Crude oil prices tumbled on Monday after U.S. President Donald Trump announced that negotiations with Iran would begin later in the day, saying there’s a deal to reopen the Strait of Hormuz and that talks on the denuclearization of Iran would follow.The remarks eased fears of prolonged supply disru…
HOUSTON, July 31, 2026 (GLOBE NEWSWIRE) -- Occidental NYSE:OXY announced today that Brad Pollack has been appointed Senior Vice President and General Counsel, effective August 1, 2026, overseeing the company’s global legal department. Pollack will succeed Sylvia Kerrigan as part of a planned transi…
What Happened? A number of stocks jumped in the afternoon session after renewed fighting across the Middle East, and a larger-than-expected drop in U.S. crude stockpiles reinforced concerns over oil supply.Crude oil futures jumped more than 6%—snapping a three-day losing streak—as renewed fighting…
Shares of major oil companies and exchange-traded funds (ETFs) climbed higher in the premarket session on Wednesday after Brent and WTI crude prices surged amid the ongoing conflict between the U.S. and Iran.Brent crude futures expiring in September rose more than 3.5% higher to $94.25 per barrel a…
Occidental Petroleum (NYSE:OXY) reported Q2 2026 metrics—diluted shares 1,012.2M, oil realized $96.78/bbl, NGLs $24.64/bbl, total gas -$0.80/Mcf and a $156M crude collar hit—while filing an 8‑K with earnings considerations as Evercore lifts its $65 target on stronger cash flow and lower debt.Previo…
Occidental Petroleum said its second-quarter 2026 earnings considerations show average diluted shares outstanding of 1,012.2 million and that crude oil collar settlements negatively impacted operating cash flow before working capital by $156 million. The company reported average realized worldwide…
Occidental Petroleum NYSE:OXY rose 3.43% in premarket after Evercore upgraded the company to Outperform from Underperform, and raised its price target to $65 from $58. The firm cited a de-levered balance sheet and improved capital efficiency as reasons the stock can now better track commodity funda…
HOUSTON, July 01, 2026 (GLOBE NEWSWIRE) -- Occidental NYSE:OXY will announce its second quarter 2026 financial results after close of market on Wednesday, August 5, 2026, and will hold a conference call to discuss the results on Thursday, August 6, 2026, at 1 p.m. Eastern/12 p.m. Central.The confer…
(17:44 GMT) Occidental Petroleum Price Target Cut to $68.00/Share From $74.00 by Morgan Stanley
The companies belonging to the Zacks Oil & Energy sector remain an attractive long-term investment opportunity, driven by abundant shale resources, improved offshore extraction technologies and resilient global energy demand. Technological advances, including hydraulic fracturing and horizontal dri…
By Sheila DangIn not quite a month as Occidental Petroleum's NYSE:OXY CEO, Richard Jackson has already been challenged with looking for ways to lift a lagging stock price and pay down more debt.Longer term, Jackson may face a more fundamental question: whether to seek a buyer for the oil company th…
