All Posts Tagged With: "OXY"
(XLE) Stock Market News for December 19, 2011 – Market News
Markets shed early gains to end mixed after Fitch ratings put seven European economies under credit watch negative. The gains were primarily a result of European developments as Italian government won a confidence vote on austerity measures. It was a choppy session for the...
(BAC) Stock Market News for December 15, 2011 – Market News
Spooked by European financial concerns and a sharp decline in commodity prices, benchmarks ended in negative territory for the third-straight day. Borrowing costs recorded euro-era highs and domestic economic data was not strong enough to negate lingering concerns.
The...
(EU) Stock Market News for December 13, 2011 – Market News
Markets reversed gears on Monday and receded into negative territory after the European accord concluded on last Friday faced criticism from Fitch Ratings and Moody’s Investors Service. Tech-giant Intel also contributed to weak investor confidence after the company projected...
(OXY) Occidental Petroleum Corporation Outpaces Expectation
Occidental Petroleum Corporation’s (OXY) third quarter 2011 operating earnings jumped 47.3% to $2.18 per share from $1.48 per share in the year-ago quarter. Earnings beat our expectation for the quarter...
(COP) Stock Market News for August 24, 2011 – Market News
Neither the East Coast earthquake nor weaker-than-expected domestic economic reports could prevent the markets from staging a strong rally that also saw the Dow posting its best gains in two weeks. Encouraging global economic reports helped to boost the mood of the investors,...
(COP) Stock Market News for August 1, 2011 – Market News
Benchmarks took a battering to register their worst weekly performance in a year as the stalemate over the debt-ceiling crisis pushed the US closer to losing its ‘AAA’ rating. Investor sentiment was dragged even lower as data revealed economic growth in the first half...
(CME) Meet New Zacks Senior Stock Strategist Kevin Cook
Hello fellow investors! My name is Kevin Cook and I just joined the Zacks.com team as a Senior Stock Strategist. I can’t wait to share with you all the ways we can work together to not simply survive in this market, but to thrive in it!
But, first things first…I...
(APC) Stock Market News for May 6, 2011 – Market News
Benchmarks continued to linger in the red on Thursday, weighed down by disappointing jobs data, as investors chose to exit the gold, silver and oil markets. Commodities fell significantly and crude slipped below the $100 per barrel mark.
The Dow Jones Industrial Average...
(XOM) Exxon Mobil Corporation – Exxon Beat Estimates For Fourth Quarter in a Row
Big Oil is back in the spotlight. Exxon Mobil Corporation (XOM) saw first quarter profit jump 69% on high crude prices and a record quarter for its chemical division. Yet this Zacks #1 Rank (strong buy) is...
(GNVC) Stock Market News for December 30, 2010 – Market News
Even though the markets trimmed the intra-day rally during closing hours on Wednesday, the benchmarks still moved modestly upward to achieve new highs. After-effects of the snowstorm in the Northeast continued to keep investors away from the Street. In addition, the ongoing...
(C) Company News for December 29, 2010 – Corporate Summary
• Citigroup (NYSE:C) CEO Pandit remarked that his firm is ready for any sort of regulatory changes
• FBR reiterated an “outperform” rating on Fairchild Semiconductor (NYSE:
29Dec2010 | vitalstocks | 0 comments | Continued(OXY) Occidental Petroleum Meets Production Target
Occidental Petroleum Corporation (OXY) along with Korea Gas Corporation has attained and sustained a 10% increase in oil production at the Zubair field, near Basra, in southern Iraq.
In January 2010,...
(CEO) Profit As China Invests in Argentina
by Tony D’Altorio, Investment U Research
Monday, December 20, 2010
China’s...
(LGF) Activist Investors Are Ready to Fight in 2011
by Marc Lichtenfeld, Investment U’s Senior Analyst
Wednesday,...
(BEC) Company News For December 10, 2010 – Corporate Summary
• China’s Petrochemical agreed to purchase Occidental Petroleum’s (NYSE:OXY) oil and gas holding in Argentina for $2.45 billion
• Community Health (NYSE:CYH) made an offer for Tenet (NYSE:THC) for $3.3 billion, or $6 per share, which the firm declined
• Beckman...
