Occidental (OXY) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Occidental Petroleum reported strong Q1 results. Acquisitions are made to improve results. However, benefits may take time to materialize. Effective management sets and often exceeds goals.
Occidental Petroleum's NYSE: OXY stock price correction hit bottom in April, and the rebound gained momentum in May after a solid earnings beat. Headwinds exist for this and other energy companies, but their leaning into increased production and operational quality is paying off.
Occidental Petroleum Corporation, Inc. (NYSE:OXY ) Q1 2025 Earnings Conference Call May 8, 2025 1:00 PM ET Company Participants Jordan Tanner - VP, IR Vicki Hollub - President, CEO & Director Sunil Mathew - SVP & CFO Richard Jackson - SVP & President, Operations, U.S. Onshore Resources & Carbon Management Kenneth Dillon - SVP & President, International Oil & Gas Operations Conference Call Participants Devin McDermott - Morgan Stanley Doug Leggett - Wolfe Research Arun Jayaram - JPMorgan Neil Mehta - Goldman Sachs Jean Ann Salisbury - Bank of America Merrill Lynch Paul Cheng - Scotiabank Leo Mariani - ROTH Capital Partners Operator Hello, and welcome to Occidental's First Quarter 2025 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.
OXY reports better-than-expected first-quarter earnings. The company benefits from higher domestic realized commodity prices.
Occidental Petroleum's Q1 results show strong cash flow and earnings, with EPS beating expectations and a stable dividend, despite weaker commodity prices. OXY's production increased significantly, driven by U.S. operations, while cost reductions in the Permian Basin improved operational efficiency. Valuation remains attractive with a forward EV/EBITDA of 6x, suggesting a potential total return of ~10% over the next 12 months.
While the top- and bottom-line numbers for Occidental (OXY) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Occidental Petroleum (OXY) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.65 per share a year ago.
Besides Wall Street's top -and-bottom-line estimates for Occidental (OXY), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2025.
OXY's first-quarter production benefits from contributions from domestic assets. Severe weather in January and unplanned outage of the Ingleside facility will also adversely impact performance.
Beyond analysts' top -and-bottom-line estimates for Occidental (OXY), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2025.
HOUSTON, May 01, 2025 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) announced today that its Board of Directors declared a regular quarterly dividend of $0.24 per share on common stock, payable on July 15, 2025, to stockholders of record as of the close of business on June 10, 2025.