Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Equity Bottom-Up

<ul>
<li>Occidental Petroleum gained USD 0.43 last week, closing at USD 51.97 on 17/Jan (Fri). However, the stock began this week on a weak note, falling by 2.7% on 21/Jan (Tue).</li>
<li>JPMorgan raised Occidental's price target to USD 59 from USD 58 with a Neutral rating, while Mizuho lowered its target to USD 68 from USD 70, maintaining a Neutral stance.</li>
<li>Occidental became the third-largest U.S. onshore oil and gas producer in 2024, up from fifth in 2023, with production reaching 1.22 million boepd, 58% of which was oil.</li>
</ul>


Occidental Petroleum gained USD 0.43 last week, closing at USD 51.97 on 17/Jan (Fri). However, the stock began this week on a weak note, falling by 2.7% on 21/Jan (Tue).
JPMorgan raised Occidental's price target to USD 59 from USD 58 with a Neutral rating, while Mizuho lowered its target to USD 68 from USD 70, maintaining a Neutral stance.
Occidental became the third-largest U.S. onshore oil and gas producer in 2024, up from fifth in 2023, with production reaching 1.22 million boepd, 58% of which was oil.


[2025/03] Occidental’s Bullish Trend Weakens Amid Downward Pressure on Crude Oil

Cross-Asset Strategist & Quantitative Analyst, Pennock Idea Hub

Cam Hui

Cross-Asset Strategist & Quantitative Analyst

Pennock Idea Hub

We are creators of independent equity research. The Pennock Idea Hub team are veterans of the investment industry. Much of our team has spent their careers at Merrill Lynch, Deutsche Bank, RBC Capital Markets and Wood Gundy. We have taken every aspect of research back to the studs and returned to first principles. The Pennock Idea Hub marries the interests of the sell and buy side. 

We offer the best research for institutional investors by:

-Only publishing research from veteran analysts
-Eliminate the inherent conflicts of the traditional sell and buy side relationship
-Ensure our team is always accessible; collaboration with clients nurtures our collective success

Cross-Asset & Quantitative Research

Cross Asset Strategy

<ul>
<li>The stock market is likely to advance during the Santa Claus rally window, which began on December 24 and ends January 3.</li>
<li>But the rally is attributed to an oversold bounce and marked by narrow leadership. Either the rebound fizzles in January or broadens into lagging issues.</li>
<li>We identified selected contrarian value opportunities for bulls among Santa’s discards for potential outperformance into January and beyond.</li>
</ul>


The stock market is likely to advance during the Santa Claus rally window, which began on December 24 and ends January 3.
But the rally is attributed to an oversold bounce and marked by narrow leadership. Either the rebound fizzles in January or broadens into lagging issues.
We identified selected contrarian value opportunities for bulls among Santa’s discards for potential outperformance into January and beyond.


Contrarian Bargains Among Santa's Discards

<ul>
<li>Halliburton’s strong Q3 earnings and strategic entry into the data-centre power market have fueled a sharp rally, underscoring investor confidence in its evolving growth strategy.</li>
<li>Halliburton’s partnership with VoltaGrid marks a strategic shift away from reliance on oil and gas and positions the company to tap into the rapidly expanding data-centre segment. </li>
<li>Halliburton’s strong performance sets a positive tone for upcoming oil and gas earnings, signalling resilient drilling activity, steady investment discipline, and higher margins and price realisations.</li>
</ul>


Halliburton’s strong Q3 earnings and strategic entry into the data-centre power market have fueled a sharp rally, underscoring investor confidence in its evolving growth strategy.
Halliburton’s partnership with VoltaGrid marks a strategic shift away from reliance on oil and gas and positions the company to tap into the rapidly expanding data-centre segment. 
Halliburton’s strong performance sets a positive tone for upcoming oil and gas earnings, signalling resilient drilling activity, steady investment discipline, and higher margins and price realisations.


Halliburton Lights the Way: A Strong Q3 Sparks Optimism Across the Oil Patch

<ul>
<li>Global oil majors are slashing jobs and investments as weak demand, OPEC+ supply hikes, and rising costs drive the sharpest industry retrenchment since the 2020 collapse.</li>
<li>U.S. producers face added strain from tariffs, cost inflation, and consolidation, forcing capex cuts, layoffs, and highlighting the slowdown of shale-driven growth that once powered record output.</li>
<li>ExxonMobil emerges strongest among peers, supported by low debt, robust free cash flow, advantaged low-cost assets, and global diversification, giving it unmatched resilience in a prolonged low-price environment.</li>
</ul>


Global oil majors are slashing jobs and investments as weak demand, OPEC+ supply hikes, and rising costs drive the sharpest industry retrenchment since the 2020 collapse.
U.S. producers face added strain from tariffs, cost inflation, and consolidation, forcing capex cuts, layoffs, and highlighting the slowdown of shale-driven growth that once powered record output.
ExxonMobil emerges strongest among peers, supported by low debt, robust free cash flow, advantaged low-cost assets, and global diversification, giving it unmatched resilience in a prolonged low-price environment.


