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Last $76.90 USD
Change Today 0.00 / 0.00%
Volume 0.0
OCPET On Other Exchanges
Symbol
Exchange
New York
Frankfurt
EN Amsterdam
As of 11:50 AM 04/9/14 All times are local (Market data is delayed by at least 15 minutes).

occidental petroleum corp (OCPET) Snapshot

Open
--
Previous Close
$76.90
Day High
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Day Low
--
52 Week High
02/19/15 - $88.00
52 Week Low
04/9/15 - $76.90
Market Cap
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Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
768.1M
EX-Date
06/8/15
P/E TM
--
Dividend
$3.00
Dividend Yield
3.75%
Current Stock Chart for OCCIDENTAL PETROLEUM CORP (OCPET)

occidental petroleum corp (OCPET) Details

Occidental Petroleum Corporation engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates in three segments: Oil and Gas; Chemical; and Midstream, Marketing and Other. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. Its domestic oil and gas operations are located in Colorado, New Mexico, North Dakota, and Texas; and international oil and gas operations are located in Bahrain, Bolivia, Colombia, Iraq, Libya, Oman, Qatar, the United Arab Emirates, and Yemen. The Chemical segment manufactures and markets basic chemicals, including chlorine, caustic soda, chlorinated organics, potassium chemicals, ethylene dichloride, chlorinated isocyanurates, sodium silicates, and calcium chloride; vinyls comprising vinyl chloride monomer and polyvinyl chloride; and other chemicals, such as resorcinol. The Midstream, Marketing and Other segment gathers, processes, transports, stores, purchases, and markets oil, condensate, NGLs, natural gas, carbon dioxide, and power. This segment also trades around its assets consisting of transportation and storage capacity, as well as oil, NGLs, gas, and other commodities. The company was founded in 1920 and is headquartered in Houston, Texas.

11,700 Employees
Last Reported Date: 02/23/15
Founded in 1920

occidental petroleum corp (OCPET) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.5M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $707.9K
Executive Vice President of Operations
Total Annual Compensation: $1.3M
Executive Vice President and President of Oxy...
Total Annual Compensation: $1.0M
Senior Executive Vice President and President...
Total Annual Compensation: $719.7K
Compensation as of Fiscal Year 2014.

occidental petroleum corp (OCPET) Key Developments

Wintershall Eyes Occidental’s Libyan Oil Assets

Wintershall Holding GmbH has expressed an interest in buying stakes in Libyan oil-and-gas assets from Occidental Petroleum Corporation (NYSE:OXY) (Occidental), Libyan officials said. “Occidental has been asking approval of NOC for disclosing information to Wintershall. It could be for a stake in the assets or just some of them,” Wintershall said, “We generally do not comment on market speculation or rumors.” Occidental declined to comment.

Occidental Petroleum Corporation Announces Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2015; Provides Interest Expense Guidance for the Second Quarter of 2015, Capital Spending and Production Guidance for the Full Year of 2015

Occidental Petroleum Corporation announced consolidated earnings and operating results for the first quarter ended March 31, 2015. For the quarter, the company’s core income for the first quarter was 2015 of $31 million or $0.04 per diluted share, compared with $560 million or $0.72 per diluted share for the fourth quarter of 2014 and $1.095 billion or $1.38 per diluted share for the first quarter of 2014. The first quarter of 2015 had a reported net loss of $218 million or $0.28 per basic and diluted share, compared with a loss of $3.4 billion or $4.41 per diluted share for the fourth quarter of 2014 and reported net income of $1.4 billion or $1.75 per basic and diluted share for the first quarter of 2014. The first quarter of 2015 included non-core charges of $249 million, comprised mainly of asset impairment charges for certain domestic and international assets. Net sales were $3,089 million against $4,968 million a year ago. Loss from continuing operations was $215 million or $0.28 per basic and diluted share against income from continuing operations of $1,135 million or $1.43 per basic and diluted share a year ago. Net cash provided by operating activities was $561 million against $2,697 million a year ago. Capital expenditures, net were $1,735 million against $1,731 million a year ago. Capital expenditures were $1,675 million against $1,794 million a year ago. For the first quarter of 2015, total company average daily oil and gas production volumes increased by 72,000 barrels of oil equivalent (BOE) to 645,000 BOE from 573,000 BOE in the first quarter of 2014, which excludes Hugoton production. Total company average daily oil and gas production volumes were 645,000 BOE against 591,000 BOE in the first quarter of 2014. Domestic average daily production increased by 24,000 BOE to 326,000 BOE in the current quarter with the majority of the increase coming from oil production, which grew by 25,000 barrels to 198,000 barrels per day, substantially all coming from Permian Resources. The increase in domestic oil production was partially offset by lower natural gas production in the Midcontinent and Other regions. International average daily production increased to 319,000 BOE in the first quarter of 2015 from 271,000 BOE in first quarter of 2014. Approximately half of the increase resulted from the impact of production-sharing contracts due to the low crude oil price environment, and the remainder from the commencement of production for the Al Hosn Gas Project and operational improvements. Total company average daily sales volumes grew from 562,000 BOE in the first quarter of 2014 to 637,000 BOE in the same period of 2015. Sales volumes were lower than production volumes mainly due to the timing of liftings in Iraq, which have resumed in the second quarter. The company expects its interest expense to rise to about $42 million in the second quarter from $28 million in the first quarter as the start of Al Hosn reduces its capitalized interest. The company expects its total capital spending for the year to be below its original guidance of $5.8 billion. The company has raised its full year 2015 guidance for production growth to a range of 60,000 to 80,000 BOE per day, an increase of 20,000 BOE per day versus its previous guidance. The company expects full year production in Permian Resources to be in the range of 105,000 and 108,000 BOE per day, a year-over-year increase of more than 40%.

Occidental Petroleum Corporation Announces Management Changes

Occidental Petroleum Corporation announced that its board of directors has approved a CEO succession plan and promoted Vicki A. Hollub to Senior Executive Vice President of Occidental and President of Oxy Oil and Gas, responsible for operations in the United States, Middle East region and Latin America. The board plans for Ms. Hollub, who has served as Executive Vice President of the company and President, Oxy Oil and Gas Americas, since 2014, to succeed Stephen I. Chazen as CEO of the company after a thorough transition period.

 

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OCPET Competitors

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Industry Analysis

OCPET

Industry Average

Valuation OCPET Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.4x
Price/Book 1.7x
Price/Cash Flow 5.9x
TEV/Sales 2.9x
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