Occidental Petroleum Corp

In terms of profitability, OXY has the highest profit margins amongst its peers at 24.2%. OXY also has one of the highest dividend yields at 2.85%.

This was the seventh straight weekly decline in the Permian Basin oil rig count. Overall, the weekly US crude oil rig count was down 4%.

For the second quarter, EOG Resources expects total production in the range of 670.3–706.2 Mboepd (thousand barrels of oil equivalent per day).

For 1Q16, Denbury Resources (DNR) reported an adjusted EBITDA of ~$105 million with an EBITDA margin of ~40%. Its EBITDA margin is only ~20% lower.

In the last month, crude oil producer Denbury Resources (DNR) has seen its stock price underperform crude oil (USO) and natural gas (UNG) prices.

For 3Q16, Occidental Petroleum expects its total production from ongoing operations to be in the range of 600–605 Mboe per day.

The U.S. total rig count decreased by 17 rigs—from 1,913 to 1,896—during the week ending August 22. This marked the first rig count decline in the past five weeks. The decline was also the largest since late September 2013.

WTI (West Texas Intermediate) crude oil’s discount to Brent crude oil widened in the week ended August 14 over the previous week.

ConocoPhillips (COP) announced its 4Q17 earnings on February 1, 2018, before the market opened. It had better-than-expected profits of ~$540 million, beating analyst expectations.

Occidental Petroleum (OXY) is set to report its 4Q17 and fiscal 2017 earnings on February 13, 2018. For 4Q17, OXY’s current consensus net income estimate is ~$275.0 million.

Diamondback Energy’s stock price saw uptrend from October 2012 to June 2014. When NYMEX WTI crude oil started falling in June 2014, FANG’s stock peaked.

Marathon Oil’s stock price fell from $15.91 to $15.16 last week, while crude oil prices fell from $53.18 per barrel to $49.62 per barrel.

For the past month, Energen had the highest correlation of ~0.94 with WTI crude oil (USO) prices. Occidental Petroleum had the lowest correction coefficient.

The EIA (U.S. Energy Information Administration) published that the US crude oil output rose by 48,000 bpd to 9.2 MMbpd for the week ending October 30, 2015.

EPD has $5.3 billion of projects currently under construction that are expected to be operational by the end of 2018.

In 3Q15, Occidental Petroleum production mix was 63% crude oil, 25% natural gas, and 12% NGLs. This means that it is more tilted toward liquids production.

Growing conflict in the Middle East between Saudi Arabia and Iran, the major oil-producing countries of OPEC, has become a threat for crude oil prices.

For 4Q16, Wall Street analysts expect Murphy Oil to report EBITDA of ~$261 million—compared to adjusted EBITDA of approximately -$122 million in 4Q15.

Although crude oil prices have rallied by ~89% from their lows in February 2016, crude is still trading ~54% lower than its high nearly two years ago.

Rig counts in the Permian Basin can gauge drilling activities for upstream companies. The Permian Basin rig count is now at its lowest since May 2011.

So far in 2016, Consol Energy (CNX) has been outperforming bigger upstream companies in the S&P 500 (SPY). CNX has risen by ~64%.

In the last two months, Range Resources’ stock price has increased by ~68%.

Occidental Petroleum (OXY) paid its most recent dividend for 4Q16 on January 13, 2017—$0.76 per share on its common stock.

After losing ~78% of its market capitalization from July 2014 to January 2016, Murphy Oil’s (MUR) stock price is finally showing signs of new uptrend.

The EIA expects 2015 production to touch 9.3 MMbbls/d—despite the low prices. In 2014, production averaged 8.6 MMbbls/d, according to the EIA’s estimates.

Marathon Oil (MRO) is set to report its Q2 earnings on August 1. Excluding one-time items, the net income estimate is ~$161 million.

On February 11, 2016, US crude oil touched a 12-year low. From February 11, 2016, to March 13, 2017, US crude oil active futures contracts rose 84.7%.

May natural gas futures fell by 4.47% and settled at $2.52 per MMBtu on April 9, 2015. Natural gas prices plunged because of the massive inventory buildup.

On August 9, US crude oil’s implied volatility was 23.1%, which was ~1.3% below its 15-day average.

On November 2–9, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) rose 0.6%—the least among major energy ETFs.

As for supply and consumption, global oil production is outpacing consumption, especially in the first half of 2015.

September WTI crude oil futures contracts trading in NYMEX fell by 1.28% on August 5. US crude oil prices fell due to refined products’ inventory buildup and the strong dollar.

The consensus of a sudden decrease in supply means the gap between supply and demand will decrease. This supports an increase in crude oil prices.

On November 12–19, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 1.6%—the largest decline among major energy ETFs.

