(OXY) Occidental Petroleum - Ratings and Ratios

Occidental Petroleum Corporation (NYSE:OXY) is a leading global energy company specializing in the exploration, production, and marketing of oil, natural gas, and chemical products. Headquartered in Houston, Texas, the company was established in 1920 and operates through three primary business segments: Oil and Gas, Chemical, and Midstream and Marketing. Its operations span the United States and international markets, with a focus on maximizing resource recovery and delivering energy solutions to meet global demand.

The Oil and Gas segment is the core of OXYs operations, focusing on the exploration, development, and production of oil, condensate, natural gas liquids (NGLs), and natural gas. The company employs advanced technologies to optimize drilling and extraction processes, ensuring efficient resource utilization. Its chemical segment manufactures and markets essential chemicals such as chlorine, caustic soda, and vinyl products, which are critical for various industrial applications. The Midstream and Marketing segment handles the logistics and commercialization of oil, NGLs, natural gas, and other energy products, ensuring seamless delivery to markets worldwide.

OXY is strategically positioned in the energy sector, with a market capitalization of $38.9 billion and a price-to-earnings (P/E) ratio of 17.57, indicating moderate valuation relative to its earnings. Its forward P/E of 15.13 suggests investor expectations of improved future profitability. The companys return on equity (RoE) stands at 8.95%, reflecting its ability to generate profits from shareholder equity.

From a technical perspective, OXYs stock is currently trading at $39.71, below its 20-day, 50-day, and 200-day simple moving averages (SMA) of 43.42, 45.98, and 50.96, respectively. This indicates bearish momentum in the short to long term. The Average True Range (ATR) of 1.94 highlights moderate volatility. Resistance levels at 55.6, 53.7, 51.2, 48.9, and 45.7 pose significant barriers to upward movement.

Looking ahead, OXYs stock is likely to face continued headwinds in the near term, given its position below key moving averages and elevated resistance levels. However, the companys strong fundamental position, including its diversified operations and significant market presence, could provide stabilization. Over the next three months, expect the stock to trade within a range of $38 to $44, with potential upside limited by technical resistance and valuation metrics.