Latest news with #Oxy
Observer
09-07-2025
- Business
- Observer
Oxy Oman reveals 10 new hydrocarbon finds in 2024
MUSCAT: Oxy Oman, a wholly owned subsidiary of the US-based independent oil and gas firm Occidental, announced a haul of 10 new oil and gas discoveries across its expansive portfolio of eight upstream hydrocarbon concessions in the Sultanate of Oman in 2024. Notable among them was a first-ever oil discovery, along with a significant gas find, in Block 62 in central Oman. The Maradi Huraymah East and Baqiyah discoveries are expected to 'open up other oil potential in the block,' the Ministry of Energy and Minerals noted in its 2024 Annual Report on the country's energy landscape. Oxy has equity interests in Blocks 9, 27, 30, 65, 62, and 51 in north Oman, and Blocks 53 and 72 in central Oman. Commenting on the US company's sizable presence in the Sultanate, the Ministry stated: 'Oxy Oman has been operating in the Sultanate for more than 40 years, where it has steadily increased production and reserves and is honored to partner with the Government of Oman. Today, Oxy Oman is the largest independent oil producer operating in the country, covering more than 6 million gross acres. Oxy Oman's major operations are located in northern Oman, primarily in the Safah and Wadi Latham fields in Block 9, Khamilah Field in Block 27, Maradi Huraymah gas field in Block 62, and in south-central Oman in Block 53 at Mukhaizna Field.' In addition to the 10 discoveries made in 2024, Oxy completed processing of 2,107 km² of 3D seismic in Block 51 and began a reprocessing programme for 8,155 km² of 3D seismic in Blocks 9, 27, and 53. The company also reported record gross production, supported by a new Initial Production (IP) programme, in Blocks 9, 27, and 65. Leveraging its decades-long global expertise in enhanced oil recovery (EOR) using carbon dioxide (CO₂), the company launched its first CO₂ injection trial in the Safah Field in northern Oman. The pilot project aims to determine the feasibility of CO₂ flooding as an EOR technique following water flooding. Another significant highlight of 2024 was Oxy's success in leveraging its carbon management expertise to advance low-carbon initiatives designed to sustainably enhance its business and achieve net-zero targets. A year earlier, in 2023, the company had launched a pilot project using CO₂ for EOR in Block 9. This initiative followed a thorough evaluation of mature waterflooding assets, identifying favorable conditions for CO₂-based EOR, the report stated. Importantly, Oxy Oman has been utilizing its global expertise in EOR and Direct Air Capture technology to lead the carbon capture and EOR scope of the Oman Carbon Capture, Usage and Storage (CCUS) Steering Committee, spearheaded by the Ministry of Energy and Minerals. Additionally, the company is exploring technologies to decarbonise heavy oil development, including CO₂ point source capture and renewable energy plants. Furthermore, as part of its long-term strategy to reduce methane and CO₂ emissions, Oxy is implementing projects that measure and quantify methane leaks, including LDAR and stack testing at all sites. The company stated it is committed to eliminating routine flaring by 2027, having already achieved an 80% reduction from the baseline. Moreover, in a bid to decarbonise its oilfield operations, Oxy Oman has signed an agreement with OQ Alternative Energy (OQAE) to explore the development of a solar project to supply emissions-free energy for its operations in Blocks 9 and 27, with a potential expansion to Block 65. 'Oxy Oman is committed to Oman's net-zero targets and aims to facilitate effective collaboration between key stakeholders across the government and the energy industry, and supports the effective implementation of CCUS in Oman,' the Ministry's report added.
