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Occidental Petroleum (OXY)
NYSE:OXY
Holding OXY?
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OXY Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$48.42 - $71.19
Previous Close$49.97
Volume15.04M
Average Volume (3M)12.39M
Market Cap
$46.89B
Enterprise Value$73.04B
Total Cash (Recent Filing)$1.76B
Total Debt (Recent Filing)$27.65B
Price to Earnings (P/E)13.0
Beta0.51
Next Earnings
Feb 12, 2025EPS Estimate
$0.76Next Dividend Ex-Date
Dec 10, 2024Dividend Yield1.66%
Share Statistics
EPS (TTM)3.84
Shares Outstanding938,343,042
10 Day Avg. Volume13,930,266
30 Day Avg. Volume12,391,393
Standard Deviation0.19
R-Squared0.20
Alpha0.00617
Financial Highlights & Ratios
Price to Book (P/B)1.78
Price to Sales (P/S)1.75
Price to Cash Flow (P/CF)3.20
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.69
Enterprise Value/Gross Profit12.22
Enterprise Value/Ebitda5.13
Forecast
1Y Price Target
$61.50Price Target Upside23.07% Upside
Rating ConsensusHold
Number of Analyst Covering17
Occidental Petroleum News
Bulls Say, Bears Say
Bulls Say
Debt ReductionOccidental Petroleum succeeded in repaying more debt than anticipated, reaching nearly 90% of its near-term deleveraging target.
Financial PerformanceThe 3Q24 results surpassed expectations with a significant earnings and cash flow per share beat driven by higher volumes and lower cash costs.
Production PerformanceOccidental Petroleum Corp. raised its Q4 total and Permian production guidance, partly due to outperformance from both legacy OXY and CrownRock assets.
Bears Say
Earnings And Commodity PricesThe Q3'24 EPS has been reduced mostly due to lower commodity prices and specifically weaker gas realizations.
Production And Expense ChallengesThe guidance for 4Q24 included a lower oil production forecast due to reduced output in the Gulf of Mexico and higher than expected overhead expenses.
Valuation And Commercial ViabilityUncertainty remains around the commerciality of Occidental Petroleum Corp.'s DAC-1 venture, Stratos, which affects its valuation potential.
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Risk Analysis
Main Risk Category
Macro & PoliticalRisks related to catastrophic events or geopolitical conditions that may disrupt the company’s business
OXY FAQ
What was Occidental Petroleum’s price range in the past 12 months?
Occidental Petroleum lowest stock price was $48.42 and its highest was $71.19 in the past 12 months.
What is Occidental Petroleum’s market cap?
Currently, no data Available
When is Occidental Petroleum’s upcoming earnings report date?
Occidental Petroleum’s upcoming earnings report date is Feb 12, 2025 which is in 87 days.
How were Occidental Petroleum’s earnings last quarter?
Occidental Petroleum released its earnings results on Nov 12, 2024. The company reported $1 earnings per share for the quarter, beating the consensus estimate of $0.742 by $0.258.
Is Occidental Petroleum overvalued?
According to Wall Street analysts Occidental Petroleum’s price is currently Undervalued.
Does Occidental Petroleum pay dividends?
Occidental Petroleum pays a Quarterly dividend of $0.22 which represents an annual dividend yield of 1.66%. See more information on Occidental Petroleum dividends here
What is Occidental Petroleum’s EPS estimate?
Occidental Petroleum’s EPS estimate is $0.76.
How many shares outstanding does Occidental Petroleum have?
Occidental Petroleum has 938,343,000 shares outstanding.
What happened to Occidental Petroleum’s price movement after its last earnings report?
Occidental Petroleum reported an EPS of $1 in its last earnings report, beating expectations of $0.742. Following the earnings report the stock price went up 1.65%.
Which hedge fund is a major shareholder of Occidental Petroleum?
Among the largest hedge funds holding Occidental Petroleum’s share is Berkshire Hathaway Inc. It holds Occidental Petroleum’s shares valued at 16B.
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Occidental Petroleum Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$61.50 (23.07% Upside)
$61.50 (23.07% Upside)
Blogger Sentiment
Bullish
OXY Sentiment 90%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Increased
By 6.1M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 0.3%
Last 30 Days ▲ 3.2%
Last 30 Days ▲ 3.2%
News Sentiment
Very Bearish
Bullish news 0%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-17.27%
12-Months-Change
Fundamentals
Return on Equity
13.06%
Trailing 12-Months
Asset Growth
19.46%
Trailing 12-Months
Company Description
Occidental Petroleum
Occidental Petroleum Corp. engages in the exploration and production of oil and natural gas. It operates through the following segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops and produces oil and condensate, natural gas liquids and natural gas. The Chemical segment manufactures and markets basic chemicals and vinyls. The Midstream and Marketing segment purchases, markets, gathers, processes, transports and stores oil, condensate, natural gas liquids, natural gas, carbon dioxide, and power. The company was founded in 1920 and is headquartered in Houston, TX.
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OXY Company Deck
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OXY Earnings Call
Q3 2024
0:00 / 0:00
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OXY Stock 12 Month Forecast
Average Price Target
$61.50
▲(23.07% Upside)
Technical Analysis
Best Analysts Covering OXY
1 Year
1 Year Success Rate
12/19 ratings generated profit
1 Year Average Return
+25.62%
reiterated a buy rating 10 months ago
Copying John Freeman's trades and holding each position for 1 Year would result in 63.16% of your transactions generating a profit, with an average return of +25.62% per trade.
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