Core Viewpoint - The market anticipates a year-over-year decline in Occidental Petroleum's earnings despite an increase in revenues, with the actual results being crucial for stock price movement [1][2]. Earnings Expectations - Occidental is expected to report quarterly earnings of $0.81 per share, reflecting a 31.4% decrease year-over-year, while revenues are projected at $7.47 billion, a 1% increase from the previous year [3]. - The earnings report is scheduled for November 12, 2024, and could lead to stock price increases if results exceed expectations, or declines if they fall short [2]. Estimate Revisions - The consensus EPS estimate has been revised down by 5.61% over the last 30 days, indicating a bearish sentiment among analysts regarding the company's earnings prospects [4][10]. - The Most Accurate Estimate for Occidental is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -10.27%, which complicates predictions of an earnings beat [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive reading is a strong predictor of an earnings beat, particularly when combined with a favorable Zacks Rank [8]. - However, a negative Earnings ESP reading does not necessarily indicate an earnings miss, making predictions less reliable for stocks with negative readings [9]. Historical Performance - In the last reported quarter, Occidental exceeded the expected earnings of $0.77 per share by delivering $1.03, resulting in a surprise of +33.77% [11]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [12]. Conclusion - Despite the potential for an earnings beat, Occidental does not currently appear to be a compelling candidate for such an outcome, and investors should consider other factors before making decisions [15].

The Occidental Petroleum Headquarters is seen on December 11, 2023 in The Woodlands, Texas. Getty ImagesOccidental Petroleum Corporation (Oxy) are embarking on a spectacular venture to reduce greenhouse gas (GHG) emissions in the Permian basin. Warren Buffet is riding along, owning 29% of Oxy stock. What do Oxy and Warren Buffet see that others don’t?The Concept Of Direct Air CaptureVicki Hollub, who is chairman of Oxy, dangles the tantalizing idea that if we could remove enough CO2 from the sky, we could s ...

Occidental Petroleum Corporation's (OXY) shares are currently trading at a premium compared to its Zacks Oil and Gas - Integrated - United States industry. OXY's current trailing 12-month Enterprise Value/Earnings before Interest Tax Depreciation and Amortization (EV/EBITDA) is 5.3X compared with the industry average of 4.51X. It indicates that the company is presently marginally overvalued compared to its industry. Another company operating in this space, ConocoPhillips (COP) , is trading EV/EBITDA of 5.09 ...

The oil company is steadily reducing its reliance on oil and gas. Occidental Petroleum (OXY -1.09%) is one of the country's largest oil and gas producers. It recently increased its exposure to the oil market by acquiring CrownRock in a $12 billion deal. That acquisition will add $1 billion to the company's annual free cash flow, assuming oil prices average around $70 a barrel. Unfortunately for Occidental, crude prices have recently slumped below that level. While lower oil prices will affect the company's ...

You may be shocked by how much stock is needed to generate $1,000 in dividend income from owning shares of Occidental Petroleum.Occidental Petroleum (OXY 0.45%) is one of the largest oil and gas producers in the world.So, how many shares do you need to own to generate $1,000 in dividend income? In the simplest terms, someone would need to own 1,137 shares of Occidental stock. Each share of Occidental pays $0.22 in dividends each quarter, which totals $0.88 per share annually. That means a person who owns 10 ...

Group 1: Occidental Petroleum - Occidental Petroleum's stock has dropped 12% despite beating revenue and earnings expectations in Q2 2024, reporting revenue of $6.88 billion and adjusted EPS of $1.03, compared to analyst expectations of $6.8 billion and $0.77 [2] - The decline in stock price is attributed to analysts reducing price targets due to anticipated declines in energy prices, but long-term investors may find value in the stock [3] - The company expects a strong finish to 2024, bolstered by a $12 billion acquisition of CrownRock, which is projected to contribute free cash flow as long as oil prices remain above $40 per barrel [3][4] - Occidental Petroleum's free cash flow yield exceeds that of peers like Diamondback Energy and Hess, indicating strong operational performance [4] - The current stock price is near its 52-week low, presenting a potential buying opportunity for investors [5] Group 2: Whirlpool - Whirlpool has faced challenges due to prolonged high interest rates impacting the housing market and the major domestic appliance (MDA) market, leading to a shift towards replacement purchases [6] - The housing slowdown has negatively affected margins, prompting management to cut full-year earnings and cash flow guidance [6] - Despite these challenges, there is potential for recovery as lower interest rates could boost the housing market and discretionary spending on appliances [7] - Whirlpool has seen profit growth in segments outside of North America MDA and has implemented cost-cutting measures, aiming to reduce costs by at least $300 million this year [7] - The stock is currently undervalued at less than 9 times Wall Street analyst earnings expectations for 2024, with a dividend yield of 6.8%, making it an attractive option for passive income [7]

Occidental Petroleum (OXY) closed at $51.58 in the latest trading session, marking a +0.45% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.03%. Elsewhere, the Dow lost 0.61%, while the tech-heavy Nasdaq added 0.56%.Prior to today's trading, shares of the oil and gas exploration and production company had gained 2.89% over the past month. This has outpaced the Oils-Energy sector's loss of 10.96% and the S&P 500's gain of 1.39% in that time.The investment commu ...

