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
Website
CEO
Vicki Hollub
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
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
News

Occidental Petroleum Whale Trades For August 10
10 Aug 22
This Oil Stock Has A Better 1-Year Return Than Tesla, Ford, Nvidia, Microsoft, Amazon, Disney, Apple And Bitcoin
9 Aug 22
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
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
Thinking about trading options or stock in Unity Software, Occidental Petroleum, Microsoft, Alibaba, or Advanced Micro Devices?
9 Aug 22
Occidental Announces 2nd Quarter 2022 Results
2 Aug 22
Thinking about trading options or stock in Dollar Tree, Nvidia, Occidental Petroleum, Roku, or Royal Caribbean Cruises?
1 Aug 22
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
Current price
Average target
$79.11
Low target
$59.00
High target
$105.00
Wells Fargo
Maintains
$59.00
Barclays
Maintains
$79.00
Morgan Stanley
Maintains
$71.00
Truist Securities
Maintains
$105.00
B of A Securities
Maintains
$77.00
Mizuho
Maintains
$84.00
Piper Sandler
Maintains
$93.00
Goldman Sachs
Downgraded
$70.00
Evercore ISI Group
Downgraded
$74.00
Calendar
2 Aug 22
12 Aug 22
31 Dec 22
Financial summary
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 |
Recent insider trades
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 |
Institutional ownership, Q1 2022
87.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1004 |
Opened positions | 257 |
Closed positions | 109 |
Increased positions | 281 |
Reduced positions | 318 |
13F shares | Current |
---|---|
Total value | 45.14B |
Total shares | 815.94M |
Total puts | 31.53M |
Total calls | 52.79M |
Total put/call ratio | 0.6 |
Largest owners | Shares | Value |
---|---|---|
BRK.A Berkshire Hathaway | 136.37M | $7.74B |
Dodge & Cox | 115.55M | $6.24B |
Vanguard | 101.9M | $5.78B |
BLK Blackrock | 60.62M | $3.44B |
STT State Street | 58.12M | $3.31B |
GQG Partners | 26.67M | $1.51B |
Geode Capital Management | 17.38M | $983.49M |
Icahn Carl C Et Al | 15.06M | $530.65M |
Dimensional Fund Advisors | 11.67M | $662.23M |
NTRS Northern Trust | 10.28M | $583.22M |
Financial report summary
?Competition
Tallgrass EnergyManagement 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
Financial reports
Current reports
8-K
Occidental Announces 2nd Quarter 2022 Results
2 Aug 22
8-K
Occidental Announces Cash Tender Offers for Certain of its Senior Notes
16 May 22
8-K
Submission of Matters to a Vote of Security Holders
11 May 22
8-K
Occidental Announces 1st Quarter 2022 Results
9 May 22
8-K
Vicky A. Bailey Elected to Occidental Board of Directors
23 Mar 22
8-K
Departure of Directors or Certain Officers
7 Mar 22
8-K
Occidental Announces Cash Tender Offers for Certain of its Senior Notes
28 Feb 22
8-K
Occidental Announces 4th Quarter 2021 Results
24 Feb 22
8-K
Entry into a Material Definitive Agreement
13 Dec 21
8-K
Occidental Announces Cash Tender Offers
2 Dec 21
Registration and prospectus
S-3ASR
Automatic shelf registration
29 Jul 22
424B5
Prospectus supplement for primary offering
10 Dec 20
FWP
Free writing prospectus
8 Dec 20
424B5
Prospectus supplement for primary offering
7 Dec 20
424B5
Prospectus supplement for primary offering
14 Aug 20
FWP
Free writing prospectus
12 Aug 20
424B5
Prospectus supplement for primary offering
12 Aug 20
424B2
Prospectus for primary offering
3 Aug 20
424B2
Prospectus for primary offering
3 Aug 20
8-A12B
Registration of securities on exchange
27 Jul 20
Proxies
PX14A6G
Letter to shareholders
3 May 22
DEFA14A
Additional proxy soliciting materials
28 Apr 22
PX14A6G
Letter to shareholders
20 Apr 22
PX14A6G
Letter to shareholders
18 Apr 22
DEFA14A
Additional proxy soliciting materials
7 Apr 22
DEFA14A
Additional proxy soliciting materials
25 Mar 22
DEF 14A
Definitive proxy
25 Mar 22
PX14A6G
Letter to shareholders
30 Apr 21
PX14A6G
Letter to shareholders
12 Apr 21
DEFA14A
Additional proxy soliciting materials
26 Mar 21
Other
