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OXY-OCCIDENTAL PETROLEUM CORP

Occidental Petroleum Faces Anticipated Declines in Q4 Revenues and Earnings, Yet Maintains Strong Production and Hold Rating Amid Market Fluctuations

Tuesday

18 February, 2025

As Occidental Petroleum prepares to announce its Q4 earnings, analysts predict a decline in revenues and earnings, yet the company continues to show resilience with strong production and strategic asset integration. Can OXY navigate these challenges and still offer value to investors in a fluctuating market?

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Article Impact Score

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Key Takeaways
  • Anticipated earnings for Occidental Petroleum are expected to decline in the fourth quarter, with a revenue drop of 5.2%.
  • The stock has seen an 18.7% decrease over the past year and is down 6.2% year-to-date.
  • Lower commodity prices are affecting earnings potential, with a forecasted 9.7% earnings decrease for FY 2024.
  • Mixed results from Q3 and a Zacks Rank of #3 indicate uncertainties regarding future performance.
  • Investors are advised to exercise caution when considering investments in Occidental Petroleum.
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