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’s Q1 revenue and EPS are projected to rise 14.4% and 23.8% YoY, driven by strong Permian production and improved oil and gas price realisations.</li>
<li>Occidental’s average realised global oil price rose 1.9% QoQ, while NGL and natural gas prices surged 19% and 63.1%, respectively.</li>
<li>Occidental’s average index prices for WTI and Brent rose 1.6% and 1.2% QoQ, respectively, while natural gas prices saw a sharp 36.1% increase.</li>
</ul>


Occidental’s Q1 revenue and EPS are projected to rise 14.4% and 23.8% YoY, driven by strong Permian production and improved oil and gas price realisations.
Occidental’s average realised global oil price rose 1.9% QoQ, while NGL and natural gas prices surged 19% and 63.1%, respectively.
Occidental’s average index prices for WTI and Brent rose 1.6% and 1.2% QoQ, respectively, while natural gas prices saw a sharp 36.1% increase.


[Earnings Preview] Better Oil and Gas Prices to Lift Occidental’s Revenue Amid Persistent Headwinds

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

Central Pacific Financial Corp / Equity Bottom-Up

<ul><li>Technically, the SET Index is expected to weaken, with the support levels at 1,177/1,171 points (10-day EMA) and the resistance at 1,197/1,204 points.</li><li>As such, the medium- to long-term view remains bullish, and any weakness is seen as a buying opportunity — we recommend investing in selective stocks.</li><li>Today's FOMC meeting is thus expected to maintain the current rate (in line with the consensus).</li></ul>

Technically, the SET Index is expected to weaken, with the support levels at 1,177/1,171 points (10-day EMA) and the resistance at 1,197/1,204 points.As such, the medium- to long-term view remains bullish, and any weakness is seen as a buying opportunity — we recommend investing in selective stocks.Today's FOMC meeting is thus expected to maintain the current rate (in line with the consensus).

<ul>
<li>Occidental’s Q4 revenue fell 5.7% YoY, missing estimates by 3.1%. It also posted a net loss of USD 297 million. Lower sales and tight margins weighed on performance.</li>
<li>However, adjusted EPS climbed 8.1% to USD 0.80 per share, beating estimates by 18.1%, while Occidental met its USD 4.5 billion short-term debt reduction goal for 2024.</li>
<li>Occidental signed divestment deals worth USD 1.2 billion in Q1 2025. Proceeds will cover debt maturities. It raised its quarterly dividend by 9% to USD 0.24 per share.</li>
</ul>


Occidental’s Q4 revenue fell 5.7% YoY, missing estimates by 3.1%. It also posted a net loss of USD 297 million. Lower sales and tight margins weighed on performance.
However, adjusted EPS climbed 8.1% to USD 0.80 per share, beating estimates by 18.1%, while Occidental met its USD 4.5 billion short-term debt reduction goal for 2024.
Occidental signed divestment deals worth USD 1.2 billion in Q1 2025. Proceeds will cover debt maturities. It raised its quarterly dividend by 9% to USD 0.24 per share.


[Earnings Review] Occidental Beats EPS Expectations on Higher Output and Cost Savings

<ul>
<li>Occidental is to report its Q4 earnings on 18/Feb and analysts project its revenue and EPS to fall by 2.6% YoY and 9.5%, respectively.</li>
<li>As of 13/Feb, Occidental’s implied volatility (IV) stands at 32.89%, with an IV rank of 76.4% and an IV percentile of 91%.</li>
<li>Occidental’s OI by strike for the 21/Feb expiry shows calls concentrated at strikes 50, 52.5, and 55, while puts dominate at 45 and 47.5.</li>
</ul>


Occidental is to report its Q4 earnings on 18/Feb and analysts project its revenue and EPS to fall by 2.6% YoY and 9.5%, respectively.
As of 13/Feb, Occidental’s implied volatility (IV) stands at 32.89%, with an IV rank of 76.4% and an IV percentile of 91%.
Occidental’s OI by strike for the 21/Feb expiry shows calls concentrated at strikes 50, 52.5, and 55, while puts dominate at 45 and 47.5.


