L'intérêt à découvert pour Occidental Petroleum donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de Occidental Petroleum. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

Occidental Petroleum (NYSE:OXY) Stock, Rapport sur les intérêts à découvert

Occidental Petroleum

Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2023, the company reported net proved reserves of nearly 4 billion barrels of oil equivalent. Net production averaged 1,234 thousand barrels of oil equivalent per day in 2023 at a ratio of roughly 50% oil and natural gas liquids and 50% natural gas.

Occidental Petroleum Corporation Common Stock

Occidental Petroleum Corp

Oxygen - United States Dollar

Occidental Petroleum Corporation Warrants

OCCIDENTAL PETROLEUM ORD

<p>When navigating a changing business cycle, such as today&#39;s triggered by the Federal Reserve (the Fed) cutting interest rates, investors should focus on fundamentals and keeping a risk-to-reward profile that favors their portfolios in the coming quarters. For this reason, stocks that trade near their 52-week lows are a great place to start looking for potential value and recovery plays.</p>
<p>There are those who believe that stocks will trade down for a reason, and while they may be right, that isn&#39;t always the case; otherwise, value investors like Warren Buffett would have been out of business a long time ago. Fitting the list of 52-week low stocks are names like <strong>FedEx Co.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fdx#NYSE">FDX</a>) after a recent earnings sell-off to represent the transportation sector, coupled with another transport stock being beaten down for a while now, and <strong>Boeing Co.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>).</p>
<p>To diversify away from the transportation sector, which is highly tied to the business cycle, investors can look to the energy sector, this time at a Buffett favorite. Shares of <strong>Occidental Petroleum Co.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oxy#NYSE">OXY</a>) are down despite the news of Buffett buying out, and that creates enough of a sentiment divergence for investors to start digging into the possibility of a pending recovery.</p>
<h2><strong>Why FedEx Stock Has No Reason to Stay at Its Lows Today</strong></h2>
<p>After the company reported a slower-than-expected quarter, FedEx stock crashed lower by as much as 17% from its previous highs. However, many market participants felt comfortable with buying the dip, as judged by the quick recovery, which brought the stock higher by 7.5% within the week.</p>
<p>Investors should look deeper into FedEx stock because management has realized what needs to be done to navigate the new business cycle, which is bringing lower business shipping demand as activity slows down. One gauge investors can use for FedEx&#39;s potential activity is the manufacturing PMI index.</p>
<p>As the Fed just cut interest rates, the potential for the index to bottom and start to expand again is higher than the potential for it to remain at current lows. Knowing that the risk-to-reward scale is starting to tilt in favor of buyers, Wall Street analysts have remained bullish on FedEx&#39;s future.</p>
<p>Those at Stephens think that FedEx stock is worth up to $350 a share, calling for a net upside of 27.2% from where the stock trades today. Even bearish traders decided to stay away from FedEx stock despite the recent sell-off, as short interest declined by 8.5% over the past month alone to signal bearish capitulation.</p>
<h2><strong>Buyers Are Slowly Returning to Boeing Stock at Its Lows: Is a Rebound Coming?</strong></h2>
<p>The average volume for Boeing stock is 8 million shares, but over the past week, this metric has risen to 18 million shares. Just like any product that attracts more activity as lower prices are taken as a discount, investors can interpret this as market sentiment voting for Boeing being on the cheaper end.</p>
<p>As interest rate cuts make their way through the global economy, investors can safely assume that travel demand may be on the rise, and that&#39;s where Boeing stock comes into play. The company recently sent out a press release quoting the upcoming Chinese demand for the next decade, looking to grow at high single-digits.</p>
<p>China also cut interest rates by 50 basis points, creating more tailwinds for future aircraft demand and leaving Boeing with up to $515.8 billion worth of backlog orders on the back of these growing trends. Realizing that these orders will eventually turn into revenue and earnings, Wall Street analysts are reflecting this trend in earnings per share (EPS) forecasts.</p>
<p>Analysts think Boeing could deliver up to $1.16 in EPS next year, significantly better than today&#39;s net loss of $2.9 per share. These tailwinds and forecasts drove price targets higher, as those at Jefferies Financial now value Boeing stock at $240 a share, or nearly 60% higher than today&#39;s prices.</p>
<h2><strong>Could Buffett Buy More Occidental Petroleum to Shake Off the Bears?</strong></h2>
<p>Now that Occidental Petroleum stock trades at only 72% of its 52-week high, investors might expect Warren Buffett to add to his now-losing position. As the tension grows around this possibility, the stock&#39;s short interest has declined by 2.7% in the past month and has been on a downtrend during the past quarter.</p>
<p>The main reason the stock is compressed today is the current oil price, which has struggled to remain above $70 consistently, significantly capping the company&#39;s earning potential. However, this shift in sentiment is starting to spill over to Wall Street, as more analysts see double-digit upside for Occidental stock in the coming months.</p>
<p>Those at Mizuho and Susquehanna see a respective $72 and $78 price target on Occidental Petroleum stock, which calls for as much upside as 53.5% now that the stock trades near its 52-week low. Again, as interest rate cuts work their way through the economy, business demand could trigger a new oil cycle higher.</p>
<p>Other oil stocks higher in the value chain, like <strong>Chesapeake Energy Co.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chk#NASDAQ">CHK</a>), have taken off by over 20% recently on these expectations, so it is a matter of time before Occidental follows with a similar double-digit rally.</p>
<p>The article &quot;<a href="https://www.marketbeat.com/stock-ideas/time-to-buy-these-3-stocks-are-trading-at-52-week-lows/">Time to Buy? These 3 Stocks Are Trading at 52-Week Lows</a>&quot; first appeared on MarketBeat.</p>


Earnings

Large Cap

News

Price Target

Markets

Analyst Ratings

Trading Ideas

Time to Buy? These 3 Stocks Are Trading at 52-Week Lows

<p>Goldman Sachs  analyst Neil Mehta   reinstates Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) with a Neutral and announces $55 price target.</p>


Initiation

Goldman Sachs Reinstates Neutral on Occidental Petroleum, Announces $55 Price Target

WIIM

SHEL

Shares of energy stocks are trading higher amid a rise in oil prices after Iran launched a missile attack on Israel.

