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, 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; 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.
Occidental Petroleum (OXY) navigates debt, warrant offers, and Buffett's influence amid oil price volatility. A comprehensive analysis of OXY's strategic path forward.
Occidental Petroleum (OXY) showcases strong Q4 2024 results driven by Permian Basin operations, debt reduction, and carbon capture initiatives. Warren Buffett's backing signals confidence.
Occidental Petroleum (OXY) balances traditional oil with carbon capture. Q4 2024 earnings beat estimates, driven by Permian Basin production. Debt reduction is a key priority.
Occidental Petroleum (OXY) navigates debt, carbon capture, and market shifts, fueled by Buffett's bet and strategic Permian moves. Key is debt reduction.
Occidental Petroleum’s Q4 earnings beat expectations with robust Permian production, strategic debt reduction, and renewed ESG initiatives driving its outlook.
Occidental Petroleum's Q4 earnings beat estimates, driven by strong Permian production and Warren Buffett's continued confidence. Revenue dips year-over-year amid market volatility.
Occidental Petroleum reports Q4 2024 results, achieves key debt milestones, and sees Buffett increase his stake, impacting market sentiment.