Here's Why Occidental Petroleum (OXY) is a Strong Momentum Stock

Company Overview - Occidental Petroleum Corporation is an integrated oil and gas company based in Houston, TX, founded in 1920, with significant exploration and production exposure [12] - The company operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing [12] Reserves and Production - As of the end of 2024, Occidental's preliminary worldwide proved reserves totaled 4.6 billion barrels of oil equivalent (BOE), an increase from 3.98 billion BOE at the end of 2023 [12] - The company achieved a reserve replacement rate of 112% in 2024 [12] Investment Ratings and Performance - Occidental is currently rated 3 (Hold) on the Zacks Rank, with a VGM Score of A [13] - The stock has a Momentum Style Score of A, with shares increasing by 3.5% over the past four weeks [13] - Nine analysts have revised their earnings estimates upwards for fiscal 2025, with the Zacks Consensus Estimate increasing by $0.35 to$3.58 per share [13] - The company boasts an average earnings surprise of 23.6% [13] Investment Considerations - With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, Occidental should be considered for investors' short lists [14]