Active Basic Materials News: Occidental Petroleum Corporation (OXY), Noble Energy, Inc. (NBL)

Occidental Petroleum Corporation (OXY) ended last trading session with a change of 0.45 percent. It trades at an average volume of 4.8M shares versus 5.76M shares recorded at the end of last trading session. The share price of $62.88 is at a distance of 3.07 percent from its 52-week low and down -17.43 percent versus its peak. The company has a market cap of $47.98B and currently has 763.07M shares outstanding. The share price is currently -3.04 percent versus its SMA20, -6.12 percent versus its SMA50, and -10.61 percent versus its SMA200. The stock has a weekly performance of -1.7 percent and is -10.67 percent year-to-date as of the recent close.

On March 2, 2017 Occidental Petroleum Corporation (OXY) announced that it will relocate its Investor Relations office from New York to its Houston headquarters and that Richard A. Jackson has been appointed Vice President, Investor Relations.

Mr. Jackson joined Occidental in 2003 from ExxonMobil. He has held key leadership roles with increasing levels of responsibility in Qatar, the Permian Basin, South Texas and Worldwide Drilling and Completions. A graduate of Texas A&M University, Mr. Jackson holds a bachelor’s degree in petroleum engineering.

Noble Energy, Inc. (NBL) recently recorded -0.06 percent change and currently at $34.05 is 19.46 percent away from its 52-week low and down -18.78 percent versus its peak. It has a past 5-day performance of -7.5 percent and trades at an average volume of 4.12M shares. The stock has a 1-month performance of -11.31 percent and is -10.31 percent year-to-date as of the recent close. There were about 437.6M shares outstanding which made its market cap $14.9B. The share price is currently -7.29 percent versus its SMA20, -10.45 percent versus its SMA50, and -6.55 percent versus its SMA200.

Feb. 13, 2017 — Noble Energy, Inc. (NBL) provided updated and detailed guidance for 2017, including capital expenditure and sales volume expectations, along with various cost items for the year.

David L. Stover, the Company’s Chairman, President and CEO, commented, “Building on our strong performance over the last couple of years, Noble Energy is now rapidly accelerating our pace of development in 2017.  In the U.S. onshore business, we are materially increasing the capital allocation to each of our liquids-focused assets in 2017, including the DJ Basin, the Delaware Basin, and the Eagle Ford.  We will continue to concentrate on long laterals and pad drilling, enhanced completions with higher proppant loadings and tighter stage and cluster spacing, as well as integrated facility design. We have leading positions in two of the top U.S. oil basins, and we materially enhanced our Delaware Basin position earlier this year through the announced acquisition of Clayton Williams Energy. Our onshore portfolio provides some of the highest return opportunities in the U.S., and our 2017 capital plan positions us for significant value-added growth, near term and for many years to come.”