Occidental Petroleum Corporation (OXY) has been the center of investors' attention, demonstrating strong performance in trading days and attracting large-scale acquisitions from numerous entities such as Brookstone Capital Management and Ballentine Partners LLC. However, it has also seen cuts from firms like Wellington Management Group LLP and Park Avenue Securities LLC. An interesting highlight is Warren Buffet's continuous and strategic acquisition of OXY stock. The company is noted to be trending and outpacing oil-energy peers but has experienced some minor price dips. Investment in OXY three years ago would have gained a significant 113% returns. Moreover, robust financials are reportedly driving the recent rally of their stocks. Q1 earnings for 2024 were on high note; however, the company still had a lower than expected performance on certain days compared with competitors. Analysts have become more bearish on the corporation altering earnings' estimates while scepticism clouds OXY's net-zero strategy, terming it as a 'license to pollute'. The company though maintains a healthy balance sheet and is reviewing the possible sale of the Western Midstream for a reported $20billion.
Occidental Petroleum Corporation OXY News Analytics from Thu, 21 Dec 2023 08:00:00 GMT to Sun, 30 Jun 2024 14:25:43 GMT -
Rating 7
- Innovation -2
- Rumor -3
