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Occidental Petroleum

 

Buy Occidental Petroleum stocks and shares

OCCIDENTAL PETROLEUM (OXY) Stocks

ABOUT OCCIDENTAL PETROLEUM

? Occidental Petroleum Corporation (OXY), a multinational petrochemical company organized in Delaware, was incorporated on April 9, 1986, and is headquartered in Houston, Texas, in the United States.

Oxy is an international oil and gas exploration and production company. It operates in the U.S., Middle East and Latin America. It is one of the biggest oil and gas companies in the U.S., based on equity market capitalization. The company purchases, markets, gathers, processes, transports and stores hydrocarbons and other commodities. OxyChem, a wholly-owned subsidiary, is a leading U.S. chemical manufacturer.

Oxy’s success is based on its technical expertise, business acumen and strong partnerships. The company is renowned for its ability to deliver lasting results. It is respectful of the environment in which it operates. It is also fully committed to safe operations worldwide, and takes its corporate social responsibility very seriously.

The company’s oil and gas operations are divided into three geographical areas: the U.S., Middle East and Columbia. At the end of 2018, Occidental oil equivalent net proved reserves stood on 2.792 billion barrels. Of these, 57% was petroleum, 25% natural gas, and 18% natural gas liquids. The company’s production during 2018 was 658 000 barrels of oil equivalent per day.

Occidental has domestic upstream oil and gas operations in Texas and New Mexico, with international operations in Columbia, Bolivia, Oman, Qatar and the United Arab Emirates (UAE). Today, the company employs approximately 11 000 people across its operations worldwide.

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OVERVIEW OF OCCIDENTAL PETROLEUM

  • Occidental Petroleum conducts its operations through three major segments: oil and gas, chemical (OxyChem), and midstream and marketing.
  • Oil and gas explore for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas. The chemical segment – through its OxyChem subsidiary – manufactures and markets basic chemicals and vinyls. Midstream and marketing collect process, transport, store, buy and market oil, condensate, natural gas liquids (NGLs), natural gas, carbon dioxide (CO2) and power. It also trades around its assets, such as transportation and storage capacity. This segment also invests in entities that conduct similar activities.
  • Occidental’s oil and gas operations in the U.S are located in the Permian Basin. In 2018, it produced 372 000 barrels of oil equivalent daily, which represents 57% of its global production. Its oil and gas operations in the Middle East are located in Oman, Qatar and the UAE. In 2018, this region produced 286 000 barrels per day, representing 43% of global production. The company is the largest independent oil producer in Oman, and the second-largest producer offshore. It also owns a stake in the Dolphin Gas Project which supplies gas to Oman and the UAE. Occidental also produced 31 000 barrels of oil equivalent per day (from the Caño Limón oilfield) in Columbia in 2018, representing 5% of total productions.
  • The company’s subsidiary, OxyChem, produces polyvinyl chloride (PVC) resins, chlorine and sodium hydroxide used in plastics, pharmaceuticals and water-treatment chemicals. Other products include potash, chlorinated organics, sodium silicates, chlorinated cyanuric acid, and calcium chloride. Its manufacturing facilities are located in the U.S., Canada and Chile. OxyChem also owns a stake – in a joint venture with Church & Dwight – in Armand Products Company, which sells potassium carbonate and potassium bicarbonate.
  • The midstream and marketing division invests in – and operates – pipeline systems, gas plants, co-generation facilities and storage facilities. The company’s domestic pipeline business ensures that its pipeline and gathering systems connect various production areas to multiple market locations.

VALUES OF OCCIDENTAL PETROLEUM

  • Occidental Petroleum strives to be a trusted partner in all of its operations. The company is recognized for its expertise, experience and ability to achieve success through collaboration.
  • The company is committed to safe operations, respecting the environment and accountability in all of its operations. It develops energy resources in a manner that is profitable and responsible to maximize value for its clientele and shareholders.

MARKET PERFORMANCE OF OCCIDENTAL PETROLEUM

  • Occidental Petroleum Corporation trades on the New York Stock Exchange (NYSE) under the stock symbol “OXY”.
  • The company is ranked #220 on the Fortune 500 and was the 9th largest petroleum producer in Texas in 2018. Its satisfactory performance in the market affords shareholders the confidence to buy or sell company shares in the expectation of solid dividends and returns.
  • In 2018, the company recorded revenue of USUS Dollar 17.824 billion and net income of USUS Dollar 4.131 billion. Its assets were valued at USUS Dollar 43.854 billion.

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LATEST NEWS OCCIDENTAL PETROLEUM

Buy OCCIDENTAL PETROLEUM stocks / shares – A Step by Step Guide how to Buy / Purchase OCCIDENTAL PETROLEUM Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy OCCIDENTAL PETROLEUM Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN OCCIDENTAL PETROLEUM STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE OCCIDENTAL PETROLEUM STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of OCCIDENTAL PETROLEUM stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy OCCIDENTAL PETROLEUM stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

Read more about : MORGAN STANLEY STOCKS

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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