Oil and Gas Giants Shift from Expansion to Discipline Amid Supply Glut and Cost Pressures

<ul>
<li>Even though tariffs disrupt Chinese competitiveness, U.S.-centric petrochemical companies face pressures from weak demand, low prices, and higher input costs.</li>
<li>Olin has outperformed peers in a weak petrochemical cycle, supported by U.S.-centric sales, disciplined capital allocation, and investor flows, while Dow and Eastman struggled with tepid exports and margins.</li>
<li>Tariffs boosted U.S. sales but hurt exports, and while the sector remains in a downcycle, Olin’s domestic focus and shareholder-friendly strategy have fueled a sharp stock rally.</li>
</ul>


Even though tariffs disrupt Chinese competitiveness, U.S.-centric petrochemical companies face pressures from weak demand, low prices, and higher input costs.
Olin has outperformed peers in a weak petrochemical cycle, supported by U.S.-centric sales, disciplined capital allocation, and investor flows, while Dow and Eastman struggled with tepid exports and margins.
Tariffs boosted U.S. sales but hurt exports, and while the sector remains in a downcycle, Olin’s domestic focus and shareholder-friendly strategy have fueled a sharp stock rally.


Olin Stands Out as Tariffs Pressure Exports Amid Bearish Petrochemical Fundamentals

United States

Occidental Petroleum Corporation explores for, develops, produces, and markets crude oil and natural gas.  The Company also manufactures and markets a variety of basic chemicals, vinyls and performance chemicals. Occidental also gathers, treats, processes, transports, stores, trades and markets crude oil, natural gas, NGLs, condensate and carbon dioxide (CO2) and generates and markets power.

Price Gauge
52-week Range	0.00 - 0.00
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Occidental Petroleum (OXY US)

[2025/03] Occidental’s Bullish Trend Weakens Amid Downward Pressure on Crude Oil

Occidental Petroleum stock fluctuates after price target adjustments by JPMorgan and Mizuho, as company rises to third-largest U.S. onshore oil...

Mint Finance

Contrarian Bargains Among Santa's Discards

We identified selected contrarian value opportunities for bulls among Santa’s discards for potential outperformance into January and beyond.

Cam Hui

Halliburton Lights the Way: A Strong Q3 Sparks Optimism Across the Oil Patch

Halliburton's Q3 earnings and entry into the data-centre power market boost investor confidence in evolving growth strategy, signaling a shift...

Mint Finance

Oil and Gas Giants Shift from Expansion to Discipline Amid Supply Glut and Cost Pressures

Global oil majors are cutting jobs and investments due to weak demand and rising costs, with ExxonMobil emerging as the strongest player thanks to...

Mint Finance

Olin Stands Out as Tariffs Pressure Exports Amid Bearish Petrochemical Fundamentals

Tariffs impact Chinese competitiveness, but U.S. petrochemical companies face challenges from weak demand and low prices. Olin outperforms peers...

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[2025/03] Occidental’s Bullish Trend Weakens Amid Downward Pressure on Crude Oil

​Occidental Petroleum stock fluctuates after price target adjustments by JPMorgan and Mizuho, as company rises to third-largest U.S. onshore oil...

Mint Finance

Contrarian Bargains Among Santa's Discards

We identified selected contrarian value opportunities for bulls among Santa’s discards for potential outperformance into January and beyond.

Cam Hui

Halliburton Lights the Way: A Strong Q3 Sparks Optimism Across the Oil Patch

​Halliburton's Q3 earnings and entry into the data-centre power market boost investor confidence in evolving growth strategy, signaling a shift...

Mint Finance

Oil and Gas Giants Shift from Expansion to Discipline Amid Supply Glut and Cost Pressures

​Global oil majors are cutting jobs and investments due to weak demand and rising costs, with ExxonMobil emerging as the strongest player thanks to...

Mint Finance

Olin Stands Out as Tariffs Pressure Exports Amid Bearish Petrochemical Fundamentals

​Tariffs impact Chinese competitiveness, but U.S. petrochemical companies face challenges from weak demand and low prices. Olin outperforms peers...

Mint Finance

Occidental Petroleum stock fluctuates after price target adjustments by JPMorgan and Mizuho, as company rises to third-largest U.S. onshore oil...

Halliburton's Q3 earnings and entry into the data-centre power market boost investor confidence in evolving growth strategy, signaling a shift...

Global oil majors are cutting jobs and investments due to weak demand and rising costs, with ExxonMobil emerging as the strongest player thanks to...

Tariffs impact Chinese competitiveness, but U.S. petrochemical companies face challenges from weak demand and low prices. Olin outperforms peers...