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Occidental Petroleum</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with OXY, it often means somebody knows something is about to happen.</p>
<p>Today, Benzinga's options scanner spotted 12 options trades for <strong>Occidental Petroleum</strong>.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 50% bullish and 33%, bearish.</p>
<p>Out of all of the options we uncovered, there was 1 put, for a total amount of $34,000, and 11, calls, for a total amount of $629,865.</p>
<h3>Predicted Price Range</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $37.5 to $70.0 for Occidental Petroleum over the recent three months. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>In today's trading context, the average open interest for options of Occidental Petroleum stands at 6769.5, with a total volume reaching 14,642.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Occidental Petroleum, situated within the strike price corridor from $37.5 to $70.0, throughout the last 30 days.</p>
<h3>Occidental Petroleum Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1727793092_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.79</td>
<td>$2.75</td>
<td>$2.75</td>
<td>$55.00</td>
<td>$137.5K</td>
<td>16.7K</td>
<td>5.3K</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$5.45</td>
<td>$5.4</td>
<td>$5.45</td>
<td>$50.00</td>
<td>$108.9K</td>
<td>4.3K</td>
<td>1.4K</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$3.15</td>
<td>$3.05</td>
<td>$3.07</td>
<td>$50.00</td>
<td>$76.7K</td>
<td>5.8K</td>
<td>394</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$3.75</td>
<td>$3.65</td>
<td>$3.7</td>
<td>$52.50</td>
<td>$55.5K</td>
<td>5.5K</td>
<td>234</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$4.95</td>
<td>$4.8</td>
<td>$4.95</td>
<td>$60.00</td>
<td>$53.4K</td>
<td>3.8K</td>
<td>218</td>
</tr>
</tbody>
</table>
</p>
<h3>About Occidental Petroleum</h3>
<p>Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2023, the company reported net proved reserves of nearly 4 billion barrels of oil equivalent. Net production averaged 1,234 thousand barrels of oil equivalent per day in 2023 at a ratio of roughly 50% oil and natural gas liquids and 50% natural gas.</p>
<p>Having examined the options trading patterns of Occidental Petroleum, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Occidental Petroleum's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 6,480,224, the OXY's price is up by 1.82%, now at $52.48. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 35 days.</li>
</ul>
<h3>What The Experts Say On Occidental Petroleum</h3>
<p>5 market experts have recently issued ratings for this stock, with a consensus target price of $65.6.</p>
<p><strong>Turn $1000 into $1270 in just 20 days?</strong></p>
<p>20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.<br />
&#x2A; Maintaining their stance, an analyst from Wells Fargo continues to hold a Equal-Weight rating for Occidental Petroleum, targeting a price of $56.<br />
&#x2A; Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on Occidental Petroleum with a target price of $59.<br />
&#x2A; Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on Occidental Petroleum with a target price of $78.<br />
&#x2A; An analyst from Evercore ISI Group persists with their Underperform rating on Occidental Petroleum, maintaining a target price of $63.<br />
&#x2A; Consistent in their evaluation, an analyst from Mizuho keeps a Neutral rating on Occidental Petroleum with a target price of $72. </p>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Occidental Petroleum with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Options

Occidental Petroleum's Options Frenzy: What You Need to Know

<p>Evercore ISI Group  analyst Stephen Richardson   maintains Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) with a Underperform and lowers the price target from $67 to $63.</p>


Evercore ISI Group Maintains Underperform on Occidental Petroleum, Lowers Price Target to $63

<p>Truist Securities  analyst Neal Dingmann   maintains Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) with a Hold and lowers the price target from $65 to $56.</p>


Truist Securities Maintains Hold on Occidental Petroleum, Lowers Price Target to $56

<p>Wells Fargo  analyst Roger Read   maintains Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) with a Equal-Weight and lowers the price target from $65 to $56.</p>


Wells Fargo Maintains Equal-Weight on Occidental Petroleum, Lowers Price Target to $56

