External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

Equity Bottom-Up

<ul><li>Occidental Petroleum is a quality oil and gas operator focusing on the Permian Basin, available at a discounted price for investors</li><li>The company has undergone strategic changes, selling off non-core operations and refocusing on core assets in the Permian Basin</li><li>Occidental Petroleum has improved management and technological advancements in the Permian Basin, leading to a projected value of $100 per share by 2026</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.</em></p>

Occidental Petroleum is a quality oil and gas operator focusing on the Permian Basin, available at a discounted price for investorsThe company has undergone strategic changes, selling off non-core operations and refocusing on core assets in the Permian BasinOccidental Petroleum has improved management and technological advancements in the Permian Basin, leading to a projected value of $100 per share by 2026This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Occidental Petroleum Corp (OXY) - Friday, Mar 29, 2024

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>In the first quarter 2024 earnings, Occidental (OXY) management displayed confidence in their operational execution and diversified asset portfolio.</li><li>OXY reported a strong start to 2024, overcoming a challenging third party outage in the Eastern Gulf of Mexico and exceeding the midpoint of their production guidance.</li><li>The revenue was driven primarily by robust production results in their oil and gas business and outperformance in their Midstream and OxyChem businesses.</li></ul>

In the first quarter 2024 earnings, Occidental (OXY) management displayed confidence in their operational execution and diversified asset portfolio.OXY reported a strong start to 2024, overcoming a challenging third party outage in the Eastern Gulf of Mexico and exceeding the midpoint of their production guidance.The revenue was driven primarily by robust production results in their oil and gas business and outperformance in their Midstream and OxyChem businesses.

Occidental Petroleum Corporation: Battleground Plant Expansion & Other Major Drivers

<ul><li>Occidental Petroleum's Q4 2023 has displayed a robust performance in recent quarters, achieving a strong free cash flow of $5.5 billion.</li><li>Significantly, this has facilitated the company in paying dividends, repurchasing common shares, and investing back into the business.</li><li>The primary driver of this achievement is accredited to technical expertise, leading-edge technologies, and innovation, showcasing the company’s operational strength.</li></ul>

Occidental Petroleum's Q4 2023 has displayed a robust performance in recent quarters, achieving a strong free cash flow of $5.5 billion.Significantly, this has facilitated the company in paying dividends, repurchasing common shares, and investing back into the business.The primary driver of this achievement is accredited to technical expertise, leading-edge technologies, and innovation, showcasing the company’s operational strength.

Occidental Petroleum Corporation: Enhanced Oil Recovery (EOR) and Growth Strategy In 2024! - Major Drivers

<ul><li>Occidental Petroleum Corporation managed to exceed analyst expectations regarding revenue as well as earnings, surpassing oil and gas production guidance by 34,000 BOE per day.</li><li>This success prompted an 11,000 BOE per day increase in the full-year production forecast.</li><li>The company further entered into a purchase agreement to acquire CrownRock L.P., an oil and gas producer based in Midland.</li></ul>

Occidental Petroleum Corporation managed to exceed analyst expectations regarding revenue as well as earnings, surpassing oil and gas production guidance by 34,000 BOE per day.This success prompted an 11,000 BOE per day increase in the full-year production forecast.The company further entered into a purchase agreement to acquire CrownRock L.P., an oil and gas producer based in Midland.

Occidental Petroleum Corporation: Midstream Business Exceeds Expectations – What's Behind the Success? - Major Drivers

<ul><li>Occidental Petroleum delivered a disappointing set of results as the company could not meet Wall Street's revenue and earnings expectations.</li><li>The company's adjusted profit of $0.68 per diluted share slightly exceeded the reported profit of $0.63.</li><li>Despite planned maintenance activities across their oil and gas businesses, the company generated over $1 billion of free cash flow for working capital.</li></ul>

Occidental Petroleum delivered a disappointing set of results as the company could not meet Wall Street's revenue and earnings expectations.The company's adjusted profit of $0.68 per diluted share slightly exceeded the reported profit of $0.63.Despite planned maintenance activities across their oil and gas businesses, the company generated over $1 billion of free cash flow for working capital.

Occidental Petroleum: Tackling Challenges with Bold Operational Improvements! - Major Drivers

United States

Phillips 66 is a downstream energy company.  The Company's operations include oil refining, marketing and transportation.  Phillips 66's operations also include chemical manufacturing and power generation.

Marathon Petroleum Corporation refines, transports, and markets petroleum products. The Company sells its products to resellers and consumers in the mid-west, gulf coast, and southeast United States.

Pioneer Natural Resources Company is an independent oil and gas exploration and production company. The Company engages in onshore oil and gas drilling, exploration and production in the United States.

Diamondback Energy Inc is an independent oil and natural gas company currently focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas.

EOG Resources, Inc. explores for, develops, produces and markets natural gas and crude oil. The Company operates in major producing basins in the United States, Canada, Trinidad, the United Kingdom North Sea, China and, from time to time, select other international areas.

