BMY stock: 百时美施贵宝公司（Bristol-Myers Squibb Company）

百时美施贵宝公司（Bristol-Myers Squibb Company）是一家以科研为基础的全球性的从事医药保健及个人护理产品的多元化企业，其主要业务涵盖医药产品、日用消费品、营养品及医疗器械。在美国已有100多年历史的百时美施贵宝，今天已发展成为一家年销售额为200多亿美元，遍及世界120多个国家和地区，拥有54000多名员工的全球性企业。

公司名称

百时美施贵宝公司

外文名

Bristol-Myers Squibb Company

总部地点

美国纽约

经营范围

医药保健及个人护理产品

年营业额

261.45 亿美元(2020年) [1] 

 

公司简介

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多元化企业，公司总部设在美国纽约。公司在治疗心血管疾病、代谢及传染性疾病、中枢神经系统疾病、皮肤疾病以及癌症的创新药物研制方面居全球领先地位。在消费者自疗药品、婴儿配方奶粉和美发产品的研制、生产方面，百时美施贵宝同样处于世界领先地位。公司全力支持全球性的科研创新，每年从事科研及开发的经费超过 15亿美元。该公司的药物研究所在世界各地设立了10家主要的研究机构，有4,200多名科学家及工作人员进行科研工作。在任何时候，至少有50多个项目在同时进行不间断的研究活动。

百时美施贵宝的前身是1887年由威廉姆·M·布里斯托尔（William McLaren Bristol）和约翰·R·迈耶斯（John Ripley Myers）在纽约州克林顿创办的克林顿制药公司，1898年更名为布里斯托尔·迈耶斯公司（Bristol, Myers Company），1900年公司注册为股份公司，并将业务重点转向药品的批发与零售，公司从此得到了迅速发展。1924年，公司总利润第一次达到100万美元，其产品销往26个国家。良好的业绩带来一系列的变化，1929年，公司股票在纽约上市。1943年，公司收购切普林生物技术实验室（Cheplin Laboratories），并为盟军部队大量生产盘尼西林及抗生素类药品。

二战后，公司继续发展，同时展开了大规模的兼并。其中包括1959年收购假发厂家Clairol公司。另外还有家用产品制造商Drackett公司（1965）、外科产品公司 Zimmer制造业公司（1972）、牙科产品制造商Unitek公司（1978）等。同时，公司还获得了国家保健研究所等单位开发的抗癌药品的销售权。 1974—1980年间，公司有11种抗癌新药投入市场，为公司带来2亿美元的利润。1986年，公司又兼并了生物技术企业基因系统公司（GSC）。在此期间，公司还在治疗和控制艾滋病方面，取得了突出的市场地位。

施贵宝公司是由爱德华·R·施贵宝（Edward Robinson Squibb）医生于1856年在纽约的布鲁克林（Brooklyn, New York）创立的，以生产纯净乙醚为主。1905年，施贵宝的儿子将公司卖给默克公司创始人西奥多·威克。1909—1929年间，公司的年销售额从 41.4万美元猛增到1.3亿美元。二战期间，公司成为吗啡和盘尼西林的主要供应商。1946年，公司向拉美、欧洲等地扩张，在墨西哥、意大利以及阿根廷设立生产厂家。1971年，公司更名为施贵宝股份有限公司。1975年，年销售额达10亿美元。

1989年，布里斯托尔·迈耶斯公司和施贵宝股份有限公司合并，组成今天的百时美施贵宝，合并价值高达127亿美元。

百时美施贵宝在中国

百时美施贵宝公司在中国有三个法人单位，即：百时美施贵宝（中国）投资有限公司、中美上海施贵宝制药有限公司和百时美施贵宝（上海）贸易有限公司。中美上海施贵宝制药有限公司成立于1982年，是中国第一家中美合资的制药企业。2007年，中美上海施贵宝公司隆重庆祝在华成立25周年。