(BP) BP Plc on Track to Meet Rumaila Target
BP Plc (BP) and its partner China National Petroleum Corp. (“CNPC”) are on track to meet their preliminary target of a 10% rise in output from the Rumaila oilfield by the end of this month. The growth in...
(OXY) Occidental Petroleum Beats Earnings Estimates
Occidental Petroleum Corporation (OXY) announced third quarter 2010 operating earnings of $1.47 per share versus $1.14 in the year-ago quarter, reflecting a growth of 28.9%. The third quarter result surpassed...
(HES) Hess Earns Five Year Extension of Libyan Contract
The U.S. oil integrated Hess Corporation (HES) won a five-year contract extension for its exploration and production license off Libya’s coast. Yesterday, the Libyan government said that the contract extension...
(APD) Company News for September 7, 2010 – Corporate Summary
• Air Products & Chemicals (NYSE:APD) raised its offer for Airgas (NYSE:ARG) to $65.50 from $63.50 per share, equalling $5.5 billion
• Oracle (NASDAQ:ORCL) announced the appointment of former Hewlett-Packard (NYSE:HPQ) CEO Mark Hurd as co-President
• Goldman...
(APD) Company News for September 7, 2010 – Corporate Summary
• Air Products & Chemicals (NYSE:APD) raised its offer for Airgas (NYSE:ARG) to $65.50 from $63.50 per share, equalling $5.5 billion
• Oracle (NASDAQ:ORCL) announced the appointment of former Hewlett-Packard (NYSE:HPQ) CEO Mark Hurd as co-President
• Goldman...
(OXY) Occidental Petroleum Corporation’s Earnings Scorecard
Following the earnings release for Occidental Petroleum Corporation (OXY) on April 29, 2010, the company issued a detailed outlook in an analyst meeting held on May 19, 2010. Occidental’s better-than-expected...
(OXY) Occidental Petroleum Reports Profits Rise – Miss Expectations
Occidental Petroleum Corporation (OXY) posted better-than-expected numbers for the first quarter driven by higher production volumes. Net income from continuing operations was $1.32 per share, below the Zacks...
(OXY) Occidental Petroleum Corporation Beats on Production Rise
Occidental Petroleum Corporation (OXY) posted better-than-expected numbers for fourth quarter and fiscal 2009 driven by higher production volumes. Net income from continuing operations was $1.30 per share,...
($OXY) Occidental Petroleum: The Industry-Changing Oil And Gas Company You Haven’t Heard Of
by Tony Daltorio, Investment U Research
Monday, January 18, 2010
While the financial world gushes about oil and gas on practically a daily basis, it seems to have completely forgotten about California-based Occidental Petroleum (NYSE:...
(IEO) Oil and Natural Gas Investments: Why You Should Buy Black Gold Now
by Alexander Green, Chief Investment Strategist
Thursday, December 3,...
(OXY) Occidental Petroleum Inks Partnership in Bahrain
Recently, Occidental Petroleum Corp. (OXY) entered into a partnership to develop oil and natural gas fields in Bahrain. Occidental along with partners Mubadala Development Company (Mubadala) and the National...
(OXY) Occidental Petroleum Corporation Reports Earnings Ahead of Consensus Estimates
Occidental Petroleum Corporation (OXY) posted better-than-expected numbers for the third quarter of 2009 based on higher sales volumes and lower operating expenses.
Net income from continuing operations was $1.14 per share, higher than the Zacks Consensus...
(E) Eni SpA Wins Contract in Iraqi Oil Field
A consortium, led by Eni SpA (E) was awarded the license to develop the giant Zubair oil field in Iraq. Eni, which is the operator, will have a participation of 40% in the consortium, subject to adjustments. The other members include Occidental Petroleum...
(OXY) Occidental Petroleum Corporation Buys Phibro LLC
Occidental Petroleum Corporation (OXY) recently announced the purchase of Phibro LLC (Phibro) from Citigroup Inc. (C), for approximately the net asset value. Occidental plans to invest $250 million in Phibro. Phibro’s...
(OXY) – Occidental Petroleum – additional capital funds will be used to drill and re-complete approximately 400 wells
Occidental Petroleum Corporation (OXY) recently announced a record second quarter. Earnings per share of $2.79 exceeded the consensus estimate by 3% and more than doubled the year-prior result. Revenue of $7.12 billion climbed from last year’s $4.41 billion.