Occidental Petroleum 2046 usd 4.40% isin US674599CJ22
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shark2007
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shark2007
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News
HOUSTON — April 13, 2020 — Occidental Petroleum Corporation (NYSE:OXY) will announce its first quarter 2020 financial results after close of market on Tuesday, May 5, 2020, and will hold a conference call to discuss results on Wednesday, May 6, 2020, at 11 a.m. Eastern/10 a.m. Central.
HOUSTON — April 13, 2020 — Occidental Petroleum Corporation (NYSE:OXY) will announce its first quarter 2020 financial results after close of market on Tuesday, May 5, 2020, and will hold a conference call to discuss results on Wednesday, May 6, 2020, at 11 a.m. Eastern/10 a.m. Central.
shark2007
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Sic et simpliciter...
Nuovo max relativo odierno (stamane) a $70... +6%...
Nuovo max relativo odierno (stamane) a $70... +6%...
shark2007
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Buongiorno shark...ho acquistato anch'io queste a marzo PMC circa 53...sono indeciso, volevo cedolare ma adesso il gain è gia ottimo. Tu cosa consigli. Purtroppo acquistato solo 10000$...col senno di poi troppo facile...
Posso dirti quel che ho intenzione di fare io:... manterrò il 50% dei titoli nel ptf almeno fino al ritorno delle quotazioni al nominale ($100).
Col restante 50% proverò a fare trading, ma non prima di aver visto $80.
Nel frattempo (6-8 settimane) vedremo probabilmente oscillazioni ampie delle quotazioni in scia ai prezzi del barile di greggio.
shark2007
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shark2007
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Report
https://www.finanzaonline.com/notizie/petrolio-wti-collassa-ancora-crollo-di-quasi-20-sotto-quota-15
Speculazione infinita sui futures del petrolio.
https://www.finanzaonline.com/notizie/petrolio-wti-collassa-ancora-crollo-di-quasi-20-sotto-quota-15
Speculazione infinita sui futures del petrolio.
shark2007
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Report 1Q 2020
[h=1]Occidental Announces 1st Quarter 2020 Results[/h]Tuesday, May 5, 2020 4:15 pm EST
“As the world battles this pandemic, we are focused on preserving the health and safety of our employees and contractors while taking aggressive action to ensure our long-term financial stability. We have identified an additional $1.2 billion in operating and corporate cost savings and reduced our full-year capital budget to between $2.4 billion to $2.6 billion, while protecting the integrity of our assets,” said President and Chief Executive Officer Vicki Hollub. “Our leadership as a low-cost operator, track record of operational excellence and portfolio of world-class assets are competitive advantages that position us for success when market conditions eventually improve.”
Total average daily production volume of 1,416 thousands of barrels of oil equivalent per day (Mboed) for the first quarter exceeded the midpoint of guidance by 31 Mboed, with Permian Resources production of 474 Mboed due to continued improvement in time-to-market and well performance. International average daily production volumes of 241 Mboed came in at the high end of guidance. For the first quarter of 2020, average WTI and Brent marker prices were $46.17 per barrel and $50.95 per barrel, respectively. Average worldwide realized crude oil prices decreased by 16 percent from the prior quarter to $47.08 per barrel. Average worldwide realized NGL prices decreased by 28 percent from the prior quarter to $12.82 per BOE. Average domestic realized gas prices decreased by 27 percent from the prior quarter to $1.18 per Mcf.