<p>The stock market is about to make a major shift, this time driven by the shift in monetary policy set on by the Federal Reserve (the Fed). After the most recent meeting to decide the new path of interest rates for the United States, Jerome Powell (the Fed chairman) cut interest rates by the most aggressive pace in 16 years.</p>
<p>That means a few things for the stock market, but investors must understand that not all industries will be affected equally. The ones that deserve a second &ndash; or deeper &ndash; look are those that depend on consumer and financial trends, sectors like consumer discretionary and real estate. There&#39;s even a historical tendency for oil prices to do well on lower interest rates. Hence, the energy sector deserves a spot on this list as well.</p>
<p>Within these spaces, names like <strong>Nike Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nke#NYSE">NKE</a>), <strong>Chesapeake Energy Co.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chk#NASDAQ">CHK</a>), and even <strong>SoFi Technologies Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sofi#NASDAQ">SOFI</a>) carry enough reasons to potentially become relative winners in the coming quarters, especially as money and investors begin to shift their preferences to match this new business cycle.</p>
<h2><strong>Consumer Stocks Like Nike Poised for a Comeback with Rate Cuts on the Horizon</strong></h2>
<p>Nike shares have been volatile recently, particularly after the company reported a less-than-spectacular quarter. Leaning on China slowdowns and weakening U.S. consumer sentiment, bears raided Nike stock after the results came out.</p>
<p>However, some on Wall Street saw far ahead enough to pick up this stock at its lows, such as billionaire hedge fund manager Bill Ackman. More than that, analysts at Sanford C. Bernstein see the stock as worth up to $109 a share, calling for up to 32.4% upside from where it trades today.</p>
<p>Reacting to the recent Wall Street bullishness and institutional buying, bears retreated from further selling this stock, as Nike stock&#39;s short interest declined by 14.5% in the past month alone. The stock still trades at only 67% of its 52-week high, leaving enough room for investors to catch a further recovery rally.</p>
<h2><strong>Energy Stocks Are Strong, But Chesapeake Stock Stands Out as the Better Pick</strong></h2>
<p>Over the past month, shares of Chesapeake have gone on a bit of a tear, rallying by as much as 7.5% as front-run expectations for Fed interest rate cuts started to influence the energy sector positively. One big investor who saw this trend coming is Warren Buffett.</p>
<p>Based on this belief, Buffett bought up to 29% of <strong>Occidental Petroleum Co.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oxy#NYSE">OXY</a>), but retail investors have an advantage over mega investors like Buffett. They can choose smaller companies, especially those placed higher in the industry&#39;s value chain and paid first.</p>
<p>Chesapeake Energy stock is one example, and Wall Street knows this. Those at Stephens see a potential bull case in which this stock reaches a valuation of $118 a share, daring it to rally by as much as 53.6% from where it trades today. Considering Chesapeake is still only 83% of its 52-week high, investors have a new reason to call for new highs.</p>
<p>That reason is interest rate cuts, which typically help boost business activity and demand, which rely on oil for manufacturing and transport. As oil prices recover based on these trends, Chesapeake stock might be at the center of the bullish price action, given its place in the value chain for exploration and production.</p>
<h2><strong>Lower Mortgage Rates Could Propel SoFi Stock to New Heights</strong></h2>
<p>Many would-be home buyers are sitting on the sidelines, waiting for more affordable financing rates through more accessible mortgages. Investors should remember that when interest rates come down, so do mortgage rates, enabling new home buyers to enter the market.</p>
<p>This is where SoFi stock comes into play and why Wall Street holds it in such high regard. Now that the stock is down to 80% of its 52-week high, there are a few more tailwinds in place to let investors assume this name could make its way back and even make a new high.</p>
<p>Wall Street analysts forecast up to $0.07 in earnings per share (EPS) in SoFi stock for the next 12 months, up from today&#39;s EPS of $0.01. This is a seven-fold jump in profits, meaning some of the current price targets and valuations might have to be adjusted upward in face of this potential spike.</p>
<p>Those at Dimensional Fund Advisors saw enough reason to boost their holdings in SoFi stock by up to 263.3% as of August 2024, bringing their net investment to $86.5 million today, or 1.2% ownership in the company.</p>
<h2><strong>Wall Street&#39;s Latest Top Pick Comes from a Different Market</strong></h2>
<p>Stanley Druckenmiller (responsible for George Soros&#39; returns) decided to sell out of the U.S. technology sector and sought to relocate his winnings into the bond market. Remember how mortgage rates come down during Fed cuts? So do bond yields.</p>
<p>Just like any other fixed-income product, prices are inversely related to yield, so as bond yields come down, their prices will go up. Investors can copy Druckenmiller&#39;s playbook and check out the <strong>iShares 20+ Year Bond ETF</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tlt#NASDAQ">TLT</a>) for potential exposure.</p>
<p>The ETF has recently declined by roughly 3% from its highs. However, momentum is still bullish enough to suggest further upside from this level, especially as the Fed might keep cutting rates for the next 12 months, bringing the price of bonds higher and higher.</p>
<p>The article &quot;<a href="https://www.marketbeat.com/stock-ideas/4-stocks-set-to-benefit-from-recent-interest-rate-cuts/">4 Stocks Set to Benefit from Recent Interest Rate Cuts</a>&quot; first appeared on MarketBeat.</p>


