Occidental Petroleum Corporation (OXY) garners substantial
institutional ownership, with shares dominated up to 54% by institutional owners. The firm witnesses substantial interest from investors based on their
solid fundamentals, attractive financial structures, and steady returns. Their strategic corporate moves such as considering the sale of its
Western Midstream asset worth $20bn and the acquisition of the billionaire Tim Dunn's
CrownRock for $12B, have drawn interest. Its
Permian Basin focus, from which it plans a flat 2024 production, has also reaped benefits. Q1 2024 earnings reviews highlight
robust cash flow and earnings, seemingly aligning with analyst projections. The company has seen
positive market performance, sometimes outpacing competitors despite broader market dips. However,
stock underperformance on particular days and potential risks associated with their debt portfolio have been noted.
Warren Buffet recently increased his stake in OXY, indicating significant approval.
Occidental Petroleum Corporation OXY News Analytics from Tue, 07 Nov 2023 08:00:00 GMT to Sat, 01 Jun 2024 21:19:29 GMT -
Rating 6
- Innovation 2
- Rumor -3