OXY Gains 0.51% as Volume Plummets 39% to 349th U.S. Rank Amid Earnings Dismay

On August 5, 2025, Occidental Petroleum (OXY) closed at $43.06, up 0.51% from the previous session. Trading volume fell 39.04% to $0.34 billion, ranking 349th among U.S. stocks. The company is set to release Q2 earnings on August 6, with analysts forecasting an EPS of $0.31—a 69.7% year-over-year decline—and revenue of $6.29 billion. Operational challenges in the Gulf of Mexico and cost-reduction initiatives are cited as key factors behind the projected drop.

Wall Street analysts project a mixed outlook, with a one-year average target price of $49.75, implying a 15.75% potential upside from current levels. The consensus recommendation from 26 brokerage firms remains a "Hold," reflecting cautious sentiment. Meanwhile, GuruFocus estimates a 22.4% upside potential over the next year, based on historical multiples and growth projections. These diverging forecasts highlight uncertainty around OXY’s ability to balance production cuts with debt reduction progress.

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