Financing

Tech

ETFs

SOFI

iShares Trust Barclays 20+ Year Treasury Bond Fund

4 Stocks Set to Benefit from Recent Interest Rate Cuts

<p>Investors with a lot of money to spend have taken a bearish stance on <strong>Occidental Petroleum</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with OXY, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 28 uncommon options trades for Occidental Petroleum.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 32% bullish and 57%, bearish.</p>
<p>Out of all of the special options we uncovered, 3 are puts, for a total amount of $207,995, and 25 are calls, for a total amount of $1,088,878.</p>
<h3>Predicted Price Range</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $35.0 and $70.0 for Occidental Petroleum, spanning the last three months.</p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Occidental Petroleum's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Occidental Petroleum's significant trades, within a strike price range of $35.0 to $70.0, over the past month.</p>
<h3>Occidental Petroleum 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1727296233_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$4.5</td>
<td>$4.4</td>
<td>$4.41</td>
<td>$55.00</td>
<td>$132.3K</td>
<td>21.9K</td>
<td>300</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$9.35</td>
<td>$8.5</td>
<td>$8.5</td>
<td>$55.00</td>
<td>$119.0K</td>
<td>91</td>
<td>145</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$2.76</td>
<td>$2.72</td>
<td>$2.76</td>
<td>$52.50</td>
<td>$78.1K</td>
<td>1.5K</td>
<td>320</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.92</td>
<td>$2.9</td>
<td>$2.9</td>
<td>$52.50</td>
<td>$72.2K</td>
<td>4.8K</td>
<td>1.1K</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.35</td>
<td>$3.25</td>
<td>$3.29</td>
<td>$52.50</td>
<td>$65.8K</td>
<td>4.8K</td>
<td>6</td>
</tr>
</tbody>
</table>
</p>
<h3>About Occidental Petroleum</h3>
<p>Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2023, the company reported net proved reserves of nearly 4 billion barrels of oil equivalent. Net production averaged 1,234 thousand barrels of oil equivalent per day in 2023 at a ratio of roughly 50% oil and natural gas liquids and 50% natural gas.</p>
<p>Having examined the options trading patterns of Occidental Petroleum, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Present Market Standing of Occidental Petroleum</h3>
<ul>
<li>Currently trading with a volume of 11,038,290, the OXY's price is down by -2.37%, now at $51.16. </li>
<li>RSI readings suggest the stock is currently may be oversold.</li>
<li>Anticipated earnings release is in 41 days.</li>
</ul>
<h3>What The Experts Say On Occidental Petroleum</h3>
<p>Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $69.66666666666667.</p>
<p><strong>Turn $1000 into $1270 in just 20 days?</strong></p>
<p>20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.<br />
&#x2A; Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for Occidental Petroleum, targeting a price of $78.<br />
&#x2A; Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on Occidental Petroleum with a target price of $59.<br />
&#x2A; Maintaining their stance, an analyst from Mizuho continues to hold a Neutral rating for Occidental Petroleum, targeting a price of $72. </p>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Occidental Petroleum options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


This Is What Whales Are Betting On Occidental Petroleum

AESI

FANG

GEVO

LBRT

Shares of oil companies are trading higher amid anticipation for potential conflict escalations between Israel-Lebanon and the broader region.

<p>On Friday, <strong>the U.S. Department of Energy (DOE) </strong>announced over $3 billion for 25 projects in 14 states to boost domestic production of advanced batteries and materials.</p>
<p>Of the 25 <a target="_blank" href="https://www.energy.gov/articles/biden-harris-administration-announces-over-3-billion-support-americas-battery#:~:text=WASHINGTON%2C%20D.C.%20%E2%80%94%20As%20part%20of,batteries%20and%20battery%20materials%20nationwide." rel="noreferrer noopener">selected</a> projects, over half have committed to or signed a Project Labor Agreement, and 10 have agreements with labor or neutrality pledges.</p>
<p>Union partners include NABTU, Boilermakers, SMART, Carpenters, Operating Engineers, UFCW, IBEW, and the UA. These projects, once finalized, are expected to create over 8,000 construction jobs and 4,000 operating jobs.</p>
<p>This initiative supports the administration's clean energy strategy alongside a $120 billion private sector investment in the EV supply chain.</p>
<p>These projects, which are essential for the U.S. grid and transportation electrification, are expected to improve facilities for producing battery-grade materials, components, manufacturing, and recycling.</p>
<p>The DOE is leveraging grants and loans to build a resilient battery manufacturing supply chain for Americans. Through MESC, the Investing in America agenda will generate $16 billion for battery manufacturing and recycling via the Battery Materials Processing and Manufacturing Program.</p>
<p>U.S. Secretary of Energy Jennifer M. Granholm said, "We're in the midst of a manufacturing revival in the United States as the Biden-Harris Administration's Investing in America agenda continues to breathe new life into communities and local economies across the country,"</p>
<p>John Podesta, Senior Advisor to President Biden for International Climate Policy, stated,<strong>&nbsp;</strong>"Today's battery manufacturing grants from DOE will boost America's manufacturing base, create good-paying union jobs all over the country, and help tackle the climate crisis."</p>
<p>As per Reuters report, <strong>Albemarle Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>) will receive $67 million for a project in North Carolina to produce commercial quantities of anode material for next-generation lithium-ion batteries.</p>
<p>In addition, the DOE plans to award <strong>Dow Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>) $100 million to produce battery-grade carbonate solvents for lithium-ion battery electrolytes.</p>
<p>Also, <strong>Honeywell International Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) is projected to attain $126.6 million to construct a commercial-scale facility in Louisiana for producing a key electrolyte salt essential for lithium batteries.</p>
<p>This month, <strong>Occidental Petroleum's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>)&nbsp;subsidiary, 1PointFive, disclosed that the U.S. Department of Energy's Office of Clean Energy Demonstrations (OCED) planned to provide up to $500 million to support the development of the <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40850606/occidentals-1pointfive-secures-500m-boost-to-capture-co2-details" rel="noreferrer noopener">South&nbsp;Texas Direct Air Capture (DAC) Hub</a>.</p>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com//node/40961594" target="_blank" rel="noreferrer noopener">Mullen Automotive Gears Up $210M EV Deal In Dubai – Delivers First Units To Volt Mobility</a></strong></li>
</ul>
<p><strong><em>Disclaimer:</em></strong><em> This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.</em></p>
<p><em>Photo by earth phakphum via Shutterstock</em></p>


