Occidental ($OXY) podcast mentions
Per Ticker.id: 1 Occidental ($OXY) mention across 1 podcast (30 days) — timestamped, verifiable quotes, updated 2026-09-17.
A key cultural export, am I right? First though, let's do the numbers. Dow Industrials rebounded 316 points on the day, 0.6%, finished at 51,778. The Nasdaq climbed 439 points, 1.7%, 26,418. The S&P 500 added 85 points, 1.1% 1.4%, 76, and 37. Elizabeth Trovall was talking about growth in the global energy markets. It's going to need a mix of fossils and renewables. On the oil side of things, ConocoPhillips gained 0.5%. Occidental Petroleum did 0.1% on the day. The sun shined on solar panel maker First Solar, added 5.3% on the day. Bonds up, yield on the 10-year T-note backed off just a little bit, 4.93%. You'll Listening to Marketplace.
Kai Ryssdal · Marketplace · Home improvement stores feel the pinch · 2026-09-17I'm trying to lock it in and figure out what the hell's going I know there's some words I can't say with American accent. I can't say Australia without— with an American accent. It's just not possible. Yeah, we moved to England. That's when I discovered girls and guitars, and that was like this— the beginning for me. It was a band called Cliff and the Shadows, Cliff Richard and the Shadows. They were before the Beatles. And yeah, it was— and then I moved back to Australia, and then I went to Vietnam for a couple of months. And then I was, uh, what were you doing in Vietnam? Uh, '68, '69, I was, um, there was, uh, promoters in Saigon and Da Nang, and they were looking for the closest Occidental country was Australia. So the GIs wanted to see, you know, girls that reminded them of home. So as long as we had a couple of girls in the band, they would hire you and you could tour Vietnam during the war zone. It was, it was pretty insane. We were there for about 4 months.
Rick Springfield · The Joe Rogan Experience · #2550 - Rick Springfield · 2026-09-08It trades exactly the same way in terms of the dollar, you know, the dollar relationship as the other ones. So I'm like, 'Well, if they're just going to give away oil,' and, and they're, you know— so I went out and bought Occidental Petroleum. I mean, you know, if it's good enough for Warren Buffett, then it's good enough for me. And if, especially when I'm trying to look for something in that space. So I mean, look, I've made a lot of terrible choices too. I bought Boston Scientific at a horrible price and I sold it at even worse price. I did the same thing with Zoetis. I mean, you're not gonna get them all, but you know, if you can get most of them right, you know, you hopefully you make more money than you lose in the end.
Michael Kramer · Investing Experts · Hedging exposure in this volatile market · 2026-08-20Whatever you choose, uh, the beta, which I would describe as the extent to which the oil market outperforms the broad market, I think will be extremely pleasant. Uh, and the de-risked way to play that is Exxon, the finest company in the space. If you want to take a little more risk, great, buy Chevron. If you're willing to take some balance sheet risk, buy Occidental Petroleum. You know, Buffett had the courage to buy it.
Rick Rule · Thoughtful Money with Adam Taggart · Rick Rule: Oil Is Going Higher In Coming Years, Making Oil Stocks CHEAP Right Now · 2026-07-23Maybe you do too. Are we still at a point where you can buy into Occidental Petroleum At a buy-in price lower than Buffett's average price. Yep.
