Occidental Petroleum Corporation, a leading player in the petroleum industry, features significantly particularly due to
Zacks raising
Q2 2025 EPS estimates. The corporation is also perceived as
undervalued by 24%, indicating potential growth. Sentiment for the
stock has been trending with hedge funds showing interest. Despite underperformance on specific days, it has consistently had an institutional ownership over
50%. The
Q1 earnings indicated a wider loss than expected, but revenue topped predictions. A Strategic SWOT review is also reported, albeit with unfavorable bearish forecasts. However, attention is drawn to Occidental's mostly 'hold' rating as per brokerages even with robust financials. The institution enjoys
steady returns and showcased the trend with Q4 earnings, increase in dividend, and strategic moves. The corporation is also said to be contemplating the
sale of Western Midstream for approximately $20bn. Net-zero strategy has attracted criticism, and decisions like Berkshire Hathaway raising their stake and exploring a CrownRock deal are noteworthy.
Occidental Petroleum Corporation OXY News Analytics from Thu, 16 Nov 2023 08:00:00 GMT to Thu, 30 May 2024 16:09:11 GMT -
Rating 5
- Innovation 7
- Information 2
- Rumor -3
