Revenue segments as reported by the company.

Oil & Gas

Chemical

Midstream & Marketing

Eliminations

Interest, dividends and other income

Gains (losses) on sale of assets, net

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Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Purchased commodities

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Taxes other than on income

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Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Occidental Petroleum

Occidental Petroleum Corp. engages in the exploration and production of oil and natural gas. It operates through the following segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops and produces oil and condensate, natural gas liquids and natural gas. The Chemical segment manufactures and markets basic chemicals and vinyls. The Midstream and Marketing segment purchases, markets, gathers, processes, transports and stores oil, condensate, natural gas liquids, natural gas, carbon dioxide, and power. The company was founded in 1920 and is headquartered in Houston, TX.

Earnings data Q1 2021

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Earnings data Q1 2023

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Occidental Petroleum posts record earnings, focuses on sustainable growth

Occidental Petroleum (OXY) delivered strong financial results in Q4 2022, driven by record net income and free cash flow, showcasing operational excellence and financial discipline.
The company's strategic focus on debt reduction, shareholder returns, and low-carbon initiatives positions it well for sustainable growth and value creation.
While facing challenges in production maintenance and cost management, OXY's diversified capital plan and cautious approach to investments present opportunities for future growth and resilience.

Occidental Petroleum excels in Q1, prioritizes sustainability and shareholder value

Occidental Petroleum's Q1 2023 performance reflects operational excellence, financial strength, and a strategic focus on enhancing shareholder value through capital allocation.
Despite inflation challenges, the company's proactive approach to cost management and investment in sustainable technologies underscores a commitment to long-term growth.
By prioritizing shareholder returns, innovation, and sustainability, Occidental Petroleum is well-positioned to navigate uncertainties and capitalize on growth opportunities in the energy sector.

Occidental Petroleum (OXY) reports record Q2 results and advances sustainability goals

Occidental Petroleum (OXY) delivered a strong performance in Q2 2023, driven by operational excellence, financial discipline, and a focus on sustainability. Despite labor challenges, the company remains focused on efficiency improvements, growth opportunities, and innovation in carbon capture projects. Share repurchase program and strategic capital allocation aim to enhance shareholder value and position the company for future success.

Occidental Petroleum reports record Q3 performance and advances sustainability initiatives

Occidental Petroleum (OXY) showcased robust operational and financial performance in Q3 2023, driven by strong oil and gas production and successful execution of strategic initiatives.
The company's focus on shareholder returns, innovation in DAC technology, and commitment to sustainability position OXY for long-term growth and value creation.
While facing challenges such as inflation impacts and technological advancements, OXY remains agile in capital allocation, resource optimization, and strategic partnerships to navigate industry dynamics.

Occidental Petroleum reports robust 2023 performance and eyes sustainable growth

Occidental Petroleum's strong financial performance in 2023, operational advancements, and strategic acquisitions position the company for growth. While facing challenges like project delays, the focus on EOR and low carbon ventures presents significant opportunities for sustainable development and increased profitability.

Occidental Petroleum exceeds Q3 expectations, focuses on growth and debt reduction

Occidental Petroleum's Q3 2024 earnings call showcased strong financial performance, operational achievements, and progress on strategic initiatives. With a focus on debt reduction, capital investments, and operational excellence, OXY is poised for sustainable growth and value creation. The company's ability to navigate challenges and capitalize on opportunities bodes well for its future prospects.

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Free cash flow

Occidental Petroleum Corp. engages in the exploration and production of oil and natural gas. It operates through the following segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops and produces oil and condensate, natural gas liquids, and natural gas. The Chemical segment manufactures and markets basic chemicals and vinyls. The Midstream and Marketing segment purchases, markets, gathers, processes, transports and stores oil, condensate, natural gas liquids, natural gas, carbon dioxide, and power. The company was founded in 1920 and is headquartered in Houston, TX.

Occidental Petroleum has managed to grow profitability at exceptional rates over the last five years. OXY's returns and operational performance have improved since the 2020 bottom.

Occidental Petroleum's Renaissance Continues

Buffett has one overriding concern that could prevent him from aggressively buying stocks in a new bull market. However, he probably won't stay on the sidelines entirely.

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Global Partners

Hess

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Cheniere Energy

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Plains All American Pipeline

Transocean

Tellurian

Targa Resources

Western Gas Partners

Energy Select Sector SPDR Fund

Exxon Mobil

The energy sector gained 6.3% in response to surging oil prices and improving oil-market fundamentals. Oilfield services was the best-performing energy sub-sector.

Energy Income Weekly: Improving Oil Market Fundamentals To Drive Energy Outperformance

VAALCO Energy

Evolution Petroleum

Marathon Oil

Petroleo Brasileiro

Sitio Royalties Corp

With crude oil prices zooming back above $80 per barrel, you may be wondering about the best oil and gas stocks to buy. A further rise in spot petroleum prices could spark a bigger rally in energy stocks, which have perked up after trending lower in early 2023.

The 7 Best Oil and Gas Stocks to Buy in April 2023

Chevron

The Organization of the Petroleum Exporting Countries (OPEC) set the oil market on fire by announcing a production cut of 1 million barrels per day beginning in May. Although many experts weren't surprised that a cut occurred, the size of the cut was unexpected.

3 Must-Have Oil Stocks to Buy After OPEC Production Cuts

Apple

Even a modest rise for Berkshire Hathaway's biggest holding, Apple, was enough to make Buffett a lot of money. Chevron and Occidental Petroleum benefited from a surprise oil production cut announced by Saudi Arabia.

