Occidental Petroleum continues losing streak to seventh straight session

Occidental Petroleum (NYSE:OXY) extended losses for the seventh session Thursday after its shares inched down 0.12% to end at $41.08.

The energy giant’s shares lost over 6% in the preceding six sessions and they closed nearly 2% lower at $41.13 on Wednesday. On a year-to-date basis, the company has lost more than 18% of its value compared to a 0.6% fall in the broader S&P500 index.

Looking at Seeking Alpha’s quant ratings, it is recommended to Hold OXY. It has a score of 2.92 out of 5 with an A+ for profitability and D+ for valuation. Wall Street analysts also echo a similar sentiment rating the stock as Hold.

However, Seeking Alpha analysts suggest to Buy Occidental’s stock. Nine analysts have rated the company a Buy or higher while three recommend to Hold and one had a Sell call.

Earlier this month, the company posted mixed Q1 results where it beat earnings estimates but missed revenue projections by $110M.

Following the Q1 print, Seeking Alpha analyst Oakoff Investments said that the results were a testament to the oil producer’s strong cash flow position.

“While the firm’s revenue of ~$6.803B came in slightly below Wall Street’s consensus of $6.91 billion (Q1 marked the second top-line miss in a row), I think the real story lies in the earnings and cash flow generation,” the analyst said.

However, another analyst Michael Boyd argued that although free cash flow from non-oil projects is expected to improve in 2026, substantial shareholder returns are unlikely before 2027.

“Valuation spreads are tight, and I prefer investing in larger, more diversified supermajors over Occidental for both oil and non-oil growth,” Boyd said in his article.