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Occidental Petroleum Newsroom
Susquehanna Cuts Price Target on Occidental Petroleum to $58 From $65, Keeps Positive Rating
Occidental Petroleum Corporation (OXY) Is a Trending Stock: Facts to Know Before Betting on It
International oil prices are experiencing significant fluctuations! What new variables might arise in the future?
Under the pressure of President Trump in the USA, international oil prices fell by about 3.5% last week, ending four consecutive weeks of increase.
Trump has demanded OPEC to lower oil prices for the second consecutive day, and Putin stated that he will talk with Trump to discuss Energy issues.
On Friday, USA President Trump once again called for the Organization of the Petroleum Exporting Countries (OPEC) to lower oil prices, hoping to undermine Russia's financial revenue from oil production and help end the Russia-Ukraine conflict. Putin had previously responded that he was ready to meet with Trump to discuss Crude Oil Product prices and Other Energy Sources issues. After a 1% drop on Thursday, oil prices continued to decrease slightly on Friday.
Occidental Petroleum May Hike Its Dividend Next Month - OXY Stock Could Rise 22%
Trump wants to increase production of Shale Oil in the USA, but Wall Street may not let him achieve that.
The market's enthusiasm for increasing Shale Oil production is waning, while economic realities and investor pressures have become actual obstacles. According to forecasts, during Trump's second term, the total Crude Oil Product output in the USA is expected to grow by less than 1.3 million barrels per day, far below the increase of 1.9 million barrels per day during Biden's term.
Roth MKM Maintains Occidental Petroleum(OXY.US) With Hold Rating, Cuts Target Price to $54
The "Understanding King" is online! Trump speaks intensively at Davos, claiming to understand interest rates better than Powell, discussing tariffs and oil prices.
Trump stated that companies not producing in the USA face tariffs of "hundreds of billions or even trillions of dollars". If produced in the USA, they can enjoy a reduction of corporate tax to 15%. The tariffs in Europe are too high, the regulations are too strict, and the trade deficit with the USA is too large, which will lead to measures being taken to ensure that the USA supplies Energy to Europe. Trump called on OPEC to "lower oil costs", stating that this would pressure Russia to end the Russia-Ukraine conflict, and demanded that the Saudi Crown Prince increase the promised investment in the USA to 1 trillion dollars. He also mentioned that he would "demand an immediate decrease in interest rates" and plans to have a conversation with Powell at an appropriate time.
Trump: Will ask OPEC to lower oil prices, requesting the Saudi crown prince to invest 1 trillion dollars in the USA.
On Thursday, USA President Trump delivered a video speech at the Davos Forum, urging the Organization of the Petroleum Exporting Countries (OPEC) to lower oil prices, which caused international oil prices to drop nearly 1%. He also suggested that to revive USA manufacturing, Saudi Crown Prince should invest 1 trillion dollars. Trump additionally called on European countries to reduce the tax and regulatory burden on USA companies.
Morgan Stanley Maintains Occidental Petroleum(OXY.US) With Buy Rating, Maintains Target Price $65
Raymond James Maintains Occidental Petroleum(OXY.US) With Buy Rating, Raises Target Price to $81
Express News | Occidental Petroleum Corp : Raymond James Raises Target Price to $81 From $78
Oil Volatile Amid U.S. Policy Uncertainty -- Market Talk
Gold remains at a high level, and the decline in oil prices seems unstoppable: how does the market interpret the Trump effect?
Has the rise of Gold slowed down due to a technical correction or a fundamental turning point? Oil prices have fallen for five consecutive days, and the market is waiting for further guidance on Trump's policies...
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