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Shale producer Occidental Petroleum beats quarterly profit estimates
Reuters· 2025-11-10 21:17
Core Insights - Occidental Petroleum exceeded Wall Street expectations for third quarter profit, driven by increased production levels [1] Company Performance - The company reported higher production, which contributed positively to its financial results for the third quarter [1]
Occidental Announces Third Quarter 2025 Results
Globenewswire· 2025-11-10 21:15
Core Viewpoint - Occidental announced its third quarter 2025 financial results, highlighting its position as a leading oil and gas producer in the U.S. and its commitment to reducing emissions through innovative technologies [1][3]. Financial Results - The earnings release for the third quarter 2025 can be accessed on the company's website and the U.S. Securities and Exchange Commission's website [1]. Conference Call - A conference call to discuss the financial results is scheduled for November 11, 2025, at 1 p.m. Eastern/12 p.m. Central, with access available via phone or webcast [2]. Company Overview - Occidental is an international energy company with significant assets in the U.S., Middle East, and North Africa, and is a major producer in the Permian and DJ basins [3]. - The company also focuses on midstream and marketing segments, including Oxy Low Carbon Ventures, which aims to advance technologies that reduce emissions while growing the business [3]. - Occidental's chemical subsidiary, OxyChem, manufactures essential products, reinforcing the company's commitment to carbon management and a lower-carbon future [3].
Occidental Petroleum Likely To Report Lower Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call - Occidental Petroleum (NYSE:OXY)
Benzinga· 2025-11-10 15:46
Core Viewpoint - Occidental Petroleum Corporation is expected to report a decline in earnings and revenue for the third quarter compared to the previous year [1] Financial Performance - Analysts predict quarterly earnings of 51 cents per share, down from $1.00 per share in the same period last year [1] - The consensus estimate for quarterly revenue is $6.7 billion, compared to $7.15 billion a year earlier [1] Dividend Announcement - On November 5, Occidental declared a regular quarterly dividend of 24 cents per share on common stock [2] Stock Performance - Occidental Petroleum shares increased by 2.5%, closing at $41.31 on Friday [2] Analyst Ratings - Susquehanna analyst maintained a Positive rating but reduced the price target from $55 to $54 [4] - Wells Fargo initiated coverage with an Underweight rating and a price target of $42 [4] - Evercore ISI Group maintained an Underperform rating and cut the price target from $40 to $38 [4] - HSBC upgraded the stock from Hold to Buy and raised the price target from $48 to $55 [4] - Roth Capital maintained a Neutral rating and increased the price target from $45 to $46 [4]
Occidental Petroleum Likely To Report Lower Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Benzinga· 2025-11-10 15:46
Core Viewpoint - Occidental Petroleum Corporation is expected to report a decline in quarterly earnings and revenue for the third quarter compared to the previous year [1] Financial Performance - Analysts predict Occidental will report earnings of 51 cents per share, down from $1.00 per share in the same quarter last year [1] - The consensus estimate for quarterly revenue is $6.7 billion, a decrease from $7.15 billion a year earlier [1] Dividend Announcement - On November 5, Occidental declared a regular quarterly dividend of 24 cents per share on common stock [2] - Following the dividend announcement, Occidental Petroleum shares rose by 2.5% to close at $41.31 [2] Analyst Ratings - Susquehanna analyst maintained a Positive rating but reduced the price target from $55 to $54 [4] - Wells Fargo initiated coverage with an Underweight rating and a price target of $42 [4] - Evercore ISI Group maintained an Underperform rating and cut the price target from $40 to $38 [4] - HSBC upgraded the stock from Hold to Buy and raised the price target from $48 to $55 [4] - Roth Capital maintained a Neutral rating and increased the price target from $45 to $46 [4]
Top Stocks With Earnings This Week: Plug, Oklo, Circle And More