Equities

Commodities

Legal

US Department Of Energy To Invest $3B in Battery Production

<p>Whales with a lot of money to spend have taken a noticeably bullish stance on <strong>Occidental Petroleum</strong>.</p>
<p>Looking at options history for Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) we detected 9 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 44% with bearish.</p>
<p>From the overall spotted trades, 2 are puts, for a total amount of $203,760 and 7, calls, for a total amount of $659,920.</p>
<h3>Predicted Price Range</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $65.0 for Occidental Petroleum over the last 3 months. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Occidental Petroleum's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Occidental Petroleum's significant trades, within a strike price range of $40.0 to $65.0, over the past month.</p>
<h3>Occidental Petroleum 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726846232_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/19/25</td>
<td>$1.9</td>
<td>$1.8</td>
<td>$1.8</td>
<td>$65.00</td>
<td>$179.8K</td>
<td>73</td>
<td>581</td>
</tr>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$4.8</td>
<td>$4.75</td>
<td>$4.8</td>
<td>$55.00</td>
<td>$142.5K</td>
<td>14.0K</td>
<td>6</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$2.7</td>
<td>$2.7</td>
<td>$2.7</td>
<td>$52.50</td>
<td>$135.0K</td>
<td>1.6K</td>
<td>0</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$5.85</td>
<td>$5.7</td>
<td>$5.7</td>
<td>$55.00</td>
<td>$114.0K</td>
<td>1.2K</td>
<td>203</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$0.98</td>
<td>$0.96</td>
<td>$0.96</td>
<td>$52.50</td>
<td>$96.1K</td>
<td>9.5K</td>
<td>1.5K</td>
</tr>
</tbody>
</table>
</p>
<h3>About Occidental Petroleum</h3>
<p>Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2023, the company reported net proved reserves of nearly 4 billion barrels of oil equivalent. Net production averaged 1,234 thousand barrels of oil equivalent per day in 2023 at a ratio of roughly 50% oil and natural gas liquids and 50% natural gas.</p>
<p>Following our analysis of the options activities associated with Occidental Petroleum, we pivot to a closer look at the company's own performance.</p>
<h3>Present Market Standing of Occidental Petroleum</h3>
<ul>
<li>Trading volume stands at 4,072,063, with OXY's price down by -1.49%, positioned at $51.26.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 46 days.</li>
</ul>
<h3>Expert Opinions on Occidental Petroleum</h3>
<p>Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $69.66666666666667.</p>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.<br />
&#x2A; An analyst from UBS persists with their Neutral rating on Occidental Petroleum, maintaining a target price of $59.<br />
&#x2A; Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for Occidental Petroleum, targeting a price of $78.<br />
&#x2A; Consistent in their evaluation, an analyst from Mizuho keeps a Neutral rating on Occidental Petroleum with a target price of $72. </p>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Occidental Petroleum options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Occidental Petroleum Unusual Options Activity For September 20

<p>UBS  analyst Josh Silverstein   maintains Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) with a Neutral and lowers the price target from $70 to $59.</p>


UBS Maintains Neutral on Occidental Petroleum, Lowers Price Target to $59

<p>Deep-pocketed investors have adopted a bullish approach towards Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in OXY usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 22 extraordinary options activities for Occidental Petroleum. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 68% leaning bullish and 27% bearish. Among these notable options, 4 are puts, totaling $186,333, and 18 are calls, amounting to $1,141,830.</p>
<h3>What's The Price Target?</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $45.0 and $57.5 for Occidental Petroleum, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>In terms of liquidity and interest, the mean open interest for Occidental Petroleum options trades today is 4087.46 with a total volume of 20,477.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for Occidental Petroleum's big money trades within a strike price range of $45.0 to $57.5 over the last 30 days.</p>
<h3>Occidental Petroleum Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726515928_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$1.83</td>
<td>$1.77</td>
<td>$1.82</td>
<td>$55.00</td>
<td>$126.4K</td>
<td>3.1K</td>
<td>1.6K</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$8.1</td>
<td>$8.0</td>
<td>$8.0</td>
<td>$47.50</td>
<td>$112.0K</td>
<td>501</td>
<td>142</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$10.1</td>
<td>$9.9</td>
<td>$10.1</td>
<td>$50.00</td>
<td>$101.0K</td>
<td>988</td>
<td>42</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$1.98</td>
<td>$1.96</td>
<td>$1.98</td>
<td>$55.00</td>
<td>$98.9K</td>
<td>8.8K</td>
<td>1.8K</td>
</tr>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$3.25</td>
<td>$3.2</td>
<td>$3.25</td>
<td>$52.50</td>
<td>$91.6K</td>
<td>3.1K</td>
<td>1</td>
</tr>
</tbody>
</table>
</p>
<h3>About Occidental Petroleum</h3>
<p>Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2023, the company reported net proved reserves of nearly 4 billion barrels of oil equivalent. Net production averaged 1,234 thousand barrels of oil equivalent per day in 2023 at a ratio of roughly 50% oil and natural gas liquids and 50% natural gas.</p>
<p>After a thorough review of the options trading surrounding Occidental Petroleum, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Occidental Petroleum's Current Market Status</h3>
<ul>
<li>With a volume of 7,340,371, the price of OXY is up 0.25% at $51.18. </li>
<li>RSI indicators hint that the underlying stock may be oversold.</li>
<li>Next earnings are expected to be released in 50 days.</li>
</ul>
<h3>What Analysts Are Saying About Occidental Petroleum</h3>
<p>Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $73.33333333333333.</p>
<ul>
<li>Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for Occidental Petroleum, targeting a price of $70. </li>
<li>An analyst from Susquehanna has decided to maintain their Positive rating on Occidental Petroleum, which currently sits at a price target of $78. </li>
<li>An analyst from Mizuho persists with their Neutral rating on Occidental Petroleum, maintaining a target price of $72. </li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Occidental Petroleum, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Behind the Scenes of Occidental Petroleum's Latest Options Trends

<p>Mizuho  analyst Nitin Kumar   maintains Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) with a Neutral and lowers the price target from $76 to $72.</p>


