OXY Stock Pre-Q3 Earnings: Should You Hold or Sell the Stock?
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Occidental Petroleum's third-quarter production is expected to remain strong due to contributions from acquired assets, but a drop in commodity prices poses a concern.
November 11, 2024 | 6:00 pm
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NEUTRAL IMPACT
Occidental Petroleum's Q3 production is bolstered by acquired assets, but declining commodity prices could negatively impact earnings.
The strong production from acquired assets is a positive factor for Occidental Petroleum, but the decline in commodity prices could offset these gains, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100