Yahoo
13-06-2025
- Business
- Yahoo
Oil gains likely to revert after Israel's Iran attack: Analyst
Oil prices (CL=F, BZ=F) are jumping by the largest amount in three years following Israel's airstrikes targeting Iran's nuclear facility and military leadership. Iranian officials have labeled Israel's attacks as a "declaration of war." Hedgeye Risk Management energy analyst Fernando Valle discusses with the Morning Brief's Brad Smith on what this escalating conflict means for his outlook on oil producers and the energy sector and the risk exposure for major American producers. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Occidental Petroleum, Exxon, Chevron, all US energy plays, and and they're all the top trending tickers right now on the Yahoo Finance platform here. How should investors be really analyzing the US specific energy sector names? Yeah, so with Exxon, uh, specifically, it's worth mentioning that they have a lot of production in the uh, in cutter gas. Uh, it's a very significant part of excellent earnings, uh, which is obviously in the midst of the, uh, uh, the conflict. Uh, cutter shares the North field with Iran, uh, and a lot of the exports go through the straight of Hormuz. So there's some risk there. Chronicle Philips, um, and Shell Total all have uh, participations in that field. Uh, when you look at Oxy or Chevron, they have less exposure to that area. Oxy is probably even the least out of all of them. Uh, you know, I mentioned all the pure US EMPs. I think they get more of that leverage. Um, and also because on the refining segment, where Exxon, Chevron, uh, BP, they're all exposed there, I think this is negative for the refining segment. Uh, and so the pure oil and P's tend to do better in this, uh, overshoot of oil. Fernando, I wonder, from what you've been able to analyze in prior instances, how long is the tail in terms of the impact that we're talking about after the initial strikes and event that sparks the volatility to the point where we eventually see some falling action, but perhaps there's still a little bit of overhang until there's real resolution that seems like it might be emerging. It's typically not long. Um, and uh, you've seen it with the attacks in Saudi Arabia a few years ago, um, and then with the the October 7th. This this lasts a little bit, you know, I have a friend who always says, oil always overshoots, and uh, typically wars and attacks are a good time for you to sell, uh, because you get that that opportunity to sell into, into strength. Uh, so we'll have to see here how how long the the attacks go on, uh, but typically it does not take long after, um, these initial skirmishes, uh, before, uh, it it reverses. Uh, I'll say you you talked about oil, some prognosis that we're going to $120 a barrel. Uh, as the your previous guest was saying, the issue is that the consumer can't really afford that uh, level of pricing. And so demand would come down significantly. So I I would put a very short, um, I I I don't think that's a very likely, uh, occurrence that we'll get to those levels unless there's a significant shift in the economy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-06-2025
- Business
- Yahoo
1 Warren Buffett Stock to Buy Hand Over Fist in June
Warren Buffett owns two energy stocks. One of his energy investments is a more aggressive growth stock; the other is a shockingly reliable dividend stock. Most investors should find the boring income stock to their liking. 10 stocks we like better than Chevron › Warren Buffett is the incredibly successful CEO of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B). The stocks his company owns tend to receive plenty of extra attention from investors who want to mimic his investment approach (and match the level of returns Berkshire manages). There's a dichotomy today in the energy sector, in which Buffett owns two very different energy stocks. Which of these energy stocks is the better option for your portfolio? Warren Buffett is the CEO of a company that is run more like a mutual fund than a business. In fact, the conglomerate owns around 200 companies if you include both controlled businesses and publicly traded stocks in the mix. The real key here, however, is that Buffett doesn't tend to get into the day-to-day operations of the businesses in which he's invested. Like a mutual fund manager, Buffett buys companies when he thinks they are attractively priced. Then he lets the management team run them, only stepping in if asked or when there is a dire need for his input (notably poor performance, for example). Mostly, he just sits back and benefits from the long-term growth of the businesses in which Berkshire is invested. Buffett's investment approach is important to understand if you are going to use his portfolio as a starting point for your own stock selections. But his penchant for owning stocks for the long term means the current list isn't necessarily filled with stocks you should buy today. That said, the energy sector is a little out of favor right now, so there are potential bargains to be had. Two potential examples are Occidental Petroleum (NYSE: OXY) and Chevron (NYSE: CVX). Occidental Petroleum is an interesting story because Buffett helped the energy company outbid Chevron for Anadarko Petroleum a few years ago. That purchase ended up being a big stretch for Oxy, as it is more commonly known. When oil prices fell during the coronavirus pandemic, a highly leveraged balance sheet led Oxy to cut its dividend. The dividend is still below where it was prior to the cut. Oxy is very clearly focused on growing its business and has inked several more acquisitions now that its finances are in better shape. This is a stock that more aggressive investors will find attractive. Chevron, on the other hand, is a rock in the normally turbulent energy seas. In 2020, it raised its dividend. During the Great Recession, it raised its dividend. During the dot-com crash, it raised its dividend. It has raised its dividend annually for 38 consecutive years. Oil and natural gas prices are incredibly volatile, but Chevron has built a business that can survive through the entire energy cycle while still rewarding investors with reliable dividends along the way. There are two big foundational stories here. First, Chevron is one of the world's largest integrated energy companies. It has exposure to the entire energy value chain, allowing it to move its business around in ways that maximize long-term returns for