CERT
Certification of approval for exchange listing
28 Jul 20
UPLOAD
Letter from SEC
23 Jul 20
CORRESP
Correspondence with SEC
30 Jun 20
UPLOAD
Letter from SEC
17 Jun 20
CERT
Certification of approval for exchange listing
25 Mar 20
UPLOAD
Letter from SEC
11 Nov 19
EFFECT
Notice of effectiveness
16 Aug 19
CORRESP
Correspondence with SEC
12 Aug 19
UPLOAD
Letter from SEC
8 Aug 19
EFFECT
Notice of effectiveness
12 Jul 19
Ownership
4
OCCIDENTAL PETROLEUM / WARREN E BUFFETT ownership change
8 Aug 22
4
Western Midstream Partners / PETROLEUM CORP /DE/ OCCIDENTAL ownership change
25 Jul 22
4
Western Midstream Partners / PETROLEUM CORP /DE/ OCCIDENTAL ownership change
25 Jul 22
SC 13D/A
Western Midstream Partners / OCCIDENTAL PETROLEUM ownership change
25 Jul 22
4/A
OCCIDENTAL PETROLEUM / WARREN E BUFFETT ownership change
19 Jul 22
4
OCCIDENTAL PETROLEUM / WARREN E BUFFETT ownership change
18 Jul 22
4
OCCIDENTAL PETROLEUM / WARREN E BUFFETT ownership change
13 Jul 22
4
OCCIDENTAL PETROLEUM / WARREN E BUFFETT ownership change
7 Jul 22
4
OCCIDENTAL PETROLEUM / WARREN E BUFFETT ownership change
1 Jul 22
11-K
Annual report of employee stock purchases
28 Jun 22
Patents
Utility
Methods Involving Cements That Employ Carbon Dioxide As a Reactant
16 Jun 22
A method of cementing an annular space between a pipe string and a well bore, the method comprising the steps of (a) providing a cement composition including a calcium-deficient calcium silicate; (b) mixing the cement composition with water to form a cement slurry; (c) mixing the cement slurry composition with carbon dioxide form a foamed cement; and (d) placing the foamed cement in the annular space between the pipe string and the wellbore.
Utility
Photochlorination of Partially-chlorinated Chloromethanes to Carbon Tetrachloride
21 Apr 22
A method of producing carbon tetrachloride includes providing a chloromethanes stream, combining the chloromethanes stream with chlorine and additional carbon tetrachloride to form a reaction mixture, wherein the reaction mixture includes at least stoichiometric levels of chlorine, introducing electromagnetic radiation to the reaction mixture and subjecting the reaction mixture to suitable reaction conditions to form product carbon tetrachloride, and collecting a product stream including the product carbon tetrachloride.
Utility
Method for Making 1,1,3,3-TETRACHLOROPROPENE
16 Dec 21
A process for the manufacture of 1,1,3,3-tetrachloropropene, the process comprising dehydrochlorinating 1,1,1,3,3-pentachloropropane, where said step of dehydrochlorinating 1,1,1,3,3-pentachloropropane takes place in the presence of an oxidizing agent and in the presence of a Lewis acid, and where the oxidizing agent is chlorine and the Lewis acid is ferric chloride.
Utility
Process for the Production of Chlorinated Hydrocarbons
18 Nov 21
A process of the type for producing 1,1,1,2,3-pentachloropropane by introducing 1,1,1,3-tetrachloropropane, chlorine, and Lewis acid catalyst, optionally in the presence of carbon tetrachloride, the improvement comprising introducing the Lewis acid as a slurry within a chlorinated hydrocarbon.
Utility
Method for making 1,1,3,3-tetrachloropropene
31 Aug 21
A process for the manufacture of 1,1,3,3-tetrachloropropene, the process comprising dehydrochlorinating 1,1,1,3,3-pentachloropropane.
Transcripts
2022 Q2
Earnings call transcript
3 Aug 22
2022 Q1
Earnings call transcript
11 May 22
2021 Q4
Earnings call transcript
25 Feb 22
2021 Q3
Earnings call transcript
5 Nov 21
2021 Q2
Earnings call transcript
4 Aug 21
2021 Q1
Earnings call transcript
11 May 21
2020 Q4
Earnings call transcript
23 Feb 21
2020 Q3
Earnings call transcript
10 Nov 20
2020 Q2
Earnings call transcript
11 Aug 20
2020 Q1
Earnings call transcript
6 May 20
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10 Aug 22
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10 Aug 22
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9 Aug 22
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