Occidental Petroleum Corporation (OXY) has been drawing the attention of investors recently, with some believing the firm may surprise the market this earnings season. However, amidst strong performance in Q1 2024, analysts have slashed estimates for the company, causing unease. Interestingly, value investors have noted Occidental as a top-ranked value stock, while uncertainties have led to questions about its risk profile. The firm's
financial strength and
strategic growth, coupled with higher profit expectations driven by increased oil prices, paints a promising picture. However, the company has seen underperformance against competitors and the market, despite relatively strong financials. Despite some fluctuations, including a dip of 0.36% recently, shareholders remain up with an impressive 141% gain over time. Owned by 52%
institutional investors, including
Berkshire Hathaway's increased stake, Occidental continues to draw interest. Completion of a $10.8 billion deal for CrownQuest asset and the potential sale of Western Midstream for $20bn indicate strategic moves by the company. At present, Occidental appears to be in a better position today, yet some hesitate, pointing out the firm's debt risk.
Occidental Petroleum Corporation OXY News Analytics from Tue, 07 Nov 2023 08:00:00 GMT to Fri, 17 May 2024 18:06:51 GMT -
Rating 0
- Innovation -6
- Information 6
- Rumor -3
