H/T to Black Blade. I see that fat 25% dividend in OXY has been cut substantially today, along with capex. An indication of what's in store for the SLB's and HAL's of the world...
These oil stocks took the biggest beatings after Saudi Arabia shocked the energy market
Published: March 9, 2020 at 4:55 p.m. ET
By Philip van Doorn
Forty U.S. energy stocks were down at least 30% Monday
A pumpjack operates as a drill rig sits on a well pad in the Bakken Formation in Williston, North Dakota.
Here are the 45 U.S.-traded energy stocks that fell at least 30% Monday:
| Company | Ticker | Price change - March 9, 2020 | Price change since Feb. 19 | Decline from 52-week high | Price change - 2020 | Price change - 2019 | | Callon Petroleum Co. | CPE, -68.07% | -69.3% | -86.7% | -95.3% | -91.7% | -25.6% | | SM Energy Co. | SM, -61.25% | -64.4% | -85.3% | -92.8% | -87.9% | -27.4% | | Matador Resources Co. | MTDR, -64.12% | -64.2% | -82.1% | -89.5% | -87.0% | 15.7% | | Oasis Petroleum Inc. | OAS, -61.67% | -61.7% | -84.9% | -95.4% | -89.9% | -41.0% | | QEP Resources Inc. | QEP, -58.68% | -58.7% | -78.7% | -93.0% | -86.8% | -20.1% | | Apache Corp. | APA, -53.86% | -54.7% | -67.1% | -75.4% | -63.3% | -2.5% | | HighPoint Resources Corp. | HPR, -31.70% | -54.4% | -82.5% | -94.0% | -88.9% | -32.1% | | U.S. Silica Holdings Inc. | SLCA, -52.74% | -53.0% | -74.5% | -91.8% | -75.0% | -39.6% | | Occidental Petroleum Corp. | OXY, -52.01% | -52.9% | -70.2% | -81.6% | -69.3% | -32.9% | | Penn Virginia Corp. | PVAC, -48.94% | -48.9% | -68.3% | -90.5% | -81.7% | -43.9% | | PDC Energy Inc. | PDCE, -48.22% | -48.2% | -67.4% | -84.6% | -72.1% | -12.1% | | Oil States International Inc. | OIS, -47.38% | -48.1% | -72.4% | -85.5% | -81.1% | 14.2% | | Marathon Oil Corp. | MRO, -46.85% | -47.4% | -65.7% | -81.0% | -73.6% | -5.3% | | Valaris PLC Class A | VAL, -46.98% | -47.0% | -76.8% | -93.3% | -81.3% | -53.9% | | Nabors Industries Ltd. | NBR, -46.57% | -47.0% | -77.5% | -87.5% | -82.3% | 44.0% | | Tetra Technologies Inc. | TTI, -45.97% | -46.5% | -60.3% | -79.7% | -72.4% | 16.7% | | WPX Energy Inc. | WPX, -45.84% | -46.4% | -71.3% | -77.3% | -74.6% | 21.1% | | Newpark Resources Inc. | NR, -44.93% | -45.3% | -62.1% | -83.1% | -74.2% | -8.7% | | Patterson-UTI Energy Inc. | PTEN, -44.65% | -44.7% | -67.8% | -85.4% | -77.3% | 1.4% | | Diamondback Energy Inc. | FANG, -44.64% | -44.6% | -66.1% | -76.4% | -71.1% | 0.2% | | Denbury Resources Inc. | DNR, -39.31% | -44.6% | -66.8% | -88.0% | -77.2% | -17.5% | | Helix Energy Solutions Group Inc. | HLX, -44.31% | -44.5% | -67.8% | -71.2% | -70.1% | 78.0% | | Apergy Corp. | APY, -44.18% | -44.2% | -65.8% | -80.1% | -74.4% | 24.7% | | Core Laboratories NV | CLB, -43.28% | -43.3% | -58.7% | -82.1% | -64.1% | -36.9% | | Green Plains Inc. | GPRE, -43.15% | -43.2% | -57.4% | -67.5% | -62.6% | 17.7% | | Murphy Oil Corp. | MUR, -42.49% | -42.5% | -59.2% | -70.7% | -66.0% | 14.6% | | ProPetro Holding Corp. | PUMP, -41.76% | -41.8% | -62.5% | -84.1% | -64.2% | -8.7% | | Oceaneering International Inc. | OII, -41.12% | -41.2% | -64.1% | -77.4% | -67.8% | 23.2% | | Laredo Petroleum Inc. | LPI, -40.07% | -40.1% | -72.3% | -88.5% | -85.4% | -20.7% | | Whiting Petroleum Corp. | WLL, -39.85% | -40.0% | -73.5% | -97.4% | -89.1% | -67.7% | | Ring Energy Inc. | REI, -39.25% | -39.3% | -65.8% | -90.0% | -75.4% | -48.0% | | Cimarex Energy Co. | XEC, -38.21% | -38.4% | -63.0% | -79.6% | -71.4% | -14.9% | | Transocean Ltd. | RIG, -38.11% | -38.3% | -65.2% | -84.6% | -78.1% | -0.9% | | Oneok Inc. | OKE, -37.75% | -37.8% | -50.4% | -51.5% | -49.6% | 40.3% | | Halliburton Co. | HAL, -37.64% | -37.6% | -63.4% | -74.8% | -66.7% | -7.9% | | Devon Energy Corp. | DVN, -37.39% | -37.5% | -63.2% | -76.4% | -67.8% | 15.2% | | Pioneer Natural Resources Co. | PXD, -36.92% | -37.0% | -53.1% | -62.8% | -56.2% | 15.1% | | Noble Corp. PLC | NE, -34.92% | -34.9% | -65.8% | -91.3% | -77.0% | -53.4% |
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Occidental Petroleum (OXY) cuts quarterly dividend to $0.11 per share from $0.79
Article Related Press Releases (1) Related Articles (2) Stock Quotes (1) Comments (0)
March 10, 2020 12:02 PM EDT
Get AlertsOXY Hot Sheet
Price: $13.89 +11.03%
EPS Growth %: -223.0%
Financial Fact:
Income from continuing operations (in dollars per share): -0.18
Occidental Petroleum Corporation (NYSE: OXY) announced today that its Board of Directors approved a reduction in the company’s quarterly dividend to $0.11 per share from $0.79 per share, effective July 2020. The company also announced it will reduce 2020 capital spending to between $3.5 billion and $3.7 billion from $5.2 billion to $5.4 billion and will implement additional operating and corporate cost reductions.
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