[h=1]Occidental Announces 1st Quarter 2020 Results[/h]Tuesday, May 5, 2020 4:15 pm EST
- Enhanced short-term resilience through extensive capital spending and cost reductions
- Continued to reduce 2020 capital program; greater than 50 percent from initial program to between $2.4 billion - $2.6 billion
- Identified $1.2 billion in operating and overhead cost reductions to be realized in 2020 in addition to achieving $1.1 billion overhead and operating expense synergy target one year ahead of schedule
- First quarter combined production of 1,416 Mboed from continuing operations, exceeding prior guidance midpoint by 31 Mboed
- Permian Resources exceeded guidance, producing 474 Mboed
- Continued operational excellence through record drilling and completion times
- Exceeded pre-tax income guidance for both OxyChem and Midstream and Marketing segments
- In light of the market disruption caused by COVID-19, full-year 2020 guidance has been withdrawn
“As the world battles this pandemic, we are focused on preserving the health and safety of our employees and contractors while taking aggressive action to ensure our long-term financial stability. We have identified an additional $1.2 billion in operating and corporate cost savings and reduced our full-year capital budget to between $2.4 billion to $2.6 billion, while protecting the integrity of our assets,” said President and Chief Executive Officer Vicki Hollub. “Our leadership as a low-cost operator, track record of operational excellence and portfolio of world-class assets are competitive advantages that position us for success when market conditions eventually improve.”
QUARTERLY RESULTSOil and Gas
Oil and gas pre-tax income for the first quarter was $179 million, compared to $921 million for the fourth quarter of 2019. First quarter results were impacted by the steep decline in oil prices in March triggered by a significant drop in oil demand as governments around the world implemented measures to contain the spread of COVID-19. The first quarter results included approximately $1.0 billion of mark-to-market gains on crude oil hedges, partially offset by $580 million of impairment and related charges mainly related to proved and unproved properties in the U.S. and in Oman. Excluding the mark-to-market gain and impairment charges, the decrease in first quarter results reflected lower commodity prices and higher depreciation, depletion and amortization rates.Total average daily production volume of 1,416 thousands of barrels of oil equivalent per day (Mboed) for the first quarter exceeded the midpoint of guidance by 31 Mboed, with Permian Resources production of 474 Mboed due to continued improvement in time-to-market and well performance. International average daily production volumes of 241 Mboed came in at the high end of guidance. For the first quarter of 2020, average WTI and Brent marker prices were $46.17 per barrel and $50.95 per barrel, respectively. Average worldwide realized crude oil prices decreased by 16 percent from the prior quarter to $47.08 per barrel. Average worldwide realized NGL prices decreased by 28 percent from the prior quarter to $12.82 per BOE. Average domestic realized gas prices decreased by 27 percent from the prior quarter to $1.18 per Mcf.
OxyChem
Chemical pre-tax income for the first quarter of $186 million exceeded guidance by $36 million. Compared to prior quarter income of $119 million, the increase in first quarter income was primarily due to stronger chlor-alkali sales volumes and favorable feedstock costs, primarily ethylene and natural gas, partially offset by lower realized caustic soda pricing.Midstream and Marketing
Midstream and marketing pre-tax loss for the first quarter was $1.3 billion, compared to a loss of $769 million for the fourth quarter of 2019. First quarter pre-tax loss included $1.4 billion of impairment charges on the goodwill related to Occidental's equity investment in WES and equity losses from WES's impairments of its goodwill. The goodwill impairments were the result of the significant drop in the market value of WES's unit price during the first quarter. Excluding these charges, the decrease reflected lower income from WES, losses on imbalance provisions due to the decline in crude oil prices and lower Dolphin Pipeline income due to planned maintenance, partially offset by mark-to-market gains in the marketing business.Supplemental Non-GAAP Measure
This press release refers to adjusted income (loss), a supplemental measure not calculated in accordance with generally accepted accounting principles in the United States (GAAP). A definition of adjusted income (loss) and a reconciliation to net income (loss), the comparable GAAP financial measure, is included in the financial schedules of this press release. Occidental’s definition of adjusted income (loss) may differ from similarly titled measures provided by other companies in our industry and as a result may not be comparable.About Occidental
Occidental is an international energy company with operations in the United States, Middle East and Latin America. We are the largest onshore oil producer in the U.S., including in the Permian Basin, and a leading offshore producer in the Gulf of Mexico. Our midstream and marketing segment provides flow assurance and maximizes the value of our oil and gas. Our chemical subsidiary OxyChem manufactures the building blocks for life-enhancing products. Our Oxy Low Carbon Ventures subsidiary is advancing leading-edge technologies and business solutions that economically grow our business while reducing emissions. We are committed to using our global leadership in carbon dioxide management to advance a lower-carbon world. Visit oxy.com for more information.
