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Occidental Petroleum Set to Report Earnings. What’s Dragging on the Buffett Favorite. - Barron's

1. OXY stock fell 21% in the past year amidst weak crude prices. 2. Analysts expect EPS to decline from 74 cents to 68 cents. 3. Buffett increased his stake, holding 265 million shares valued at $13 billion. 4. OXY's debt from the Anadarko purchase impacts its financial outlook. 5. Crude price trends are crucial for OXY's revenue and profit potential.

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FAQ

Why Bearish?

Weak earnings projections and a significant drop in crude prices indicate an ongoing decline. Historical examples of similar trends show stocks underperforming with reduced profitability expectations.

How important is it?

The article highlights critical financial metrics and market sentiment regarding OXY, indicating potential volatility. Earnings reports are historically significant events that influence stock valuations.

Why Short Term?

The immediate earnings report and current crude prices affect OXY's near-term stock performance. Past earnings surprises often significantly impact short-term stock prices.

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