Occidental Petroleum: New Sanctions To Boost Oil Markets In 2025

13 hours ago · Occidental Petroleum is poised for long-term growth and potential outperformance in 2025 due to stricter oil sanctions. ... New Sanctions To Boost Oil Markets In 2025. Jan. 15, 2025 10:45 PM ET ...

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Oil Rallies, Settles At Multi-month High On US Crude Draw, Russia ...

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1 day ago · Oil prices rose more than 2% on Wednesday, supported by a large draw in U.S. crude stockpiles and potential supply disruptions caused by new U.S. sanctions on Russia, while a …

reuters.com

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Occidental Executives Outline Conservative Spending Plans

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Nov 13, 2024 · Occidental’s total production in the 3 months ended Sept. 30 averaged 1.412-million boe/d, an increase of 12% from this year's second quarter and nearly 16% year over year.

ogj.com

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Oil Jumps On Expected Hit To China And India's Russian Supplies

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3 days ago · LONDON (Reuters) -Oil extended gains for a third session on Monday, with Brent crude rising above $80 a barrel to its highest in more than four months, driven by wider U.S. …

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FAQs about Occidental Petroleum: New Sanctions To Boost Oil Markets In 2025 Coupon?

How will sanctions affect Occidental oil?

Stricter sanctions on Russian and Iranian oil are expected to firm up oil prices, benefiting Occidental and its peers. Occidental's extensive Delaware acreage and low-cost reserve replacement position it well for long-term growth and reduced operational risks. ...

Will supply reduction help Occidental (oxy) stock perform well this year?

Supply reduction will likely provide oil price support throughout the year insuring Occidental (NYSE: OXY) and its peers against the worst-case scenarios. While it is too early to talk about price growth, the sentiment is definitely improving, and oil stocks might be set to do well this year. ...

Is Occidental Oil a good stock to buy this year?

While it is too early to talk about price growth, the sentiment is definitely improving, and oil stocks might be set to do well this year. Occidental is currently trading at 6.4X EV/EBITDA, below the median 10-year valuation of 8.2X. ...

How will sanctions affect Russian oil exports?

Russian oil exports will be hurt severely by the new sanctions, pushing China and India to source more crude from the Middle East, Africa and the Americas, which will boost prices and shipping costs, traders and analysts said. "There are genuine fears in the market about supply disruption. ...

How much oil does Occidental oil make a year?

During the first nine months of this financial year, Occidental has managed to sell its American oil output for an average of ~ $77 per barrel. Most recently the oil price has returned to this level. Occidental is expected to generate ~$14.6 billion of EBITDA for the full year 2024. ...

How much oil will Russia's new sanctions entail?

The sanctions include a wind-down period until March 12, so there may not be major disruptions yet, Varga added. Goldman Sachs estimated that vessels targeted by the new sanctions transported 1.7 million barrels per day (bpd) of oil in 2024, or 25% of Russia's exports. ...