Occidental's CrownRock Deal Delayed But Sees Permian Basin Production Boost
Occidental Petroleum Corporation (NYSE:OXY) now expects to close the acquisition of shale oil producer CrownRock LP by the third quarter of FY24.In December 2023, the company inked a purchase deal for
US oil reserves are in a hurry! The Biden administration clearly raised the upper limit of “oil purchase price”: 79.99 US dollars/barrel
① As US oil reserves have been reduced to their lowest level in nearly four decades, the Biden administration recently stepped up procurement efforts; ② The US Department of Energy said in a document that it will pay $79.99 per barrel of oil. This is the first time that the US government has set a clear price cap.
For the first time, the US clearly reimburses the SPR price: 79.99 US dollars/barrel!
This is the first time that the US government has set a clear price cap, which is still higher than the previous unofficial limit of 79 US dollars/barrel.
Occidental Sees CrownRock Deal Closing by August; High Interest in Asset Sales
Occidental Exec Says Co To Increase Permian Production In H2 While Reducing Rigs; Gulf Of Mexico Operating Costs To Recover In Q3; Occidental Petroleum CEO Sees High Interest From Potential Buyers For Its Assets On Sale
Occidental Exec Says Co To Increase Permian Production In H2 While Reducing Rigs; Gulf Of Mexico Operating Costs To Recover In Q3; Occidental Petroleum CEO Sees High Interest From Potential Buyers For
Exxon Says Liza Unity FPSO Offshore Guyana Hits Peak Output of 252K Bbl/day
Stocks Falter As Fed Signals Need For Higher-For-Longer Rates; Uber Crashes, Energy Sector Loses Ground: What's Driving Wednesday's Market?
Wednesday witnessed a tempering of the bullish sentiment that had buoyed Wall Street in recent sessions, with major indices showing slight declines around midday trading in New York.Hawkish remarks fr
Datadog To Rally Around 25%? Here Are 10 Top Analyst Forecasts For Wednesday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.Piper Sandl
WTI crude oil once fell below 77! KITU Macro: Some geo-risk premiums have been lifted
Economists at KITU Macro said that part of the risk premium for the Iran-Israel conflict has now been lifted, and OPEC+ may gradually eliminate production cuts starting in July.
Occidental Petroleum Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 05/08/2024 10.13% Mizuho $70 → $71 Maintains Neutral 04/22/2024 25.64% Susquehanna $70 → $81 Maintains Pos
Wall Street Poised For Muted Open On Mixed Earnings, With More Fed Speeches In Store: Analyst Sees S&P 500 Crossing Late-March High
U.S. stocks are on track for a mixed start on Wednesday as the market digests mixed earnings reports and looks ahead to more speeches by Federal Reserve officials. Given the paucity of any market-movi
The US restarts the reserve replenishment program, and is Biden ready to deal with soaring oil prices at any time?
Biden restarts the SPR supplement plan when oil prices fall. If oil prices rise before the election, Biden may release SPR again.
Repsol, Santos Explore Sale of Stakes in Alaska Oilfields - Reuters
Warren Buffett's Favorite Stock, Occidental Petroleum Reports Mixed Q1 Results
Occidental Petroleum Corporation (NYSE:OXY) reported mixed first-quarter financial results after the bell Tuesday. Here's a look at the details. The Details:Occidental Petroleum reported quarterly ear
Occidental Petroleum | 10-Q: Quarterly report
Occidental Petroleum Q1 Adj $0.63 Beats $0.60 Estimate, Sales $6.01B Miss $6.70B Estimate
Occidental Petroleum (NYSE:OXY) reported quarterly earnings of $0.63 per share which beat the analyst consensus estimate of $0.60 by 5 percent. This is a 42.2 percent decrease over earnings of $1.09 p
US Stocks Eye Fourth Positive Session Despite Hawkish Fed Remarks; Disney, Palantir Tumble; Treasury Yields Fall: What's Driving Markets Tuesday?
Wall Street experienced a quiet session during morning trading on Tuesday, influenced by a lack of significant economic data and minimal updates on earnings from major large-cap companies.Traders larg
Exxon Mobil Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 05/07/2024 30.52% UBS $150 → $152 Maintains Buy 04/30/2024 3.04% HSBC $111 → $120 Maintains Hold 04/30/202
Chevron Says Australia's Gorgon LNG Train to Be Shut Five Weeks
Could OPEC+ “open the door” to increase production? Russia's words make the oil market uneasy!
Russian Deputy Prime Minister Novak said that the possibility of increasing oil production under the OPEC+ agreement is being analyzed.