Occidental Petroleum Corporation (OXY) gains much investor interest with a substantial 52% of shares institutionally owned. Despite fluctuating
market trends and some setbacks, OXY continues to show resilience with its
earnings, cash flow, and strategic SWOT analysis showing promising results. Various analysts have adjusted predictions about OXY's performance, with some being more
bearish while others forecast
higher profits due to cost-cutting measures. Q1 2024 earnings underlined
strong cash flow and aggressive
cost-cutting aiding profitability. Furthermore, Q4 2023 earnings augur strategic plans and significant financial potential, despite hinting at some risk associated with debt.
Roth Capital raised EPS estimates for Q3 2025 suggesting solid future growth. Recent market performance was also notable with OXY's stock trading higher and outpacing market gains. Despite the market dip, OXY's performance yielded encouraging outcomes. However, discussions on CEO compensation and fair value calculations indicated continued investor scrutiny. It's noteworthy that the company continues to raise its game, forecasting
flat 2024 production with plans to cut two Permian Basin rigs.
Occidental Petroleum Corporation OXY News Analytics from Tue, 07 Nov 2023 08:00:00 GMT to Sun, 12 May 2024 09:38:37 GMT -
Rating 6
- Innovation 4
- Information 8
- Rumor -2