此外，百时美施贵宝的兄弟公司美赞臣也于1997年来到中国，以高品质的婴儿营养产品成为市场的领导者。同年，百时美施贵宝公司还向中国市场引进了康复宝先进的医疗造口和创伤治疗产品。

主要业务：

1982年，建立中美上海施贵宝制药有限公司，1985年正式开业, 生产销售医药产品

1992年，设立百时美施贵宝中国肿瘤药物部，销售进口抗癌药物

1995年，设立百时美施贵宝公司（中国）投资有限公司

1997年，建立美赞臣（广州）有限公司，生产销售婴幼儿营养品等

1997年，设立百时美施贵宝(上海)贸易有限公司，进出口各类医药产品、原材料和设备

惊人的利润率

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在2010年全球五百强企业排行中百时美施贵宝公司由2010年的405为降到为2011年的500位。其营业额为194.84亿美元，而利润为31.02亿美元，利润率高达49.05%。

企业荣誉

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2020年5月18日，百时美施贵宝公司位列2020年《财富》美国500强排行榜第115位。 [2] 

2020年8月10日，百时美施贵宝公司（BRISTOL-MYERS SQUIBB)名列2020年《财富》世界500强排行榜第487位。 [3] 

2021年6月2日，位列2021年《财富》美国500强排行榜第75 [4]  位。

OXY stock: Momentum investing | Zacks Equity research

Are You Looking for a Top Momentum Pick? Why Occidental Petroleum (OXY) is a Great Choice

Here is the article written on Oct. 25, 2021 

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at Occidental Petroleum (OXY), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.

It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Occidental Petroleum currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.

Set to Beat the Market?

In order to see if OXY is a promising momentum pick, let's examine some Momentum Style elements to see if this oil and gas exploration and production company holds up.

Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.

For OXY, shares are up 7.17% over the past week while the Zacks Oil and Gas - Integrated - United States industry is up 0.79% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 20.75% compares favorably with the industry's 10.95% performance as well.

Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Shares of Occidental Petroleum have increased 30% over the past quarter, and have gained 238.62% in the last year. On the other hand, the S&P 500 has only moved 4.37% and 33.21%, respectively.

Investors should also take note of OXY's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, OXY is averaging 19,859,086 shares for the last 20 days.

Earnings Outlook

The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with OXY.

Over the past two months, 7 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost OXY's consensus estimate, increasing from $0.96 to $1.59 in the past 60 days. Looking at the next fiscal year, 7 estimates have moved upwards while there have been no downward revisions in the same time period.

Bottom Line

Taking into account all of these elements, it should come as no surprise that OXY is a #1 (Strong Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Occidental Petroleum on your short list.

 

Oil stocks: 15 biggest oil companies | 15 PARR, 14 DVN 13 CHK 12 DK 11 PXD 10 PBF 9 HFC 8 EOG 7 OXY 6 VLO 5 COP 4 PSX 3 MPC 2 CVX 1 XOM

 Oct. 25, 2021

15 biggest oil companies | Huge profit (DVN, PSX, MPC, CVX, XOM, CHK, OXY)  | Texas (DVN, PSX, MPC, CVX, XOM, CHK, OXY) | 15 PARR, 14 DVN 13 CHK 12 DK 11 PXD 10 PBF 9 HFC 8 EOG 7 OXY 6 VLO 5 COP 4 PSX 3 MPC 2 CVX 1 XOM

Here is the article. 

15 biggest oil companies | Huge profit (DVN, PSX, MPC, CVX, XOM, CHK, OXY)  | Texas (DVN, PSX, MPC, CVX, XOM, CHK, OXY) | 15 PARR, 14 DVN 13 CHK 12 DK 11 PXD 10 PBF 9 HFC 8 EOG 7 OXY 6 VLO 5 COP 4 PSX 3 MPC 2 CVX 1 XOM

The oil industry got clobbered in 2020 and continues to face volatility amid the coronavirus crisis. However, oil investors are hopeful as countries begin to vaccinate their populations and industries restart their operations. Recently, the International Energy Agency said in a report that it expects oil demand to hit 100.6 million barrels for the first time since late 2019 in the last quarter of 2022. However, the agency noted that the slow pace of vaccinations in Asia could dent the expected recovery.

