OXY Q3 Earnings Preview: Grab rewards by guessing the opening price!
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$Occidental Petroleum (OXY.US)$ is releasing its Q3 earnings on November 13 after the bell. Unlock insights with OXY Earnings Hub>>
Over the last 2 years, OXY has beaten EPS estimates 50% of the time and has beaten revenue estimates 38% of the time. Amid recent oil price fluctuations, how would $Occidental Petroleum (OXY.US)$ perform? What guidance will the management provide? Subscribe to @Moo Live and book the conference call!
Since its Q2 2024 earnings release, shares of $Occidental Petroleum (OXY.US)$ have seen an drop of 9.05%.![]()
How will the market react to the upcoming results? Make your guess now!
(Vote will close on 9:30 ET November 14)
● Exclusive 300 points: For the writer of the top post on analyzing OXY's earnings prospects.
Read more >> Earnings season insights: understanding earnings reports to capture market opportunities
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1. Rewards will be distributed within 5-7 working days after the result's announcement.
2. Rewards can be used to exchange gifts at the Rewards Club (moomoo app>> Me>> Redeem Points).
3. The selection is based on post quality, originality, and user engagement.
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104712493 : Occidental Petroleum's (Oxy) earnings prospects hinge on several key drivers that could boost its performance:
Oil & Gas Price Environment: Higher oil and gas prices directly benefit Occidental’s revenue and profit margins. With any price increases, Oxy's upstream segment (exploration and production) could see strong growth, especially since it's highly leveraged to price swings due to its shale oil and gas focus.
Cost-Reduction Initiatives: Occidental has been working on reducing operational and capital expenses, aiming to enhance profitability and resilience even in volatile price environments. Effective cost management, particularly in shale operations, can significantly lift margins.
Carbon Management Initiatives: Oxy has been investing in carbon capture, utilization, and storage (CCUS) projects. As regulations and market demand for low-carbon energy increase, Oxy’s growing carbon management business could create new revenue streams and enhance its ESG (Environmental, Social, and Governance) appeal, potentially attracting investment from ESG-focused funds.
Debt Reduction: Oxy has been actively working on reducing its debt load, particularly since its high-profile Anadarko acquisition. As debt levels decrease, interest expenses drop, freeing up more cash flow for reinvestment or shareholder returns, thus improving financial flexibility.
Shareholder Returns: Oxy’s focus on shareholder returns through dividends and potential buybacks could attract more investors. If Occidental continues generating strong free cash flow, it could increase returns to shareholders, bolstering investor confidence.
Overall, Occidental’s positive earnings prospects will rely on effectively navigating market prices, maintaining operational efficiency, delivering on its low-carbon initiatives, and strengthening its financial position.
70785290 : Upp
kind Reindeer_4219 : I don't think the price will go down after earnings
散户222 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
72650737 : Sideways
La_bolsa_del_canguro : up
72984164 : blah
72984164 : nay
JackWongJJ : Approximately within this range.
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