Despite what Warren Buffett’s overall reputation might suggest, not all of his stock picks have been winners.In 2024, this fact is showcased by the fortunes of ‘The Oracle of Omaha’s’ sixth-largest bet and second-biggest energy holding, Occidental Petroleum (NYSE: OXY), which is, at press time on October 23, trading near its 2.5-year lows.Indeed, OXY stock – which made up 5.6% of the Buffett portfolio, per the latest 13-f filing – is 13.24% in the red year-to-date (YTD) and an even deeper 17.06% down in the ...

Core Viewpoint - Warren Buffett's Berkshire Hathaway has significantly increased its stake in Occidental Petroleum despite the company's recent struggles and stock price decline, indicating confidence in the long-term potential of the energy company [1][2]. Group 1: Berkshire Hathaway's Investment - Berkshire Hathaway has become one of Occidental's largest shareholders, holding over 25% of the company's outstanding shares as of Q2 [2]. - The initial investment in Occidental was part of the acquisition of Anadarko in 2019, which involved a $38 billion deal and included a $10 billion investment in preferred stock with an 8% dividend yield [2]. - As of June 2024, Berkshire holds warrants for 83.9 million common shares of Occidental at an exercise price of $59.62 per share, while Occidental currently trades at a discount to these warrants [2]. Group 2: Financial Performance and Debt Management - Occidental's business is cyclical and heavily focused on upstream operations, making it sensitive to oil price fluctuations [3]. - In 2022, Occidental capitalized on rising oil prices, generating significant profits, which were used to pay down $10 billion in debt and reduce annual interest charges by $400 million [3]. - The company has continued to strengthen its financial position in 2023, reducing debt by $3 billion as part of a $4.5 billion debt-reduction plan, achieving a 60% reduction from its peak [3]. Group 3: Market Conditions and Future Outlook - Recent market conditions have negatively impacted Occidental, with oil prices falling due to slowing global demand, particularly from China, and strong U.S. production [4]. - OPEC and the International Energy Agency have lowered global oil demand growth forecasts, predicting a "heavy surplus" of oil supplies in 2025, which could keep prices low [5]. - Occidental's investments in direct-air-capture (DAC) technology present a promising growth opportunity, with potential revenues comparable to current oil and gas production [5][6]. - The company's subsidiary, 1PointFive, received $500 million from the U.S. Department of Energy to support DAC development, with potential funding increasing to $650 million for an expanded carbon network [6]. Group 4: Long-term Investment Considerations - Occidental remains vulnerable to oil price swings, which have affected its stock price, and may continue to face headwinds in the near term [7]. - Despite the volatility, the company's balance sheet is improving, and long-term demand for oil and gas is expected to grow [7]. - The long-term potential of carbon capture utilization and sequestration (CCUS) technology could serve as a significant growth catalyst for Occidental [7].

Group 1: Market Performance - The S&P 500 index has increased nearly 23% this year, but 119 stocks within the index have lost value as of October 11 [1] - Berkshire Hathaway, despite being a long-term investor, has seen one of its top holdings struggle compared to the broader market [1] Group 2: Berkshire Hathaway and Occidental Petroleum - Berkshire Hathaway has been significantly increasing its stake in Occidental Petroleum since late 2019, now owning close to 28% of all outstanding shares, which constitutes nearly 4.5% of its total portfolio [1][2] - Berkshire also holds $10 billion in preferred stock and warrants from Occidental, acquired after funding one of the company's acquisitions in early 2019 [2] Group 3: Oil Market Dynamics - Occidental Petroleum has faced challenges this year, with its stock down 8% and forecasts for U.S. oil demand and prices being reduced for the next year [3] - West Texas Intermediate crude oil prices are expected to decline to $73.13 per barrel [3] Group 4: Future Outlook and Investment Considerations - The decision to invest in Occidental depends on the outlook for oil prices, which could be influenced by geopolitical tensions, such as conflicts in the Middle East [4] - The Federal Reserve's interest rate cuts may weaken the dollar, potentially leading to higher oil prices, although historical correlations may not always hold true [4][5] - Occidental can break even on production with oil prices below $60 per barrel, providing some margin for error [5]