Occidental Petroleum Corporation (OXY)

Over the past six months, Occidental Petroleum's stock price has experienced fluctuations. As of June 26, 2025, the share price was $43.16, representing a decline of 31.15% from June 27, 2024, when it was $62.69. However, in the last two months leading up to June 13, 2025, Occidental Petroleum's shares gained 18.8%, outperforming the Zacks Oil and Gas-Integrated-United States industry's rally of 12.2%. The company's stock has also been trading above its 50-day simple moving average, signaling a bullish trend. Recent news and events that may have impacted the stock include 1PointFive's carbon removal agreement with JPMorgan Chase announced in June 2025, and Occidental's first-quarter 2025 results and dividend announcement in May 2025. The company's stable performance has allowed it to surpass earnings estimates in each of the last four reported quarters, with an average earnings surprise of 24.34%.

Demand for Occidental Petroleum's products, particularly natural gas, can exhibit seasonality. Historically, the first quarter is considered the heart of the natural gas season, while the second quarter has historically been the worst for gas prices. Overall, the company's revenue streams are driven by its core oil and gas operations, with fluctuations influenced by global oil prices and market conditions. If oil trends higher due to seasonal summer demand and hurricane season, OXY's revenue outlook improves. While North American production remains elevated, growth has decelerated over the last several months, with no material changes anticipated in the next few months due to standard seasonal impacts.

Occidental Petroleum Corporation (OXY) is an international energy company primarily engaged in the exploration and production of oil and gas, as well as petrochemical manufacturing. The company operates through three main segments: oil and gas, chemical (OxyChem), and midstream and marketing. In its oil and gas segment, Occidental focuses on discovering, developing, producing, and marketing crude oil, natural gas liquids (NGLs), condensate, and natural gas. OxyChem, its chemical subsidiary, manufactures and markets a wide range of basic chemicals, vinyls, and performance chemicals used across various industries, including construction, automotive, and consumer goods. The midstream and marketing segment handles gathering, treating, processing, transporting, storing, trading, and marketing crude oil, natural gas, NGLs, condensate, and carbon dioxide (CO2), and also generates and markets power. Occidental also has a subsidiary, Oxy Low Carbon Ventures, which focuses on advancing technologies and business solutions to reduce emissions, including carbon capture and storage technologies.

Occidental Petroleum Corp. operates in two primary regions: the United States and internationally. In the U.S., the company has a significant presence in the Permian and DJ basins, and offshore Gulf of Mexico. It is a leading producer in the Permian Basin, with assets concentrated in West Texas and Southeast New Mexico, and is also a key operator in Colorado's DJ Basin and Wyoming's Powder River Basin. Internationally, Occidental has operations in the Middle East, Africa, and Latin America. Specifically, its oil and gas operations in the Middle East are in Oman, Qatar, and the United Arab Emirates, often through production sharing agreements. In Latin America, Occidental has operations and assets in Colombia and Argentina, with a subsidiary involved in offshore exploration in Peru.

Occidental has maintained a strong brand reputation, being recognized by Fortune magazine as one of the World's Most Admired Companies in the Mining, Crude-Oil Production category every reported year since 2008, including 12 times at the No. 1 ranking. In 2023, the company ranked No. 1 in this category. Occidental was also the first U.S. oil and gas company to endorse the World Bank's Zero Routine Flaring by 2030 initiative, achieving this milestone in its U.S. oil and gas operations in 2022, eight years ahead of the target.

Occidental Petroleum (NYSE: OXY) is primarily owned by institutional shareholders (75.26%), followed by retail investors (15.65%), and Occidental Petroleum insiders (9.09%). Major institutional investors include Berkshire Hathaway Inc., Dodge & Cox, Vanguard Group Inc., BlackRock, Inc., and State Street Corp. Berkshire Hathaway Inc. owns the most shares, holding 26.92% of the company, which equates to 264,941,431 shares valued at $11.29 billion. Carl C. Icahn is noted as the largest individual Occidental Petroleum shareholder, owning 73.63 million shares, representing 7.48% of the company.