Occidental Petroleum
Occidental Petroleum

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, Africa, and Latin America. The company operates through three segments: Oil and Gas, Chemical, and Marketing and Midstream. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. It...
Founded: 1920
Full Time Employees: 11,800
CEO: Vicki Hollub  (May 2016~)
Sector: Energy
Industry: Oil & Gas E&P
Next Earnings Date: 2023-02-23
Stock price: $68.21 (-0.85%)
By: tachyon Very lazy guy   💬 23   
   on Nov 17, 2022

This is just a traditional business that makes a lot of money thanks to the Russia-Ukrainian war. So the medium term outlook should still be ok. $bp $shel $cvx $oxy

Topping pattern for energy stocks
By: tippiebot lazy guy    
   on Sep 14, 2022

In case you haven't noticed this is a topping pattern and $OXY failed to go higher and formed a second top. At the same time oil also failed to make new highs in 4 months and it's not apparent that Putin has much else he can do for oil price to justify staying at the same level.

OPEC+ Meeting Delayed on New Saudi, Russia Rift
By: raspberry lazy guy   💬 31   
   on Apr 04, 2020

For those who chased oil or Friday this might not be a good news for you. $BP $XOM $OXY $COP $TOT

OXY occidental petroleum
By: ssmlee04 Community Lead :))   💬 98   
   on Mar 09, 2020

Oil dropped around 30% today. So sorry for Buffett this one works only when oil price stays above 60. This won’t work well when oil price gets crashed to around 30 USD per barrel. ::


Things that I do in since late December 2019
By: ssmlee04 Community Lead :))   💬 98   
   on Feb 06, 2020

December 2019 and January 2020 has been good to me. I was able to snatch a fast 20% in Canopy, 20% in Occidental Petroleum and around 30% in Datadog. I am usually not this lucky so I am convinced that we must be in a bull market.

I try to stay away from the market and do not trade as much as possible because what I learn in the past is the more I trade the more likely I will make a mistake. Also, I'd be paying for more commissions. This is also true for me in my Canopy trade.

I was in Canopy around $14.8 and left around $18. I think the future of cannabis industry is good and people wouldn't mind spending a bit of money on weed as they do for alcohol and tobacco. That's what my colleagues do every Friday. But since there's no evidence that the government would help them achieve economy of scale and compete with US cannabis companies I am a bit worried that they would be burning their money just like Aurora did. So even if they have 2b cash at hand I still don't feel comfortable holding this long term. Also, they have an inter-rim CEO for so long and there's no guarantee they would find a good CEO and continue running this business. So I decided maybe I'll take a 20% profit and go. And then the next Monday Canopy just announced they would have a new CEO and replace the interim CEO. But I was already out of Canopy and hasn't got in since. We will see if it ever drops to $18 again and maybe I'll buy a little bit. $CGC

Occidental Petroleum $OXY is a stock recommendation from a friend. Buffett backed their acquisition for 10b earlier 2019. In my opinion if your average price is lower than or equal to Buffett's average price you should be OK. Got in around $38 and luckily sold around $47. I didn't want to sell it because I have no reason to believe it would drop. But I ended up switching them to Shake shack $SHAK which is a good burger company in the states. I didn't profit on Shak shake but ended up avoiding the 20% drop in OXY in the next while.

I am also in Datadog for a while. The trading in this ticker has also been choppy. DD is a service that I had to use to monitor my software infrastructure. It's easy to use service to draw some time-series data for you to virtualize how your infrastructure does. I was in this since near IPO and buy and took stop loss a few times but the last time I got in is around $35. Earnings would arrive in a few days and let's see how this would play out. $DDOG

I also go in twice on $APT because I am convinced the coronavirus is going to be bad. This was at a point look like a spanish-flu like event so I was convinced and bought a bit of this mask making company. I tried to buy ficial masks on Amazon but they're all sold out so I decided maybe buying a mask company isn't the worst idea. I ended up around break even. Now it all looks like a hype only.

January has been interesting so far, let's see how it goes in February. Currently, I am looking at I find their service interesting and possibly sticky. It also did great since the IPO. Does anyone know what do they do?

OXY opinion and observations
By: ssmlee04 Community Lead :))   💬 98   
   on Dec 22, 2019

Insider has been buying since a while ago. Buffett is also backing it with 10b. Also the dividend yield is at a very high 8%. This might be a good play if energy price stabilizes.