What are the expectations for oxy future performance and potential impact on the market sentiment?

**Occidental Petroleum (OXY) is expected to have a positive future performance**, which could have a favorable impact on market sentiment:

1. **Analyst Ratings and Price Targets**: The average 12-month price target for OXY is $71.69, representing a 13.06% upside from the last price of $63.41. This suggests that analysts are optimistic about the stock's future performance.
2. **Financial Performance**: OXY reported a net income of $718 million and adjusted income of $604 million for the first quarter of 2024, indicating strong financial performance. This could lead to increased investor confidence and a positive market sentiment.
3. **Operational Excellence**: OXY's focus on operational excellence and the execution of its diversified portfolio are expected to contribute to free cash flow growth. This financial stability could enhance market sentiment towards the stock.
4. **Strategic Initiatives**: OXY's emphasis on sustainability and low-carbon initiatives, such as the acquisition of Carbon Engineering, could align with evolving environmental concerns and investor expectations. This strategic positioning may positively influence market sentiment.
5. **Market Reaction to Earnings**: OXY's EPS for Q1 2024 topped analyst expectations, although it was significantly down from the previous year. The market's reaction to future earnings reports, if they continue to exceed expectations, could further bolster positive sentiment.

In conclusion, OXY's future performance is expected to be positive, driven by strong financials, operational excellence, and strategic initiatives. This optimism could lead to a favorable impact on market sentiment towards OXY.