Occidental Petroleum (OXY) Projected to Post Earnings on Wednesday

Key Points

• Occidental Petroleum is set to release its Q2 2025 earnings report on August 6th, with expected earnings of $0.38 per share and revenue of $6.29 billion.
• The company recently announced a quarterly dividend of $0.24 per share, resulting in an annualized dividend yield of 2.11%.
• Currently, the stock has a market cap of $44.79 billion and is rated as "Hold" by analysts, with a consensus target price of $53.71.

Occidental Petroleum (NYSE:OXY - Get Free Report) is expected to issue its Q2 2025 quarterly earnings data after the market closes on Wednesday, August 6th. Analysts expect Occidental Petroleum to post earnings of $0.38 per share and revenue of $6.29 billion for the quarter.

Occidental Petroleum (NYSE:OXY - Get Free Report) last posted its earnings results on Wednesday, May 7th. The oil and gas producer reported $0.87 EPS for the quarter, beating the consensus estimate of $0.74 by $0.13. The company had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.97 billion. Occidental Petroleum had a return on equity of 16.60% and a net margin of 11.20%. The business's revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.63 earnings per share. 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 Stock Performance

Shares of Occidental Petroleum stock traded down $0.45 during trading on Thursday, hitting $43.96. 8,412,706 shares of the stock were exchanged, compared to its average volume of 9,881,037. The stock has a market cap of $43.26 billion, a PE ratio of 17.87 and a beta of 0.84. The stock's fifty day moving average is $43.63 and its 200 day moving average is $44.79. Occidental Petroleum has a 12 month low of $34.78 and a 12 month high of $61.35. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.79 and a current ratio of 1.01.

Occidental Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.96 annualized dividend and a yield of 2.2%. Occidental Petroleum's dividend payout ratio (DPR) is presently 39.02%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Occidental Petroleum stock. Woodline Partners LP increased its holdings in shares of Occidental Petroleum Corporation (NYSE:OXY - Free Report) by 40.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,079 shares of the oil and gas producer's stock after acquiring an additional 16,506 shares during the period. Woodline Partners LP's holdings in Occidental Petroleum were worth $2,817,000 at the end of the most recent reporting period. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. UBS Group decreased their price target on Occidental Petroleum from $44.00 to $38.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Scotiabank boosted their price target on shares of Occidental Petroleum from $40.00 to $45.00 and gave the stock a "sector perform" rating in a research report on Friday, July 11th. Mizuho lowered their price objective on shares of Occidental Petroleum from $60.00 to $58.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Hsbc Global Res upgraded shares of Occidental Petroleum to a "hold" rating in a research report on Wednesday, April 16th. Finally, Barclays raised their price objective on Occidental Petroleum from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Occidental Petroleum has an average rating of "Hold" and an average price target of $53.71.

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.