Occidental Petroleum Corporation’s stock price drops to $38.81, marking a 4.43% decline – a crucial moment for investors

Occidental Petroleum Corporation (OXY)

38.81 USD -1.80 (-4.43%) Volume: 15.35M

Occidental Petroleum Corporation’s stock price is currently at 38.81 USD, experiencing a trading session decrease of -4.43%, with a trading volume of 15.35M. The stock’s performance has been underwhelming this year, with a YTD percentage change of -21.45%.

Latest developments on Occidental Petroleum Corporation

Occidental Petroleum Corporation (NYSE:OXY) has been making headlines recently with its upcoming earnings report and stock price movements. With 48% ownership of the shares, the company is heavily dominated by institutional owners, including Berkshire Hathaway Inc, which holds a significant position in Occidental Petroleum Co. (NYSE:OXY). As oil prices slide, Occidental Petroleum (OXY) stock has dropped, raising questions about its future performance. Investors are eager to see how the company will fare in its Q1 earnings report and are looking for opportunities to play the stock. With Warren Buffett owning shares in both Chevron and Occidental, some are considering whether to invest in this energy giant. As Occidental Petroleum faces uncertainties in the market, including OPEC’s shift to an oil price-war stance, investors are closely monitoring its stock price movements for potential opportunities.

Occidental Petroleum Corporation on Smartkarma

Analyst coverage of Occidental Petroleum on Smartkarma reveals a mix of sentiments. Suhas Reddy‘s Earnings Review highlighted Occidental’s beat on adjusted EPS expectations in Q4, driven by higher output and cost savings. Despite a 5.7% YoY revenue decline, the company met its debt reduction goals through divestment deals and improved cash flow, boosting investor confidence.

On the other hand, in Suhas Reddy‘s bearish report, Occidental Petroleum faced downward pressure on its bullish trend due to adjustments in price targets by JPMorgan and Mizuho. The company’s rise to the third-largest U.S. onshore oil and gas producer in 2024 was overshadowed by concerns over crude oil prices, leading to a weakening sentiment among analysts and investors.

A look at Occidental Petroleum Corporation Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Occidental Petroleum Corporation has a promising long-term outlook based on its Smartkarma Smart Scores. With a strong score in Growth and Resilience, the company is positioned well for future success. Occidental’s focus on exploring, developing, and producing crude oil and natural gas, as well as its diverse portfolio of basic chemicals, vinyls, and performance chemicals, contribute to its positive outlook.

While the company’s scores in Value, Dividend, and Momentum are not as high, Occidental Petroleum‘s overall outlook remains positive. With its continued efforts in gathering, treating, processing, and marketing various energy products, Occidental is poised to maintain its position in the market and drive growth in the long term.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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