Occidental Petroleum Corporation ($OXY) Stock Forecast: Down 8.8% Today

What is Occidental Petroleum Corporation?

Occidental Petroleum (NYSE: OXY) is a multinational oil and gas exploration and production company. Today, the stock experienced a significant bearish movement in the market.

Why is Occidental Petroleum Corporation going down?

OXY stock is down 8.8% on Apr 3, 2025 16:08

• Despite recent bullish options activity and the company's strong historical performance, Occidental Petroleum faced a bearish market movement today.
• The unusual options activity indicating a bullish stance from investors did not seem to translate into a positive market performance for OXY.
• It is possible that external factors such as a broader market downturn or negative industry news may have influenced the bearish movement in Occidental Petroleum's stock price today.
• Investors should keep an eye on any upcoming developments or news that could potentially impact Occidental Petroleum's stock performance in the short term.

OXY Price Chart

OXY Technical Analysis

OXY News

Occidental Petroleum Unusual Options Activity - Occidental Petroleum ( NYSE:OXY )

Investors with a lot of money to spend have taken a bullish stance on Occidental Petroleum OXY. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know.

https://www.benzinga.com/insights/options/25/04/44629918/occidental-petroleum-unusual-options-activity

Here's How Much You Would Have Made Owning Occidental Petroleum Stock In The Last 5 Years - Occidental Petroleum ( NYSE:OXY )

Occidental Petroleum OXY has outperformed the market over the past 5 years by 13.43% on an annualized basis producing an average annual return of 29.63%. Currently, Occidental Petroleum has a market capitalization of $46.23 billion.

https://www.benzinga.com/insights/news/25/04/44597198/heres-how-much-you-would-have-made-owning-occidental-petroleum-stock-in-the-last-5-years

Occidental Petroleum's Options Frenzy: What You Need to Know - Occidental Petroleum ( NYSE:OXY )

Investors with a lot of money to spend have taken a bullish stance on Occidental Petroleum OXY. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know.

https://www.benzinga.com/insights/options/25/03/44566915/occidental-petroleums-options-frenzy-what-you-need-to-know

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Occidental Petroleum Corporation Price History

13.10.2024 - OXY Stock was up 1.0%

• OXY's third-quarter earnings surpassed expectations, driven by strong sales volume in the face of lower commodity prices.
• There has been a notable increase in bullish options trading, indicating a growing confidence among investors in Occidental Petroleum's future performance.
• Investors are eagerly anticipating OXY's Q3 earnings report to evaluate the company's ability to validate Warren Buffett's investment and address recent stock declines.
• Despite a decrease in earnings per share from the previous year, OXY's positive earnings outlook is drawing interest from investors and contributing to the bullish market trend.

13.10.2024 - OXY Stock was down 4.0%

• Occidental Petroleum (OXY) experienced a strong bearish movement despite financial giants showing bullish tendencies in options trading.
• The anticipation of Occidental Petroleum's Q3 earnings release may have contributed to the bearish sentiment as investors question the company's ability to justify Warren Buffett's confidence.
• Analysts' expectations of lower quarterly earnings compared to the previous year could have further dampened investor sentiment towards OXY.
• The overall market sentiment, as indicated by U.S. stock futures trading lower, may have also influenced the bearish movement of Occidental Petroleum's stock today.

03.03.2025 - OXY Stock was down 8.8%

• Despite recent bullish options activity and the company's strong historical performance, Occidental Petroleum faced a bearish market movement today.
• The unusual options activity indicating a bullish stance from investors did not seem to translate into a positive market performance for OXY.
• It is possible that external factors such as a broader market downturn or negative industry news may have influenced the bearish movement in Occidental Petroleum's stock price today.
• Investors should keep an eye on any upcoming developments or news that could potentially impact Occidental Petroleum's stock performance in the short term.

14.10.2024 - OXY Stock was up 5.0%

• OXY experienced a strong bullish movement likely due to:
• Better-than-expected Q3 earnings, despite lagging revenues, showcasing the company's ability to perform well in challenging market conditions.
• The bullish sentiment from financial giants and options traders, with a majority showing confidence in the company's future prospects.
• Anticipation surrounding OXY's Q3 earnings release, with investors eager to see if the company can justify Warren Buffett's support and potentially turn around its recent stock slump.

