Latest news with #OXY
Yahoo
4 days ago
- Business
- Yahoo
Occidental Petroleum Earnings Preview: What to Expect
Occidental Petroleum Corporation (OXY), headquartered in Houston, Texas, acquires, explores, and develops oil and gas properties. Valued at $42 billion by market cap, the company also manufactures and markets a variety of basic chemicals, vinyls and performance chemicals. The oil giant is expected to announce its fiscal second-quarter earnings for 2025 after the market closes on Wednesday, Aug. 6. 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
Yahoo
14-07-2025
- Business
- Yahoo
OXY Stock is Trading Above 50-Day SMA: Time to Buy, Hold or Sell?
Occidental Petroleum Corporation OXY is trading above its 50-day simple moving average (SMA), signaling a bullish trend. The company is gaining from its focus on the Permian Basin and contributions from inorganic company operates in a highly competitive industry, but Occidental maintains a competitive edge over its peers due to its low-cost operations and a portfolio of high-quality assets located across various regions worldwide. Image Source: Zacks Investment Research The 50-day SMA is a key indicator for traders and analysts to identify support and resistance levels. It is considered particularly important as it is the first marker of a stock's uptrend or has rallied 22.2% in the past three months, outperforming the Zacks Oil and Gas – Integrated- United States industry, sector and Zacks S&P 500 Composite's return in the same time frame. Occidental's shares have outperformed another operator, ConocoPhillips COP, in the same period. COP shares have gained 11.6% in the past month. Image Source: Zacks Investment Research Should you consider adding OXY stock to your portfolio solely based on its recent price gains? Let's take a closer look at the key factors that can help investors determine whether now is a favorable entry point. Occidental continues to benefit from its strategic acquisitions, which have significantly boosted production volumes and top-line performance. The company's acquisition of Anadarko Petroleum in 2019 and its acquisition of CrownRock L.P. in 2024 added high-margin production and low-breakeven inventory to its oil and gas portfolio in the Permian international assets play a pivotal role in driving its growth and resilience. International assets, such as Qatar's Dolphin gas project, Oman's Mukhaizna oilfields and the UAE's Al Hosn Gas, contribute significantly to production and cash flow. Occidental expects its international operation to contribute in the range of 226-236 thousand barrels of oil equivalents per day in 2025 to total continues to gain from its low-cost, high-margin operations in the Permian Basin, complemented by steady contributions from international assets. This solid operational performance supports the company's dual focus on reducing debt and enhancing shareholder returns. The company lowered debt by $6.8 billion in the past 10 months, which lowered its annual interest expenses by $370 million, boosting net income. Occidental reinforces its long-term value proposition through systematic capital investment, especially in its core Permian Basin operations and low-carbon ventures. OXY aims to invest in the range of $7.2-$7.4 billion in 2025, out of which $3.5-$3.7 billion will be in the Permian Basin. By focusing capital on tier-one assets and technology-driven enhancements, Occidental has improved well productivity and reduced lifting costs across its portfolio. Occidental's operating results are influenced by shifts in demand and the volatility of both global and local commodity prices. As of Dec. 31, 2024, the company had no active commodity hedges in place, leaving it fully exposed to market fluctuations. A significant decline in commodity prices from current levels could adversely affect OXY's financial performance. The Zacks Consensus Estimate for Occidental's 2025 and 2026 earnings per share has moved down 4.64% and 11.03%, respectively, in the past 60 days. Image Source: Zacks Investment Research The Zacks Consensus Estimate for ConocoPhillips' 2025 and 2026 earnings per share also moved down 4.6% and 11.4%, respectively, in the past 60 days. The stable performance of the company allowed it to surpass earnings estimates in each of the last four reported quarters, the average earnings surprise being 24.34%. Image Source: Zacks Investment Research Another operator in the same industry, Hess Corporation HES, also reported positive surprise in the last four reported quarters. HES' average earnings surprise was 9.58%. Return on equity ('ROE') is a key indicator of a company's financial performance. It reflects how effectively a corporation uses shareholders' equity to generate profits and is widely regarded as a measure of profitability and operational efficiency. Occidental's ROE is lower than the industry average in the trailing 12 months. ROE of OXY was 16.6% compared with the industry average of 16.89%. Image Source: Zacks Investment Research Hess Corporation's trailing 12-month ROE is 21.78%, which is better than its industry. Occidental's shares are currently expensive on a relative basis, with its current trailing 12-month Enterprise Value/Earnings before Interest Tax Depreciation and Amortization (EV/EBITDA TTM) being 5.35X compared with its industry average of 4.97X. Image Source: Zacks Investment Research Occidental's focus on debt reduction, combined with the strength of its domestic and international operations and the benefits from recent acquisitions, is expected to support its overall the company continues to face headwinds from volatile commodity prices and returns that remain below industry averages, along with declining earnings these challenges, holding this Zacks Rank #3 (Hold) stock remains advisable due to its robust U.S. operations and significant presence in the resource-rich Permian Basin. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ConocoPhillips (COP) : Free Stock Analysis Report Hess Corporation (HES) : Free Stock Analysis Report Occidental Petroleum Corporation (OXY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Globe and Mail
14-07-2025
- Business
- Globe and Mail
OXY Stock is Trading Above 50-Day SMA: Time to Buy, Hold or Sell?
