Roth MKM lowered the firm’s price target on Occidental Petroleum (OXY) to $53 from $54 and keeps a Neutral rating on the shares post the Q4 report. The firm reduced 2025 earnings estimates 0.5% on lower production and a weaker chemicals outlook.
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Read More on OXY:
- Strong Buy Recommendation for Occidental Petroleum Amid Strategic Financial Management and Operational Excellence
- Occidental Petroleum reports Q4 adjusted EPS 80c, consensus 67c
- Occidental Petroleum increases quarterly dividend 9% to 24c per share
- Occidental Petroleum provides update on debt reduction
- Occidental Petroleum sees Q1 production 1,370-1,410 mboepd