Stock Track | Occidental Petroleum Warrants Soar 10.80% in Pre-market on Earnings Beat and Analyst Upgrade

Stock Track

02/19

Occidental Petroleum Corp. Warrants (OXY.WS) soared 10.80% in pre-market trading on Thursday, driven by positive earnings results and an analyst upgrade.

The oil-and-gas producer reported better-than-expected fourth-quarter adjusted earnings, providing a positive surprise to investors. While revenue declined year-over-year, the earnings beat signaled stronger-than-anticipated operational performance.

Adding to the bullish sentiment, Mizuho adjusted its price target on Occidental Petroleum upward to $67 from $64 while maintaining an Outperform rating, signaling confidence in the company's future prospects and contributing to the pre-market surge.

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