Occidental Petroleum (OXY)

Occidental is an international energy company with assets in the United States, Middle East, Africa and Latin America. It is one of the largest oil producers in the U.S., including a leading producer in the Permian and DJ basins, and offshore Gulf of Mexico. Its midstream and marketing segment provides flow assurance and maximizes the value of our oil and gas. Its chemical subsidiary OxyChem manufactures the building blocks for life-enhancing products. Its Oxy Low Carbon Ventures subsidiary is advancing leading-edge technologies and business solutions that economically grow its business while reducing emissions. It is committed to using its global leadership in carbon management to advance a lower-carbon world.

Company profile

Ticker

OXY, OXY-WT

Exchange

NYSE

Website

www.oxy.com

CEO

Vicki Hollub

Incorporated

Delaware

Location

Texas

Fiscal year end

Dec 31

Sector

Mining, Quarrying, and Oil and Gas Extraction > Crude Petroleum and Natural Gas Extraction

Industry (SIC)

Crude Petroleum & Natural Gas

Petroleo Brasileiro S.A. Petrobras • Anadarko Petroleum • Apache • Chesapeake Energy • Devon Energy • Marathon Oil • EOG Resources • Pressburg • Ovintiv • Murphy Oil ...

SEC CIK

0000797468

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

1PointFive P1, LLC • 1PointFive P2, LLC • 1PointFive, Inc. • 4374607 Nova Scotia Company • Administradora General Delta Centro, S.A. • Amarok Gathering, LLC • Anadarko 20-25 Company • Anadarko 20-36 Company • Anadarko 20-47 Company • Anadarko 20-48 Company ...

IRS number

954035997

OXY stock data

1M 1Y 5Y

News

From Benzinga Pro

Occidental Petroleum Whale Trades For August 10

10 Aug 22

Someone with a lot of money to spend has taken a bullish stance on Occidental Petroleum (NYSE:OXY). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

This Oil Stock Has A Better 1-Year Return Than Tesla, Ford, Nvidia, Microsoft, Amazon, Disney, Apple And Bitcoin

9 Aug 22

Occidental Petroleum Corporation (NYSE: OXY) is among the world’s most prolific oil exploration and production companies, and over the past year, recent traders and investors in the firm have been rewarded handsomely.

Benzinga Before The Bell: Tesla's China Sales Plunge, Snap Rolls Out Parental Control Features, White House Unaware of Raid On Trump's Mar-a-Lago And Other Top Financial Stories Tuesday, August 9

9 Aug 22

CNBC

Berkshire Hathaway Now Owns 20% Stake In This Oil & Gas Conglomerate

9 Aug 22

Over $390 Million Bet On Occidental Petroleum? 4 Stocks Insiders Are Buying

9 Aug 22

Press releases

From Benzinga Pro

Thinking about trading options or stock in Unity Software, Occidental Petroleum, Microsoft, Alibaba, or Advanced Micro Devices?

9 Aug 22

NEW YORK, Aug. 9, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for U, OXY, MSFT, BABA, and AMD.

Occidental Announces 2nd Quarter 2022 Results

2 Aug 22

HOUSTON, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Occidental (NYSE:OXY) today announced its second quarter 2022 financial results. The announcement and financial schedules can be accessed via the Investor Relations section of

Thinking about trading options or stock in Dollar Tree, Nvidia, Occidental Petroleum, Roku, or Royal Caribbean Cruises?

1 Aug 22

NEW YORK, Aug. 1, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for DLTR, NVDA, OXY, ROKU, and RCL.

Occidental to Announce Second Quarter Results Tuesday, August 2, 2022; Hold Conference Call Wednesday, August 3, 2022

7 Jul 22

Thinking about trading options or stock in Occidental Petroleum, Procter & Gamble, Xcel Energy, Snowflake, or Freeport-McMoRan?

5 Jul 22

Analyst ratings and price targets

Last 3 months

Average target

$79.11

Low target

$59.00

High target

$105.00

Calendar

2 Aug 22

12 Aug 22

31 Dec 22

Financial summary

Financial statements Chart OXY financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B
Cash burn (monthly)	183.33M	280.42M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	263.07M	402.38M	n/a	n/a	n/a	n/a
Cash remaining	1.14B	998.62M	n/a	n/a	n/a	n/a
Runway (months of cash)	6.2	3.6	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

