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OXY-OCCIDENTAL PETROLEUM CORP

Occidental Petroleum Braces for Third-Quarter Earnings with Expected Decline in EPS Amid Debt Reduction Focus

Sunday

17 November, 2024

Occidental Petroleum's latest earnings report reveals a mixed bag: while EPS exceeded expectations, it still reflects a decline from last year. As the company aggressively tackles its debt, can it navigate the challenges in its Chemical and Midstream segments to secure a brighter future?

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Article Impact Score

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Key Takeaways
  • Earnings and revenues for Occidental Petroleum have decreased significantly, raising concerns about the company's financial health.
  • Challenges in specific business segments highlight issues with diversification and dependence on fossil fuels.
  • The company's Zacks Rank of #5 suggests strong negative sentiment from analysts regarding its future performance.
  • Analysts have mixed views, and the average price target indicates limited potential for growth.
  • Investors may want to consider alternative opportunities due to these unfavorable indicators.
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