Occidental Petroleum Q4 Earnings Preview: Buffett's Confidence, What Analysts Expect, Path To Carbon Neutrality
Portfolio Pulse from Surbhi Jain
Occidental Petroleum Corp (NYSE:OXY) is set to report its Q4 earnings on Feb. 14, with expectations of 71 cents in EPS and $6.95 billion in revenues. The company, a significant holding in Warren Buffett's portfolio, has faced recent underperformance but shows potential for growth and carbon neutrality. Analysts focus on revenue, earnings, debt management, and carbon neutrality initiatives. The consensus rating is Neutral with a price target of $64.04, while the stock was trading at $57.62.
February 13, 2024 | 9:04 pm
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Occidental Petroleum is expected to report Q4 earnings with a focus on growth, carbon neutrality, and financial stability. Analysts rate it Neutral with a target of $64.04, current price $57.62.
The anticipation of Q4 earnings, combined with Warren Buffett's continued investment and the company's focus on carbon neutrality, positions OXY for potential short-term growth. The current trading price below analyst targets suggests room for positive movement, especially if earnings meet or exceed expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100