Nonetheless, analysts believe that oil companies have seen the rock bottom and are set to gain in the coming months. Despite the global push towards renewable energy and price fluctuations, the oil industry is expected to thrive for years to come, with major oil companies like Devon Energy (NYSE:DVN), Phillips 66 (NYSE:PSX), Marathon Petroleum (NYSE:MPC), Chevron (NYSE:CVX), Exxon Mobil (NYSE:XOM), Chesapeake Energy (NYSE:CHK) and Occidental Petroleum (NYSE:OXY) expecting huge profits.

Pixabay/Public Domain

The oil and gas industry is a major player in the U.S. economy, and contributes close to 6 million jobs, or 5.6% of total employment in the United States, which is absolutely massive, with a lot of these coming from the biggest oil companies in USA.

Within the United States, the leading oil producer is the state of Texas, which is followed by the Gulf of Mexico, North Dakota and New Mexico. Several companies like Devon Energy (NYSE:DVN), Phillips 66 (NYSE:PSX), Marathon Petroleum (NYSE:MPC), Chevron (NYSE:CVX), Exxon Mobil (NYSE:XOM), Chesapeake Energy (NYSE:CHK) and Occidental Petroleum (NYSE:OXY) have operations in Texas.

To determine the biggest oil companies in USA, we used data from Fortune 500, which ranks and provides information on the top 500 companies in the United States. We used revenue, profits, assets and total employees of the company as per the latest report to calculate our own rankings, giving precedence to revenue and assets over profits and employees. After all, Amazon was a loss making company just up to a few years ago, but was still among the biggest retailers in the world. So without further ado, let's take a look at the companies dominating one of the cornerstones of the American economy, starting with number 15:

15. Par Pacific Holdings (NYSE:PARR)

• Total revenue of the company in 2019 (in millions of dollars): 5,402
• Total profits of the company in 2019 (in millions of dollars): 41
• Total assets of the company in 2019 (in millions of dollars): 2,701
• Total employees of the company in 2019: 1,408

Par Pacific is headquartered in Houston, Texas and is the owner of the largest refinery in the state of Hawaii.

14. Devon Energy (NYSE:DVN)

• Total revenue of the company in 2019 (in millions of dollars): 7,372
• Total profits of the company in 2019 (in millions of dollars): -355
• Total assets of the company in 2019 (in millions of dollars): 13,717
• Total employees of the company in 2019: 1,800

Devon Energy is engaged in hydrocarbon exploration, and was founded half a century ago in 1971. The company currently has around 752 million barrels of oil reserves. It has been involved in the acquisition of several acquisitions over the years, worth several tens of billions of dollars.

13. Chesapeake Energy (NYSE:CHK)

• Total revenue of the company in 2019 (in millions of dollars): 8,489
• Total profits of the company in 2019 (in millions of dollars): -308
• Total assets of the company in 2019 (in millions of dollars): 16,193
• Total employees of the company in 2019: 2,300

Headquartered in Oklahoma City, Oklahoma, the company was founded 32 years ago in 1989 and produces more than 445,000 barrels of oil a day. It is also among the 100 most polluting companies in the world, ranking 90th, according to the Guardian. Like Devon Energy (NYSE:DVN), Phillips 66 (NYSE:PSX), Marathon Petroleum (NYSE:MPC), Chevron (NYSE:CVX), Exxon Mobil (NYSE:XOM) and Occidental Petroleum (NYSE:OXY), Chesapeake is one of the biggest oil companies in the US.

12. Delek US Holdings (NYSE:DK)

• Total revenue of the company in 2019 (in millions of dollars): 9,298
• Total profits of the company in 2019 (in millions of dollars): 311
• Total assets of the company in 2019 (in millions of dollars): 7,016
• Total employees of the company in 2019: 3,707

Founded in 2001, the 20 year old company is a diversified downstream energy company and is headquartered in Tennessee.

