Core Viewpoint - Occidental Petroleum (OXY) shares have decreased by approximately 5.9% since the last earnings report, although this performance has outpaced the S&P 500 [1] Estimates Movement - Consensus estimates for Occidental have trended downward over the past month, with a shift of -23.19% [2] VGM Scores - Occidental currently holds an average Growth Score of C, a Momentum Score of F, and a Value Score of B, placing it in the top 40% for the value investment strategy. The aggregate VGM Score is C [3] Outlook - The overall trend of estimates for Occidental indicates a downward shift, with a Zacks Rank of 3 (Hold), suggesting an expectation of in-line returns in the coming months [4] Industry Performance - Occidental is part of the Zacks Oil and Gas - Integrated - United States industry. ConocoPhillips (COP), a peer in the same industry, has seen a gain of 1.8% over the past month. ConocoPhillips reported revenues of $14.74 billion for the last quarter, reflecting a year-over-year decline of -3.7% [5] - ConocoPhillips is expected to report earnings of $2.04 per share for the current quarter, indicating a year-over-year increase of +0.5%. The Zacks Consensus Estimate for ConocoPhillips has changed by -1% over the last 30 days, also holding a Zacks Rank of 3 (Hold) and a VGM Score of C [6]
Why Is Occidental (OXY) Down 5.9% Since Last Earnings Report?