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.

Equity Bottom-Up

<ul><li>Occidental Petroleum Corporation delivered a disappointing set of results as the company was unable to meet the revenue expectations as well as the earnings expectations of Wall Street.</li><li>However, their disciplined approach to capital spending and operational excellence has led to some progress in their shareholder return framework.</li><li>We give Occidental Petroleum Corporation a 'Hold' rating with a revised target price.</li></ul>

Occidental Petroleum Corporation delivered a disappointing set of results as the company was unable to meet the revenue expectations as well as the earnings expectations of Wall Street.However, their disciplined approach to capital spending and operational excellence has led to some progress in their shareholder return framework.We give Occidental Petroleum Corporation a 'Hold' rating with a revised target price.

Occidental Petroleum Corporation: Notable Progress On The Carbon Capture Front & Other Developments

<ul><li>Occidental Petroleum had a weak financial performance in the last quarter and failed to meet Wall Street expectations with respect to revenues as well as earnings.</li><li>Storm effects in the Permian and Rockies were largely countered by superior performance in the Gulf of Mexico and the Al Hosn.</li><li>While Midstream and marketing earnings were within projections, OxyChem's performance exceeded expectations due to stronger-than-anticipated market dynamics.</li></ul>

Occidental Petroleum had a weak financial performance in the last quarter and failed to meet Wall Street expectations with respect to revenues as well as earnings.Storm effects in the Permian and Rockies were largely countered by superior performance in the Gulf of Mexico and the Al Hosn.While Midstream and marketing earnings were within projections, OxyChem's performance exceeded expectations due to stronger-than-anticipated market dynamics.

Occidental Petroleum Corporation: Major Drivers

<ul><li>Occidental delivered a decent quarter with revenues above market expectations but missed out on the earnings expectations of analysts.</li><li>OxyChem delivered robust, strong earnings while its Permian, Rockies, International, and Gulf of Mexico teams have delivered a good operational performance.</li><li>In the Delaware Basin, Occidental delivered a good quarter-to-date results, demonstrating its high quality of subsurface and inventory expertise.</li></ul>

Occidental delivered a decent quarter with revenues above market expectations but missed out on the earnings expectations of analysts.OxyChem delivered robust, strong earnings while its Permian, Rockies, International, and Gulf of Mexico teams have delivered a good operational performance.In the Delaware Basin, Occidental delivered a good quarter-to-date results, demonstrating its high quality of subsurface and inventory expertise.

Occidental Petroleum: Collaboration With Western Midstream Partners & Other Drivers

Credit

<ul><li>Occidental Energy had become a buzzing stock after Warren Buffett’s Berkshire Hathaway boosted its stake in the energy major.</li><li>It started to repurchase shares this quarter, thus advancing its framework of shareholder return as a part of the commitment for the company to return cash to the shareholders.</li><li>We provide the stock of Occidental with a ‘Hold’ rating and a revision in the target price.</li></ul>

Occidental Energy had become a buzzing stock after Warren Buffett’s Berkshire Hathaway boosted its stake in the energy major.It started to repurchase shares this quarter, thus advancing its framework of shareholder return as a part of the commitment for the company to return cash to the shareholders.We provide the stock of Occidental with a ‘Hold’ rating and a revision in the target price.

Occidental Petroleum: Direct Air Capture Plant & Other Drivers

<ul><li>Occidental Petroleum is a renowned oil major known for the acquisition, exploration, and development of oil and gas properties across the world.</li><li>Occidental Petroleum has reported a high degree of free cash flow and has had a consistent trajectory of debt repayments.</li><li>The management is also planning to work hard on its water-recycling partnership with the development of additional locations and similar systems this year.</li></ul>

Occidental Petroleum is a renowned oil major known for the acquisition, exploration, and development of oil and gas properties across the world.Occidental Petroleum has reported a high degree of free cash flow and has had a consistent trajectory of debt repayments.The management is also planning to work hard on its water-recycling partnership with the development of additional locations and similar systems this year.

Occidental Petroleum Corporation: Detailed Credit Analysis & Financial Strength Evaluation Report

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 Corporation: Notable Progress On The Carbon Capture Front & Other Developments

Occidental Petroleum Corporation delivered a disappointing set of results as the company was unable to meet the revenue expectations as well as...

Baptista Research

Occidental Petroleum Corporation: Major Drivers

Occidental Petroleum had a weak financial performance in the last quarter and failed to meet Wall Street expectations with respect to revenues as...

Baptista Research

Occidental Petroleum: Collaboration With Western Midstream Partners & Other Drivers

Occidental delivered a decent quarter with revenues above market expectations but missed out on the earnings expectations of analysts. OxyChem...

Baptista Research

Occidental Petroleum: Direct Air Capture Plant & Other Drivers

Occidental Energy had become a buzzing stock after Warren Buffett’s Berkshire Hathaway boosted its stake in the energy major. It started to...

Baptista Research

Occidental Petroleum Corporation: Detailed Credit Analysis & Financial Strength Evaluation Report

Occidental Petroleum is a renowned oil major known for the acquisition, exploration, and development of oil and gas properties across the...

Baptista Research

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