11. Pioneer National Resources (NYSE:PXD)

• Total revenue of the company in 2019 (in millions of dollars): 9,304
• Total profits of the company in 2019 (in millions of dollars): 756
• Total assets of the company in 2019 (in millions of dollars): 19,067
• Total employees of the company in 2019: 2,323

Pioneer is engaged in hydrocarbon exploration and is currently headquartered in Irving, Texas. The company currently has more than 1.2 billion barrels of oil reserves. Like Devon Energy (NYSE:DVN), Phillips 66 (NYSE:PSX), Marathon Petroleum (NYSE:MPC), Chevron (NYSE:CVX), Exxon Mobil (NYSE:XOM), Chesapeake Energy (NYSE:CHK) and Occidental Petroleum (NYSE:OXY), PXD is one of the biggest oil companies in USA.

10. PBF Energy (NYSE:PBF)

• Total revenue of the company in 2019 (in millions of dollars): 24,508
• Total profits of the company in 2019 (in millions of dollars): 319
• Total assets of the company in 2019 (in millions of dollars): 9,132
• Total employees of the company in 2019: 3,442

PFB Energy is one of the newer countries in our list, having only been founded 13 years ago in 2008. However, it has grown quite fast in the past decade.

9. HollyFrontier (NYSE:HFC)

• Total revenue of the company in 2019 (in millions of dollars): 17,487
• Total profits of the company in 2019 (in millions of dollars): 772
• Total assets of the company in 2019 (in millions of dollars): 12,165
• Total employees of the company in 2019: 4,074

HollyFrontier is headquartered in Dallas, Texas and was founded 74 years ago in 1947.

8. EOG Resources (NYSE:EOG)

• Total revenue of the company in 2019 (in millions of dollars): 17,380
• Total profits of the company in 2019 (in millions of dollars): 2,735
• Total assets of the company in 2019 (in millions of dollars): 37,125
• Total employees of the company in 2019: 2,900

You will find a few of the biggest oil companies in USA headquartered in Houston, Texas and EOG is exactly the same. The company was founded 22 years ago in 1999. Like Devon Energy (NYSE:DVN), Phillips 66 (NYSE:PSX), Marathon Petroleum (NYSE:MPC), Chevron (NYSE:CVX), Exxon Mobil (NYSE:XOM), Chesapeake Energy (NYSE:CHK) and Occidental Petroleum (NYSE:OXY), EOG is one of the biggest oil companies in USA.

7. Occidental Petroleum (NYSE:OXY)

• Total revenue of the company in 2019 (in millions of dollars): 21,971
• Total profits of the company in 2019 (in millions of dollars): -667
• Total assets of the company in 2019 (in millions of dollars): 109,330
• Total employees of the company in 2019: 14,400

Founded in 1920, the company is just over a century old and has operations in various countries including the Middle East, Colombia, Canada and Chile.

6. Valero Energy (NYSE:VLO)

• Total revenue of the company in 2019 (in millions of dollars): 102,729
• Total profits of the company in 2019 (in millions of dollars): 2,422
• Total assets of the company in 2019 (in millions of dollars): 53,864
• Total employees of the company in 2019: 10,222

One of the biggest oil companies in USA, Valero was founded 41 years ago in 1980 and operates 15 refineries, with 1 in Wales. The company also has at least 6,800 retail and branded wholesale outlets in various countries including the United Kingdom, Canada, the United States as well as the Caribbean. One of its most popular brands is the Texaco brand. Like Devon Energy (NYSE:DVN), Phillips 66 (NYSE:PSX), Marathon Petroleum (NYSE:MPC), Chevron (NYSE:CVX), Exxon Mobil (NYSE:XOM), Chesapeake Energy (NYSE:CHK) and Occidental Petroleum (NYSE:OXY), Valero is one of the biggest oil companies in USA.

