OXY closed at $34.22 today.
Off a bit more than -50% from its 52W high and way down from the mid-$80’s 2 years ago.
Dividend is now at 8.73% yield as WT slides below $50.
Check out OXY’s market cap; true capital destruction!
If price goes below $45/bbl, OXY cuts divvie and all hell breaks out
Everyone knew it was a stupid acquisition - VH was told but didn’t listen. Nobody to blame but herself.
Queen Bee gotta go. Terrible leadership and more proof women should not be in charge of anything important.
Down over 15% today
Stock is now $27.25 and oil is below $43/barrel. What next? Your job?
Another 10% drop today. Now hanging around $28. Another video from Vicky soon?
Almost all stocks were up today except Oxy and Chesapeake. #Winning!
@1epz: Yes, everyone is taking it on the chin right now. That's not what I'm talking about. I'm a long term investor, and not a short term investor. I don't care about the daily price fluctuations. I care about long term value. And the point is that by hitting 15 year lows, we have not generated value for our investors for years and years. Myself included. EOG and COP (which you mentioned) are both doing much better than us in that regard. Yes, CHK and ECA are doing worse, but that's like saying you're prettier than the ugliest folks at the ball. We're still very ugly to investors, myself included. I'd never buy more stock than I already have. If you're proud of our stock performance, then hold your head up high. I am not a pollyanna, I am not proud of my company's performance, and so to me it's just a job. No sugar coating it. That's reality.
Oxy is down for sure, but before you point just to Oxy go check the other oil stocks. Poor CHK is at .30 cents. Encana is down to 11.90 7.89% from previous. EOG is down 5.66%, COP is down 4.94%. Oxy was down already due to the APC deal, but everyone is taking it on the chin right now in oil. The airlines and top DOW players are down as well. As long as the dividend holds Oxy is a bargain.
@1cgh: Are you serious?!?! It always recovers? Oh, because you've seen this before? The last time Oxy's stock was this low was early 2005. A 15 year low does not create confidence that it "always recovers" as you say. Ridiculous. No wonder the average investor wants nothing to do with us. Oh well, it's just a job.
It’s manipuLated. Just shock reaction to the markets wild Coronavirus swings. Ridiculous and am not taking it seriously. Been through several wild swings on market stuff past year and always recovers. Hold tight.