OXY(US:OXY) ZACKSยท2025-05-02 14:21Core Viewpoint - Analysts forecast Occidental Petroleum (OXY) will report quarterly earnings of $0.73 per share, reflecting a year-over-year increase of 12.3%, with anticipated revenues of $7.15 billion, an increase of 18.9% compared to the previous year [1]. Earnings Estimates - The consensus EPS estimate has been revised 29.6% lower over the last 30 days, indicating a collective reevaluation by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong relationship between earnings estimate revisions and short-term stock performance [3]. Revenue Forecasts - Analysts estimate 'Net sales - Oil and gas' at $5.71 billion, a year-over-year change of +16.3% [5]. - 'Net sales - Chemical' is forecasted to reach $1.24 billion, indicating a +4.5% change year-over-year [5]. - 'Net sales - Midstream & marketing' is expected to be $429.84 million, suggesting a significant change of +334.2% year-over-year [5]. Income and Revenue Breakdown - 'Interest, dividends and other income' is estimated at $38.00 million, reflecting a +5.6% change from the prior year [6]. - 'Revenue - Oil - United States' is projected to reach $3.92 billion, indicating a +17.1% year-over-year change [6]. - 'Revenue - NGL - United States' is expected to be $545.18 million, a +31.1% change from the previous year [7]. - 'Revenue - GAS - United States' is forecasted at $376.86 million, reflecting a substantial +101.5% year-over-year change [7]. - The average prediction for 'Revenue - Oil & Gas - United States' stands at $4.84 billion, indicating a +22.4% change from the prior year [7]. Production Estimates - Analysts project 'Worldwide Sales - Total Continuing Operations Production Per Day' to reach 1,395.28 million barrels of oil equivalent, compared to 1,172 million barrels of oil equivalent a year ago [8]. - 'Net Production Volumes Per Day By Commodity - Natural Gas - Total Worldwide' is expected to be 2,237.96 million cubic feet, up from 1,796 million cubic feet in the same quarter last year [9]. - 'Net Production Volumes Per Day By Commodity - Oil - Total Worldwide' is estimated at 706.54 million barrels of oil, compared to 593 million barrels in the same quarter of the previous year [10]. - The 'Average Realized Prices - NGLs - Total Worldwide' is projected to reach $24.09 per barrel of oil equivalent, up from $22.14 per barrel a year ago [10].