Occidental Petroleum (OXY) ended the recent trading session at $40.83, demonstrating a -3.48% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.23%. On the other hand, the Dow registered a gain of 0.34%, and the technology-centric Nasdaq increased by 0.8%.
The oil and gas exploration and production company's stock has dropped by 12.06% in the past month, falling short of the Oils-Energy sector's loss of 2.26% and the S&P 500's gain of 3.57%.
Investors will be eagerly watching for the performance of Occidental Petroleum in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 10, 2025. The company's upcoming EPS is projected at $0.51, signifying a 49.00% drop compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.72 billion, down 6.04% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.27 per share and revenue of $26.64 billion, which would represent changes of -34.39% and -0.89%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Occidental Petroleum. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.31% rise in the Zacks Consensus EPS estimate. Occidental Petroleum is currently sporting a Zacks Rank of #4 (Sell).
In the context of valuation, Occidental Petroleum is at present trading with a Forward P/E ratio of 18.63. This represents a premium compared to its industry average Forward P/E of 16.2.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 202, finds itself in the bottom 19% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Occidental Petroleum Corporation (OXY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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