Top Wall Street Forecasters Revamp Occidental Petroleum Price Expectations Ahead Of Q4 Earnings

Occidental Petroleum Corporation OXY will release its fourth-quarter financial results, after the closing bell, on Tuesday, Feb. 18, 2025.

Analysts expect the Houston, Texas-based company to report quarterly earnings at 70 cents per share, down from 74 cents per share in the year-ago period. Occidental Petroleum projects quarterly revenue of $7.05 billion, compared to $7.53 billion a year earlier, according to data from Benzinga Pro.

Ecopetrol S.A. EC recently disclosed that Ecopetrol Permian LLC and Occidental Petroleum have planned to extend the development plan for Rodeo Midland Basin in the Permian Basin (Texas, USA).

Occidental Petroleum shares gained 0.4% to close at $48.06 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Goldman Sachs analyst Neil Mehta downgraded the stock from Neutral to Sell and cut the price target from $54 to $45 on Jan. 31, 2025. This analyst has an accuracy rate of 69%.
• Truist Securities analyst Neil Dingmann maintained a Hold rating and raised the price target from $56 to $58 on Jan. 13, 2025. This analyst has an accuracy rate of 66%.
• Piper Sandler analyst Ryan Todd maintained a Neutral rating and cut the price target from $57 to $51 on Dec. 19, 2024. This analyst has an accuracy rate of 69%.
• Wells Fargo analyst Roger Read maintained an Equal-Weight rating and cut the price target from $56 to $53 on Dec. 9, 2024. This analyst has an accuracy rate of 64%.
• Citigroup analyst Scott Gruber maintained a Neutral rating and cut the price target from $57 to $56 on Nov. 26, 2024. This analyst has an accuracy rate of 62%.

Considering buying OXY stock? Here’s what analysts think:

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