Occidental Petroleum Corporation (OXY) New York Stock Exchange
52.76-0.99-1.84%
CloseMay 17, 2019

News: updated – 18-May 12:25


Occidental overpaying for Anadarko, Argus analyst says in downgrade16-May 12:58(SeekingAlpha)

Occidental Petroleum ( OXY -0.5% ) is downgraded to Hold from Buy at Argus following OXY’s $76/share purchase of Anadarko Petroleum, saying the company is overpaying for the assets with a bid well above Chevron’s $65/share offer. More news on: Occidental Petroleum Corporation, Energy s…

Occidental’s Purchase Of Anadarko Isn’t A Permian Oil Purchase16-May 09:48(SeekingAlpha)

The competition between Occidental ( OXY ) and Chevron ( CVX ) to buy Anadarko Petroleum ( APC ) lit up news boards and markets everywhere during the last month. Occidental won the company at a price tag of $38 billion. In some places, the competition was styled as an effort to attain dominanc…

Occidental’s Big Mistake: Overpaying For Resources In An Age Of Energy Abundance16-May 06:54(SeekingAlpha)

Occidental Petroleum’s ( OXY ) stock has been heading lower ever since it started bidding for Anadarko Petroleum ( APC ). It’s now trading at the same level it was back in May of 2007. Interestingly enough, so is Exxon Mobil ( XOM ). And for the same reason: overpaying for resources in a…