Occidental Petroleum Corporation (OXY)

Over the past six months, Occidental Petroleum's stock price has experienced movements influenced by strategic decisions and financial performance, with an overall decline of 3.91%. The agreement to sell its OxyChem chemicals arm to Berkshire Hathaway for $9.7 billion led to a 7.5% drop in Occidental's stock price due to concerns about future free cash flow growth. However, the Q3 2025 earnings report showed an EPS of $0.64, surpassing expectations, and the company reduced its debt by $1.3 billion, which was viewed positively.

Demand for Occidental Petroleum's products and services exhibits seasonality driven by global economic conditions and weather patterns. Crude oil and natural gas demand surges in winter due to heating needs and in summer due to increased travel, while chemical product demand correlates with the health of the U.S. and global economy. Caustic soda demand can be higher in the summer due to alumina refineries and construction-related chlorine demand, with a mild seasonal dip often observed in the fourth quarter.

Occidental Petroleum Corporation (OXY) is an international energy company based in Houston, Texas, with operations in oil and gas exploration and production, chemical manufacturing, and midstream activities. The company operates in the Energy Minerals sector and Integrated Oil industry, focusing on oil and gas exploration and production, chemical manufacturing through OxyChem, and midstream and marketing operations. Occidental's business model emphasizes vertical integration to enhance efficiency and profitability.

Occidental Petroleum has a global presence with operations in the United States, including the Permian Basin, Gulf of Mexico, Rockies, and Denver Basin. The company also operates in the Middle East, specifically in Oman, the United Arab Emirates (UAE), and Qatar, often through production sharing agreements. In Latin America, Occidental has a presence in Colombia for oil and gas operations, and its OxyChem subsidiary has manufacturing facilities in Chile.

Occidental Petroleum has focused on enhancing its brand reputation through sustainability and carbon management initiatives, aiming for net-zero emissions by 2050. The company is constructing the world's largest direct air capture (DAC) facility in the Permian Basin and has engaged in partnerships to advance carbon management technologies, including the acquisition of Carbon Engineering and the STRATOS joint venture with BlackRock. Occidental was also the first U.S. oil and gas company to endorse the World Bank's initiative for zero routine flaring by 2030.

Occidental Petroleum Corporation has substantial institutional ownership, with approximately 88.70% of its shares held by institutional investors, while insider ownership stands at about 0.31%. Major institutional shareholders include Berkshire Hathaway Inc., Vanguard Group Inc., Dodge & Cox, BlackRock, Inc., State Street Corp, and Geode Capital Management, Llc.