OXY - Occidental Petroleum Corporation
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Investors can find opportunities in stocks where declining share prices are pushing valuations below their historical average.
Occidental Petroleum has been upgraded by Evercore, citing improved capital efficiency and successful deleveraging. Recent optimism is now driven by expectations of sustained higher commodity prices, making bullish theses more secure. Both Seeking Alpha's quant system and Wall Street analysts currently rate OXY as a buy.
Shale producer Occidental Petroleum said in a filing on Friday its worldwide average realized oil prices rose 38.4% in the second quarter compared with the previous three months, driven by higher benchmark crude rates amid the Middle East conflict.
OXY's production growth, CrownRock assets, debt reduction and rising estimates bolster its appeal, but premium valuation suggests patience.
In the closing of the recent trading day, Occidental Petroleum (OXY) stood at $52.3, denoting a -2.41% move from the preceding trading day.
He now considers it to be a bargain stock. Geopolitical factors should also support the buy case.
Shares of Occidental Petroleum (NYSE: OXY) are up 4% at midday Wednesday, trading at $53.90. The move puts Occidental well ahead of integrated peers ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX). ExxonMobil stock is off 1% at $140.51, essentially flat. Meanwhile, Chevron shares are higher by 1% to $176.07, a modest gain that trails Occidental by a wide... Occidental Petroleum Jumps 4% While ExxonMobil, Chevron Lag: Evercore Upgrade and Oil Spike Fuel OXY's Lead
The Dow is down xx points as oil prices and tech sector weakness weigh on Wall Street
Recently, Zacks.com users have been paying close attention to Occidental (OXY). This makes it worthwhile to examine what the stock has in store.
Occidental (OXY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Energy Transfer is well-insulated from volatile oil prices and exposed to the AI boom. Oxy will benefit more from higher oil prices, but that's a double-edged sword.
Occidental's robust proved reserves, strong reserve replacement and diversified assets support production visibility, cash flow resilience and long-term returns.
HOUSTON, July 01, 2026 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) will announce its second quarter 2026 financial results after close of market on Wednesday, August 5, 2026, and will hold a conference call to discuss the results on Thursday, August 6, 2026, at 1 p.m. Eastern/12 p.m. Central.
ConocoPhillips is a global oil giant with operations spanning 14 different countries. Occidental Petroleum recently sold off its chemical business and is pivoting toward high-tech carbon capture technologies.
In the closing of the recent trading day, Occidental Petroleum (OXY) stood at $48.57, denoting a -1.06% move from the preceding trading day.
OXY's stronger ROE, cheaper valuation, earnings estimate growth and six-month share gains give it an edge over CVX.
In not quite a month as Occidental Petroleum's CEO, Richard Jackson has already been challenged with looking for ways to lift a lagging stock price and pay down more debt.
Occidental (OXY) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Occidental Petroleum achieved its initial debt target level earlier this year. It expected to produce more than $1.2 billion in additional free cash flow this year at the same crude prices as last year.