Mizuho has upgraded Occidental Petroleum Corp (OXY) to Outperform from Neutral, signaling a more favorable outlook for the company. This change, effective October 2, 2025, comes as Occidental's current stock price stands at $41.23.
The upgrade underscores a more optimistic view regarding Occidental's fundamentals, possibly due to better-than-expected business performance or enhanced confidence in its strategic direction. As a prominent player in the energy sector, Occidental engages in the exploration and production of oil and natural gas, with significant operations in the Permian and DJ basins, as well as the offshore Gulf of Mexico.
With a market capitalization of $41.7 billion, Occidental's financial metrics include a price-to-earnings (P/E) ratio of 19.88 and an earnings per share (EPS) of $2.10. The company also boasts a notable dividend yield of 231.6%.
Looking ahead, the company is set to report its next earnings on August 4, 2026, with analysts estimating an EPS of $0.41 and revenue of $5.4 billion. Recent performance has shown positive surprises, including a Q3 2025 EPS of $0.64, exceeding estimates by 23%.
Analyst ratings can fluctuate based on new information, and while Mizuho's upgrade reflects a positive sentiment, investors are advised to consider a range of factors, including company fundamentals and industry trends, when evaluating their investment choices.