3 hours ago
4
Keith Speights, The Motley Fool
Mon, April 13, 2026 astatine 4:00 AM CDT 3 min read
Predicting is easy. Predicting accurately is different communicative altogether. However, I consciousness bully astir making the pursuing prediction: Occidental Petroleum (NYSE: OXY) banal is simply a bargain earlier May 6.
What's peculiar astir May 6? That's the day Occidental Petroleum is scheduled to clasp a league telephone to sermon its first-quarter fiscal results. The lipid and state shaper volition merchandise its Q1 results pursuing the marketplace adjacent connected the erstwhile day. My hunch is that Occidental volition person precise bully quality for investors successful its adjacent quarterly update.
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Wall Street analysts surveyed by S&P Global (NYSE: SPGI) expect Occidental to study Q1 adjusted net per stock of $0.70. But the institution has a large way grounds of handily beating analysts' estimates. I deliberation it should beryllium capable to apical statement expectations again.
For 1 thing, the warfare with Iran drove lipid and state prices importantly higher passim overmuch of Q1. Occidental's revenue, earnings, and escaped currency travel should bespeak these higher prices erstwhile the institution announces its Q1 results.
Occidental projects important operational ratio gains successful 2026, boosting escaped currency travel by implicit $1.2 billion. We could statesman to spot immoderate of the fruits of the company's streamlining successful Q1.
Importantly, Occidental completed its merchantability of OxyChem to Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) for $9.7 cardinal successful January. This divestiture gives Oxy a boatload of currency to accelerate indebtedness simplification (something that investors volition cheer).
Speaking of Berkshire Hathaway, its chairman, legendary capitalist Warren Buffett, is simply a large instrumentality of Occidental. In caller years, Buffett led Berkshire to physique a 26.7% involvement successful the lipid and state company. When Buffett likes a banal that's poised to bushed net estimates, it's decidedly 1 to person connected your radar screen.
My prediction could admittedly beryllium derailed. Occidental's banal has soared twelvemonth to day arsenic lipid prices rose. Great expectations for the Q1 results could already beryllium afloat baked into the stock price. No 1 knows what volition unfold successful the Iran struggle betwixt present and May 6, either. Occidental could present a stellar Q1 update, but it's overshadowed by developments successful the Middle East.
However, I basal by my prediction astir buying this lipid banal earlier its Q1 update. Even if Occidental doesn't popular connected May 6, it should inactive beryllium a victor for investors implicit the adjacent 10 years.
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