Occidental Petroleum (OXY) Falls More Steeply Than Broader Market: What Investors Need to Know

Core Viewpoint - Occidental Petroleum is facing a challenging earnings outlook with anticipated declines in both earnings per share (EPS) and revenue compared to the previous year [2][3]. Group 1: Recent Performance - Occidental Petroleum's stock closed at $43.35, reflecting a -1.03% change from the previous day, underperforming the S&P 500's loss of 0.79% [1]. - Over the past month, the company's shares gained 2.96%, which is lower than the Oils-Energy sector's gain of 6.03% and the S&P 500's gain of 5.22% [1]. Group 2: Upcoming Earnings - The company's earnings report is scheduled for August 6, 2025, with an expected EPS of $0.36, indicating a significant decline of 65.05% year-over-year [2]. - Quarterly revenue is projected to be $6.45 billion, down 6.28% from the same period last year [2]. Group 3: Full-Year Estimates - For the full year, the Zacks Consensus Estimates predict earnings of $2.3 per share and revenue of $26.54 billion, representing year-over-year declines of -33.53% and -1.27%, respectively [3]. Group 4: Analyst Forecasts - Recent revisions to analyst forecasts for Occidental Petroleum are crucial as they reflect changing business trends, with positive changes indicating analyst optimism [4]. Group 5: Zacks Rank and Valuation - The Zacks Rank system currently rates Occidental Petroleum as 3 (Hold), with a recent upward shift of 3.94% in the EPS estimate [6]. - The company is trading at a Forward P/E ratio of 19.08, which is higher than the industry average Forward P/E of 16.33 [7].