
Occidental Petroleum Corporation (OXY)
46.65 USD -2.27 (-4.64%) Volume: 17.51M
Occidental Petroleum Corporation’s stock price stands at 46.65 USD, experiencing a drop of -4.64% in the current trading session with a trading volume of 17.51M, reflecting a year-to-date percentage change of -4.27%, indicating a challenging market environment for OXY.
Latest developments on Occidental Petroleum Corporation
Occidental Petroleum Corporation (OXY) has been making headlines recently with a mix of positive and negative news affecting its stock price. Despite being cut to Sell at Goldman Sachs due to a pause on capital return focus, OXY continues to be undervalued according to analysts. The company is pioneering net-zero solutions and maintaining strong cash flow, which has caught the attention of investors like Warren Buffett. While the stock has seen some fluctuations, with shares down 2.9% and then up 0.2%, there are forecasts of limited upside by Goldman Sachs. Despite the recent downgrades, some investors like Manning & Napier Advisors LLC and KBC Group NV have been increasing their stake in OXY. With a mix of positive developments and challenges, it will be interesting to see how Occidental Petroleum navigates the market moving forward.
Occidental Petroleum Corporation on Smartkarma
Analysts on Smartkarma are closely monitoring Occidental Petroleum, with Suhas Reddy providing insights on the company’s performance. In a recent report titled “[2025/03] Occidentalβs Bullish Trend Weakens Amid Downward Pressure on Crude Oil,” it was noted that Occidental Petroleum stock faced fluctuations after price target adjustments by JPMorgan and Mizuho. Despite gaining last week, the stock started this week on a weak note. JPMorgan raised the price target to USD 59 with a Neutral rating, while Mizuho lowered it to USD 68, maintaining a Neutral stance. Occidental Petroleum became the third-largest U.S. onshore oil and gas producer in 2024, with production reaching 1.22 million boepd.
Another report by Suhas Reddy highlighted Occidental’s positive performance in beating Q3 estimates in terms of revenue and production. Titled “[Earnings Review] Occidental Beats Q3 Estimates on Robust Output,” the report mentioned that the company’s production surged, hitting a record high in the US. Long-term debt was also reduced by USD 4 billion. Despite a slight growth in revenue and a decrease in net profit, Occidental managed to surpass EPS estimates. With a focus on operational and strategic accomplishments, including strong execution in the Permian region, Occidental Petroleum is positioning itself for continued success in the market.
A look at Occidental Petroleum Corporation Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
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 mixed outlook based on the Smartkarma Smart Scores. While the company scores high in Growth, indicating potential for expansion and development in the future, it falls short in Dividend and Resilience scores. This suggests that investors may need to carefully consider the company’s ability to withstand economic challenges and provide stable returns. With an average score in Value and Momentum, Occidental Petroleum‘s long-term prospects appear to be a balance between growth opportunities and potential risks.
Occidental Petroleum Corporation is a diverse energy company involved in various aspects of the oil and gas industry, as well as chemical manufacturing and power generation. The company’s high Growth score reflects its potential for future development and expansion, while its lower scores in Dividend and Resilience indicate some challenges in providing stable returns and withstanding economic uncertainties. Investors looking at Occidental Petroleum for long-term investment may need to weigh these factors carefully and consider the company’s overall outlook in the energy and chemical markets.
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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