Core Insights - Occidental Petroleum Corporation is set to release its third-quarter earnings results on November 10, with analysts expecting earnings of 51 cents per share, a decrease from $1.00 per share in the same period last year [1] - The consensus estimate for quarterly revenue is $6.7 billion, down from $7.15 billion a year earlier [1] Group 1: Earnings Expectations - Analysts predict a significant decline in earnings per share from $1.00 to 51 cents year-over-year [1] - Revenue expectations also reflect a decrease, with a forecast of $6.7 billion compared to $7.15 billion in the previous year [1] Group 2: Analyst Ratings and Price Target - Piper Sandler analyst Mark Lear has maintained a Neutral rating on Occidental and lowered the price target from $50 to $47 [2] - The current annual dividend yield for Occidental is 2.38%, translating to a quarterly dividend of 24 cents per share [2] Group 3: Dividend Insights - To achieve a monthly income of $500 from dividends, an investment of approximately $251,875 or around 6,250 shares is required [2] - For a more modest monthly income of $100, an investment of $50,375 or around 1,250 shares would be necessary [2] - The dividend yield is subject to change based on fluctuations in both the dividend payment and the stock price [3][4] Group 4: Stock Performance - Shares of Occidental Petroleum increased by 1.4%, closing at $40.30 [4]
How To Earn $500 A Month From Occidental Petroleum Stock Ahead Of Q3 Earnings