California Resources' Stock Climbs On Thursday: What's Behind The Gain?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 11 2024
0mins
Should l Buy OXY?
Source: Benzinga
- California Resources Corp. Allegations: Hunterbrook Media alleged that a California oil and gas regulator is not enforcing an environmental law in the merger between California Resources and Aera Energy LLC, potentially leading to environmental risks.
- AB 1167 Enforcement Concerns: Assemblymember Wendy Carillo expressed concerns about the non-enforcement of AB 1167, a law designed to ensure oil companies cover costs for retiring old wells, which could impact California Resources' merger and future deals.
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Analyst Views on OXY
Wall Street analysts forecast OXY stock price to rise
16 Analyst Rating
4 Buy
9 Hold
3 Sell
Hold
Current: 45.940
Low
38.00
Averages
47.27
High
64.00
Current: 45.940
Low
38.00
Averages
47.27
High
64.00
About OXY
Occidental Petroleum Corporation is an international energy company with assets primarily in the United States, the Middle East and North Africa. The Company is an oil and gas producer in the United States, including a producer in the Permian and DJ basins, and the offshore Gulf of Mexico. It operates through three segments: oil and gas, chemical and midstream and marketing. The oil and gas segment explores for, develops, and produces oil (which includes condensate), natural gas liquids (NGL) and natural gas. The chemical segment primarily manufactures and markets basic chemicals and vinyls. The midstream and marketing segment purchases, markets, gathers, processes, transports, and stores oil (which includes condensate), NGL, natural gas, carbon dioxide (CO2) and power. The midstream and marketing segment provides flow assurance and maximizes the value of its oil and gas. It also optimizes its transportation and storage capacity and invests in entities that conduct similar activities.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Earnings Announcement: Occidental Petroleum announced its Q4 2025 financial results on February 18, 2026, with detailed reports available on the company’s website and the SEC, demonstrating its commitment to financial transparency.
- Conference Call Details: The company will hold a conference call on February 19, 2026, at 1 p.m. Eastern to discuss the financial results, which is expected to attract significant attention from investors and analysts, thereby enhancing market confidence in the company.
- Global Operations Overview: Occidental is an international energy company primarily operating in the U.S., Middle East, and North Africa, focusing on the production, marketing, and transportation of oil and gas, highlighting its significant role in the global energy market.
- Low-Carbon Technology Strategy: The company is committed to carbon management and advancing lower-carbon technologies and products, reflecting its strategic direction in addressing climate change and sustainability, which may positively impact its future market competitiveness.
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- Dividend Increase: Occidental Petroleum raised its quarterly dividend by over 8% to $0.26 per share, payable on April 15, 2026, which is expected to enhance shareholder confidence and attract more investors.
- Revenue Miss: The company reported Q4 revenue of $5.42 billion, falling short of the $5.62 billion consensus estimate; however, adjusted earnings of $0.31 per share exceeded analysts' expectations of $0.18, indicating resilience in profitability.
- Strong Cash Flow: Occidental achieved operating cash flow of $2.6 billion and $2.7 billion before working capital in Q4, demonstrating success in cost control and operational efficiency, which further strengthens its financial position.
- Stable Oil Reserves: As of December 31, 2025, Occidental's worldwide proved reserves totaled 4.6 billion barrels of oil equivalent, with an organic reserves replacement ratio of 107% for 2025, reflecting effective resource management and future growth potential.
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- Revenue Decline: Despite the strong EPS, the company's revenue fell to $5.42 billion, a 5.2% year-over-year decrease, reflecting the volatility in the oil and gas market and its impact on overall financial performance.
- Future Outlook: With rising gas prices and an increase in dividends, Occidental is expected to benefit from upcoming divestitures, potentially enhancing its cash flow and investment returns.
- Market Sentiment: Although Buffett's stake continues to exert pressure on the stock price, analysts remain optimistic about Occidental's long-term prospects, viewing its performance among large-cap energy stocks as still attractive.
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- Net Loss Overview: Occidental Petroleum reported a net loss of $68 million for Q4, translating to a loss of $0.07 per share, a significant improvement from last year's net loss of $297 million or $0.30 per share, indicating a challenging financial landscape.
- Adjusted Income Decline: The adjusted income attributable to common stockholders was $315 million, or $0.31 per share, down sharply from $792 million and $0.80 per share last year, highlighting the pressures from market conditions and operational costs.
- Total Revenue Drop: The company’s total revenues for the quarter were $5.42 billion, a decrease from $5.72 billion in the previous year, suggesting that Occidental's sales performance is impacted by fluctuations in the oil and gas market, which could affect future investment strategies.
- Market Outlook Uncertainty: With the reported net loss and declining revenues, Occidental faces uncertainty in its market outlook, potentially necessitating strategic measures to improve its financial health and restore investor confidence.
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