus Rating of “Hold” by Brokerages OXY has been the topic of several recent analyst reports. Roth Capital reaffirmed a “neutral” rating on shares of Occidental Petroleum.
Anghami Reports First Half 2022 Earnings Anghami (NASDAQ:ANGH) First Half 2022 Results. Berkshire Hathaway (BRK/A, BRK/B) now holds a roughly 22.1% stake in Occidental Petroleum (OXY)
Occidental: Q4 Earnings Snapshot Occidental Petroleum Corp. (OXY) on Monday reported fourth-quarter earnings of $1.93 billion. The results did not meet Wall Street expectations. The oil and gas exploration and production company posted revenue of $8.33 billion.
Occidental: Q4 Earnings Snapshot Occidental Petroleum Corp. (OXY) reported fourth-quarter earnings of $1.93 billion. The results did not meet Wall Street expectations. For the year, the company reported profit of $13.3 billion, or $12.40 per share.
KFY Crosses Above Key Moving Average Level Shares of Avient Corp (Symbol: AVNT) crossed below their 200 day moving average of $39.82. Oak Street Health, Inc. (OSH) could witness a trend reversal as a hammer chart pattern formed in its last trading session. State Street has filed a 13G/A form with the SEC disclosing ownership of 48.74MM shares of Occidental Petroleum Corporation (OXY) Celanese Corp (CE) saw new options become available today, for the December 15th expiration.
Wells Fargo (WFC) Gains But Lags Market: What You Should Know ASML (ASML) closed at $633.39 in the latest trading session, marking a +1.94% move from the prior day. Salesforce.com (CRM) closed the most recent trading day at $144.90, moving -1.72% from the previous trading session. Occidental Petroleum Corporation (OXY) has recently been on Zacks.com's list of the most searched stocks.
Sign Up
