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Occidental Petroleum Corp $ 15.89 0.76 (5.02%)

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14.80 Bil
Enterprise Value $:
62.36 Bil
P/E (TTM):
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P/B:
1.46
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Occidental Petroleum Corp News and Headlines -

GuruFocus Articles Total 313
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Markets down, shares of Salesforce fall on earnings

US Markets

U.S. stocks were in the red on Wednesday morning after yesterday's rally. The Dow fell 0.06% to 29,806, the S&P 500 index lost 0.09% to 3,659 and the Nasdaq Composite Index was down 0.35% to 12,311.

Gainers

• HollyFrontier Corp ​(HFC) +4.9%

• Pfizer Inc (PFE) +4%

• Occidental Petroleum Corp (OXY) +3.9%

• UDR Inc (UDR) +1.8%

Losers

• Genuine Parts Co (GPC) -4.2%

• Gap Inc (GPS) -2.2%

• ServiceNow Inc (NOW) -1.8%

• Carmax Inc (KMX) -2.6%

• Advance Auto Parts Inc (AAP) -3.1%

• D.R. Horton Inc (DHI) -1.6%

Global Markets

The

42 Views    Omar Venerio    2020-12-02 16:22
Firm's largest sales of the 3rd quarter

Bruce Berkowitz (Trades, Portfolio)'s Fairholme Capital Management sold shares of the following stocks during the third quarter, which ended on Sept. 30.

Occidental Petroleum

The firm closed its stake in Occidental Petroleum Corp. (OXY). The trade had an impact of -1% on the portfolio.

The independent oil and gas producer has a market cap of $14.68 billion and an enterprise value of $62.24 billion.

44eeda142c95566257e65fb5e47e6942.png

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of -54.21% and return on assets of -14.56% are

83 Views    Tiziano Frateschi    2020-11-25 16:17
Renowned activist adds to one of his top holdings

Continuing his streak of increasing the Xerox Holding Corp. (XRX) stake over the past several months, Carl Icahn (Trades, Portfolio) disclosed he boosted the position another 3.86% earlier this week.

The guru's New York-based firm, Icahn Capital Management, is known for taking activist positions in undervalued, struggling companies and working with management with the goal of improving profitability as well as unlocking value for shareholders.

According to GuruFocus Real-Time Picks, a Premium feature, Icahn picked up another 1.06 million shares of the Norwalk, Connecticut-based printer manufacturer on Nov. 3, impacting the equity portfolio by 0.10%. The

402 Views    Sydnee Gatewood    2020-11-06 17:17
Is the oil giant's latest acquisition a positive sign or an indicator of industry troubles?

The fossil fuels industry has had it rough the past couple of years, especially with 2020 adding a sudden drop in travel on top of the existing issues of unsustainable debt and supply growing at a faster rate than demand. The price of oil has hovered around the $40 mark since June, which is below what many companies need to profit off new shale wells.

As a result, many companies in the industry have turned to divestitures or consolidation in order to survive. One of the latest energy deals, and perhaps the biggest since the Covid-19 pandemic began, is ConocoPhillips'

207 Views    Margaret Moran    2020-10-20 21:38
David Dreman's book, 'Contrarian Investment Strategies,' was gospel to investors when it was first published in 1979

David Dreman (Trades, Portfolio)'s book, "Contrarian Investment Strategies," was gospel to investors when it was first published in 1979. Investors had been decimated by markets going nowhere over the prior 10 years. Stock investors were ready for something new. Dreman had produced a lot of success as an investor and wanted to share his gospel of contrarian value investing.

The perfect picture of Dreman's gospel comes from his opening chapter. He refers to the stock market as a casino with a green wing and a red wing. Looking into the green wing, "the atmosphere is unhurried, the

270 Views    Smead Capital Management    2020-10-20 18:27
Discussion of markets and holdings

The Dodge & Cox Global Stock Fund had a total return of 2.9% for the third quarter of 2020, compared to 7.9% for the MSCI World Index. For the nine months ended September 30, 2020, the Fund had a total return of –14.6%, compared to 1.7% for the MSCI World.

Investment Commentary

Global equity markets were extremely volatile during the first nine months of 2020. In the first quarter, the coronavirus (COVID-19) evolved into a global pandemic, disrupting major economies around the world and abruptly ending the longest stock market bull run in U.S. history. Global equities fell sharply, but

109 Views    Sydnee Gatewood    2020-10-16 20:07
Discussion of markets and holdings

The Dodge & Cox Stock Fund had a total return of 4.3% for the third quarter of 2020, compared to 8.9% for the S&P 500 Index. For the nine months ended September 30, 2020, the Fund had a total return of –11.3%, compared to 5.6% for the S&P 500.