[Pre Earnings Options Flash] Occidental’s OI PCR Implies Neutral Sentiment Amid High Volatility

<ul>
<li>Occidental’s Q4 revenue and EPS are expected to drop 2.6% and 9.5% YoY, with full-year 2024 declines of 3.8% and 10%, respectively.</li>
<li>Occidental's average realised worldwide oil price dropped by 7.4% QoQ and 11.6% YoY to USD 69.73/b. Conversely, its average realised global NGL price rose by 6.5% QoQ and 4.2% YoY.</li>
<li>The STRATOS plant, one of the largest DAC projects globally, will begin operations by mid-2025. It is expected to capture up to 500,000 tonnes of carbon dioxide annually.</li>
</ul>


Occidental’s Q4 revenue and EPS are expected to drop 2.6% and 9.5% YoY, with full-year 2024 declines of 3.8% and 10%, respectively.
Occidental's average realised worldwide oil price dropped by 7.4% QoQ and 11.6% YoY to USD 69.73/b. Conversely, its average realised global NGL price rose by 6.5% QoQ and 4.2% YoY.
The STRATOS plant, one of the largest DAC projects globally, will begin operations by mid-2025. It is expected to capture up to 500,000 tonnes of carbon dioxide annually.


[Earnings Preview] Lower Oil Prices to Pressure Occidental in Q4 While NGL Prices Offer Support

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.

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Occidental Petroleum (OXY US)

[Earnings Preview] Better Oil and Gas Prices to Lift Occidental’s Revenue Amid Persistent Headwinds

Occidental's Q1 revenue and EPS expected to rise significantly YoY due to strong Permian production and improved oil and gas prices.

Mint Finance

US FOMC Meeting

Technically, the SET Index is expected to weaken, with the support levels at 1,177/1,171 points (10-day EMA) and the resistance at 1,197/1,204...

Krungthai XSpring

[Earnings Review] Occidental Beats EPS Expectations on Higher Output and Cost Savings

Occidental's Q4 revenue fell, but adjusted EPS rose and debt reduction goals were met through divestment deals and improved cash flow.

Mint Finance

[Pre Earnings Options Flash] Occidental’s OI PCR Implies Neutral Sentiment Amid High Volatility

Occidental's Q4 earnings expected to decline, with implied volatility high and options activity concentrated at specific strikes for 21/Feb expiry.

Mint Finance

[Earnings Preview] Lower Oil Prices to Pressure Occidental in Q4 While NGL Prices Offer Support

Occidental's Q4 revenue and EPS expected to decline due to weak oil prices. However, higher gas and NGL prices to cushion impact. STRATOS plant...

Mint Finance

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[Earnings Preview] Better Oil and Gas Prices to Lift Occidental’s Revenue Amid Persistent Headwinds

​Occidental's Q1 revenue and EPS expected to rise significantly YoY due to strong Permian production and improved oil and gas prices.

Mint Finance

US FOMC Meeting

Technically, the SET Index is expected to weaken, with the support levels at 1,177/1,171 points (10-day EMA) and the resistance at 1,197/1,204...

Krungthai XSpring

[Earnings Review] Occidental Beats EPS Expectations on Higher Output and Cost Savings

​Occidental's Q4 revenue fell, but adjusted EPS rose and debt reduction goals were met through divestment deals and improved cash flow.

Mint Finance

[Pre Earnings Options Flash] Occidental’s OI PCR Implies Neutral Sentiment Amid High Volatility

​Occidental's Q4 earnings expected to decline, with implied volatility high and options activity concentrated at specific strikes for 21/Feb expiry.

Mint Finance

[Earnings Preview] Lower Oil Prices to Pressure Occidental in Q4 While NGL Prices Offer Support

​Occidental's Q4 revenue and EPS expected to decline due to weak oil prices. However, higher gas and NGL prices to cushion impact. STRATOS plant...

Mint Finance

Occidental's Q1 revenue and EPS expected to rise significantly YoY due to strong Permian production and improved oil and gas prices.

Occidental's Q4 revenue fell, but adjusted EPS rose and debt reduction goals were met through divestment deals and improved cash flow.

Occidental's Q4 earnings expected to decline, with implied volatility high and options activity concentrated at specific strikes for 21/Feb expiry.

Occidental's Q4 revenue and EPS expected to decline due to weak oil prices. However, higher gas and NGL prices to cushion impact. STRATOS plant...