As of November 12, Brent crude oil active futures had fallen 18.3% from their almost four-year high of $86.29 per barrel on October 3.

On May 16, US crude oil June futures rose 0.3% and closed at $71.49 per barrel, a more-than-three-year high.

July WTI crude oil futures trading in NYMEX fell by 1.39% and closed at $59.61 per barrel on Friday, June 19—led by the strengthening US dollar and profit-booking.

Conoco is confident that its production growth will grow by ~3%, driven by a combination of new projects such as APLNG, expected to ramp up in mid-2015.

Southwestern Energy’s implied volatility rose 3.5% on February 24. The stock fell ~12%. On February 23, the company reported a net loss of $0.08 per share.

Between February 11, 2016, and April 4, 2018, US crude oil active futures rose 141.8% from their 12-year low.

October WTI crude oil futures contracts trading in NYMEX rose slightly by 0.12% on August 20, 2015. Crude oil prices rose due to the depreciating US dollar.

WTI crude oil futures for June delivery declined slightly by 0.24% and closed at $59.25 per barrel on May 11. The EIA released the monthly drilling report yesterday.

In 3Q15, Occidental Petroleum production was 689,000 BOE per day, which is higher by almost 16% than its 595,000 BOE per day in 3Q14.

On July 16, crude oil rices declined for the second day in a row, led by a strong dollar and oversupply concerns.

US benchmark WTI (West Texas Intermediate) crude oil futures contracts for February delivery fell by 3% and settled at $30.44 per barrel on January 12, 2016.

The median target price on Occidental Petroleum stock is $78.50, which is ~12% higher than its closing price of $69.85 on February 14.

Oil prices have been on a rapid decline in the past couple of months. Since the high of $107 per barrel in June, oil prices dropped ~27%. Currently, they’re trading close to $78 per barrel.

For the week ending November 17, ConocoPhillips (COP) stock had shown the highest correlation of ~91% with natural gas (UNG).

On November 15, Cobalt International Energy (CIE) had the highest implied volatility among the upstream stocks that are part of XOP. Its stock fell ~75.4% on a YTD (year-to-date) basis.

On May 10, the United States Oil ETF (USO) rose 0.3%. On May 3–10, US crude oil June futures rose 4.3%.

On October 8, the U.S. Energy Information Administration (or EIA) released inventory data for the week ended October 3.

For the week ending October 20, ConocoPhillips stock showed a negative correlation of -15% with crude oil (USO) (SCO).

On December 17, 2014, B/E Aerospace completed its spin-off of KLX, Inc., from B/E Aerospace, and KLX started trading on NASDAQ under the ticker symbol KLXI.

Despite development of factors that could have lended support to WTI oil prices, oil prices failed to recover and in fact were trading close to $86 on Thursday.

Stock performance In this article, we’ll discuss the year-to-date (YTD) stock performance of ConocoPhillips (COP), Devon Energy (DVN), Occidental Petroleum (OXY), Anadarko Petroleum (APC), and EOG Resources (EOG), which reported the highest revenue among upstream companies in fiscal 2017. Outliers and underperformers The above image shows that ConocoPhillips (COP) is the outlier among peers. YoY […]

A bull-bear battle in February 2015 has caused natural gas prices to rise and fall repeatedly. The bull isn’t out of fight yet.

Occidental Petroleum Corporation (OXY) engages in oil and gas exploration and production in the U.S., Latin America, and the Middle East.

On December 23, 2016, Occidental Petroleum (OXY) had the lowest implied volatility among upstream stocks that are part of XOP.

On December 19, 2016, Cobalt International Energy (CIE) stock fell 79.1% YTD, the steepest YTD fall among upstream stocks with the highest implied volatilities.

The fall in the yield spread indicates concerns about the US economy’s growth rate. Oil prices might fall from the current levels.

On July 24–31, 2017, oil-weighted stocks in the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) collectively rose 5.9%.

Magellan Midstream Partners (MMP) has made significant investments in pipelines in the Permian region to deliver crude oil from the Permian Basin in west Texas to markets along the U.S. Gulf Coast.

Cobalt International Energy stock fell ~77.4% on a YTD basis—the steepest YTD fall among upstream stocks with the highest implied volatilities.

Background Brent crude spot oil spot prices fell by more than 15% in November. WTI crude oil spot prices fell from an average of $84 per barrel in October to $76 per barrel in November. EIA forecasts Tanking oil prices will hurt the margins of oil producers such as ExxonMobil (XOM), Apache Corp. (APA), Continental […]

In the fourth quarter, our list of oil-weighted stocks fell 44.2%—compared to the 39.7% fall in US crude oil February futures.

August WTI crude oil futures trading in NYMEX fell for the third day in a row. Prices fell slightly by 0.04% and closed at $50.89 per barrel on Friday, July 17.