Investment Commentary

The U.S. equity market was extremely volatile during the first nine months of 2020. In the first quarter, the coronavirus (COVID-19) evolved into a global pandemic, disrupting major economies around the world and abruptly ending the longest stock market bull run in U.S. history. U.S. equities fell sharply, but

149 Views    Sydnee Gatewood    2020-10-16 19:51
We became extremely bearish on energy in 2011. At the time, we saw interest in Seattle for hybrid and electric cars

We became extremely bearish on energy in 2011. At the time, we saw interest in Seattle for hybrid and electric cars. This convinced us that 10% of the cars on the road nationwide might be hybrid and electric by 2020. In actuality, only 2% of total unit sales in the U.S. were electric vehicles over the last 10 years. We also felt back then that the enthusiasm among investors for emerging markets and China was overblown and would cause oil demand forecasts to fall short of expectations.

It turns out we were wrong, because we were too early in

133 Views    Smead Capital Management    2020-09-29 18:35
Nasdaq down 1.99%

The Dow Jones Industrial Average closed at 27,534.58 on Thursday with a loss of 405.89 points or -1.45%. The S&P 500 closed at 3,339.19 for a loss of 59.77 points or -1.76%. The Nasdaq Composite closed at 10,919.59 for a loss of 221.97 points or -1.99%. The VIX Volatility Index was higher at 29.71 for a gain of 0.90 points or 3.12%.

Thursday's market movers

U.S. indexes closed lower Thursday, wiping out much of the gains from Wednesday's rebound. Futures were positive at the opening, but investor sentiment was swayed by concerns over a stimulus package that didn't pass Senate

121 Views    Julie Young    2020-09-10 21:50
Discussion of markets and holdings

Dear Shareholder

Financial markets recorded widely mixed results during the first half of 2020 as the spread of the coronavirus disrupted global economies. Although stocks and bonds experienced extraordinary volatility, historic levels of fiscal and monetary stimulus helped mitigate the losses.

Market sentiment was positive as we entered the year, and the S&P 500 Index advanced to a record high on February 19. However, stocks began falling as the coronavirus spread in Italy and other countries outside China. The major indexes continued their slide as cases mounted in the U.S. and New York City became the epicenter of the pandemic.

154 Views    Sydnee Gatewood    2020-08-24 20:58
The Oracle of Omaha has spent a fair amount of time with commodities

Warren Buffett (Trades, Portfolio) always says that his favourite investment is one with stable, predictable cash flows, with excellent management and a wide moat that makes it invulnerable to competition. It is for these reasons that he has traditionally been disdainful of the idea of owning commodities.

However, his actions have not always lined up with his words. Just recently, I wrote an article about Berkshire Hathaway's (BRK.A) (BRK.B) new position in gold miner Barrick Gold, but Buffett has gone further than owning metal mining companies. On at least one occasion, he has owned

186 Views    Stepan Lavrouk    2020-08-19 17:02
Guru releases portfolio for the 2nd quarter

Bruce Berkowitz (Trades, Portfolio), leader of Fairholme Capital Management, revealed his portfolio for the second quarter last week.

The guru's Miami-based firm concentrates its investments in a relatively small number of companies, believing that a more diversified portfolio leads to a more average performance. Berkowitz applies Benjamin Graham's strategy when selecting stocks, seeking companies that have solid management, generate high free cash flows and are trading at a deep discount to intrinsic value.

In his semiannual letter to shareholders, Berkowitz noted that while the Covid-19 pandemic is "changing the demand and supply for goods and services,"

374 Views    Sydnee Gatewood    2020-08-19 16:49
Thoughts on why Buffett has been selling so much recently

As someone who has followed Warren Buffett (Trades, Portfolio) for over a decade and writes about him on a daily basis, I believe I have a good understanding of the Oracle of Omaha's investment strategy and views on the market. I also own shares in Berkshire Hathaway (BRK.A) (BRK.B).

Like many of my fellow investors in Buffett's conglomerate, I was somewhat surprised to see his trading actions during the second quarter of 2020. Here are some of my thoughts on the topic.

Buffett's second-quarter moves

During the second quarter, Berkshire initiated one new position while adding

535 Views    Rupert Hargreaves    2020-08-19 15:11
Renowned activist guru adds to 2 of his top holdings

Activist investor Carl Icahn (Trades, Portfolio), leader of Icahn Capital Management, revealed he increased his stakes in Xerox Holdings Corp. (XRX) and Occidental Petroleum Corp. (OXY) last week.

The guru`s New York-based firm is known for taking activist positions in undervalued, struggling companies and working with management with the goal of improving profitability as well as unlocking value for shareholders.