5. ConocoPhillips (NYSE:COP)

• Total revenue of the company in 2019 (in millions of dollars): 36,670 
• Total profits of the company in 2019 (in millions of dollars): 7,189
• Total assets of the company in 2019 (in millions of dollars): 70,514
• Total employees of the company in 2019: 10,400

ConocoPhillips was founded 146 years ago back in 1875. It is currently, like many of the biggest oil companies in USA, headquartered in Texas, in the city of Houston. It is responsible for the biggest oil reserve discovery of 2020, with between 75.5 million to 201 million barrels of oil discovered. In 2019, the company was producing around 1,348 thousand barrels of oil daily and is also considered to be one of the biggest polluters in the world.

4. Phillips 66 (NYSE:PSX)

• Total revenue of the company in 2019 (in millions of dollars): 109,559
• Total profits of the company in 2019 (in millions of dollars): 3,076 
• Total assets of the company in 2019 (in millions of dollars): 58,720
• Total employees of the company in 2019: 14,500

Phillips 66 was founded 94 years ago in 1927 and is currently headquartered in Houston, Texas. The company has activities in at least 65 countries across the world, and is one of the few companies in the world to have revenues of more than $100 billion.

3. Marathon Petroleum (NYSE:MPC)

• Total revenue of the company in 2019 (in millions of dollars): 124,813
• Total profits of the company in 2019 (in millions of dollars): 2,637
• Total assets of the company in 2019 (in millions of dollars): 98,556
• Total employees of the company in 2019: 60,910

Marathon Petroleum used to be a subsidiary of Marathon Oil, before becoming a spin-off back in 2011. The company is currently headquartered in Ohio and has at least 6,900 retail outlets which are independently owned as well as 1,100 direct dealer locations.

2. Chevron (NYSE:CVX)

• Total revenue of the company in 2019 (in millions of dollars): 146,516
• Total profits of the company in 2019 (in millions of dollars): 2,924 
• Total assets of the company in 2019 (in millions of dollars): 237,428
• Total employees of the company in 2019: 48,200

Founded 141 years ago, Chevron is currently 141 years old and one of the most recognizable oil companies in the world, maintaining a presence in more than 180 countries as well as being involved in every aspect of the oil industry.

1. Exxon Mobil (NYSE:XOM)

• Total revenue of the company in 2019 (in millions of dollars): 264,938
• Total profits of the company in 2019 (in millions of dollars): 14,340
• Total assets of the company in 2019 (in millions of dollars): 362,597
• Total employees of the company in 2019: 74,900

The direct descendant of Standard Oil, the largest oil company in US history, Exxon Mobil currently easily tops the rank of the biggest oil companies in USA. Exxon Mobil is headquartered in the biggest oil producing state in America, Texas , and by revenue, is the second biggest company in the United States. The company is also responsible for one of the biggest oil spills in history because of the 1989 Exxon Valdez oil spill.

 

APA vs OXY: StockNews | By Subhasree Kar | Written on Oct. 12, 2021

Here is the article. 

By Subhasree Kar

APA Corporation (APA - Get Rating) in Houston Tex., explores for and produces oil and gas properties. It has operations in the United States, Egypt, and the United Kingdom, and has exploration activities offshore Suriname. In comparison, Occidental Petroleum Corporation (OXY - Get Rating), which is also based in Houston, acquires, explores for, and develops oil and gas properties in the United States, the Middle East, Africa, and Latin America. The company operates through three segments: Oil and Gas, Chemical and Marketing, and Midstream.

The price of Brent crude has rallied by more than 60% this year, nearing its three-year high, fueled by energy crunch fears. Despite the multi-year high prices, OPEC is firm in its decision to expand its supply gradually rather than raising the output meaningfully to meet the rebounding demand. Moreover, U.S. shale oil production is expected to grow at a “modest rate” over the next 18 months. Record-high gas prices have encouraged a switch to oil for power generation, further spurring the oil price rally. The price momentum should bode well for the oil-producing companies APA and OXY.