Valero Energy Corporation is an independent petroleum refining and marketing company that owns and operates refineries in the United States, Canada, and Aruba.  The Company produces conventional gasolines, distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products as well as diesel fuel, low-sulfur and ultra-low-sulfur diesel fuel, and oxygenates.

Hess Corporation is a global independent energy company engaged in the exploration and production of crude oil and natural gas.

Kinder Morgan, Inc. of Delaware operates as a pipeline transportation and energy storage company. The Company owns and operates pipelines that transport natural gas, gasoline, crude oil, carbon dioxide, and other products, as well as terminals that store petroleum products and chemicals and handle bulk materials like coal and petroleum coke.

Cheniere Energy, Inc. is an energy company focused on LNG-related businesses. The Company owns and operates liquefied natural gas (LNG) receiving terminals and liquefied natural gas (LNG) pipelines. Cheniere Energy manages and operates projects in Louisiana and Texas.

Targa Resources Corp. owns general and limited partner interests in a limited partnership that provides midstream natural gas and natural gas liquid services.  The partnership gathers, compresses, treats, processes, and sells natural gas.  The Company also stores, fractionates, treats, transports, and sells natural gas liquids and related products.

China Petroleum & Chemical Corporation produces and trades petroleum and petrochemical products. The Company offers gasoline, diesel, jet fuel, kerosene, ethylene, synthetic fibers, synthetic rubber, synthetic resins, and chemical fertilizers. China Petroleum & Chemical markets its products throughout China.

Oil and Natural Gas Corporation Limited specializes in the exploration and production of crude oil and gas. The Company has joint ventures in oil fields in Vietnam, Norway, Egypt, Tunisia, Iran and Australia. The Group's other activities include deep sea explorations on the east and west coasts of India, and the exploration of coal bed methane.

Bayan Resources Tbk PT is a coal producer.  The Company extracts thermal c oal from surface open cut mines.

Coal India Limited produces and markets coal and coal products, as well as provides related consulting services.

Shaanxi Coal Industry Company Limited produces, sells and transports coal. The Company offers coal used by the power, chemical, and metallurgical industries.

Equinor ASA operates as an energy company. The Company develops oil, gas, wind, and solar energy projects, as well as focuses on offshore operations and exploration services. Equinor serves customers worldwide.

Eni SpA explores for and produces hydrocarbons in Italy, Africa, the North Sea, the Gulf of Mexico, Kazakhstan, and Australia. The Company both produces natural gas and imports it for sale in Italy and elsewhere in Europe. Eni transports natural gas in pipelines. The Company generates and trades electricity, refines oil, and operates gasoline service stations.

Petroleo Brasileiro S.A. - Petrobras explores for and produces oil and natural gas.  The Company refines, markets, and supplies oil products.  Petrobras operates oil tankers, distribution pipelines, marine, river and lake terminals, thermal power plants, fertilizer plants, and petrochemical units.  The Company operates in South America and elsewhere around the world.

TC Energy Corporation operates as an energy infrastructure company. The Company develops, constructs, and manages, oil and liquids, natural gas, and energy infrastructure projects. TC Energy serves customers in North America.

NovaTek PJSC produces and distributes natural gas. The Company explores, processes, transports, and markets natural gas and liquid hydrocarbons. NovaTek offers hydrocarbon reserves development, geological exploration, and gas condensate processing services.

Occidental Petroleum Corporation explores for, develops, produces, and markets crude oil and natural gas.  The Company also manufactures and markets a variety of basic chemicals, vinyls and performance chemicals. Occidental also gathers, treats, processes, transports, stores, trades and markets crude oil, natural gas, NGLs, condensate and carbon dioxide (CO2) and generates and markets power.

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Occidental Petroleum (OXY US)

Occidental Petroleum Corp (OXY) - Friday, Mar 29, 2024

Occidental Petroleum is a quality oil and gas operator focusing on the Permian Basin, available at a discounted price for investors

Value Investors Club

Occidental Petroleum Corporation: Battleground Plant Expansion & Other Major Drivers

In the first quarter 2024 earnings, Occidental (OXY) management displayed confidence in their operational execution and diversified asset...

Baptista Research

Occidental Petroleum Corporation: Enhanced Oil Recovery (EOR) and Growth Strategy In 2024! - Major Drivers

Occidental Petroleum's Q4 2023 has displayed a robust performance in recent quarters, achieving a strong free cash flow of $5.5...

Baptista Research

Occidental Petroleum Corporation: Midstream Business Exceeds Expectations – What's Behind the Success? - Major Drivers

Occidental Petroleum Corporation managed to exceed analyst expectations regarding revenue as well as earnings, surpassing oil and gas production...

Baptista Research

Occidental Petroleum: Tackling Challenges with Bold Operational Improvements! - Major Drivers

Occidental Petroleum delivered a disappointing set of results as the company could not meet Wall Street's revenue and earnings expectations. The...

Baptista Research

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