Mizuho Maintains Neutral on Occidental Petroleum, Lowers Price Target to $72

<p><strong>Occidental Petroleum Corporation</strong>&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) subsidiary, 1PointFive, disclosed that the U.S. Department of Energy&#8217;s Office of Clean Energy Demonstrations (OCED) will provide up to $500 million to support the development of the South <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40842544/1pointfives-south-texas-direct-air-capture-hub-awarded-u-s-department-of-energy-funding" rel="noreferrer noopener">Texas Direct Air Capture (DAC) Hub</a>.</p>
<p>1PointFive&#8217;s South Texas DAC Hub, located on the King Ranch in Texas, will start with a capacity to remove 500,000 metric tons of CO2 annually, with plans to scale to over 1 million metric tons.</p>
<p>The site could expand to remove 30 million metric tons per year and securely store up to 3 billion metric tons in saline formations.</p>
<p>The funding will be provided in multiple phases, starting with an initial award of $50 million to advance 1PointFive&#8217;s work at the South Texas DAC Hub.</p>
<p>This will support engineering, permitting, procurement of long-lead equipment, and continued community engagement to enhance the community benefits plan.</p>
<p>The total award for the South Texas DAC Hub is expected to reach up to $500 million for the initial DAC facility, with potential to increase to $650 million for expanding a regional carbon network in South Texas.</p>
<p>President and CEO Vicki Hollub, Occidental, said, &#8220;This award demonstrates how the U.S. Department of Energy is committed to realizing the full potential of DAC and its confidence in the South Texas DAC Hub to deliver CO2&nbsp;removal at a climate-relevant scale.&#8221;</p>
<p>In August, the company disclosed a $3 billion reduction in principal debt in the third quarter of 2024, driven by strong organic&nbsp;cash flow and <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40444032/occidental-petroleum-speeds-up-debt-repayment-with-3b-reduction-details" rel="noreferrer noopener">proceeds from divestitures</a>.</p>
<p>Following the anticipated closing of the $818 million Barilla Draw divestment, Occidental plans to use the proceeds for debt repayments.</p>
<p>Investors can gain exposure to the OXY stock via&nbsp;<strong>Texas Capital Funds Trust Texas Capital Texas Oil Index ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OILT#NYSE">OILT</a>)&nbsp;and&nbsp;<strong>First Trust Nasdaq Oil &amp; Gas ETF</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXN#NASDAQ">FTXN</a>).</p>
<p><strong>Price Action</strong>: OXY shares are up 0.80% at $51.40 premarket at the last check Friday.</p>
<p><em>Photo via Shutterstock</em></p>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/markets/equities/24/09/40848034/warren-buffett-13b-bet-on-occidental-petroleum-turns-sour-as-shares-plunge-29-since-mid-april-an" target="_blank" rel="noreferrer noopener">Warren Buffett $13B Bet On Occidental Petroleum Turns Sour As Shares Plunge 29% Since Mid-April — Analyst Says He Could Buy More</a></strong></li>
</ul>
<p><strong><em>Disclaimer:</em></strong><em> This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.</em></p>


Guidance

FTXN

OILT

Occidental's 1PointFive Secures $500M Boost To Capture CO2: Details

<p>Shares of <strong>Occidental Petroleum</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) have plummeted 29% since mid-April, impacting <strong>Warren Buffett</strong>&#8216;s substantial investment in the company.</p>
<p><strong>What Happened</strong>: <strong>Chris Bloomstran</strong>, fund manager at <strong>Semper Augustus</strong>, suggested that while Buffett might buy more shares, he is unlikely to take over the company. Bloomstran noted that Buffett prefers Occidental to initiate a stock buyback program, which CEO <strong>Vicki Hollub</strong> has said will only happen after significant debt reduction, Business Insider <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-occidental-petroleum-stock-oil-price-drop-2024-9#:~:text=Occidental%20Petroleum%20shares%20have%20dropped,about%20dema">reported</a> on Friday.</p>
<p>&#8220;I wouldn&#8217;t rule out a purchase of additional shares,&#8221; Bloomstran said, according to the report. </p>
<p>Further compounding the issue, Buffett holds warrants to buy an additional 83.5 million shares at a strike price of $59.62, nearly 20% above the current market price, according to Bloomstran.</p>
<p>The decline in Occidental&#8217;s stock price aligns with a 23% drop in crude oil prices, driven by concerns over demand and excess supply. <strong>Berkshire Hathaway</strong>&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) $13 billion investment in Occidental Petroleum is now potentially underwater.</p>
<p>Buffett&#8217;s conglomerate has been accumulating shares of Occidental since early 2022, with a significant buying spree in June at around $60 per share. Currently, Berkshire owns a 29% stake in the oil producer.</p>
<p>The $55-$60 price range had previously acted as a support level for Occidental&#8217;s stock since Buffett began his purchases, but this floor has now been breached for the first time in over two years.</p>
<p>According to <strong>HedgeFollowe</strong>, Berkshire Hathaway&#8217;s average purchase price for its stake is estimated at $51.22 per share, slightly above the current trading price.</p>
<p><em>See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40825182/anthony-scaramucci-said-last-week-bitcoin-could-touch-up-to-200k-now-hes-thanking-living-l?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Said Last Week Bitcoin Could Touch Up to $200K, Now He&#8217;s Thanking &#8216;Living Legend&#8217; Mich</a></em></p>
<p><strong>Why It Matters</strong>: The setback for Buffett comes amid a <a href="https://www.benzinga.com/news/24/09/40805571/bank-of-america-ceo-on-buffetts-share-retreat-i-dont-know-what-exactly-he-is-doing-we-cant-ask">broader context of strategic shifts</a> and market movements. Recently, <strong>Bank of America</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) CEO <strong>Brian Moynihan</strong> commented on Buffett&#8217;s reduction of his stake in the bank, noting that Buffett has been a stabilizing force but has sold nearly $7 billion in shares since mid-July.</p>
<p>Buffett has been <a href="https://www.benzinga.com/opinion/24/09/40778693/three-stocks-warren-buffett-is-selling-as-a-recession-nears">selling shares in several companies</a>, including <strong>Apple Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Bank of America, as economic uncertainties loom.</p>
<p>Despite these challenges, Buffett&#8217;s investment acumen remains highly regarded. On his 94th birthday, Berkshire Hathaway <a href="https://www.benzinga.com/general/education/24/08/40652464/warren-buffett-celebrates-94th-birthday-with-1-trillion-market-cap-milestone-a-look-back-at-hig">reached a $1 trillion market cap milestone</a>, underscoring his long-term success. </p>
<p>However, even Buffett has <a href="https://www.benzinga.com/startups/24/09/40693497/warren-buffett-admitted-he-was-too-dumb-and-an-idiot-for-not-investing-in-amazon-early-on-but-finall">admitted to missed opportunities</a>, such as his late investment in <strong>Amazon.com Inc</strong>.</p>
<p>Back in the mid-1990s, when Amazon was just an online bookstore with big dreams, Buffett had the chance to invest. He also passed on buying shares during Amazon&#8217;s IPO in 1997. </p>
<p>Reflecting on this now, Buffett doesn&#8217;t shy away from admitting his mistake. &#8220;I was too dumb to realize&#8221; the potential of Amazon and its visionary founder, <strong>Jeff Bezos</strong>, he&#8217;s said, with his usual blend of humility and humor. </p>
<p><strong>Action Price</strong>: Occidental Petroleum&#8217;s stock is trading at $50.99, up 0.65% on Thursday. However, year to date, the stock has dropped by 15.09%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.</p>
<p><strong>Read Next: </strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/news/24/09/40743718/mark-cuban-says-kamala-harris-is-simply-doing-what-trump-did-in-2016-its-her-party-she-gets-to-set-t?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Says Kamala Harris Is Simply Doing What Trump Did In 2016: &#8216;It&#8217;s Her Party. She Gets To Set The Rules&#8217;</a></strong></li>
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<p><em>Image Via Shutterstock </em></p>
<p>This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <u><a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a></u></p>


