Occidental Petroleum (OXY) Earnings Estimate Revisions and Zacks Rank #3 (Hold) Rating

Occidental Petroleum (OXY) has been on Zacks.com's most searched stocks list, with shares returning 0.3% over the past month. The oil and gas exploration and production company's Zacks Oil and Gas - Integrated - United States industry has gained 4.1% over this period. The Zacks Rank, which uses earnings estimate revisions, rates OXY as a Zacks Rank #3 (Hold) due to a recent change in the consensus estimate.

Occidental Petroleum (OXY) has been a focal point on Zacks.com's most searched stocks list, with shares returning 0.3% over the past month. The oil and gas exploration and production company's Zacks Oil and Gas - Integrated - United States industry has gained 4.1% over this period. The Zacks Rank, which uses earnings estimate revisions, rates OXY as a Zacks Rank #3 (Hold) due to a recent change in the consensus estimate [2].

Recent Performance and Industry Trends

In the latest trading session, Occidental Petroleum closed at $44.41, marking a -2.31% move from the prior day. This performance was less than the S&P 500's daily loss of 0.13%. The Dow registered a loss of 0.39%, while the technology-centric Nasdaq increased by 0.15% [1]. Over the past month, Occidental Petroleum's stock has gained 6.07%, while the broader Oils-Energy sector gained 4.18% and the S&P 500 gained 3.39%.

Upcoming Earnings Report

Investors will closely monitor Occidental Petroleum's performance in its forthcoming earnings report, scheduled for release on August 6, 2025. Analysts expect the company to post earnings of $0.28 per share, representing a year-over-year decline of 72.82% [1]. The consensus revenue estimate for the current quarter is $6.48 billion, indicating a 5.83% downward movement from the same quarter last year. For the entire year, the Zacks Consensus Estimates forecast earnings of $2.29 per share and revenue of $26.69 billion, indicating changes of -33.82% and -0.69%, respectively, compared to the previous year [1].

Zacks Rank and Earnings Estimate Revisions

Occidental Petroleum's Zacks Rank of #3 (Hold) indicates a moderate outlook. The Zacks Rank system, which integrates earnings estimate revisions, has a proven track record of outperformance. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.48% decrease, leading to the company's current Zacks Rank [2].

Valuation and Industry Comparison

Occidental Petroleum's current Forward P/E ratio of 19.9 is higher than the industry average of 17.54. The company's Zacks Value Style Score of B suggests that it is trading at a discount to its peers. This valuation metric helps determine whether a stock is overvalued, rightly valued, or undervalued compared to its peers [2].

Conclusion

While Occidental Petroleum faces significant earnings challenges, the recent changes in earnings estimates and industry trends provide some context for its near-term performance. Investors should closely monitor the upcoming earnings report and any revisions to analyst forecasts to gauge the company's future prospects. The Zacks Rank #3 (Hold) rating suggests a neutral outlook, but the stock's valuation and industry performance will be key factors to watch.

References:

[1] https://finance.yahoo.com/news/occidental-petroleum-oxy-suffers-larger-215003563.html
[2] https://finance.yahoo.com/news/occidental-petroleum-corporation-oxy-attracting-130002241.html