On March 27, 2017, WTI (West Texas Intermediate) crude oil May futures closed at $47.73 per barrel, ~0.5% lower than their previous closing price.

The EIA expects global liquids supply to average 93.76 MMbbls/d in 2015. This is 0.82 MMbbls/d higher than its estimate of 92.94 MMbbls/d in 2014.

WTI crude oil futures contracts for December delivery fell by 1.7% on October 23. Crude oil prices fell due to the appreciating US dollar and weak global demand cues.

Of the 26 analysts tracking Occidental Petroleum (OXY), 69% recommend “buy,” 31% recommend “hold,” and none recommend “sell.”

November WTI crude oil futures contracts fell by 0.56% on October 15. Crude oil prices fell for the fourth day due to the record crude oil inventory buildup.

NYMEX-traded WTI crude oil futures contracts for July delivery increased by 1.76% on June 2. The depreciation of the US dollar supported crude oil prices.

September WTI crude oil futures contracts trading in NYMEX fell by 7.70% on September 1. Crude oil prices fell due fears of a Chinese slowdown.

On February 4, US crude oil prices fell 1.3% and settled at $54.56 per barrel. US crude oil active futures made an intraday high of $55.75.

On June 14, Russia and Saudi Arabia announced a bilateral framework to increase cooperation and manage the oil market.

In 2019, Tesla (TSLA) rose 29.3%. The S&P 500 Index gained 29.2%. The top institutional investors were bullish on the electric car manufacturer in Q3 2019.

It may take sharper declines in rig counts this time around for a substantial downward trend in production to be seen.

September WTI crude oil futures contracts fell by 2.23% on September 7. Crude oil prices fell due to oversupply and economic growth concerns across Europe and China.

On December 5, 2016, Occidental Petroleum (OXY) had the lowest implied volatility among upstream stocks that are part of XOP.

Cobalt International Energy stock fell ~76.3% on a YTD (year-to-date) basis, the steepest YTD fall among upstream stocks with the highest implied volatilities.

September WTI crude oil futures contracts fell by 0.55% on July 30, 2015. The appreciating US dollar led to the fall in crude oil prices in yesterday’s trade.

Although crude oil prices have rallied ~78% from their lows in February 2016, crude is still trading ~57% lower than its high two years ago.

January WTI (West Texas Intermediate) crude oil futures contracts trading on NYMEX fell by 3.1% to $35.62 per barrel on Friday, December 11, 2015.

On December 9, 2016, Occidental Petroleum (OXY) had the lowest implied volatility among upstream stocks that are part of XOP.

Goldman Sachs (GS) suggests crude oil prices could test $20 per barrel in a worst case scenario in 2016.

The triple top pattern is formed in the uptrend. In this pattern, three consecutive peaks are formed. The peaks have roughly the same price level.

In Q4 2018, crude oil sales accounted for 58% of APC’s total sales volume. In 2019, the oil sales volume as a percentage of total sales might vary between 57.6% and 58.8%.

Over the last 12 quarters, Denbury’s operating costs have been drifting upward. They rose from $21.19 per BOE in 1Q12 to $22.64 per BOE in 4Q14.

Russia and Saudi Arabia will have to offer more competitive prices in order to maintain market share in China. This implies that the Saudis may cut prices soon for crudes to Asian refiners.

On September 11, US crude oil October futures closed at $48.07 per barrel. This closing price was 1.2% above its September 10 closing price and 3.9% below the psychologically important level of $50.00.

As of March 4, 2016, about 85% of Wall Street analysts have rated Diamondback Energy (FANG) as a “buy,” and ~12% of analysts have rated it as a “hold.”

The NYSTRS decreased its position in Apache Corporation from 0.20% in 3Q14 to 0.12% in 4Q14—according to the latest SEC 13F filings.

NYMEX-traded WTI crude oil futures contracts for July delivery rose by 0.88% and settled at $60.45 per barrel on June 18, 2015.

On November 19, ConocoPhillips (COP) confirmed to CNBC that it has been engaged in talks with Jim Ratcliffe.

On October 12–19, US crude oil December futures fell 2.7% and closed at $69.28 per barrel on October 19.

The US commercial crude oil inventories fell by 2.4 MMbbls for the week ending July 31. The consensus of falling US inventories supports crude oil prices.

NYMEX-traded WTI crude oil futures for July delivery fell by 1.67% on Monday, June 8, 2015. Crude oil prices declined due to slowing imports from China.

Baxalta, Energy Transfer Partners, JPMorgan Chase, Occidental Petroleum, and Cardinal Health were among the biggest issuers of investment-grade corporate bonds last week.

Cobalt International Energy’s stock has fallen ~81.9% on a YTD basis—the steepest YTD fall among upstream stocks with the highest implied volatilities.