AAPL

Warren Buffett $13B Bet On Occidental Petroleum Turns Sour As Shares Plunge 29% Since Mid-April — Analyst Says He Could Buy More

<p><a href="https://www.globenewswire.com/Tracker?data=XYaTK6UTn-D2L80k7GL_hkvdtrz2BVjXEsZPaKMpxUOLULayXBEpbpikibkQ91jYsW55hWmJzTge6g5V7a4fxA==">1PointFive</a>, a wholly owned subsidiary of Occidental, announced today that the U.S. Department of Energy's Office of Clean Energy Demonstrations (OCED) will provide up to $500 million to support the development of the South Texas Direct Air Capture (DAC) Hub. The award is a milestone in furthering commercial-scale DAC in the United States and validation of Occidental and 1PointFive's ability to use their decades-long expertise in carbon management to accelerate the vital climate technology.<br /><br />&nbsp;</p>
<p>The funding will be provided in multiple tranches. The initial award of $50 million will advance 1PointFive's ongoing work at the South Texas DAC Hub. Upcoming activities include engineering, permitting, the procurement of long-lead equipment and continued community engagement to further 1PointFive's community benefits plan. The total award value for the South Texas DAC Hub is expected to be up to $500 million for the initial DAC facility at the site, and potentially increased up to $650 million for the development of an expanded regional carbon network in South Texas.</p>


Contracts

Occidental's 1PointFive's South Texas Direct Air Capture Hub Awarded $500M U.S. Department Of Energy Funding For The Initial DAC Facility At The Site, And Potentially Could Be Increased Up To $650M For The Development Of An Expanded Regional Carbon Network In South Texas

<p>Deep-pocketed investors have adopted a bearish approach towards Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in OXY usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 22 extraordinary options activities for Occidental Petroleum. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 31% leaning bullish and 59% bearish. Among these notable options, 11 are puts, totaling $615,605, and 11 are calls, amounting to $478,964.</p>
<h3>Predicted Price Range</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $30.0 to $60.0 for Occidental Petroleum over the last 3 months. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Occidental Petroleum's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Occidental Petroleum's whale trades within a strike price range from $30.0 to $60.0 in the last 30 days. </p>
<h3>Occidental Petroleum Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1725988548_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$11.15</td>
<td>$10.85</td>
<td>$11.15</td>
<td>$60.00</td>
<td>$111.5K</td>
<td>6.4K</td>
<td style="text-align: right;">101</td>
</tr>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$10.95</td>
<td>$10.85</td>
<td>$10.93</td>
<td>$60.00</td>
<td>$109.3K</td>
<td>6.4K</td>
<td style="text-align: right;">201</td>
</tr>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$2.38</td>
<td>$2.33</td>
<td>$2.36</td>
<td>$50.00</td>
<td>$80.7K</td>
<td>3.9K</td>
<td style="text-align: right;">401</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$7.5</td>
<td>$7.2</td>
<td>$7.2</td>
<td>$45.00</td>
<td>$72.0K</td>
<td>1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$6.15</td>
<td>$6.0</td>
<td>$6.0</td>
<td>$60.00</td>
<td>$60.0K</td>
<td>668</td>
<td style="text-align: right;">105</td>
</tr>
</tbody>
</table>
</p>
<h3>About Occidental Petroleum</h3>
<p>Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2023, the company reported net proved reserves of nearly 4 billion barrels of oil equivalent. Net production averaged 1,234 thousand barrels of oil equivalent per day in 2023 at a ratio of roughly 50% oil and natural gas liquids and 50% natural gas.</p>
<p>In light of the recent options history for Occidental Petroleum, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>Current Position of Occidental Petroleum</h3>
<ul>
<li>Currently trading with a volume of 7,555,937, the OXY's price is down by -1.74%, now at $51.05. </li>
<li>RSI readings suggest the stock is currently may be oversold.</li>
<li>Anticipated earnings release is in 56 days.</li>
</ul>
<h3>What Analysts Are Saying About Occidental Petroleum</h3>
<p>3 market experts have recently issued ratings for this stock, with a consensus target price of $71.0.</p>
<ul>
<li>An analyst from Susquehanna persists with their Positive rating on Occidental Petroleum, maintaining a target price of $78. </li>
<li>Maintaining their stance, an analyst from Truist Securities continues to hold a Hold rating for Occidental Petroleum, targeting a price of $65. </li>
<li>An analyst from UBS has decided to maintain their Neutral rating on Occidental Petroleum, which currently sits at a price target of $70. </li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Occidental Petroleum, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Occidental Petroleum Options Trading: A Deep Dive into Market Sentiment

