Occidental Petroleum Corporation (OXY) has drawn considerable attention, owing to its impressive track record and potential for market growth. Popular financial analyst
Jim Cramer has labeled OXY as extraordinary. It's worth noting that the company has recently closed on a lucrative deal to divest some upstream assets for
$1.2 billion. Additionally, investors have responded positively with high volume of call options. A significant draw for investors is OXY’s strong cash flow, a result of record production highlighted in their Q4 2024 Earnings Call. Financial pundits foresee considerable momentum for OXY leading into the year 2025 and it's being recognized as one of the best dividend stocks to invest in. The company's commitment to pioneering
net-zero solutions has also garnered interest. Despite missing on some revenue estimates, the company has managed to beat
EPS estimates on multiple occasions. Notably, Warren Buffett remains bullish on Occidental and continues to increase his holdings. The company's Q4 earnings beat estimates, but faced a slight dip in revenues YoY. In response to their earnings, the company's stock price experienced fluctuations with some negative market response but ultimately rallied with a 1.2% increase.
Occidental Petroleum Corporation OXY News Analytics from Mon, 30 Sep 2024 07:00:00 GMT to Sat, 22 Feb 2025 18:00:00 GMT -
Rating 7
- Innovation 8
- Information 7
- Rumor -5
