Street Calls of the Week
Occidental Petroleum Corporation (NYSE:OXY) furnished a summary of management’s considerations for its third quarter 2025 results on Friday. The company disclosed this information in a press release statement included as Exhibit 99.1 to its Form 8-K, filed with the Securities and Exchange Commission.
The filing notes that the summary outlines factors management believes will impact Occidental’s financial results for the third quarter of 2025. The company did not provide specific financial figures or detailed performance data in the filing itself.
Occidental’s common stock and warrants to purchase common stock are listed on the New York Stock Exchange under the symbols OXY and OXY WS, respectively.
The information provided in the filing and the accompanying exhibit is not considered “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 and is not incorporated by reference into other filings, unless specifically stated.
This article is based on a statement from a press release included in Occidental Petroleum’s SEC filing.
In other recent news, Occidental Petroleum has been in the spotlight for several significant developments. The company announced the sale of its chemical business, OxyChem, to Berkshire Hathaway for $9.7 billion. This sale, slightly below the $10 billion initially reported, prompted varied reactions from analysts. BofA Securities raised its price target to $47.00, maintaining a Neutral rating, while Jefferies held steady with a $44.00 target and a Hold rating. Conversely, Evercore ISI lowered its price target to $38.00, citing concerns about the divestiture’s impact on future cash flow. HSBC, however, upgraded Occidental Petroleum to Buy, raising its price target to $55.00, viewing the recent stock pullback as a buying opportunity. Additionally, Occidental’s direct air capture project faces potential risks as the U.S. government considers canceling $12 billion in funding for clean energy projects. These developments present a complex landscape for investors to consider.
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