shareholders. Second, it has a very strong balance sheet, which allows it to take on debt during downturns to support its business and dividend. When energy prices recover, as they always have before, it reduces leverage. It is the kind of energy company that even the most conservative investor can love. Right now, the energy sector is a bit unloved on Wall Street because energy prices have been a little weak. That makes the sector an interesting one for investors to consider. Chevron is out of favor within the energy sector because of a difficult acquisition that it is trying to complete and because of its investments in Venezuela, which have become a bit of a political football. Neither issue is likely to derail the company over the long term. However, they have helped to push Chevron's yield up to around 5%. If you are a dividend investor looking at energy stocks, this Buffett pick is worth buying in June. Before you buy stock in Chevron, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Chevron wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $649,102!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $882,344!* Now, it's worth noting Stock Advisor's total average return is 996% — a market-crushing outperformance compared to 174% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Berkshire Hathaway and Chevron. The Motley Fool recommends Occidental Petroleum. The Motley Fool has a disclosure policy. 1 Warren Buffett Stock to Buy Hand Over Fist in June was originally published by The Motley Fool
India Today
08-06-2025
- Business
- India Today
Where skin meets science: Beauty services for the new age
New Delhi today's beauty industry, "premiumisation" has become more than just a buzzword—it's a philosophy. One of India's established salon brands is redefining what premium means by integrating advanced medical-grade technologies, clean formulations, and personalised care into a luxe-yet-approachable salon Indian beauty landscape is undergoing a quiet revolution. Consumers are no longer satisfied with surface-level treatments — they're demanding experiences that combine clinical precision, conscious choices, and indulgent self-care. As the idea of "premium beauty" evolves, what truly sets apart a high-end experience from the rest?advertisementIndia Today spoke to Aditya Sharma, CEO of Cut & Style Salon, to decode how the future of premiumisation is unfolding —SERVICE DESIGN GOES CLINICAL YET COMFORTABLE This shift is most evident in how services are designed. Gone are the days of basic facials and superficial treatments. Now, clients are offered medically-informed, technology-backed options like Hydra Facials, Oxy Facials, anti-aging protocols, FDA-approved laser hair removal, and targeted skin-brightening solutions. These aren't just cosmetic treatments—they're clinical-grade, evidence-based approaches that ensure both safety and FORMULATIONS DRIVE PRODUCT CURATIONProduct selection is also evolving. While not always explicitly stated, there's a clear focus on wellness-aligned, high-performance skincare, often featuring vegan, cruelty-free, and clinically-tested formulations. These products are chosen to support not just aesthetic goals but also long-term skin health, reflecting an awareness of 'conscious beauty.'EXPERIENCE MATTERS: FROM CLINIC TO COMFORT ZONEadvertisementOne major distinction lies in the setting. While medical aesthetics often conjure images of sterile clinics, this salon is designed to feel calming and luxurious. Warm interiors, soothing lighting, and personalized attention transform the experience into one of self-care rather than medical necessity. It's clinical skincare in a setting that encourages comfort and brand defines "conscious luxury" as a mindful approach to indulgence, where efficacy, sustainability, and ethical practices coexist. It caters to clients who want results, but also care about how those results are achieved. This includes everything from vegan products and eco-conscious packaging to services that account for lifestyle factors like stress, diet, and SHIFT TO EXPERT-LED, CONSULTATIVE BEAUTYResponding to increased demand for expert guidance, the salon has doubled down on education and qualifications. All dermatologists are certified medical professionals, and aestheticians are licensed or diploma-holders who undergo regular training in the latest technologies. Consultations involve in-depth skin analysis, ensuring that each treatment is based on real data rather than generic than a place for a haircut or facial, this salon envisions itself as a holistic lifestyle destination. Integrated services now include skin and body therapies, laser treatments, and scalp care—positioned not as occasional splurges, but as part of a regular wellness models are also part of the evolution, offering monthly treatments, exclusive events, and early access to new technologies—fostering a loyal community rather than one-time WITHOUT COMPROMISING SENSORIALITYThe salon's offerings balance performance with pleasure. Advanced devices deliver instant, visible results, while the overall experience remains indulgent. Clean, effective formulations are paired with spa-like environments and relaxing treatments, ensuring that efficacy doesn't come at the cost of to global trends, personalisation and wellness are at the core of this premium transformation. Each client's journey begins with a consultation and analysis, followed by a tailored plan that may include advanced facials, scalp therapies, and body treatments. It's beauty aligned with lifestyle, not just a market crowded with self-declared premium services, what sets the real ones apart? It's a combination of medical expertise, personalisation, luxurious ambiance, clean and conscious products, and a commitment to client education. It's about making advanced skincare feel safe, empowering, and FOR BEAUTY PROFESSIONALS LOOKING TO LEVEL UPFor others in the industry, the roadmap is clear:Invest in continuous training and strict safety and hygiene technology-backed, data-driven clean formulations without sacrificing every client spaces that soothe, not transparent and build beauty of the future is smart, ethical, luxurious—and deeply personalTo succeed in this competitive, discerning market, experts suggest salons must invest in staff education, uphold medical-grade hygiene standards, and communicate value clearly. Trust is built not just through ambience, but also through honesty about results, safety, and the science behind every treatment.
