Berkshire Hathaway and Occidental Petroleum have been working together for years. Oxy selling Berkshire its chemicals business is likely to be a win for both companies in the long term.
Four oil giants all pay dividends, but when crude prices drop, their balance sheets tell very different stories about which payouts survive and which ones get cut to the bone.
HOUSTON, Oct. 01, 2026 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) will announce its third quarter 2026 financial results after close of market on Monday, November 9, 2026, and will hold a conference call to discuss the results on Tuesday, November 10, 2026, at 1 p.m. Eastern/12 p.m.
Ongoing macroeconomic shifts have renewed the relevance of Ray Dalio's all-weather portfolio. Suncor Energy is favored over Occidental Petroleum under the AWP framework due to its ex-US geographical exposure and commodity price sensitivity. SU derives over 87% of revenue outside the US (mostly from Canada), contrasting OXY's US-centric profile.
Wall Street analysts reshuffled their bets on energy giants, homebuilders, and emerging space plays on Thursday, and the moves cut in some surprising directions for names investors thought they had figured out.
Occidental Petroleum (OXY) rose 0.87% in premarket after Goldman Sachs (GS) upgraded the stock to Buy from Neutral and lifted its price target to $69 from $63.
Occidental Petroleum stands out as a wildcard amid challenging oil industry conditions. High interest rates and declining shale inventories constrain industry capital expenditures and future supply. Oil prices are likely to remain around $80 due to unsatisfied demand by 2028 and beyond.