OXY Stock Recent News

Occidental Petroleum posted strong second-quarter results. The oil company's momentum should continue in the near term thanks to its recently closed CrownRock deal.

Occidental Petroleum's (OXY) second-quarter earnings are better than estimated. Strong production volume from domestic assets continues to drive the performance of the company.

Occidental Petroleum (OXY) came out with quarterly earnings of $1.03 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.68 per share a year ago.

Oil stock Occidental Petroleum OXY reported second-quarter financial results after market close Wednesday.

Occidental Petroleum reported a rise in second-quarter profit on Wednesday, as the oil and gas firm benefited from higher oil production and crude prices.

HOUSTON, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced its second quarter 2024 financial results. The earnings release and accompanying financial schedules can be accessed via the Investor Relations section of the company's website, oxy.com. The earnings release is also available on the U.S. Securities and Exchange Commission's website at sec.gov.

Occidental Petroleum Corp  OXY shares are oversold. They are also at support.

Occidental's (OXY) second-quarter earnings are likely to have benefited from strong domestic production volumes and contribution from chemical business.

Occidental Petroleum has assets in both the upstream and midstream links of the energy value chain. The company generates strong free cash flow from which it can source its dividend payments.

Occidental (OXY) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.