20.11.2024 - OXY Stock was up 5.0%

• An increase in stake by a major investment firm through the purchase of nearly 9 million shares at an average price of $45.99 likely boosted investor confidence and contributed to the bullish movement.
• The positive sentiment around the stock was reinforced by a bullish approach from deep-pocketed investors evident in public options records.
• Occidental Petroleum outperformed despite broader market fluctuations, showcasing strong investor interest and potential positive outlook for the company.

23.09.2023 - OXY Stock was down 4.0%

• Berkshire Hathaway increasing stakes in OXY might have initially indicated positive sentiment, but it did not prevent the bearish movement.
• The price target increase by Susquehanna was not enough to counteract the negative market sentiment.
• The broader market slump also contributed to the dip in OXY shares.
• Despite Warren Buffett's investment strategy and Berkshire Hathaway's involvement, OXY was unable to withstand the bearish market trend.

15.01.2024 - OXY Stock was up 3.4%

• OXY had a strong bullish movement today, likely driven by:
• Warren Buffett's increased investment in OXY, which could have boosted investor confidence and signaled positive prospects for the company.
• Occidental Petroleum beating profit estimates in the fourth quarter, indicating strong U.S. production and financial performance, which may have attracted investors.
• The company's decision to hike its dividend, signaling OXY's commitment to rewarding shareholders.
• Despite reports of Buffett reducing positions in other companies, the positive news surrounding OXY seemed to outweigh any potential negative impact.

14.01.2024 - OXY Stock was down 0.5%

• OXY's downward movement could be related to ongoing consolidation within the energy sector, as major companies struggle with declining production and lower profits.
• The uncertain oil price outlook, influenced by factors like China's economic slowdown and escalating Middle East tensions, may have contributed to the bearish sentiment surrounding OXY.
• The impending release of OXY's fourth-quarter earnings report, scheduled after market hours, could also be a factor affecting the downward movement.
• Despite the current bearish market sentiment, there are discussions about the potential for investing in energy stocks, including OXY, as the economy shows signs of recovery and increased resource consumption.

24.06.2023 - OXY Stock was up 2.5%

• Unusual options activity suggests a bullish stance on OXY, indicating positive sentiment towards the stock.
• Morgan Stanley lowered OXY's target price, but the potential downside is minimal, indicating that the overall sentiment remains positive.
• The article highlighting undervalued oil stocks to buy now may have contributed to the bullish movement in OXY, as investors seek buying opportunities in the industry.
• OXY outperformed the stock market gains, further indicating positive market sentiment towards the stock.

08.07.2024 - OXY Stock was up 5.0%

• Occidental Petroleum Corporation (OXY) stock surged after reporting its fiscal year second-quarter earnings, with adjusted EPS of $1.03 beating analysts' estimates.
• The company's strong performance was primarily driven by better-than-expected earnings, despite revenues lagging slightly behind estimates.
• The positive earnings report and the company's strong production volume from domestic assets likely contributed to the bullish movement in OXY stock today.
• Investors and retail traders showed interest in OXY stock amidst a market where major U.S. indices closed lower, indicating confidence in Occidental Petroleum's financial performance and operational outlook.

19.01.2025 - OXY Stock was up 5.6%

• Occidental Petroleum reported a strong Q4 earnings beat with EPS at 80 cents, surpassing the consensus of 68 cents, which likely contributed to the bullish movement.
• Despite the earnings beat, the company's Q1 production guidance missing expectations could have initially caused some uncertainty in the market.
• Warren Buffett's continued investment in Occidental Petroleum, despite the stock's previous drop and current bearish trend, might have provided reassurance to investors, leading to the bullish movement.
• The mixed Q4 results, with revenues missing estimates, could have initially caused a slight slide in Occidental Petroleum's shares, but the overall positive sentiment from the earnings beat overshadowed this, resulting in the bullish movement.

19.01.2025 - OXY Stock was up 5.1%

• Despite announcing mixed Q4 results, Occidental Petroleum's stock showed a strong bullish trend today.
• The company surpassed earnings per share (EPS) projections but fell short of revenue forecasts, initially causing a minor decline in stock value.
• Warren Buffett's ongoing investment in Occidental Petroleum likely bolstered investor assurance and contributed to the positive market movement.
• Positive adjustments in price predictions by analysts before the earnings report could have also played a part in uplifting market sentiment and driving the stock upwards.