• Leo Mariani from Roth Capital sets a price target of $54 for OXY, indicating a potential increase of 7.27%.
• OXY's stock recently experienced a slight decline, contrasting with broader market gains.
• The company is expected to report earnings of $0.65 per share, with a year-over-year decline of 12.16%.

Occidental Petroleum Corporation (NYSE:OXY) is a significant player in the oil and gas industry, focusing on exploration and production. The company operates primarily in the United States, the Middle East, and Latin America, competing with energy giants like ExxonMobil and Chevron. On January 23, 2025, Leo Mariani from Roth Capital set a price target of $54 for OXY, suggesting a potential price increase of 7.27% from its trading price of $50.34.

Despite this optimistic outlook, OXY's stock price recently closed at $50.20, marking a 0.69% decline from the previous day. This drop contrasts with the broader market gains, as highlighted by the S&P 500's rise of 0.61%, the Dow's increase of 0.3%, and the Nasdaq's climb of 1.28%. However, over the past month, OXY shares have risen by 5.05%, outperforming the Oils-Energy sector, which saw a loss of 0.29%, and the S&P 500, which gained 2.08%.

Investors are keeping a close eye on Occidental Petroleum as it nears its earnings report release on February 18, 2025. The company is expected to report earnings of $0.65 per share, reflecting a year-over-year decline of 12.16%. Additionally, the consensus estimate for quarterly revenue is $7.14 billion, a decrease of 5.23% compared to the same period last year. These figures may influence investor sentiment and stock performance.

Currently, OXY's stock price is $50.34, with a slight increase of 0.28%, translating to a change of $0.14. During the trading day, the stock price fluctuated between a low of $50.13 and a high of $51.24. Over the past year, the stock has reached a high of $71.19 and a low of $45.17. The company's market capitalization stands at approximately $47.24 billion, with a trading volume of 8,112,337 shares.