Adam Taggart · Thoughtful Money with Adam Taggart · Rick Rule: Oil Is Going Higher In Coming Years, Making Oil Stocks CHEAP Right Now · 2026-07-23And the price that Buffett paid matters less than the fact that 5 years from now the chickens come home to roost in the underinvestment in sustaining capital. Occidental's challenges are balance sheet challenges. You know, they took over Anadarko and that was a big, big, big, big, big bill. And, you know, those synergies are in the process of being realized as opposed to having been realized. Now, a lot of the balance sheet Sheet risk was ameliorated by selling a bunch of their infrastructure assets to Buffett. Uh, he put another $7 billion in the company by buying, you know, some of their gathering and transmission assets. That reduces some of the upside associated with those assets, but it takes away a bunch of the financial risk. If you want alpha, uh, depending on how you define alpha, uh, I suspect that in the U.S., the U.S. gas glut goes away in 2, 2.5 years. Uh, gas players include Devon, which recently completed a merger with Koterra, becoming the largest independent gas producer in the United States, and Equitable, uh, which is the key player in the U.S. Northeast, in the Marcellus, uh, the best place to meet supply and demand because there's plenty of both up there. If you want more alpha, I think you need to go north of the border. You need to go to Canada. In going to Canada, you need to understand too that there is real political risk there. The new leader of that country, uh, Carney, unlike his predecessor, can add and subtract. Uh, he understands that revenue from oil and gas is important for his spending plans, but he is still anti-hydrocarbon. The headline political risk is that the guy who runs the place doesn't like you, and that's a real risk that you need to consider. If you think that he will be brought to toe by reality, which is what I'm hoping, that opens up a lot of opportunity. Uh, we talked in prior interviews, uh, about my so-called Magnificent Seven of Canadian oil and gas stocks. That, uh, that number fell 7 weeks ago when Shell decided to take over ARK, which was also my favorite.
Rick Rule · Thoughtful Money with Adam Taggart · Rick Rule: Oil Is Going Higher In Coming Years, Making Oil Stocks CHEAP Right Now · 2026-07-23Yeah, so shareholder buybacks, I mean, each of these companies that are presenting at events, there are a couple of common things that one can track. Number one, we are going to maintain dividends, producer buybacks. Second thing is we are going to use AI to become better, to improve our efficiency. So CapEx discipline will always be right at the top of all these producers. And they would always love to showcase certain numbers as to how they can bring down DNC cost. DNC is drilling and completion costs to a sub-$600 per foot range in the Permian. So that is something they are also going to start looking at drilling. In fact, some of them already are drilling from 3 to 4-mile laterals to as far and stretching it to 5 miles, also using AI. A case in point, Devon, they recently said that they are now running over 850 wells that are being run autonomously using AI. And lastly, certain industry majors like Exxon, Chevron have always, always, and also Occidental, have always spoken about suffraccents, how they can use that to increase recoveries. So it's a combination of CapEx discipline, using technology further, further to lower D&C to sub-$600. There's a huge competition there quarter over quarter. Third, laterals reaching 5 miles and running wells using AI and all that, all the machine learning and the data. Okay.
Ashok Dutta · Oil Markets · US oil and gas M&A activity slows despite high prices and favorable regulatory regime · 2026-07-09You know, Valero, which is— if you put up this chart of Valero, that's the one. And people keep saying, well, should I do Conoco? Should I do Occidental? Don't do any of those. Do Valero because that's the pure play on what you just talked about. And it's not done. It's just going to keep going higher. And it is even the whole way because even straight up, Because that should have come down. I mean, David, you know that the gasoline— we export a lot of gasoline. So it's a tight market to begin with. And that's the market that the consumer voter is focused on.