OXY insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
8 Aug 22	Berkshire Hathaway	Common Stock	Buy	Acquire P	Yes	No	60.0162	385,469	23.13M	188,366,460
8 Aug 22	Berkshire Hathaway	Common Stock	Buy	Acquire P	Yes	No	58.8123	152,551	8.97M	187,980,991
5 Aug 22	Berkshire Hathaway	Common Stock	Buy	Acquire P	Yes	No	59.0869	1,116,751	65.99M	187,828,440
5 Aug 22	Berkshire Hathaway	Common Stock	Buy	Acquire P	Yes	No	58.5066	436,862	25.56M	186,711,689
5 Aug 22	Berkshire Hathaway	Common Stock	Buy	Acquire P	Yes	No	57.326	114,661	6.57M	186,274,827
4 Aug 22	Berkshire Hathaway	Common Stock	Buy	Acquire P	Yes	No	58.6078	2,243,809	131.5M	186,160,166
4 Aug 22	Berkshire Hathaway	Common Stock	Buy	Acquire P	Yes	No	57.8028	2,231,566	128.99M	183,916,357
21 Jul 22	Occidental Petroleum	COMMON UNITS (LIMITED PARTNER INTERESTS)	Sell	Dispose S	Yes	No	25.25	10,000,000	252.5M	190,281,578
21 Jul 22	Occidental Petroleum	COMMON UNITS (LIMITED PARTNER INTERESTS)	Sell	Dispose S	Yes	No	25.25	10,000,000	252.5M	190,281,578
18 Jul 22	Berkshire Hathaway	Common Stock	Buy	Acquire P	Yes	No	59.6733	242,241	14.46M	181,684,791

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

OXY institutional ownership history Ownership history

87.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1004	856	+17.3%
Opened positions	257	187	+37.4%
Closed positions	109	92	+18.5%
Increased positions	281	347	-19.0%
Reduced positions	318	219	+45.2%

13F shares	Current	Prev Q	Change
Total value	45.14B	20.98B	+115.2%
Total shares	815.94M	751.47M	+8.6%
Total puts	31.53M	26.66M	+18.3%
Total calls	52.79M	38.97M	+35.5%
Total put/call ratio	0.6	0.7	-12.7%

Largest owners	Shares	Value	Change
BRK.A Berkshire Hathaway	136.37M	$7.74B	NEW
Dodge & Cox	115.55M	$6.24B	-9.5%
Vanguard	101.9M	$5.78B	+2.4%
BLK Blackrock	60.62M	$3.44B	+1.7%
STT State Street	58.12M	$3.31B	+0.2%
GQG Partners	26.67M	$1.51B	+16.1%
Geode Capital Management	17.38M	$983.49M	+2.5%
Icahn Carl C Et Al	15.06M	$530.65M	-74.9%
Dimensional Fund Advisors	11.67M	$662.23M	+4.6%
NTRS Northern Trust	10.28M	$583.22M	-1.8%

Largest transactions	Shares	Bought/sold	Change
BRK.A Berkshire Hathaway	136.37M	+136.37M	NEW
Icahn Carl C Et Al	15.06M	-44.94M	-74.9%
JB Investments Management	2.71M	-19.68M	-87.9%
Dodge & Cox	115.55M	-12.07M	-9.5%
MFN Partners Management	5.69M	-10.93M	-65.8%
Two Sigma Advisers	6.92M	+6.48M	+1446.8%
FMR	8.38M	+5.45M	+186.7%
Jane Street	6.11M	+4.67M	+325.5%
JPM JPMorgan Chase & Co.	1.78M	-4.48M	-71.6%
Two Sigma Investments	4.82M	+4.38M	+997.5%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Tallgrass Energy

Management Discussion

(a) Intersegment sales eliminate upon consolidation and are generally made at prices approximating those that the selling entity would be able to obtain in third-party transactions.
(b) Refer to the Items Affecting Comparability table which sets forth items affecting Occidental's earnings that vary widely and unpredictably in nature, timing and amount.
Net sales increased for the three months ended June 30, 2022, compared to the immediately preceding quarter, primarily due to higher crude oil, NGL and natural gas prices and higher crude oil and NGL sales volumes in the oil and gas segment as well as higher realized prices and improved demand across most chemical product lines.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

New words: arrangement, automotive, buyback, chain, construction, correlate, declared, detailed, discipline, Dolphin, downhole, durable, extinguishment, feedstock, housing, incentive, injectant, maximum, online, OPC, reinvestment, responded, sequential, Sonatrach, term, treasury, utilize

Removed: approach, bbl, coupled, Discovery, expire, fourth, impairment, implemented, longer, oxy, plant, remain, system, undeveloped

From filing 10-Q 2022 Q2

Financial reports

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