Occidental Petroleum (OXY) Earnings: 4Q Adjusted EPS Surpasses Estimates

Occidental Petroleum on Smartkarma

Occidental Petroleum Corporation has been receiving positive coverage from analysts on Smartkarma, an independent investment research network. According to Baptista Research, the company’s midstream business has exceeded expectations, leading to an increase in full-year production forecast. The company also entered into a purchase agreement to acquire CrownRock L.P., further boosting its success. This has resulted in a bullish sentiment from analysts.

In another report by Baptista Research, Occidental Petroleum is tackling challenges with bold operational improvements. Although the company delivered a disappointing set of results, it managed to generate over $1 billion of free cash flow for working capital. Despite planned maintenance activities, the company’s adjusted profit slightly exceeded the reported profit. This has led to a bullish sentiment from analysts on Smartkarma.

A look at Occidental Petroleum Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Occidental Petroleum Corporation, an energy company that explores, develops, produces, and markets crude oil and natural gas, has a mixed outlook according to Smartkarma’s Smart Scores. The company scores a 3 out of 5 for Value, indicating that it may not be undervalued but also not overvalued. Its Dividend score of 2 suggests a moderate ability to pay dividends to shareholders. However, the company scores a strong 4 out of 5 for Growth, indicating potential for future growth. On the other hand, its Resilience score of 2 suggests a lower ability to withstand economic downturns. Lastly, Occidental Petroleum scores a 3 out of 5 for Momentum, indicating a moderate level of market momentum.

Despite the mixed scores, Occidental Petroleum remains a major player in the energy industry, with a diverse portfolio that includes the exploration, production, and marketing of crude oil and natural gas, as well as the manufacturing and marketing of various chemicals. The company also has a strong presence in gathering, treating, and transporting various energy resources. While its Smart Scores may not be the highest, Occidental Petroleum‘s diverse operations and strong market presence bode well for its long-term outlook. Investors should keep an eye on the company’s performance and future growth potential.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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