These 3 Stocks Just Made Warren Buffett $2.9 Billion in 1 Day

Saudi Arabia is leading an unexpected global oil production reduction. The move could drive oil prices higher in the coming months, especially as demand rebounds.

These Warren Buffett Stocks Are Getting a Big Boost From an Unexpected Source

ConocoPhillips

Shell PLC

TotalEnergies SE

After catching some decent inflation data last week, the Federal Reserve probably could have had a better start to this week than receiving the news that OPEC in a very surprising move cut oil production by an additional 1.16 million barrels per day.

OPEC Stuns the World and Slashes Production: 7 ‘Strong Buy' Dividend Mega-Cap Energy Leaders to Buy Now

McDonald's

Marathon Petroleum

Valero Energy

If you were hoping the action might slow after the first quarter, forget it, because over the weekend OPEC+ made a major announcement about crude oil production rates

Week Ahead: Oil Rallies and McDonalds Falters

Devon Energy

OPEC+ just announced big production cuts in oil to begin in May. Oil supplies could be constrained through the end of this year, and oil prices are rocketing on the news.

Why Occidental Petroleum, Devon Energy, and Marathon Oil Stocks Popped Today

Halliburton

Oil stocks are on the rise  after the Organization of the Petroleum Exporting Countries (OPEC+) announced a surprise output cut of roughly 1.16 million barrels per day.

3 Oil Stocks Surging After Surprise Output Cut

Check out these three oil stocks in the stock market today.

Best Oil Stocks To Buy Now? 3 To Watch In April 2023

Coca-Cola

With the risk premium favoring other asset classes, stock investors simply have to be extra picky right now. These three Warren Buffett stocks are worth owning in any type of market.

3 Best Warren Buffett Stocks to Buy in April

Bank of America

U.S. Bancorp

Two great Buffett picks to buy this month are beaten-down bank stocks. Another is an oil stock the legendary investor has been buying hand over fist.

3 Warren Buffett Stocks That Are Screaming Buys in April

Recently, the price of WTI Crude oil sank as low as $66. Occidental Petroleum's stock slid to $58 as a result.

Occidental Petroleum: Oil Is Getting Interesting Again

Buffett's purchase was a valuable lesson for the market, as it revealed the untapped potential of a high-quality and high-margin O&G producer that had been punished lately. Occidental remains the best FCF generator among O&G majors with an expected free cash flow yield of 15% by FY2026.

Occidental Petroleum: Buffett's Purchase A Valuable Lesson

Warren Buffett disclosed more purchases of Occidental Petroleum this week. The increase takes Berkshire's ownership to 23.6%.

3 Reasons Warren Buffett Keeps Buying Occidental Petroleum

Berkshire Hathaway currently owns 23.1% of Occidental Petroleum. The conglomerate won regulatory approval to acquire up to 50% of Occidental.

Warren Buffett Could Buy More Than $14 Billion of This Stock

Warren Buffett and his investing lieutenants have put billions of dollars to work during the current bear market. The Oracle of Omaha's favorite stock to buy won't be found in Berkshire Hathaway's quarterly 13F filings.

This Is Warren Buffett's No. 1 Stock to Buy During a Bear Market

The oil and gas mainstay is clearly a current favorite of the celebrated financier. His Berkshire Hathaway increased its stake in Occidental.

Why Occidental Stock Was Pushed Higher by Warren Buffett Today

According to GuruFocus' guru portfolio data, a Premium feature based on 13F equity portfolio filings, gurus that followed Warren Buffett (Trades, Portfolio)'s Berkshire Hathaway Inc. ( BRK.A , Financial)( BRK.B , Financial) into Occidental Petroleum Corp. ( OXY , Financial) include Smead Value Fund (Trades, Portfolio), Ronald Muhlenkamp (Trades, Portfolio)'s Muhlenkamp & Co., Dodge & Cox, Prem Watsa (Trades, Portfolio)'s Fairfax Financial Holdings Ltd. ( TSX:FFH , Financial) and Stanley Druckenmiller (Trades, Portfolio)'s Duquesne Family Office.

5 Gurus That Have Built Positions in Buffett's Occidental

Occidental Petroleum Corporation (NYSE:OXY) shares rose nearly 4% to $61.76 on Tuesday after a regulatory filing showed that Warren Buffett's Berkshire Hathaway purchased an additional 3.7 million shares in Occidental, one of the largest oil producers in the US, between March 23 and March 27, 2023, valued at about $216 million. Berkshire also purchased 8 million shares of OXY stock between March 13 and March 16, as well as adding about 6 million shares earlier in the month.

Occidental Petroleum stock climbs as Warren Buffett ups holdings

Shares of Occidental Petroleum Corp. rallied Tuesday after the oil and gas exploration and production company got further support from Warren Buffett and from a Wall Street analyst.

Occidental Petroleum's stock rallies after Warren Buffett boosts stake by $216 million

There's no doubt about it: Berkshire Hathaway (NYSE: BRK-A , NYSE: BRK-B ) CEO Warren Buffett really likes Occidental Petroleum (NYSE: OXY ) stock. In fact, Berkshire recently added millions of shares to its position.

OXY Stock: Cowen Upgrades Occidental Petroleum as Buffett's Buying Spree Continues

Warren Buffett bolstered his stake in one of his favorite energy plays. The post Warren Buffett Adds To His Occidental Petroleum Stake As Energy Stock Receives Upgrade appeared first on Investor's Business Daily.

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

News for Occidental Petroleum Stock (OXY)