Occidental Petroleum Corporation (OXY) is currently in several strategic arrangements that could potentially impact its market position. Notably, the corporation has recently teamed up with ADNOC to develop a Texas Direct Air Capture Hub, it's also receiving frequent attention from financial advisors and investors, and Pacific Point Advisors LLC has purchased a notable number of OXY shares. Various sources have affirmed that the corporation's balance sheet is healthy, and there's been active movement of shares among investors.
Analysts' estimates for Occidental's Q3 and Q2 EPS have fluctuated, but the Q1 2025 Earnings Call highlighted robust cash flow. Despite some decline, Occidental's stock price has attracted a price target boost from BofA, and Occidental, remains among top commodity producers with high upside potential. A variety of financial groups and advisories have increased their stakes in OXY, and despite minor trading downs, Citigroup has produced a positive forecast for Occidental's stock price in the future. Furthermore, Occidental is among several billionaire investors' favorite oil and gas stocks, and Q1 earnings have brought in strong results and increased revenues.
Occidental Petroleum Corporation OXY News Analytics from Tue, 14 Jan 2025 08:00:00 GMT to Sat, 24 May 2025 13:25:28 GMT -
