Occidental Petroleum Corporation News
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, North Africa, and Latin America. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. Its Chemical segment manufactures and markets basic chemicals, including chlorine, caustic soda, chlorinated organics, potassium chemicals, ethylene dichloride, chlorinated isocyanurates, sodium silicates, and calcium chloride; and vinyls comprising vinyl chloride monomer, polyvinyl chloride, and ethylene. The Midstream and Marketing segment gathers, processes, transports, stores, purchases, and markets oil, condensate, NGLs, natural gas, carbon dioxide, and power. This segment also trades around its assets consisting of transportation and storage capacity; and invests in entities. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas.
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11d
OXY Rally: Oil Surge, $13.9B Debt Cut Strengthens!
- Occidental (OXY) jumped on a sharp oil-price rally tied to Middle East supply risk and reported stronger Q4 2025 results plus roughly $13.9 billion of debt reduction. These concrete developments—higher crude prices, improved earnings from the Permian, and sustained institutional buying—are the main drivers behind recent upside in the stock.
25d
Occidental: OxyChem Sale, Q4 Beat, Shares Rise Now
Occidental Petroleum’s recent quarter and the completion of the OxyChem divestiture delivered concrete financial improvements: stronger-than-expected Q4 results, a meaningful reduction in debt to about $15 billion, raised dividend, and CapEx discipline. These developments pushed OXY to a 52-week high and improved investor confidence, while leaving valuation and cyclicality as watchpoints.
17 Feb at 14:28
OXY Rally Driven by Oil Spike, Permian CapEx Plans
Occidental (OXY) saw a near-term rally tied to a sharp oil-price uptick and reinforced operational spending in the Permian. Analysts lifted price targets but kept neutral ratings, signaling a commodity-driven move rather than a fundamental re-rating. Key items: $7.0–7.2B 2025 CapEx, heavy Permian allocation, and robust well-count plans.
10 Feb at 14:28
Occidental Rally: OxyChem Sale, Oil Price Surge Q1
Occidental Petroleum’s stock moved sharply after a $9.7B OxyChem divestiture, aggressive debt-reduction plans and a powerful January oil-price rebound. Operational changes in the Delaware Basin and a modest institutional buy signal further investor focus on balance-sheet repair amid near-term commodity sensitivity.