Occidental Petroleum Earnings Preview: What to Expect
Ahead of the event, analysts expect OXY to report a profit of $0.33 per share on a diluted basis, down 68% from $1.03 per share in the year-ago quarter. The company has consistently surpassed Wall Street's EPS estimates in its last four quarterly reports.
More News from Barchart
Nat-Gas Prices Erase Early Gains as Weekly EIA Inventories Build
Crude Oil Prices Jump on Signs of a Tightening Supply Outlook
Crude Oil Prices Climb on Supply Disruptions in Iraq
Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else.
For the full year, analysts expect OXY to report EPS of $2.28, down 34.1% from $3.46 in fiscal 2024. However, its EPS is expected to rise 10.5% year-over-year to $2.52 in fiscal 2026.
OXY stock has considerably underperformed the S&P 500 Index's ($SPX) 12.7% gains over the past 52 weeks, with shares down 31% during this period. Similarly, it underperformed the Energy Select Sector SPDR Fund's (XLE )7% losses over the same time frame.
On May 7, OXY reported its Q1 results, and its shares closed up more than 6% in the following trading session. Its adjusted EPS of $0.87 surpassed Wall Street expectations of $0.73. The company's revenue was $6.8 billion, falling short of Wall Street forecasts of $7.2 billion.
Analysts' consensus opinion on OXY stock is cautious, with a 'Hold' rating overall. Out of 23 analysts covering the stock, three advise a 'Strong Buy' rating, two suggest a 'Moderate Buy,' 16 give a 'Hold,' and two recommend a 'Strong Sell.' OXY's average analyst price target is $49.25, indicating a potential upside of 13.1% from the current levels.
On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
5 minutes ago
- Yahoo
Trump, FCC want to reshape the media landscape starting with CBS
By David Shepardson WASHINGTON (Reuters) -President Donald Trump and the Federal Communications Commission have vowed to force American broadcast media outlets to make significant changes. CBS may be just the beginning. "President Trump is fundamentally reshaping the media landscape," FCC Chair Brendan Carr told CNBC Friday. "The media industry across this country needs a course correction." On Thursday, the FCC voted 2-1 to approve the $8.4 billion merger between CBS parent Paramount Global and Skydance Media after Skydance agreed to ensure CBS news and entertainment programming is free of bias, hire an ombudsman for at least two years to review complaints and end diversity programs. Trump has repeatedly attacked broadcast networks for what he perceives as unbiased news coverage and called on Carr to rescind their licenses. "The new owners of CBS came in and said, 'It's time for a change. We're going to reorient it towards getting rid of bias," Carr said. "At the end of the day that's what made the difference for us." Carr's comments suggest the FCC will ramp up efforts to rid mainstream media of what he and President Trump consider a deep and enduring liberal bias, creating an opening for more conservative views among the biggest media companies. The FCC regulates broadcast media outlets, which use the public airways and are required to act in the public interest. Carr has cited the public interest standard in seeking the changes at CBS. Democratic FCC Commission Anna Gomez accused Paramount of "cowardly capitulation" to the Trump administration. She also said the FCC was imposing "never-before-seen controls over newsroom decisions and editorial judgment, in direct violation of the First Amendment and the law." Earlier this month, Paramount agreed to pay $16 million to settle a $20 billion lawsuit filed by Trump, claiming CBS News' "60 Minutes" deceptively edited an interview with former Vice President Kamala Harris. Paramount did not admit wrongdoing. Some Democrats have called the payment a bribe and vowed to investigate. "Trump demands allegiance from everyone around him and it's disgusting to see companies like Skydance and Paramount bowing to his endless and illegal demands," Representative Frank Pallone said. Soon after being designated chair by Trump in January, Carr reinstated a "60 Minutes" complaint, as well as complaints about how Walt Disney's ABC News moderated the pre-election televised debate between then-President Joe Biden and Trump and Comcast's NBC for allowing Harris to appear on "Saturday Night Live" shortly before the election. Disney and Comcast did not immediately comment Friday. Carr told Reuters Thursday the FCC is not closing its investigation into the "60 Minutes" interview. The FCC has required companies like T-Mobile and Verizon to end diversity programs before approving deals. Carr in February told Comcast he was opening a probe into its diversity efforts. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 minutes ago
- Yahoo
ProFrac Holding Corp. Announces Second Quarter 2025 Earnings Release and Conference Call Schedule
