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 Petroleum (OXY) closed at $43.55 in the latest trading session, marking a +2.16% move from the prior day.
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.
Occidental's integrated oil, gas and chemical model drives steady cash flow, four-quarter earnings beat and a 19.2% stock gain.
OXY is trading above its 50-day SMA after a 22.5% rally, fueled by Permian strength and international assets.
U.S. shale producer Occidental Petroleum said on Monday its Gulf of Mexico production in the second quarter was curtailed due to third-party constraints, extended maintenance, and schedule-related delays.
Occidental Petroleum (OXY) closed the most recent trading day at $46.31, moving +1% from the previous trading session.
OXY's strategic acquisitions and high-margin Permian assets fuel long-term growth.
Zacks.com users have recently been watching Occidental (OXY) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The latest trading day saw Occidental Petroleum (OXY) settling at $43.35, representing a -1.03% change from its previous close.
OXY's low-cost Permian assets and rising free cash flow support its drive to increase sustainable dividends.
Occidental Petroleum's discounted valuation and Buffett's backing make it attractive for risk-tolerant investors, especially with shares now below his purchase price. Oxy's dominant Permian Basin position, low-cost breakeven, and recent CrownRock acquisition offer strong upside, despite recent debt increases and stock decline. Geopolitical tensions could boost oil prices, benefiting Oxy's U.S.-centric operations, while integrated chemical and midstream segments provide cost and operational advantages.