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Globe and Mail
20 minutes ago
- Globe and Mail
Can Rising Reserves Continue to Fuel OXY Stock's Long-Term Growth?
Occidental Petroleum Corporation OXY is strategically positioned to benefit from its expanding oil and gas reserves, which are critical to supporting long-term production growth and value creation. As global demand for energy remains resilient amid economic and population growth, Occidental's growing resource base ensures sustained output capacity and a competitive edge in the upstream market. The company's reserve additions through successful exploration, improved recovery techniques and strategic acquisitions, particularly in the prolific Permian Basin, strengthen its asset portfolio. These low-cost, high-yield reserves enhance Occidental's ability to generate free cash flows across varying commodity price cycles, reinforcing its capital discipline and shareholder return framework. Occidental ended 2024 with a proved reserve of 4.6 billion barrels of oil equivalent (BOE) compared with 3.98 billion BOE at the end of 2023. The increase was primarily due to the addition of new domestic oil, gas and NGL reserves. Rising reserves also improve Occidental's operational flexibility. With a robust inventory of drilling locations and longer reserve life, the company can efficiently allocate capital across high-return projects, adapt to market dynamics and maintain stable production over the long term. This supports predictable earnings and bolsters investor confidence. Increased reserves provide the foundation for sustained carbon management initiatives. With large-scale operations, Occidental is better positioned to align with energy transition goals. The dual strategy of production growth and decarbonization strengthens Occidental's long-term investment appeal in a carbon-conscious world. How Rising Reserves Volumes Aid Oil & Energy Companies? Growing oil and gas reserves strengthen energy companies by boosting production capacity, increasing asset value and ensuring steady cash flow. They also enhance operational flexibility and investor appeal, helping firms remain resilient amid fluctuating prices and evolving global energy demand. Firms like Chevron CVX and ConocoPhillips COP benefit significantly from rising oil and gas reserves by ensuring long-term production growth and enhancing asset value. Chevron's expanding reserves in the Permian Basin support sustained output and cash flow, while ConocoPhillips leverages its global resource base to maintain capital efficiency, strengthen operational resilience and deliver stable returns across commodity price cycles. OXY's Price Performance Occidental's shares have gained 10.6% in the past three months against the Zacks Oil and Gas-Integrated-United States industry's decline of 5.8%. OXY's Earnings Surprise Courtesy of its stable performance, the company delivered an average earnings surprise of 24.34% in the past four quarters. Occidental's ROE Is Lower Than the Industry Occidental's return on equity ("ROE") is lower than the industry average in the trailing 12 months. ROE of OXY was 16.6% compared with the industry average of 16.89%. OXY's Zacks Rank Occidental currently has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. #1 Semiconductor Stock to Buy (Not NVDA) The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow. One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chevron Corporation (CVX): Free Stock Analysis Report
CTV News
20 minutes ago
- CTV News
S&P/TSX composite rises Friday morning, U.S. markets also higher
People walk in the financial district of Toronto on Friday, Sept. 8, 2023. THE CANADIAN PRESS/Andrew Lahodynskyj TORONTO — Gains in technology stocks helped lift Canada's main stock index in late-morning trading on Friday, while U.S. markets also rose. The S&P/TSX composite index was up 59.05 points at 27,431.31. In New York, the Dow Jones industrial average was up 99.67 points at 44,793.58. The S&P 500 index was up 16.59 points at 6,379.94, while the Nasdaq composite was up 42.59 points at 21,100.55. The Canadian dollar traded for 72.97 cents US compared with 73.37 cents US on Thursday. The September crude oil contract was down 42 cents US at US$65.61 per barrel. The August gold contract was down US$40.00 at US$3,333.50 an ounce. --- This report by The Canadian Press was first published July 25, 2025.
National Post
20 minutes ago
- National Post
Terry Newman: Hockey Canada acquittals a reckoning for MeToo excess
Everyone in Canada seems to be living in the upside-down when it comes to the results of the Hockey Canada sexual assault trial. Headlines call the outcome everything from a ' crushing day ' to ' absolutely gutting for sexual assault survivors.' Megan Savard, a female lawyer representing one of the players, was criticized for even taking the case solely on the basis of being female. Article content Article content After seven long years, not only did Justice Maria Carroccia deliver verdicts of not guilty on all counts, she went much further, concluding that the complainant in the case had consented. Thursday's ruling is a reckoning — not for Hockey Canada, but for North American society, and the excesses of the MeToo movement. Article content Article content The years leading up to this point included a shady settlement paid out by Hockey Canada without the knowledge of the then junior hockey players who were eventually charged, a mistrial, and two dismissed juries. Article content And after it all, Carroccia found all five accused, Michael McLeod, Carter Hart, Alex Formenton, Dillon Dubé, and Cal Foote, not guilty. Article content 'I do not find the evidence of E.M. credible or reliable. The Crown did not meet the onus on any of the counts before me,' she said when delivering her verdict in London, Ont. Thursday morning. Article content 'Much has been made in this case about the concept of consent. This case, on its facts, does not raise issues of the reformulation of the legal concept of consent. In this case, I have found actual consent not vitiated by fear.' Article content Article content In other words, based on inconsistencies in testimony and the evidence provided, Justice Carroccia did not believe sexual assault had taken place. Article content Article content E.M., the complainant, claimed during the trial she had been coerced into non-consensual sexual acts by multiple players in a hotel room, feeling intimidated and unable to leave. The defence, on the other hand, maintained that the acts performed that night were consensual, based on her willingness to engage in the acts and two recorded videos, one in which she said that she was 'okay with this,' and 'it was all consensual.' Article content In her version of the story, E.M. only consented to sex with one of the men, McLeod, who later texted the other men in a group chat to ask if they wanted to join them for group sex. Article content In McLeod's version, when more men arrived in the room, E.M. asked them to have sex with her, was upset when they would not, and offered them oral sex instead. Article content The judge, though, pointed to the inconsistencies between E.M.'s initial 2018 police statement and her 2022 civil suit against the players and Hockey Canada. In the first statement 'she did not describe being scared in the room.' Fear was not mentioned until the civil suit.
