57.61BMarket Cap16.66P/E (TTM)
65.130High64.360Low7.16MVolume64.670Open64.200Pre Close464.45MTurnover0.81%Turnover Ratio16.66P/E (Static)886.46MShares67.20652wk High2.62P/B57.41BFloat Cap54.92152wk Low0.72Dividend TTM883.31MShs Float81.003Historical High1.11%Div YieldTTM1.20%Amplitude2.864Historical Low64.870Avg Price1Lot Size
Occidental Petroleum Stock Forum
Crude oil up over 15.5% for 1Q 2024
What might limit the upside in Q2 is the technical resistance currently being teste...
$Occidental Petroleum(OXY.US)$$Chevron(CVX.US)$
Oil Slides Below $86 on Surprising US Stockpile Surge
Key Takeaway
Oil prices fell, with Brent crude below $86 and WTI near $81, after an API report showed a 9.3 million barrel US stockpile increase.
The potential largest weekly gain in Cushing's crude levels since January 2023 contrasts with an eighth consecutive week of gasoline inventory declines.
Geopolitical t...
In the near term, crude oil might face demand issue.
In the long term, crude oil tends to have a supply issue as the top 20 oil fields were mostly discovered in the 90s.
Investing into oil companies, investors need to pay attention to "carbon capture project" as well.
Oil Surges on US Stockpile Drop, Fed Rate Cut Hints
US crude inventories fell for the second consecutive week, with gasoline also seeing a large draw.
A weaker US dollar following Fed's steady interest rate stance enhanced commodities' appeal, influencing oil price gains. $Occidental Petroleum(OXY.US)$$Chevron(CVX.US)$$Exxon Mobil(XOM.US)$
Crude oil -1.519 million (exp. +77,000)
Gasoline -1.574 million
Distillates +512,000
Cushing +325,000
SPR +.7 million
$Occidental Petroleum(OXY.US)$$Chevron(CVX.US)$$Exxon Mobil(XOM.US)$
Here are my thoughts
Nasser's got a point – whether we like it or not, oil and gas still play a massive role in our world.
I mean, just look around – everything from cars to plastics relies on them.😂
Supporters of clean energy are neglecting the effects of this transformation on customers who rely on low-cost, re...
Should We Be Worried About Inflation?
With interest rates and inflation being the main concern for investors these days, all eyes will be on the Federal Reserve's interest rate decision coming this Wednesday.
Many analysts are calling for a resurgence in inflation. While the Federal Reserve has been standing by their word, saying that inflation is under control and we are on the path towards rate cuts this year.
If the Fed believes that inflation is no longer...
Brent crude rose 1.69% to USD85.54. WTI crude rose 2.17% to USD81.45.
$Occidental Petroleum(OXY.US)$
The trend over the past seven weeks shows fluctuating inventory levels with a significant build-up in mid-February, suggesting variable demand or changes in production levels. $Occidental Petroleum(OXY.US)$$Crude Oil Futures(MAY4)(CLmain.US)$
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