Benzinga· 2025-11-10 13:38
Earnings Reports Overview - The earnings season is slowing down, but several retail-favorite companies are set to report this week [1] - Key companies reporting include Barrick Mining Corp., Plug Power Inc., Oklo Inc., Cisco Systems Inc., Walt Disney Co., and Applied Materials Inc. [2][3][5][10][11] Company-Specific Insights - Barrick Mining Corp. reported its third-quarter results before the market opened on November 10 [2] - Plug Power Inc. is expected to report losses of 12 cents per share and revenue of $179.54 million, having missed earnings expectations for the last 18 quarters [3] - Oklo Inc. is anticipated to report losses of 13 cents per share and revenue of $17.01 billion, with stock volatility noted ahead of the report [5] - Cisco Systems Inc. is expected to be a focal point for investors, particularly regarding management's guidance and updates on AI and cybersecurity business momentum [10] - Walt Disney Co. and JD.com Inc. will release earnings reports before the market opens on November 13 [11] - Applied Materials Inc. is set to release its Q4 results after the market closes on November 13 [11] Additional Companies Reporting - Other companies reporting this week include Workhorse Group Inc., Beyond Meat Inc., Microvision Inc., and Virgin Galactic Holdings Inc. [4][6][12]
Stock Market Today: S&P 500, Nasdaq Futures Rise As Nvidia, TSMC, Occidental Petroleum Lead Advances - SPDR S&P 500 (ARCA:SPY)
Benzinga· 2025-11-10 10:22
Market Overview - U.S. stock futures rose on Monday following a mixed close on Friday, with major benchmark indices showing positive movement [1] - Investors are reacting to a potential end to the government shutdown and a surprise stimulus proposal from President Trump [1][2] - The Senate held a key vote on a funding bill aimed at ending the 40-day government shutdown [1] Futures Performance - Dow Jones futures increased by 0.42%, S&P 500 by 0.97%, Nasdaq 100 by 1.52%, and Russell 2000 by 1.11% [3] - The SPDR S&P 500 ETF Trust (SPY) rose by 0.98% to $677.52, while Invesco QQQ Trust ETF (QQQ) advanced by 1.52% to $619.02 [3] Stocks in Focus - Occidental Petroleum Corp. (NYSE: OXY) is expected to report quarterly earnings of 52 cents per share on revenue of $6.68 billion, rising 0.70% in premarket [5] - Viasat Inc. (NASDAQ: VSAT) jumped 13.21% after posting earnings of 9 cents per share on sales of $1.141 billion for the second quarter [5] - Micron Technology Inc. (NASDAQ: MU) gained 4.48% due to rising prices for next-generation HBM4 memory chips [5] - Nvidia Corp. (NASDAQ: NVDA) increased by 3.23%, leading the Nasdaq and S&P 500 higher [11] - Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) climbed 2.76% with October revenue up 17% year-over-year to $11.99 billion [11] Analyst Insights - Ryan Detrick of Carson Group views government shutdowns as short-term noise, noting that the S&P 500's median return during past shutdowns was only 0.1% [8] - Historical data indicates that the S&P 500 has averaged a gain of 12.3% in the 12 months following the end of a government shutdown, with a 91% success rate in positive market performance [9][10]
Stock Market Today: S&P 500, Nasdaq Futures Rise As Nvidia, TSMC, Occidental Petroleum Lead Advances
Benzinga· 2025-11-10 10:22
Market Overview - U.S. stock futures rose on Monday following a mixed close on Friday, with major benchmark indices showing positive movement [1] - Investors are focused on two significant developments: progress towards ending the government shutdown and a surprise stimulus proposal from President Trump [1][2] - The Senate held a key vote on a funding bill aimed at concluding the 40-day government shutdown [1] Economic Indicators - The 10-year Treasury bond yielded 4.13%, while the two-year bond was at 3.59% [2] - Market expectations indicate a 64.9% likelihood of the Federal Reserve cutting interest rates in December [2] Futures Performance - Dow Jones increased by 0.42%, S&P 500 by 0.97%, Nasdaq 100 by 1.52%, and Russell 2000 by 1.11% [3] - The SPDR S&P 500 ETF Trust (SPY) rose 0.98% to $677.52, and Invesco QQQ Trust ETF (QQQ) advanced 1.52% to $619.02 in premarket trading [3] Company Highlights - Occidental Petroleum Corp. (NYSE: OXY) is expected to report quarterly earnings of 52 