Q2 Earnings Forecast for OXY Issued By Capital One Financial

Occidental Petroleum Co. (NYSE:OXY) – Analysts at Capital One Financial dropped their Q2 2025 earnings estimates for Occidental Petroleum in a report issued on Wednesday, May 21st. Capital One Financial analyst B. Velie now expects that the oil and gas producer will post earnings of $0.66 per share for the quarter, down from their previous forecast of $0.72. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.58 per share.

Occidental Petroleum (NYSE:OXY) last posted its earnings results on Wednesday, May 7th. The oil and gas producer reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.13. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. The company had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.97 billion. During the same quarter in the prior year, the business posted $0.63 EPS. The firm’s revenue was up 13.9% compared to the same quarter last year.

OXY has been the subject of several other reports. Citigroup raised their price objective on shares of Occidental Petroleum from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Monday. Hsbc Global Res raised shares of Occidental Petroleum to a “hold” rating in a report on Wednesday, April 16th. UBS Group cut their price objective on shares of Occidental Petroleum from $44.00 to $38.00 and set a “neutral” rating for the company in a report on Wednesday, April 16th. Piper Sandler cut their price objective on shares of Occidental Petroleum from $50.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, April 22nd. Finally, Wall Street Zen downgraded shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Thursday, February 27th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Occidental Petroleum has an average rating of “Hold” and a consensus target price of $53.14.

Occidental Petroleum Trading Down 0.1%

Shares of OXY stock opened at $41.10 on Thursday. Occidental Petroleum has a 52-week low of $34.79 and a 52-week high of $64.76. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.95. The company has a 50-day simple moving average of $42.31 and a two-hundred day simple moving average of $46.76. The company has a market capitalization of $40.44 billion, a price-to-earnings ratio of 16.84 and a beta of 0.81.

Institutional Investors Weigh In On Occidental Petroleum

A number of hedge funds and other institutional investors have recently bought and sold shares of OXY. Altshuler Shaham Ltd purchased a new stake in Occidental Petroleum during the fourth quarter valued at approximately $26,000. Whipplewood Advisors LLC acquired a new position in Occidental Petroleum during the 4th quarter valued at approximately $27,000. VSM Wealth Advisory LLC acquired a new position in Occidental Petroleum during the 4th quarter valued at approximately $27,000. Bernard Wealth Management Corp. acquired a new position in Occidental Petroleum during the 4th quarter valued at approximately $32,000. Finally, Grove Bank & Trust increased its stake in Occidental Petroleum by 129.2% during the 1st quarter. Grove Bank & Trust now owns 722 shares of the oil and gas producer’s stock valued at $36,000 after purchasing an additional 407 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 2.34%. Occidental Petroleum’s payout ratio is 39.02%.

About Occidental Petroleum

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.