Jim Cramer · Squawk on the Street · 9AM Hour: Stocks Shrug Off U.S-Iran Tensions, Chips Surge, PepsiCo CEO "First On CNBC" 7/9/26 · 2026-07-09Okay, so think about this, Eric. You go from a 10 year disinflation regime when in a unipolar world with less Gold, global conflicts. And you rotate into a multipolar world with more global conflicts, higher interest rates, higher inflation. That means your portfolio construction needs to have a totally different view. Companies that control hard assets and also value. So look here, growth versus value has failed here a lot since 2019. Big move over the last week. Big move. And I think this is the beginning of a colossal move over toward value. Because you think of value companies like look at Buffett, Buffett, Berkshire, big outperformance the last week or so from Berkshire, but they own a lot of companies that control hard assets. The Occidentals, petroleums of the world, right. So value companies, many of them today control oil and gas, natural gas, materials. And so that's a really colossal under owned part of the market. And so if you have 41 trillion in the NASDAQ 100, which was a lot of that's growth stocks, and you got this big IPOs and kind of like a massive overdose in the market on technology. When this rotation comes, you're going to see a big move out of growth into value. You can see it's really started this week and I see a lot more ahead. And then on slide 12, if you look at right there, big move out of the s and P500, which is a lot of tech stocks, over toward the Russell 2000. And you got a, you're breaking that down wedge there, which I think is pretty powerful move. So if you go into a period where there's too many IPOs that are coming in, there's too much money being sucked out of the market with new offerings and bond deals, you'll see a great migration out of the S and P back over toward the Russell 2000. And so that's an important part of this trade. The next one is oil services ON slide number 14, big outperformance this year. A lot of value names in there. The Weatherfords of the world, the Schlumbergers. They control a lot of valuable assets. The artificial intelligence potential of Schlumberger or SLB is literally one of the most exciting trades or investments I can think of in the market today. Everyone's in the chips. People have to start thinking of other parts of the market. They're going to benefit from artificial intelligence. The oil services is a big one and you can see their big outperformance versus the S&P.
Larry McDonald · Macro Voices · MacroVoices #536 Larry Mcdonald: The Migration is Upon us · 2026-06-11Well, I started really fascinated by investing and wanting to do it. I think I remember When I was 10 years old, my dad took me. My dad was a notoriously bad investor himself, so he didn't give me any good examples. He's a great lawyer, not a great investor, but he took me to meet a broker and I started investing. And then in high school, in the 11th grade, I got a job at the branch office of Bear Stern. Sorry, of Payne Weber, working for a guy named Alan Crown, who let me post his books and make cold calls. And I think we broke certain securities laws, but I think the statute of limitations is passed. I would trade options on Occidental Petroleum and Teledyne. There was a lot of volatility, and I think I had flurries of making money and lost all of it a couple of different times. But it was a good lesson. I continued doing it in college, and then my learning started really formally at Warburg Pincus, where I really learned to value enterprises as my first job across the spectrum of private equity and venture capital. I worked at a risk arb firm, which was really invaluable. And then skipping forward. I had way too many jobs in my 20s. But I got really serious at Jefferies. I had an amazing opportunity to work on the distressed debt desk there. I started out as a research analyst. I was just like drinking out of a fire hose. There was so much activity. The securities were so cheap coming out of distressed. And it was the 10,000 hours, 10,000 reps. We would write up different things every day. There were big blocks of debt to move, and I really got. That was my real learning point. And, you know, I stress this to people that, you know, everyone kind of sees mentorship as this sort of hierarchical thing where you, you know, learn from some wise older person. But it's. I. I learned a ton from my colleagues, from my own cohort, and I learned a ton from My customers, you know, like Eric Mindich was a boy wonder at, at Goldman. He was the youngest partner.