shark2007
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L`Arabia Saudita estende i tagli di produzione
L`Arabia Saudita ha annunciato che intensificherà volontariamente i tagli alla produzione di petrolio a partire da giugno a seguito del calo della domanda dovuta ai blocchi per contenere la pandemia di coronavirus. L`Arabia Saudita aggiungerà 1 milione di barili al giorno (bpd) - pari all`1% dell`offerta globale - ai tagli precedentemente annunciati. In giugno la produzione saudita scenderebbe a 7.5 mn bpd - la più bassa da due decenni - in riduzione di circa 4.8 mn bpd rispetto ai livelli di aprile.
In aprile il cartello del OPEC+ aveva annunciato che il taglio da 9.7 mn bpd sarebbe stato avviato dal 1 maggio fino a fine giugno per poi scendere a 7.7 mn bpd fino a fine anno e 5.8 mn bpd per 16 mesi da gennaio 2021 a fine aprile 2022.
Riteniamo che l`accordo sui tagli possa stabilizzare il prezzo spot del greggio in un intorno di USD30-35/bbl, mentre siamo più ottimisti sui prezzi 2021/22 data la durata dei tagli che arrivano sino al 2022.
L`Arabia Saudita estende i tagli di produzione
L`Arabia Saudita ha annunciato che intensificherà volontariamente i tagli alla produzione di petrolio a partire da giugno a seguito del calo della domanda dovuta ai blocchi per contenere la pandemia di coronavirus. L`Arabia Saudita aggiungerà 1 milione di barili al giorno (bpd) - pari all`1% dell`offerta globale - ai tagli precedentemente annunciati. In giugno la produzione saudita scenderebbe a 7.5 mn bpd - la più bassa da due decenni - in riduzione di circa 4.8 mn bpd rispetto ai livelli di aprile.
In aprile il cartello del OPEC+ aveva annunciato che il taglio da 9.7 mn bpd sarebbe stato avviato dal 1 maggio fino a fine giugno per poi scendere a 7.7 mn bpd fino a fine anno e 5.8 mn bpd per 16 mesi da gennaio 2021 a fine aprile 2022.
Riteniamo che l`accordo sui tagli possa stabilizzare il prezzo spot del greggio in un intorno di USD30-35/bbl, mentre siamo più ottimisti sui prezzi 2021/22 data la durata dei tagli che arrivano sino al 2022.
shark2007
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Occidental Issues Statement Regarding Agreement With Total
HOUSTON – May 18, 2020 – Occidental Petroleum Corporation (NYSE: OXY) today issued the following statement regarding its agreement with Total to acquire Anadarko’s assets in Africa:
In August 2019, Total and Occidental entered into a Purchase and Sale Agreement in order for Total to acquire Anadarko’s assets in Africa. Under this agreement, Total and Occidental have since completed the sale and purchase of the Mozambique and South Africa assets.
The purchase and sale agreement provided that the sale of the Ghana assets was conditional upon the completion of the Algeria assets’ sale. Occidental has informed Total that, as part of an understanding with the Algerian authorities on the transfer of Anadarko’s interests to Occidental, Occidental would not be in a position to sell its interests in Algeria to Total.
Total has informed Occidental that it is not interested in purchasing Anadarko’s interests in Ghana in the current circumstances. Because the purchase and sale agreement expires in September, Total and Occidental have executed a waiver of the obligation to purchase and sell the Ghana assets, so that Occidental can begin marketing the sale of the Ghana assets to other third parties. These assets in Ghana are world class and function economically well at low oil prices with upside potential over the long term.
