Earnings Alerts

Occidental Petroleum (OXY) Earnings: 4Q Adjusted EPS Surpasses Projections with $792 Million Net Income

By February 19, 2025 No Comments
  • Occidental’s adjusted earnings per share (EPS) for Q4 was $0.80, surpassing the estimated $0.70.
  • The company’s adjusted net income for the quarter was $792 million.
  • Realized U.S. natural gas price per thousand cubic feet (Mcf) was $1.26, slightly below the estimated $1.34.
  • The realized price for natural gas liquids (NGLs) per barrel was $21.80, marginally higher than the expected $21.61.
  • The realized oil price per barrel reached $69.73, just under the estimated $70.27.
  • Pre-tax income from oil and gas was reported at $1.2 billion, while estimates ranged at $1.36 billion.
  • Total average global production was 1,463 thousand barrels of oil equivalent per day (Mboed).
  • Analyst recommendations include 9 buy ratings, 19 hold ratings, and 2 sell ratings.

Occidental Petroleum on Smartkarma

Analysts on Smartkarma have been closely monitoring Occidental Petroleum, providing valuable insights into the company’s performance and market sentiment. Suhas Reddy, in the report titled “[Pre Earnings Options Flash] Occidental’s OI PCR Implies Neutral Sentiment Amid High Volatility,” highlighted expectations of a decline in Q4 earnings, with calls concentrated at specific strikes for the 21/Feb expiry. Conversely, in the report “[Earnings Preview] Lower Oil Prices to Pressure Occidental in Q4 While NGL Prices Offer Support,” Reddy pointed out that weak oil prices may impact revenue and EPS negatively, but higher gas and NGL prices could provide some support.

Furthermore, Reddy’s analysis in “[2025/03] Occidental’s Bullish Trend Weakens Amid Downward Pressure on Crude Oil” indicated fluctuations in Occidental Petroleum‘s stock following price target adjustments by JPMorgan and Mizuho, highlighting the company’s rise to the third-largest U.S. onshore oil and gas producer in 2024. Lastly, in the report “[Earnings Review] Occidental Beats Q3 Estimates on Robust Output,” the focus was on Occidental’s strong Q3 performance, with revenue growth, record-high U.S. output, and significant reduction in long-term debt, showcasing a positive outlook amidst industry challenges.


A look at Occidental Petroleum Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth5
Resilience2
Momentum3
OVERALL SMART SCORE3.4

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, a major player in the energy sector, shows a promising long-term outlook based on Smartkarma’s Smart Scores. With a strong emphasis on growth, Occidental Petroleum received a top score of 5 in this category, indicating positive future prospects for expansion and development within the industry. Furthermore, the company scored a solid 4 in the value category, suggesting that it may be a worthwhile investment opportunity. Despite facing some challenges in resilience, with a score of 2 in this area, Occidental Petroleum‘s momentum and dividend scores of 3 each demonstrate a stable performance and shareholder returns.

Occidental Petroleum Corporation, known for its activities in crude oil and natural gas exploration and production, also engages in the manufacturing and marketing of various chemical products. With a diverse range of operations that include gathering, processing, and trading energy resources, the company has established itself as a multifaceted entity in the market. The combination of its strong growth potential, decent value, and consistent dividend payouts positions Occidental Petroleum for continued success in the long run, making it a notable player to watch in the energy sector.


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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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