<p>Deep-pocketed investors have adopted a bullish approach towards Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in OXY usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 25 extraordinary options activities for Occidental Petroleum. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 44% leaning bullish and 36% bearish. Among these notable options, 16 are puts, totaling $973,358, and 9 are calls, amounting to $343,062.</p>
<h3>Expected Price Movements</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $40.0 to $72.5 for Occidental Petroleum during the past quarter. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.</p>
<p>This data can help you track the liquidity and interest for Occidental Petroleum's options for a given strike price.</p>
<p>Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Occidental Petroleum's whale activity within a strike price range from $40.0 to $72.5 in the last 30 days. </p>
<h3>Occidental Petroleum Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1725553061_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$6.15</td>
<td>$6.1</td>
<td>$6.14</td>
<td>$60.00</td>
<td>$122.8K</td>
<td>1.5K</td>
<td style="text-align: right;">206</td>
</tr>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$1.17</td>
<td>$1.16</td>
<td>$1.17</td>
<td>$55.00</td>
<td>$117.0K</td>
<td>2.2K</td>
<td style="text-align: right;">41</td>
</tr>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.4</td>
<td>$3.3</td>
<td>$3.39</td>
<td>$55.00</td>
<td>$101.7K</td>
<td>22.0K</td>
<td style="text-align: right;">426</td>
</tr>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$1.91</td>
<td>$1.9</td>
<td>$1.91</td>
<td>$55.00</td>
<td>$75.8K</td>
<td>6.5K</td>
<td style="text-align: right;">531</td>
</tr>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$4.8</td>
<td>$4.7</td>
<td>$4.75</td>
<td>$57.50</td>
<td>$71.2K</td>
<td>26.0K</td>
<td style="text-align: right;">505</td>
</tr>
</tbody>
</table>
</p>
<h3>About Occidental Petroleum</h3>
<p>Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2023, the company reported net proved reserves of nearly 4 billion barrels of oil equivalent. Net production averaged 1,234 thousand barrels of oil equivalent per day in 2023 at a ratio of roughly 50% oil and natural gas liquids and 50% natural gas.</p>
<p>In light of the recent options history for Occidental Petroleum, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>Occidental Petroleum's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 6,613,198, the OXY's price is down by -1.72%, now at $53.69. </li>
<li>RSI readings suggest the stock is currently may be oversold.</li>
<li>Anticipated earnings release is in 61 days.</li>
</ul>
<h3>What Analysts Are Saying About Occidental Petroleum</h3>
<p>Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $70.8.</p>
<ul>
<li>An analyst from Stephens &amp; Co. has revised its rating downward to Overweight, adjusting the price target to $76. </li>
<li>An analyst from Susquehanna persists with their Positive rating on Occidental Petroleum, maintaining a target price of $78. </li>
<li>An analyst from Truist Securities has decided to maintain their Hold rating on Occidental Petroleum, which currently sits at a price target of $65. </li>
<li>An analyst from UBS persists with their Neutral rating on Occidental Petroleum, maintaining a target price of $70. </li>
<li>Maintaining their stance, an analyst from Wells Fargo continues to hold a Equal-Weight rating for Occidental Petroleum, targeting a price of $65. </li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Occidental Petroleum, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


A Closer Look at Occidental Petroleum's Options Market Dynamics

A Rare High-Yield Buying Opportunity

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ALLY

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Press Releases

Occidental Announces Second Quarter 2024 Results

Offerings

WESTERN MIDSTREAM ANNOUNCES SECONDARY PUBLIC OFFERING OF COMMON UNITS

Occidental Announces Launch of Secondary Offering

WESTERN MIDSTREAM ANNOUNCES PRICING OF SECONDARY PUBLIC OFFERING OF COMMON UNITS

Occidental Announces Continued Progress on Debt Reduction and Divestiture Initiatives

1PointFive's South Texas Direct Air Capture Hub Awarded U.S. Department of Energy Funding

Drone Usage for Automated UAV Monitoring Solutions Witnessing Rapid Growth & Increasing Revenue Generating Opportunities

Permian Resources Announces Closing of Bolt-On Acquisition of Core Delaware Basin Assets

Global Carbon Dioxide Removal Market Size Expected to Reach $2.54 Billion By 2033 as Climate Change Concerns Grow

Occidental to Announce Third Quarter Results Tuesday, November 12, 2024; Hold Conference Call Wednesday, November 13, 2024

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