Article
Occidental Issues Statement Regarding Agreement With Total
HOUSTON – May 18, 2020 – Occidental Petroleum Corporation (NYSE: OXY) today issued the following statement regarding its agreement with Total to acquire Anadarko’s assets in Africa:
In August 2019, Total and Occidental entered into a Purchase and Sale Agreement in order for Total to acquire Anadarko’s assets in Africa. Under this agreement, Total and Occidental have since completed the sale and purchase of the Mozambique and South Africa assets.
The purchase and sale agreement provided that the sale of the Ghana assets was conditional upon the completion of the Algeria assets’ sale. Occidental has informed Total that, as part of an understanding with the Algerian authorities on the transfer of Anadarko’s interests to Occidental, Occidental would not be in a position to sell its interests in Algeria to Total.
Total has informed Occidental that it is not interested in purchasing Anadarko’s interests in Ghana in the current circumstances. Because the purchase and sale agreement expires in September, Total and Occidental have executed a waiver of the obligation to purchase and sell the Ghana assets, so that Occidental can begin marketing the sale of the Ghana assets to other third parties. These assets in Ghana are world class and function economically well at low oil prices with upside potential over the long term.
Article
shark2007
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Occidental Announces Dividend
Friday, May 29, 2020 1:28 PM EST
HOUSTON – May 29, 2020 – Occidental Petroleum Corporation (NYSE:OXY) said today that its Board of Directors has declared a regular quarterly dividend of $0.01 per share on common stock payable on July 15, 2020, to stockholders of record as of June 15, 2020. This is an update to the company’s previously announced dividend policy change from March 10, 2020, which reduced the quarterly dividend to $0.11 per share.
P.S.
Occidental Petroleum riduce ulteriormente il dvd trimestrale ad un simbolico $0,01 ossia lo decurta di nuovo dopo aver annunciato in data 10.03.2020 una riduzione a $0,11.
La decisione rientra nel quadro di provvedimenti drastici adottati sia per contenere le spese aziendali, sia per ridurre il pesante debito finanziario esistente.
Nel frattempo, le quotazioni del WTI si attestano attorno ai $35, ben sopra il livello di pareggio di OXY calcolato a $30, escluse le varie coperture finanziarie.
Occidental Announces Dividend
Friday, May 29, 2020 1:28 PM EST
HOUSTON – May 29, 2020 – Occidental Petroleum Corporation (NYSE:OXY) said today that its Board of Directors has declared a regular quarterly dividend of $0.01 per share on common stock payable on July 15, 2020, to stockholders of record as of June 15, 2020. This is an update to the company’s previously announced dividend policy change from March 10, 2020, which reduced the quarterly dividend to $0.11 per share.
P.S.
Occidental Petroleum riduce ulteriormente il dvd trimestrale ad un simbolico $0,01 ossia lo decurta di nuovo dopo aver annunciato in data 10.03.2020 una riduzione a $0,11.
La decisione rientra nel quadro di provvedimenti drastici adottati sia per contenere le spese aziendali, sia per ridurre il pesante debito finanziario esistente.
Nel frattempo, le quotazioni del WTI si attestano attorno ai $35, ben sopra il livello di pareggio di OXY calcolato a $30, escluse le varie coperture finanziarie.
Ultima modifica:
Nababbo Natale
MONEY FOR NOTHING
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Benissimo........le ho acquistate venerdì a 65 con il ricavato della vendita della Ford 2031 con la speranza di rifare un giro analogo, considerato che pochi mesi fa erano a 100.......
shark2007
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Infatti, prima del lockdown e soprattutto prima dell'improvvisa crisi del greggio, il bond quotava stabilmente nel range $100-105... poi nel corso del lockdown e della crisi del greggio è crollato in poche settimane ad un minimo attorno a $55... Ora sta lentamente recuperando in scia alla risalita delle quotazioni del WTI...
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Occidental is sued by shareholders, bondholders over Anadarko merger - Reuters
Fatti già noti e scontati?
Fatti già noti e scontati?
shark2007
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Noti sì, scontati lo può dire solo il mercato... e per ora sembrerebbe che sia il titolo azionario, sia i bond stanno recuperando gradualmente dai minimi di aprile.