Occidental Petroleum (OXY) to Release Earnings on Wednesday

Occidental Petroleum (NYSE:OXY - Get Free Report) is projected to post its Q1 2025 quarterly earnings results after the market closes on Wednesday, May 7th. Analysts expect Occidental Petroleum to post earnings of $0.74 per share and revenue of $6.97 billion for the quarter.

Occidental Petroleum (NYSE:OXY - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The oil and gas producer reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.13. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The business had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.97 billion. During the same period in the prior year, the company earned $0.63 EPS. Occidental Petroleum's revenue for the quarter was up 13.9% on a year-over-year basis. On average, analysts expect Occidental Petroleum to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Occidental Petroleum Price Performance

OXY traded up $0.80 during trading on Friday, hitting $42.24. The company's stock had a trading volume of 7,609,797 shares, compared to its average volume of 12,437,504. The firm's 50 day moving average price is $43.05 and its two-hundred day moving average price is $47.32. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $39.70 billion, a price-to-earnings ratio of 17.31 and a beta of 0.81. Occidental Petroleum has a 12 month low of $34.78 and a 12 month high of $64.75.

Occidental Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, June 10th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.96 annualized dividend and a yield of 2.27%. Occidental Petroleum's dividend payout ratio (DPR) is 39.34%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Susquehanna decreased their price objective on Occidental Petroleum from $59.00 to $55.00 and set a "positive" rating on the stock in a research report on Tuesday, April 22nd. Barclays lifted their price objective on Occidental Petroleum from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Thursday. Roth Capital set a $54.00 target price on shares of Occidental Petroleum in a research report on Thursday, January 23rd. Piper Sandler dropped their price target on shares of Occidental Petroleum from $50.00 to $48.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company reduced their price objective on shares of Occidental Petroleum from $49.00 to $42.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $54.29.

Occidental Petroleum Company Profile

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.