Dan Loeb · All-In with Chamath, Jason, Sacks & Friedberg · Dan Loeb: The Lost Art of Short Selling, and Why Stock Picking is Back · 2026-06-05the weekend, President Trump threatened to blow up Iran's infrastructure and gave a deadline of Tuesday night, President Trump announced a two week ceasefire and Iran pled reopen the Strait of Hormuz. We will see if the ceasefire leads anywhere. The combination of higher oil prices and increasing interest rates was just too much. The S and P closed the quarter down 4% and Nasdaq closed down 7% for the first time in decades. The P Es for software stocks are lower than the market multiple. The group has been humbled. Private equity went on a buying binge of software companies and now the private equity sector is buried in software. There is no question that every one of those transactions is underwater, and probably by a lot. Hi, this is Steve Eisman and welcome to another edition of the Weekly Wrap. This is for the week ending April 10, 2026, but recorded Thursday night, April 9. On this wrap we will discuss the following the war in Iran 2 a short primer on reasons for private equities growth 3 some more bad news on private credit and some actual good news too. 4 A summary of the first quarter and an analysis of how various sectors performed. And finally, I will also address comments from three viewers so let's get started. Iran News Iran, of course, remains of paramount importance to the global markets. Over the weekend, President Trump threatened to blow up Iran's infrastructure and gave a deadline of Tuesday night. At the last minute, President Trump announced a two week ceasefire and Iran pledged to reopen the Strait of Hormuz. On this news, oil prices collapsed, declining by over 15% and the S&P closed up 2.5%. We will see if the ceasefire leads anywhere. Vice President J.D. vance said Wednesday that the Iran ceasefire is a fragile truce. Vance also said that Iran's foreign minister had responded well to the ceasefire, but others in the country had been lying about the agreement. Late Wednesday, Iran accused the US of violating the ceasefire and said that the strait would remain closed. One early sticking point seems to be that the Iranians think that the ceasefire applies to Lebanon and the US and Israel say it does not. Until the war is finally settled, I am sure the market will continue to trade. Headlines Moving On I don't speak about private equity as frequently as private credit because private credit seems to be where all the risk is buried. Since private equity companies own many private credit funds, it is worth taking a detour today to look more closely at the huge growth in private equity since the great financial crisis. Private equity has been one of the fastest growing asset classes. According to McKinsey, private equity was 4 trillion in 2016 and and reached almost 9 trillion in 2025. Why has private equity grown so much? It's partially because of an intellectual disguise. Institutional investors care greatly about their Sharpe ratio. What's that? The Sharpe ratio is a financial metric that is used to evaluate an investment return relative to its risk. It calculates the excess return per unit of volatility. A High Sharpe ratio would be the result, for example, of strong returns coupled with low volatility. Every institutional investor covets that. Now, for many institutional investors post great financial crisis, a great appeal of private equity is, ironically, its opacity. Investing in public markets provides a valuation at every day. Investing in private equity appears to create smoother volatility because prices are given only on occasion. This allowed institutional investors to claim that they had greater Sharpe ratios than they did when they invested more in public markets pre gfc. Some commentators call this volatility laundering. Now it's totally true that the private equity strategy worked very well for many years by employing leverage during periods of low rates and financial repression. That private equity is also less volatile is just plain wrong. Just because you don't get a daily price does not mean that the asset class is less volatile. It just appears to be less volatile. And now the private equity sector is buried in software so much for the Sharpe ratio. Let's Get Back to Private Credit Not a week goes by without new bad news from the world of private credit. At the end of last week, Blue Owl announced that it had received elevated redemption requests for two of its private credit funds for the first quarter of 2026. The firm's flagship OCIC, with about 36 billion in assets under management, received redemption requests of an astonishing 21.9%. Blue Owl's smaller tech oriented fund OTIC, which is $3.3 billion in size, redeemed redemption requests of 41% during the same period. The firm cap redemption is at 5%. Wow. These redemption levels are unheard of. Also this week, Carlyle's flagship private credit fund, the Carlyle Tactical private credit fund CTAC, with 7 billion in assets, got a 16% redemption notice but only honored the 5% cap. Also this week, Moody's moved the outlook on the Blue Owl OCIC fund to negative because of the high redemption requests. Moody's also changed its outlook for the entire BDC industry to negative also because of elevated redemptions. This is typical of the ratings agencies who are notoriously slow to change their ratings. However, and this is very important, there was finally some good news in the world of private credit. Because of all the bad publicity, credit spreads have been widening, thereby making future private