Occidental Petroleum Trading Volume Drops 32.42% Despite Rising Oil Prices

On April 11, 2025, Occidental Petroleum (OXY) saw a trading volume of $656 million, marking a 32.42% decrease from the previous day. The stock price rose by 3.29%.

Occidental Petroleum reported higher prices for crude oil and natural gas in the first quarter of 2025 compared to the previous quarter. This increase in prices is a positive indicator for the company's financial performance in the near term.

Scotiabank downgraded Occidental Petroleum, citing concerns about the company's ability to increase production in the first quarter. Despite the higher prices for oil and gas, the benefits may not flow through to the company's top and bottom lines unless production increases.

Occidental Petroleum has been on the list of the most searched stocks on Zacks.com, indicating significant investor interest. The company's stock has returned -19.8% over the past month, compared to the Zacks S&P 500 composite's -6.1% change. The Zacks Oil and Gas - Integrated - United States industry, to which Occidental belongs, has lost 11.8% over this period.

Occidental is expected to post earnings of $0.75 per share for the current quarter, representing a year-over-year change of +15.4%. The consensus earnings estimate of $3.14 for the current fiscal year indicates a year-over-year change of -9.3%. For the next fiscal year, the consensus earnings estimate of $3.69 indicates a change of +17.7% from what Occidental is expected to report a year ago.

The consensus sales estimate for the current quarter of $7.04 billion indicates a year-over-year change of +17.1%. For the current and next fiscal years, $29.2 billion and $29.87 billion estimates indicate +8.6% and +2.3% changes, respectively.

Occidental reported revenues of $6.84 billion in the last reported quarter, representing a year-over-year change of -9.2%. EPS of $0.80 for the same period compares with $0.74 a year ago. The company beat consensus EPS estimates in each of the trailing four quarters but could not beat consensus revenue estimates in any of the last four quarters.

Occidental is graded A on the Zacks Value Style Score, indicating that it is trading at a discount to its peers. This suggests that the stock may be undervalued relative to its peers, which could be an attractive opportunity for investors.