Occidental Petroleum Corporation OXY is trading above its 50-day simple moving average (SMA), signaling a bullish trend. The company is gaining from its focus on the Permian Basin and contributions from inorganic assets. The company operates in a highly competitive industry, but Occidental maintains a competitive edge over its peers due to its low-cost operations and a portfolio of high-quality assets located across various regions worldwide. OXY's 50-Day SMA The 50-day SMA is a key indicator for traders and analysts to identify support and resistance levels. It is considered particularly important as it is the first marker of a stock's uptrend or downtrend. Occidental has rallied 22.2% in the past three months, outperforming the Zacks Oil and Gas – Integrated- United States industry, sector and Zacks S&P 500 Composite's return in the same time frame. Occidental's shares have outperformed another operator, ConocoPhillips COP, in the same period. COP shares have gained 11.6% in the past month. Price Performance (Three months) Should you consider adding OXY stock to your portfolio solely based on its recent price gains? Let's take a closer look at the key factors that can help investors determine whether now is a favorable entry point. Key Drivers Behind Occidental's Steady Stock Performance Occidental continues to benefit from its strategic acquisitions, which have significantly boosted production volumes and top-line performance. The company's acquisition of Anadarko Petroleum in 2019 and its acquisition of CrownRock L.P. in 2024 added high-margin production and low-breakeven inventory to its oil and gas portfolio in the Permian Basin. Occidental's international assets play a pivotal role in driving its growth and resilience. International assets, such as Qatar's Dolphin gas project, Oman's Mukhaizna oilfields and the UAE's Al Hosn Gas, contribute significantly to production and cash flow. Occidental expects its international operation to contribute in the range of 226-236 thousand barrels of oil equivalents per day in 2025 to total production. Occidental continues to gain from its low-cost, high-margin operations in the Permian Basin, complemented by steady contributions from international assets. This solid operational performance supports the company's dual focus on reducing debt and enhancing shareholder returns. The company lowered debt by $6.8 billion in the past 10 months, which lowered its annual interest expenses by $370 million, boosting net income. Occidental reinforces its long-term value proposition through systematic capital investment, especially in its core Permian Basin operations and low-carbon ventures. OXY aims to invest in the range of $7.2-$7.4 billion in 2025, out of which $3.5-$3.7 billion will be in the Permian Basin. By focusing capital on tier-one assets and technology-driven enhancements, Occidental has improved well productivity and reduced lifting costs across its portfolio. Headwinds for Occidental Stock Occidental's operating results are influenced by shifts in demand and the volatility of both global and local commodity prices. As of Dec. 31, 2024, the company had no active commodity hedges in place, leaving it fully exposed to market fluctuations. A significant decline in commodity prices from current levels could adversely affect OXY's financial performance. Occidental's Earnings Estimates are Going Down The Zacks Consensus Estimate for Occidental's 2025 and 2026 earnings per share has moved down 4.64% and 11.03%, respectively, in the past 60 days. The Zacks Consensus Estimate for ConocoPhillips' 2025 and 2026 earnings per share also moved down 4.6% and 11.4%, respectively, in the past 60 days. OXY Stock's Earnings Surprise History The stable performance of the company allowed it to surpass earnings estimates in each of the last four reported quarters, the average earnings surprise being 24.34%. Another operator in the same industry, Hess Corporation HES, also reported positive surprise in the last four reported quarters. HES' average earnings surprise was 9.58%. Occidental's ROE Lower Than the Industry Return on equity ('ROE') is a key indicator of a company's financial performance. It reflects how effectively a corporation uses shareholders' equity to generate profits and is widely regarded as a measure of profitability and operational efficiency. Occidental's ROE is lower than the industry average in the trailing 12 months. ROE of OXY was 16.6% compared with the industry average of 16.89%. Hess Corporation's trailing 12-month ROE is 21.78%, which is better than its industry. OXY's Shares Are Trading at a Premium Occidental's shares are currently expensive on a relative basis, with its current trailing 12-month Enterprise Value/Earnings before Interest Tax Depreciation and Amortization (EV/EBITDA TTM) being 5.35X compared with its industry average of 4.97X. Wrapping Up Occidental's focus on debt reduction, combined with the strength of its domestic and international operations and the benefits from recent acquisitions, is expected to support its overall performance. However, the company continues to face headwinds from volatile commodity prices and returns that remain below industry averages, along with declining earnings estimates. Despite these challenges, holding this Zacks Rank #3 (Hold) stock remains advisable due to its robust U.S. operations and significant presence in the resource-rich Permian Basin. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They include Stock #1: A Disruptive Force with Notable Growth and Resilience Stock #2: Bullish Signs Signaling to Buy the Dip Stock #3: One of the Most Compelling Investments in the Market Stock #4: Leader In a Red-Hot Industry Poised for Growth Stock #5: Modern Omni-Channel Platform Coiled to Spring Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%. Download Atomic Opportunity: Nuclear Energy's Comeback free today. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ConocoPhillips (COP): Free Stock Analysis Report Hess Corporation (HES): Free Stock Analysis Report Occidental Petroleum Corporation (OXY): Free Stock Analysis Report