Yahoo
29-05-2025
- Business
- Yahoo
Should You Buy Occidental Petroleum While It's Trading Below $45?
Occidental Petroleum is a large oil and natural gas company. The company has been growing via acquisitions, an approach that is likely to continue. The company is likely to grow more quickly than some of its largest peers, but it is also likely to be more volatile. 10 stocks we like better than Occidental Petroleum › A lot has changed about Occidental Petroleum (NYSE: OXY) since around 2020. Some of the changes were good and some weren't, though how you view the company may depend a little bit on your approach to investing. Occidental Petroleum has some very well-known supporters, but does that make it a buy while the shares trade below $45? Occidental Petroleum, which is usually just shortened to Oxy, is a large business, with a market cap of around $40 billion. However, large is a relative term, as that valuation is relatively small compared to the largest players in the energy sector. For instance, industry giant ExxonMobil (NYSE: XOM) has a market cap of around $440 billion. This difference actually plays an important role in whether or not you might want to buy Oxy stock today. That's because ExxonMobil is one of the largest integrated energy companies on the planet. And Oxy is basically trying to grow to a point where it can compete with companies like ExxonMobil. The primary route that Oxy has used to grow its business of late has been acquisitions. The process started to ramp up in 2019 when Oxy bought Anadarko Petroleum. With the financial support of Warren Buffett and Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) it managed to steal Anadarko away from Chevron (NYSE: CVX). But the deal led to a sea change for Oxy because it leaned heavily on debt to get the Anadarko deal done. When oil prices plunged during the coronavirus pandemic, it was forced to cut its dividend and refocus its financials around debt reduction. To Oxy's credit, it has dramatically improved its financial situation concerning its balance sheet. Its debt-to-equity ratio rose to nearly 2x following the Anadarko deal but is now down to around 0.7x. And it has inked two more acquisitions since it completed the Anadarko acquisition, so it has been much more prudent about its purchases. That's a good thing. But the dividend remains well below where it was prior to the dividend cut. What's interesting is that the dividend yield remains notably lower, as well. This is basically a function of the market recognizing that Oxy is taking a different approach with its business. It is now more focused on growth. That's not a bad thing, but it is very different from what you will get from industry giants like ExxonMobil and Chevron. These two integrated energy companies lean more toward reliable dividends despite operating in a volatile industry. From a top-level perspective, Oxy's financial performance and stock price will always be impacted heavily by the often volatile prices of oil and natural gas. That's no different than what you'd end up facing with ExxonMobil or Chevron. However, when you dig a little bit deeper, Oxy is more growth-oriented than ExxonMobil or Chevron, and that creates both opportunity and risk. Even with the financial support of Berkshire, Oxy got out over its skis with the Anadarko transaction. Although it has been more prudent since that point, the misstep shows that execution is vital to Oxy's growth approach and, importantly, that it hasn't always executed at a high level. Investors took the brunt of the hit, noting the steep stock price decline and dividend cut that were the fallout. An investment in ExxonMobil or Chevron probably won't expose you to the same kind of risk, or at least not at the same level, given their larger scales. It is interesting to note that Buffett (through Berkshire) owns both Oxy and Chevron stock. That basically means he is invested in an industry giant that produces reliable dividends and a smaller peer that is focused on growth. That could be the best option for long-term investors looking at the energy sector more broadly. But if you have to choose just one investment, Oxy is the riskier choice and the one that likely has more long-term upside. If you choose to buy Oxy, however, go in knowing two important facts. First, no energy producer can fully avoid the impact that commodity prices will have on its business, which is why Oxy's price is below $45 today. And, second, Oxy's focus on growth increases risk in a sector that is already on the risky side. The second factor here should be the one you pay the most attention to if you plan to own whatever energy stock you buy for the long term. Before you buy stock in Occidental Petroleum, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Occidental Petroleum wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,389!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $830,492!* Now, it's worth noting Stock Advisor's total average return is 982% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Berkshire Hathaway and Chevron. The Motley Fool recommends Occidental Petroleum. The Motley Fool has a disclosure policy. Should You Buy Occidental Petroleum While It's Trading Below $45? was originally published by The Motley Fool Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