credit loans potentially more lucrative. Credit spreads widening is an indication of fear and stress in debt markets. When credit spreads get sufficiently wide, they can become attractive to investors. I will speak about this concept in much greater detail in a future masterclass lecture about debt and credit. On Tuesday, Blackstone announced that it closed a $10 billion opportunistic credit fund, the company said. The fund, called Blackstone Capital Opportunities Fund 5, was oversubscribed. This fund was sold only to institutional investors. In addition, Goldman announced that it had already lined up more than 10 billion in institutional commitments for a new direct lending drawdown fund in just a few weeks. Now let's talk about the first quarter. The first quarter is over and earnings season starts next week. So it's a good time to take a step back and review what has happened. Which sectors and companies have done well and not so well, and what lessons can we learn? This was a tough quarter, but it did not start out that way. In January, the S and P was up a bit over 1%. Thereafter, the market began to wobble because of fears about the impact of AI on multiple sectors and also the potential for rising losses in private credit. There seem to be daily stories on both of these issues. So for example, Anthropic seemed to announce a new product almost daily. Products that might impact insurance brokers, wealth managers, software, etc. Investors freaked out on every story. Bad news on private credit was an almost daily event. But those two risks were shunted off of the front page by the war in Iran. Before the war began, the 10 year was at 3.95% and oil prices were around $70. Oil prices jumped above 100 and that created fear that inflation was just around the corner. Now normally in times of stress, investors buy Treasuries, but not this time. The 10 year got as high as 4.4%. The combination of higher oil prices and increasing interest rates was just too much. The S and P closed the quarter down 4% and Nasdaq closed down 7%. One more point about the relationship between interest rates and the equity markets. Over the last four years, 4.5% on the 10 year has proven to be an important boundary for equity performance. Once the 10 year breaches 4.5%, the market tends to sell off. We got close, so if the war lasts much longer and oil prices climb further, that barrier could be breached. Now let's turn to how the various sectors performed. The S&P 500 is divided into 11 sectors. In the table I'm putting on the screen, I show how each of the sectors performed during the first quarter of 2026. Now I'll also recite the statistics. Right now, because many viewers are audio only. Six out of 11 sectors were up during the quarter. Energy up 37%, material 9%, utilities 8%, consumer staples 7%, industrials 4% and real estate 2%. The remaining five sectors were all down. Healthcare down 5%, communication services down 7%, infotech down 9%, consumer discretionary also down 9% and financials the worst down 10%. Only the energy sector had an outsized performance, and that is solely because of the war. If the war ended tomorrow, the sector would decline precipitously, just like it did this Wednesday on the ceasefire announcement. Still, the performance was very impressive, with for example, Occidental and Valero up 58% and 52% respectively. Quite impressive. Let me just add one thing about the energy sector. The US Energy sector is about the size of the entire Saudi Arabian economy, and yet, despite its importance, energy is only 4% of the S&P 500. Yes, energy prices are important, but the US economy is so large and diversified that a sector the size of Saudi Arabia is just a small part of our overall economy. A quick word on utilities and consumer staples, which were both up 7%. Plus. Why were they up in a down market? Simple. When investors get nervous, they seek safety, and consumer staples and utilities are always viewed as safety plays. Now compare that to health care, which has traditionally also been viewed as a safety sector, but not this time. As we've discussed in our podcast many times, the part of health care that is viewed as the best safety play has traditionally been health insurance. But as we all know, the health insurance sector is experiencing wrenching problems in every one of its businesses, from rising health care costs to a lack of price increases in Medicare. As a result, health care was down 5% during the quarter, with UNH, Centene and Humana down 18%, 20% and 32% respectively. By the way, health insurance finally got a piece of good news this week. In February, the government announced that it was increasing Medicare Advantage pricing by only 0 0.09% in 2027. Basically 0. That was a preliminary estimate and health insurance stocks declined precipitously. On that news Monday night, the government issued final pricing data and increased pricing by 2.5% versus the original 0.09%. Now, 2.5% is not great. Investors had originally been hoping for 5%. Still, 2.5% is better than literally zero. And health care stocks were up after hours. UNH was up 10% on Tuesday. I'm guessing most of this move is short covering by hedge funds. Now let's discuss infotech. The sector was down 9%. Tech is also the largest sector in the S&P 500 at 33%. So if tech is down 9%, it would be almost impossible for the market to be up. Why was tech down? It has less to do with the war and everything to do with AI.
Steve Eisman · The Real Eisman Playbook · Q1 Market Recap_ How Private Credit, AI, & War Have Dominated 2026 So Far | The Weekly Wrap · 2026-04-10