Occidental Petroleum Stock Rockets 7.6% With 7-Day Winning Streak
Occidental Petroleum (OXY) stock hit day 7 of a continuous streak of days with gains, with cumulative gains over this period amounting to a 7.6% return. The company has gained about $3.0 Bil in value over the last 7 days, with its current market capitalization at about $42 Bil. The stock remains 12.1% below its value at the end of 2024. This compares with year-to-date returns of 14.5% for the S&P 500.
Occidental Petroleum’s recent streak was fueled by a robust Q3 earnings beat and production exceeding guidance. Bolstering this, the completed $9.7 billion OxyChem sale to Berkshire Hathaway significantly advanced debt reduction, strengthening the balance sheet and exciting investors.
What is the point? Momentum often precedes conviction. A multi-day win streak can signal growing investor confidence or spark follow-on buying. Tracking such trends can help you ride the strength, or prepare for a well-timed entry if momentum fades. Our take: There are several things to fear in OXY stock given its overall Weak operating performance and financial condition. Hence, despite its Low valuation, this makes the stock look Risky (see Buy or Sell OXY). Nevertheless, instead of stock picking, it makes more sense to build a portfolio that is designed to win across cycles. Our numbers show that High Quality Portfolio has turned stock-picking uncertainty into market-beating consistency.
For quick background, OXY engages in oil and gas acquisition, exploration, and development globally, manufactures basic chemicals, and provides midstream services including processing, transportation, storage, and marketing of energy products.
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Comparing OXY Stock Returns With The S&P 500
The following table summarizes the return for OXY stock vs. the S&P 500 index over different periods, including the current streak:
| Return Period | OXY | S&P 500 |
|---|---|---|
| 1D | 1.8% | -0.1% |
| 7D (Current Streak) | 7.6% | -0.9% |
| 1M (21D) | 4.2% | 1.6% |
| 3M (63D) | -2.8% | 4.4% |
| YTD 2025 | -12.1% | 14.5% |
| 2024 | -15.9% | 23.3% |
| 2023 | -4.1% | 24.2% |
| 2022 | 119.1% | -19.4% |
However, big gains can follow sharp reversals – but how has OXY behaved after prior drops? See OXY Dip Buyer Analysis to learn more.
Gains and Losses Streaks: S&P 500 Constituents
There are currently 31 S&P constituents with 3 days or more of consecutive gains and 77 constituents with 3 days or more of consecutive losses.
| Consecutive Days | # of Gainers | # of Losers |
|---|---|---|
| 3D | 4 | 58 |
| 4D | 8 | 12 |
| 5D | 6 | 7 |
| 6D | 6 | 0 |
| 7D or more | 7 | 0 |
| Total >=3 D | 31 | 77 |
Key Financials for Occidental Petroleum (OXY)
Last 2 Fiscal Years:
| Metric | FY2023 | FY2024 |
|---|---|---|
| Revenues | $28.3 Bil | $26.7 Bil |
| Operating Income | $6.4 Bil | $5.6 Bil |
| Net Income | $4.7 Bil | $3.1 Bil |
Last 2 Fiscal Quarters:
| Metric | 2025 FQ1 | 2025 FQ2 |
|---|---|---|
| Revenues | $6.8 Bil | $6.4 Bil |
| Operating Income | $1.5 Bil | $954.0 Mil |
| Net Income | $936.0 Mil | $458.0 Mil |
While OXY stock looks attractive given its winning streak, investing in a single stock without detailed, thorough analysis can be risky. The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.