APA’s shares have gained 41.5% in price over the past six months, while OXY has gained 35.8%. However, OXY’s 92.9% gains year-to-date compare with APA’s 72.1% returns. In terms of the past year’s performance, OXY is the clear winner with 208.6% price gains versus APA’s 152.5%.

Note that APA is one of the few stocks handpicked currently in the Reitmeister Total Return portfolio. Learn more here.

But which stock is a better buy now? Let’s find out.

Latest Developments

On October 11, APA completed routine flaring in its U.S. onshore operations, achieving one of its 2021 ESG goals three months ahead of schedule. This demonstrates the company’s commitment to emission reduction and achieving its sustainability targets.

In September, APA declared a 6.25 cents per share regular dividend, up from 2.5 cents per share, payable November 22, 2021. On an annualized basis, the dividend increased to 25 cents per share, up 150% from the previous annualized level.

7 SEVERELY UNDERVALUED STOCKS

On July 28, OXY declared a regular quarterly dividend of $0.01 per share on common stock, payable on October 15, 2021, to stockholders of record as of September 10, 2021.

Also in July, OXY announced its definitive agreement with an affiliate of Colgate Energy Partners III, LLC. to sell its non-strategic acreage in the Permian Basin. The company intends to use the proceeds from the sale to pay down debt.

Recent Financial Results

APA’s total revenues increased 133.5% year-over-year to $1.76 billion in its fiscal second quarter, ended June 30. Its net income attributable to common stock stood at $316 million, up 181.9% from the same period last year. The company’s EPS increased 180.4% year-over-year to $0.82. In addition, net cash provided by operating activities rose 1,053.6% from its year-ago value to $969 million.

For the second quarter, ended June 30, OXY’s revenues increased 101.9% year-over-year to $6.01 billion. Its income from continuing operations grew substantially from its negative year-ago value to $100 million. Its net loss attributable to common stockholders declined 98.8% from the same period last year to $97 million. The company’s loss per share decreased 98.9% year-over-year to $0.10.

Past and Expected Financial Performance

APA’s revenues and EBITDA have declined at CAGRs of 2.9% and 7.1%, respectively, over the past three years. Analysts expect APA’s revenue to increase 32.8% in the current quarter, 48.6% in the current year, and 1.1% in the following year. The company’s EPS is expected to grow by 2,060% in the current quarter and 418.5% in the current year.

In comparison, OXY’s revenues and EBITDA have grown at CAGRs of 10.8% and 7.1%, respectively, over the past three years, respectively. Analysts expect the company’s revenue to increase 87.9% in the current quarter, 51.2% in the current year, and to decline 1% in the next year. The company’s EPS is expected to grow 176.9% in the current quarter and 134.8% in the current year.

Profitability

APA is more profitable, with gross profit and EBITDA margins of 62.67% and 53.36%, versus OXY’s 56.93% and 42.93%.

Furthermore, APA’s 215.11% ROE compares with OXY’s negative 21.18%.

Thus, APA is more profitable here.

Valuation

In terms of forward EV/Sales, OXY is currently trading at 3.06x, which is 8.8% higher than APA’s 2.79x. Also, OXY’s 5.75 forward EV/EBITDA ratio is 26.6% higher than APA’s 4.22.

Thus, APA is relatively affordable here.

POWR Ratings

APA has an overall B rating, which equates to Buy in our proprietary POWR Ratings system. In contrast, OXY has an overall rating of C, which translates to Neutral. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.

APA has a Growth grade of B, consistent with its stable rise in financials in the latest quarter. In contrast, OXY has a Growth grade of C, which is in sync with its mixed financials.

Both stocks have A grades for Momentum. This is justified because they are trading well above their respective 50-day and 200-day moving averages.

Of the 90 stocks in the Energy – Oil & Gas industry, APA is ranked #2, while OXY is ranked #25.

Beyond what we’ve stated above, we have also rated the stocks for Stability, Value, Quality, and Sentiments. Click here to view APA Ratings. Also, get all OXY ratings here.