According to GuruFocus Real-Time Picks, a Premium feature, Icahn upped his stake in Xerox by 7.73% on Aug. 5 and his position in Occidental by 12.5% on Aug. 3. Both companies are among his 10 largest

1059 Views    Sydnee Gatewood    2020-08-10 18:48
Dow Jones gains 0.62%

The Dow Jones Industrial Average closed at 26,828.47 on Tuesday with a gain of 164.07 points or 0.62%. The S&P 500 closed at 3,306.51 for a gain of 11.90 points or 0.36%. The Nasdaq Composite closed at 10,941.17 for a gain of 38.37 points or 0.35%. The VIX Volatility Index was lower at 23.78 for a loss of 0.50 points or -2.06%.

Tuesday’s market movers

U.S. indexes ended with small gains Tuesday, staying in the green following a two-day tech rally. Stocks started lower in early morning trading as investors took some profits, which detracted from the day’s results. A

31 Views    Julie Young    2020-08-04 20:45
Nasdaq up 1.35%

The Dow Jones Industrial Average closed at 26,539.57 on Wednesday with a gain of 160.29 points or 0.61%. The S&P 500 closed at 3,258.44 for a gain of 40.00 points or 1.24%. The Nasdaq Composite closed at 10,542.94 for a gain of 140.85 points or 1.35%. The VIX Volatility Index was lower at 24.10 for a loss of 1.34 points or -5.27%.

Wednesday’s market movers

U.S. indexes closed higher Wednesday. The Federal Open Market Committee reported no changes to its monetary policy after a two-day policy meeting. This leaves the federal funds rate target at 0% to 0.25%. Powell commented

101 Views    Julie Young    2020-07-29 21:16
Firm's largest sales of the 2nd quarter

The Smead Value Fund (Trades, Portfolio) manages a $949 million portfolio composed of 28 stocks. It sold shares of the following stocks during the second quarter of 2020.

Occidental Petroleum

The fund exited its position in Occidental Petroleum Corp. (OXY). The trade had an impact of -5.42% on the portfolio.

6b63cd685511db96f5eac6fa03c286b0.png

The independent oil and gas exploration company has a market cap of $15.57 billion and an enterprise value of $63.05 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of

134 Views    Tiziano Frateschi    2020-07-26 15:34
Dow Jones gains, Nasdaq Falls

The Dow Jones Industrial Average closed at 26,840.40 on Tuesday with a gain of 159.53 points or 0.60%. The S&P 500 closed at 3,257.30 for a gain of 5.46 points or 0.17%. The Nasdaq Composite closed at 10,680.36 for a loss of 86.73 points or -0.81%. The VIX Volatility Index was higher at 24.91 for a gain of 0.45 points or 1.84%.

Tuesday’s Market Movers

U.S. indexes closed mostly higher Tuesday, though the Nasdaq gave back some of its record gains.

In Europe, the European Union reported an agreement on a substantial Covid-19 rescue fund. The news came just a

10 Views    Julie Young    2020-07-21 20:37
Everyone who owned common stocks in the US went through hell in the first quarter of this year

Everyone who owned common stocks in the U.S. went through hell in the first quarter of this year. The 36% decline in the S&P 500 Index in February and March was the fastest 36% decline of my lifetime. This hell was especially damaging to those of us who have a positive view of the U.S. economy over the next 10 years.

The decline hit economically sensitive stocks much harder than even the index reflects. Commodities, which are usually a pretty good reflection of economic strength, came out of the decline as depressed versus common stocks as they have been in

371 Views    Smead Capital Management    2020-07-16 13:38
S&P 500 down 0.94%

The Dow Jones Industrial Average closed at 26,085.80 on Monday with a gain of 10.50 points or 0.04%. The S&P 500 closed at 3,155.22 for a loss of 29.82 points or -0.94%. The Nasdaq Composite closed at 10,390.84 for a loss of 226.60 points or -2.13%. The VIX Volatility Index was higher at 32.19 for a gain of 4.90 points or 17.96%.

Monday’s market movers

U.S. stocks ended lower Monday, after starting the day with a tech sector rally and optimism over second-quarter earnings releases. News from California changed the market’s momentum in afternoon trading. The state announced indoor service

105 Views    Julie Young    2020-07-13 22:00

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2020-12-02 $ 15.89 (5.02%)
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2020-11-30 $ 15.76 (-4.83%)
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2020-11-27 $ 16.56 (-0.96%)
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2020-11-18 $ 12.87 (-0.92%)
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2020-11-16 $ 12.7 (7.63%)
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2020-11-13 $ 11.8 (4.33%)
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2020-11-11 $ 11.9 (-3.88%)
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2020-11-10 $ 12.38 (1.23%)
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2020-11-02 $ 9.65 (5.7%)
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2020-10-02 $ 9.87 (1.96%)
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