Research Analysts Issue Forecasts for OXY FY2025 Earnings

Occidental Petroleum Corporation (NYSE:OXY) – Analysts at Roth Capital boosted their FY2025 earnings estimates for Occidental Petroleum in a research note issued to investors on Thursday, October 2nd. Roth Capital analyst L. Mariani now forecasts that the oil and gas producer will post earnings of $2.11 per share for the year, up from their previous estimate of $2.10. Roth Capital currently has a “Neutral” rating and a $46.00 target price on the stock. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.58 per share. Roth Capital also issued estimates for Occidental Petroleum’s Q1 2026 earnings at $0.33 EPS, Q2 2026 earnings at $0.21 EPS, Q3 2026 earnings at $0.46 EPS and Q4 2026 earnings at $0.58 EPS.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data on Wednesday, August 6th. The oil and gas producer reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. The company had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.29 billion. Occidental Petroleum had a return on equity of 13.78% and a net margin of 8.79%.Occidental Petroleum’s revenue was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 earnings per share.

A number of other analysts have also weighed in on OXY. Scotiabank upped their price objective on shares of Occidental Petroleum from $40.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Friday, July 11th. JPMorgan Chase & Co. upped their price target on shares of Occidental Petroleum from $47.00 to $48.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 15th. Morgan Stanley reissued an “equal weight” rating and set a $52.00 price objective on shares of Occidental Petroleum in a report on Monday, August 18th. Piper Sandler boosted their price objective on shares of Occidental Petroleum from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Finally, Melius initiated coverage on Occidental Petroleum in a research report on Wednesday, August 20th. They set a “hold” rating and a $64.00 target price on the stock. Six research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $52.87.

Occidental Petroleum Price Performance

OXY opened at $44.86 on Friday. The company has a market capitalization of $44.16 billion, a price-to-earnings ratio of 26.54 and a beta of 0.95. The company has a current ratio of 1.05, a quick ratio of 0.83 and a debt-to-equity ratio of 0.84. Occidental Petroleum has a 12-month low of $34.78 and a 12-month high of $56.49. The business’s fifty day simple moving average is $45.63 and its 200-day simple moving average is $43.82.

Occidental Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 10th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.1%. The ex-dividend date is Wednesday, September 10th. Occidental Petroleum’s payout ratio is 56.80%.

Institutional Trading of Occidental Petroleum

A number of institutional investors have recently bought and sold shares of the stock. University of Texas Texas AM Investment Management Co. acquired a new position in Occidental Petroleum during the 2nd quarter valued at approximately $27,000. Grove Bank & Trust grew its holdings in shares of Occidental Petroleum by 129.2% during the first quarter. Grove Bank & Trust now owns 722 shares of the oil and gas producer’s stock valued at $36,000 after buying an additional 407 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Occidental Petroleum in the 1st quarter valued at $39,000. Hantz Financial Services Inc. raised its stake in Occidental Petroleum by 1,193.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 854 shares of the oil and gas producer’s stock worth $36,000 after acquiring an additional 788 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC lifted its position in Occidental Petroleum by 371.7% during the 2nd quarter. MeadowBrook Investment Advisors LLC now owns 1,000 shares of the oil and gas producer’s stock worth $42,000 after acquiring an additional 788 shares during the period. 88.70% of the stock is currently owned by institutional investors and hedge funds.

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.