WILLOW PARK, Texas, July 25, 2025--(BUSINESS WIRE)--ProFrac Holding Corp. (NASDAQ: ACDC) ("ProFrac" or the "Company") announced today that it will report its second quarter 2025 financial results prior to the Company's conference call, which will be webcasted on Thursday, August 7, 2025, at 11:00 a.m. Eastern / 10:00 a.m. Central. To register for and access the event, please click here. An archive of the webcast will be available shortly after the call's conclusion on the IR Calendar section of ProFrac's investor relations website for 90 days. About ProFrac Holding Corp. ProFrac Holding Corp. is a technology-focused, vertically integrated and innovation-driven energy services holding company providing hydraulic fracturing, proppant production, related completion services and complementary products and services to leading upstream oil and natural gas companies engaged in the exploration and production ("E&P") of North American unconventional oil and natural gas resources. ProFrac operates through three business segments: Stimulation Services, Proppant Production and Manufacturing, in addition to Other Business Activities. For more information, please visit ProFrac's website at View source version on Contacts ProFrac Holding Corp. Austin Harbour – Chief Financial OfficerMichael Messina – Director of Financeinvestors@ ICR, Inc. PFHoldingsIR@
Yahoo
5 minutes ago
- Yahoo
Trading day: Ending on another high
By Jamie McGeever ORLANDO, Florida (Reuters) -- TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist I'd love to hear from you, so please reach out to me with comments at . You can also follow me at @ReutersJamie and @ For the S&P 500 and Nasdaq, the week ended on Friday as it began on Monday: new highs on growing confidence that the U.S. will strike favorable trade deals with major trading partners and that tariffs won't choke growth, and optimism around the earnings-boosting power of artificial intelligence. This offset some less encouraging signals from U.S. and European earnings about the impact of tariffs and trade uncertainty. But the bulls are in control, it seems, and markets go into next week's heavy event risk at or near their all-time highs. This Week's Key Market Moves * The S&P 500 gains 1.5%, rising every day of the week, andthe Nasdaq rises 1%. * Intel shares slump 10.4% on Q2 loss. * Japan's Nikkei 225 jumps 4%, getting to within 1% of lastJuly's record high 42,426 points. * Japan's 10-year JGB yield rises 7.5 bps, its biggestweekly rise since May, to a 17-year high above 1.60%. * China's yuan rises to its strongest level of the year,reaching 7.1478 per dollar on Thursday. Ending on another high The week just ended saw a wave of record stock market highs on Wall Street and around the world as investors cheered the US-Japan trade deal and a raft of corporate earnings results. Next week will be packed with even more market-sensitive events. Policy decisions from the Fed and other major central banks, Fed Chair Jerome Powell's press conference, U.S. PCE inflation, earnings from four of the 'Magnificent Seven' tech giants, and Washington's August 1 tariff deadline for most countries await. Meanwhile, U.S. and Chinese officials will meet in Stockholm to discuss extending the August 12 deadline for reaching a trade deal. This will be U.S. Treasury Secretary Scott Bessent's third round of talks with his Chinese counterparts That's a lot to be heaped onto investors' plate, and one wonders how they will digest it all. It wouldn't be a surprise if market volatility picked up from surprisingly low levels - the VIX index is the lowest in five months, and the Treasury market's MOVE index is near its recent three and a half-year low. Meanwhile, demand for U.S. government debt will be tested as the Treasury auctions $173 billion of notes in the 2-7 year part of the curve. Recent auctions of longer-dated bonds have drawn strong demand and foreign private sector investors bought huge quantities of Treasuries in May, which bodes well. But the sales come as Treasury also announces its quarterly refunding plans, a reminder that investors will have around $1 trillion of new debt to absorb by year end, an increasing share of that in bills. Chart of the Week What's driving the rally on Wall Street? Lots of things, including tariff relief, trade deals, and renewed optimism around AI. One potential red flag, however, is the amount of leverage fueling it. Figures from the Financial Industry Regulatory Authority (FINRA) show that margin debt in U.S. stocks has crossed the $1 trillion mark for the first time. This comprises retail and institutional investors, but is thought to be more skewed toward the retail cohort. Of course, investors' margin debt should rise over time in line with inflation and the underlying equity indices. But it's a marker. Here are some of the best things I read this week: 1. How Europe can avoid a transatlantic trade war -Brookings 2. Rethinking the Politics of Money - Katharina Pistor 3. The Case that China is Now Actively Resisting Pressureon the Yuan to Appreciate - Brad Setser 4. Inflation Comes Home to Roost With the Help of Trump'sTariffs - Rebecca Patterson 5. Global Current Account Balances Widen, ReversingNarrowing Trend - IMF's Pierre-Olivier Gourinchas What could move markets on Monday? * India industrial production (June) * U.S. and Chinese officials meet in Stockholm for tradetalks * U.S. Treasury auctions $69 billion of two-year notes and$70 billion of five-year notes Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. Trading Day is also sent by email every weekday morning. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. (Writing by Jamie McGeever;)
