Occidental Petroleum

OXY

Market cap $41.2B

Occidental Petroleum (NYSE:OXY) is repositioning its portfolio and accelerating upstream development following the announced $9.7 billion sale of its OxyChem segment to Berkshire Hathaway (NYSE:BRK) (NYSE:BRK).

Occidental (OXY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Recently, Zacks.com users have been paying close attention to Occidental (OXY). This makes it worthwhile to examine what the stock has in store.

Occidental to sell OxyChem to Berkshire for $9.7 billion, using proceeds to cut debt and strengthen its balance sheet.

HOUSTON, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) will announce its third quarter 2025 financial results after close of market on Monday, November 10, 2025, and will hold a conference call to discuss the results on Tuesday, November 11, 2025, at 1 p.m. Eastern/12 p.m. Central.

Occidental Petroleum's $9.7 billion sale of OxyChem was punished by the market for several reasons. The company is paying off $6.5 billion in debt, along with additional cash saved, which it can use for returns. Overall, the company will be able to maintain its dividend, and repurchase shares, while saving to repurchase preferred equity.

Occidental Petroleum stock (NYSE: OXY) has faced a challenging period. The stock has decreased approximately 20% in the last year, while the S&P 500 has risen 18%.

Occidental Petroleum (OXY -0.20%), commonly known as Oxy, fell 7.3% on Oct. 2 in response to news that it is selling its petrochemical division, OxyChem, to Warren Buffett-led Berkshire Hathaway (BRK.A 0.34%) (BRK.B 0.42%) for $9.7 billion. Here's why the deal is better for Berkshire than Oxy, and if the energy stock is worth buying on the dip.

In the most recent trading session, Occidental Petroleum (OXY) closed at $45.4, indicating a +1.23% shift from the previous trading day.

U.S. stocks settled mostly higher on Friday, with the Dow Jones index gaining more than 200 points during the session as investors shrugged off government shutdown concerns and a missing jobs report.