Reuters
14-07-2025
- Business
- Reuters
Occidental Petroleum says Gulf of Mexico output hit by curtailments in Q2
July 14 (Reuters) - U.S. shale producer Occidental Petroleum (OXY.N), opens new tab said on Monday its Gulf of Mexico production in the second quarter was curtailed due to third-party constraints, extended maintenance, and schedule-related delays. The company said sales volumes from what it calls the "Gulf of America" — referring to the Gulf of Mexico — are expected to be about 125,000 barrels of oil equivalent per day (boepd). President Donald Trump issued an executive order in January 2025 calling on U.S. institutions to refer to the Gulf of Mexico as the Gulf of America. Previously, Occidental forecast its Gulf of Mexico production to range between 126,000 and 134,000 boepd in the second quarter. The company continues to expect annual production within its previously announced forecast of 1.38 million to 1.42 million boepd. Occidental said its average realized price for total oil output was $63.76 per barrel in the April-June quarter, down from $71.07 per barrel in the preceding quarter.
Yahoo
06-07-2025
- Business
- Yahoo
1 Warren Buffett Stock to Buy Hand Over Fist in July
Warren Buffett tends to buy well-run companies and hold them for the long term. Even well-run companies fall out of favor on Wall Street. With a 4.7% yield, this high-yield stock is built to survive whatever comes its way. 10 stocks we like better than Chevron › Warren Buffett has built an incredible track record running Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B). And he did it using simple-to-understand logic: Buy well-run companies when they look attractively priced and then hold for the long term (so you can benefit from the growth of the business over time). But even well-run companies fall out of favor, and that's why this Buffett stock, with a lofty 4.7% dividend yield, is worth buying in July. Energy stocks are currently suffering through a period of volatility thanks to geopolitical tensions. That's not unusual at all. The energy market is known for being volatile, and so are most stocks in the energy sector. Buffett has two energy investments, Occidental Petroleum (NYSE: OXY) and Chevron (NYSE: CVX). They have materially different industry positions. Oxy, as it is more commonly known, is focused on growing its business as quickly as practicable so it can better compete with established industry giants like, well, Chevron. Chevron, an industry giant, is focused on slow growth and -- here's the key for investors -- surviving through the inherent ups and downs of the energy sector. The second bit is why Chevron is so attractive as July gets underway. There are three parts to Chevron's story. The one that will likely be most interesting to investors is its reliable dividend. The integrated energy giant has increased its dividend year in and year out for 38 consecutive years. That's an incredible streak given the price swings that have occurred in oil over that span. The company is, clearly, focused on rewarding investors for sticking around. The interesting part is that this reliable dividend stock's dividend yield gets attractive during the tough times. Right now is a tough time thanks to both industry issues and some company-specific problems. History suggests Chevron will muddle through and continue to pay its dividend. In the meantime, investors can collect a hefty 4.7% dividend yield. A big yield that gets reliably paid is nice, but it doesn't fully explain why Buffett has Chevron in Berkshire Hathaway's portfolio. Which is where the next two parts of the Chevron story come in. First, Chevron is an integrated energy giant. That means that it has exposure to the entire energy value chain, from producing oil and natural gas, to transporting the commodities, to processing them into other products. Each segment works a little differently through the energy cycle. Having exposure to all of them helps to smooth out performance over time. On top of that diversification, Chevron also has a global portfolio. So it can shift its investments to where they will have the best opportunity for success. That's a solid start, but there's another important factor. Chevron also has one of the strongest balance sheets in the energy patch, with a debt-to-equity ratio of just 0.2 times. That gives management the leeway to add debt during industry downturns so it can continue to support the business and dividend through hard times. When commodity prices recover, as they always have historically, it pays down its debt in preparation for the next downturn. Chevron's stock is down around 20% from its 2022 highs, when oil prices were much higher. Long-term dividend investors shouldn't get too hung up on the downturn or the reasons why. Chevron is built to survive whatever comes its way. It probably makes more sense to just follow Buffett's "simple" approach and buy this well-run company while it is attractively priced and then hold it for the long term. Before you buy stock in Chevron, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Chevron wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $699,558!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $976,677!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Reuben Gregg Brewer has positions in TotalEnergies. The Motley Fool has positions in and recommends Berkshire Hathaway and Chevron. The Motley Fool recommends BP and Occidental Petroleum. The Motley Fool has a disclosure policy. 1 Warren Buffett Stock to Buy Hand Over Fist in July was originally published by The Motley Fool