The Winner

Oil-producing companies have gained significantly over the past year. Because the OPEC+ consortium has no intention of increasing supply rapidly, oil prices are expected to remain high in the near term. Given this backdrop, APA and OXY are expected to perform well. However, we think its lower valuation and higher profitability make APA the better choice here.

Our research shows that odds of success increase when one invests in stocks with an Overall Rating of Strong Buy or Buy. View all the top-rated stocks in the Energy – Oil & Gas industry here.

OXY stock: Debt issue | Simply Wall st

Oct. 25, 2021

Here is the article.

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the permanent loss of capital.' So it seems the smart money knows that debt - which is usually involved in bankruptcies - is a very important factor, when you assess how risky a company is. As with many other companies Occidental Petroleum Corporation (NYSE:OXY) makes use of debt. But should shareholders be worried about its use of debt?

What Risk Does Debt Bring?

Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price. Part and parcel of capitalism is the process of 'creative destruction' where failed businesses are mercilessly liquidated by their bankers. However, a more usual (but still expensive) situation is where a company must dilute shareholders at a cheap share price simply to get debt under control. Of course, the upside of debt is that it often represents cheap capital, especially when it replaces dilution in a company with the ability to reinvest at high rates of return. When we think about a company's use of debt, we first look at cash and debt together.

See our latest analysis for Occidental Petroleum

What Is Occidental Petroleum's Debt?

The image below, which you can click on for greater detail, shows that Occidental Petroleum had debt of US$37.2b at the end of June 2021, a reduction from US$40.2b over a year. On the flip side, it has US$4.57b in cash leading to net debt of about US$32.6b.

How Strong Is Occidental Petroleum's Balance Sheet?

We can see from the most recent balance sheet that Occidental Petroleum had liabilities of US$9.59b falling due within a year, and liabilities of US$52.1b due beyond that. On the other hand, it had cash of US$4.57b and US$3.29b worth of receivables due within a year. So it has liabilities totalling US$53.8b more than its cash and near-term receivables, combined.

The deficiency here weighs heavily on the US$24.8b company itself, as if a child were struggling under the weight of an enormous back-pack full of books, his sports gear, and a trumpet. So we definitely think shareholders need to watch this one closely. At the end of the day, Occidental Petroleum would probably need a major re-capitalization if its creditors were to demand repayment. The balance sheet is clearly the area to focus on when you are analysing debt. But it is future earnings, more than anything, that will determine Occidental Petroleum's ability to maintain a healthy balance sheet going forward. So if you want to see what the professionals think, you might find this free report on analyst profit forecasts to be interesting.

Over 12 months, Occidental Petroleum made a loss at the EBIT level, and saw its revenue drop to US$20b, which is a fall of 11%. That's not what we would hope to see.

Caveat Emptor

While Occidental Petroleum's falling revenue is about as heartwarming as a wet blanket, arguably its earnings before interest and tax (EBIT) loss is even less appealing. To be specific the EBIT loss came in at US$119m. Considering that alongside the liabilities mentioned above make us nervous about the company. It would need to improve its operations quickly for us to be interested in it. For example, we would not want to see a repeat of last year's loss of US$5.2b. And until that time we think this is a risky stock. When I consider a company to be a bit risky, I think it is responsible to check out whether insiders have been reporting any share sales. Luckily, you can click here ito see our graphic depicting Occidental Petroleum insider transactions.

Of course, if you're the type of investor who prefers buying stocks without the burden of debt, then don't hesitate to discover our exclusive list of net cash growth stocks, today.

 

 

UBC 10 K run: Outdoor activities

Next stop | After UBC 10 KM run | Jerico beach 

 Original size | My favorite pictures

Thermo Fisher Scientific CEO Marc Casper on provisioning the front lines in the pandemic

 Oct. 24, 2021 

Here is the link. 

Governments, healthcare providers, and pharmaceutical companies are battling COVID-19 on different fronts. Thermo Fisher Scientific is at the nexus of all of these endeavors.