Occidental Petroleum (OXY) made significant strides in the recent times including the successful closing of its chemical business sale to Berkshire Hathaway, raising their stake in OXY. However, despite a broader market rise, the OXY stock has seen a decline. Over the past five years, owning OXY stock would have yielded a 144% gain offering potential value despite the one year share price drop. The firm plans to announce its Q4 results in February 2026, a move being keenly monitored by investors. Recent actions by investment firms indicate an increasing interest in OXY, such as Adams Natural Resources, Ascent Group, Thrivent Financial, Sanders Morris Harris, and QSM Asset Management boosting their positions in the firm.
Despite experiencing a 14% decline over the previous year, OXY saw recent gains that may impress institutional owners. The company completed a significant divestiture of its chemical business yielding $9.7 billion. Preferring to remain speculative, traders have bought large volumes of OXY's call options. The future state of OXY remains uncertain given rising crude prices and sanctions, as the industry awaits details of the Q3 earnings and future strategies post the OxyChem sale.
Occidental Petroleum Corporation OXY News Analytics from Tue, 29 Apr 2025 07:00:00 GMT to Fri, 09 Jan 2026 11:10:02 GMT - Rating 7 - Innovation 5 - Information 8 - Rumor 5