cents per share on revenue of $6.68 billion, rising 0.70% in premarket [5] - Viasat Inc. (NASDAQ: VSAT) jumped 13.21% after posting earnings of 9 cents per share on sales of $1.141 billion for the second quarter [5] - Micron Technology Inc. (NASDAQ: MU) gained 4.48% due to rising prices for next-generation HBM4 memory chips [5] - Nvidia Corp. (NASDAQ: NVDA) increased by 3.23%, leading the Nasdaq and S&P 500 higher [11] - Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) climbed 2.76% with October revenue up 17% year-over-year to $11.99 billion [11] Analyst Insights - Ryan Detrick of Carson Group views government shutdowns as short-term noise, noting that the S&P 500's median return during past shutdowns was only 0.1% [8] - Historically, the S&P 500 has averaged a gain of 12.3% in the 12 months following the end of a government shutdown, with a 91% success rate in positive market performance post-reopening [9][10]
Tyson Foods, Interpublic Group And 3 Stocks To Watch Heading Into Monday - Occidental Petroleum (NYSE:OXY)
Benzinga· 2025-11-10 06:26
Core Insights - U.S. stock futures are trading higher, indicating a positive market sentiment for the day [1] Company Earnings Expectations - Tyson Foods Inc. (NYSE:TSN) is expected to report quarterly earnings of 83 cents per share on revenue of $13.97 billion, with shares rising 0.3% to $52.86 in after-hours trading [2] - Interpublic Group of Companies Inc. (NYSE:IPG) is projected to post quarterly earnings of 73 cents per share on revenue of $2.19 billion, with shares increasing 1.7% to close at $25.46 [2] - Viasat Inc. (NASDAQ:VSAT) reported adjusted earnings of 9 cents per share on sales of $1.141 billion for the second quarter, with shares rising 0.9% to close at $35.81 [2] - Dole PLC (NYSE:DOLE) is anticipated to report quarterly earnings of 17 cents per share on revenue of $2.15 billion, with shares gaining 0.7% to close at $13.14 [2] - Occidental Petroleum Corp. (NYSE:OXY) is expected to report quarterly earnings of 52 cents per share on revenue of $6.68 billion, with shares increasing 2.5% to close at $41.31 [2]
Occidental Petroleum Q3 Preview: What to expect? (NYSE:OXY)
Seeking Alpha· 2025-11-07 18:20
Petrochemical company Occidental Petroleum (OXY) is set to announce its third-quarter earnings on Monday, November 10th, after the closing bell. Analysts expect a 49% decline in EPS to $0.51 on revenue of $6.7B. According to Seeking Alpha analyst Curonian Research, Occidental’s ...
OXY Stock Set to Post Q3 Earnings: What to Expect This Season?
ZACKS· 2025-11-07 17:11
Core Insights - Occidental Petroleum Corporation (OXY) is anticipated to report a year-over-year decline in both revenues and earnings for the third quarter of 2025, with results expected on November 10 after market close [1][5] - The company has consistently beaten earnings estimates in the last four quarters, averaging a surprise of 25.72% [1] Production and Earnings Expectations - OXY's production volumes for the third quarter are expected to improve compared to the previous quarter, driven by enhanced activity levels in the Permian region and increased production across all main operating areas [2] - The company anticipates production of 1,415-1,455 thousand barrels of oil equivalent per day (Mboe/d) for Q3 2025, with the Permian Resources segment expected to contribute 779-799 Mboe/d [6] Financial Performance Indicators - The Zacks Consensus Estimate for OXY's third-quarter revenues is $6.72 billion, reflecting a decline of 6.04% year-over-year, while the consensus for earnings is set at 48 cents per share, indicating a 52% decrease from the previous year [5][9] - Strong domestic demand for PVC may positively influence earnings, although market oversupply remains a concern [3] - OXY has been generating cash flow to reduce debts, retiring $7.5 billion in debt, which has lowered annual interest expenses by $410 million, likely benefiting earnings per share [4] Market Position and Earnings Prediction - The Zacks model does not predict an earnings beat for OXY this quarter, as the company holds a Zacks Rank of 4 (Sell) and an Earnings ESP of +0.89% [7][8] - Despite the anticipated decline in revenues and earnings, higher production volumes and effective cost management may help improve margins [9]