Occidental Petroleum: On Sale After 15% Pullback

By Mel Daris:Occidental Petroleum (OXY) beat analyst estimates with its third quarter earnings of $1.70 per share, slightly above the Zacks Consensus Estimate of $1.63.

By Robert Broens: Shares of Occidental Petroleum (OXY) fell almost 5% over the past trading week. The energy company reported its third quarter results on Thursday before the market open. Third Quarter Results

By Mel Daris:The second quarter of this year was the seventh consecutive quarter of record domestic production for Occidental Petroleum (OXY), which raised its total domestic production to 462,000 boe per day, 9% higher than the same quarter of 2011.

By Cris Frangold: Falling commodity prices led Occidental Petroleum Corporation (OXY) to report lower second quarter earnings this year against the comparable period last year, as did most other exploration and production companies hit by declining realizations on natural gas and oil.

By Peter Pham:Marthan Oil (MRO) and Occidental Petroleum Corporation (OXY) recently announced their Q4 results with both companies reporting a decline in earnings. Marathon's earnings dropped by 41%, while Occidental reported a whopping 79% decline in its earnings.

Cenovus Energy Inc reported a fourth-quarter operating loss as it wrote down the value of its natural gas assets in southeast Alberta, and said it expects more pressure on costs this year due to higher fuel and power prices. The company recorded a net loss of $118-million, or 16 cents per share, compared with a profit of $266-million, or 35 cents per share, a year earlier.

By Qineqt: Occidental Petroleum Corporation (OXY) We have a positive outlook on OXY due to its strong fundamentals and its majority share of domestic oil production. We also favor OXY because it is primarily a liquids play (70%) and has a strong dividend yield of 2.5%. Industry

By Bret Jensen:Very few sectors of the market have been hit harder than the oil & gas exploration companies over the last six months. Historically low natural gas prices and falling oil prices have hit the area hard. Several stocks that have heavy exposure to natural gas production have been decimated. Forest Oil (FST) is one those unlucky equities.