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Benzinga
Benzinga
Business
Lekha Gupta

JPMorgan Raises Forecast On This Warren Buffett Favorite Oil Stock

Warren Buffett Arun Jayaram Oil Occidental Petroleum OXY Occidental Petroleum Corp Petroleum OxyChem
Occidental Chemical Corporation,Plant.,Occidental

JP Morgan analyst Arun Jayaram raised the price forecast on Occidental Petroleum Corp. (NYSE:OXY) following its third-quarter FY25 earnings beat.

The company reported adjusted EPS of 64 cents, surpassing the street view of 52 cents, and sales of $6.72 billion slightly came above the consensus of $6.68 billion.

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