Revised Estimates Signal Concerns

A notable shift in sentiment is emerging around Occidental Petroleum (OXY) as market experts express growing concern over the company’s near-term earnings potential. While the oil and gas producer continues to make significant strides in reducing its debt load, these efforts are being overshadowed by downward revisions to profit forecasts, raising questions about the sustainability of its recent stock performance.

Capital One Financial has substantially lowered its earnings projections for Occidental Read more...