Occidental Petroleum
About: Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2023, the company reported net proved reserves of nearly 4 billion barrels of oil equivalent. Net production averaged 1,234 thousand barrels of oil equivalent per day in 2023 at a ratio of roughly 50% oil and natural gas liquids and 50% natural gas.
Employees: 12,570
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
20% more repeat investments, than reductions
Existing positions increased: 478 | Existing positions reduced: 400
4% less capital invested
Capital invested by funds: $47B [Q1] → $45B (-$1.95B) [Q2]
1.63% less ownership
Funds ownership: 82.19% [Q1] → 80.56% (-1.63%) [Q2]
2% less funds holding
Funds holding: 1,215 [Q1] → 1,194 (-21) [Q2]
16% less first-time investments, than exits
New positions opened: 112 | Existing positions closed: 133
23% less funds holding in top 10
Funds holding in top 10: 30 [Q1] → 23 (-7) [Q2]
32% less call options, than puts
Call options by funds: $1.87B | Put options by funds: $2.76B
Research analyst outlook
17 Wall Street Analysts provided 1 year price targets over the past 3 months
17 analyst ratings
Susquehanna Biju Perincheril 32% 1-year accuracy 20 / 63 met price target | 47%upside $77 | Positive Maintained | 18 Oct 2024 |
B of A Securities Jean Ann Salisbury 50% 1-year accuracy 1 / 2 met price target | 9%upside $57 | Neutral Reinstated | 17 Oct 2024 |
Scotiabank Paul Cheng 15% 1-year accuracy 5 / 33 met price target | 24%upside $65 | Sector Outperform Maintained | 10 Oct 2024 |
BMO Capital | 24%upside $65 | Market Perform Maintained | 4 Oct 2024 |
Barclays Betty Jiang 43% 1-year accuracy 9 / 21 met price target | 11%upside $58 | Equal-Weight Maintained | 3 Oct 2024 |
Financial journalist opinion
Based on 58 articles about OXY published over the past 30 days
