Occidental Petroleum $OXY didn’t blow the doors off this quarter.
Results were mixed, with some revenue softness and a slight beat on EPS, but you wouldn’t know it from the tape.
Shares exploded higher, logging their best earnings-day reaction since 2011.
This kind of move stands out in a market that’s been punishing mixed results like this.
It tells us one thing: positioning mattered more than the print.
Investors were underweight, sentiment was washed out, and any whiff of stability sparked a violent unwind.
Energy’s been forgotten for months. But this might be the first sign that the tide is turning.
When a stock rips like this off mediocre numbers, it's not about what just happened...
It’s about what the market is starting to price in.
So what else did we learn from yesterday's earnings reactions? Let’s dive into the details.
Here are the latest earnings reports from the S&P 500 👇
*Click the image to enlarge it
Corteva $CTVA had the best reaction score after reporting mixed results.
The company reported revenues of $4.42B, versus the $4.54B estimate, and earnings per share of $1.13, versus the $0.87 estimate.
Evergy $EVRG had the worst reaction score after reporting mixed results.
The company reported revenues of $1.37B, versus the $1.02B estimate, and earnings per share of $0.54, versus the $0.66 estimate.
Now let's dive into the data and talk about what happened with these reports 👇
CTVA had its best earnings reaction in 5 quarters:
Corteva rallied 7% after this earnings report, and here's why:
The core profit of the seed segment grew 13% year-over-year, reaching $842M, driven by higher seed prices and increased demand.
Q1 operating EBITDA margin increased from 23.0% to 26.9%.
Management reaffirmed full-year 2025 guidance for sales, earnings, and cash flow.
This company is crushing it! They're increasing profits and profit margins in an environment where few other agribusinesses can say the same thing.
The stock is flirting with new all-time highs as it looks to complete a multi-year accumulation pattern.
If CTVA is above 68, the path of least resistance will shift from sideways to higher for the foreseeable future.
OXY had its best earnings reaction since 2011:
Occidental Petroleum rallied 6.2% after this earnings report, and here's why:
Production increased 19% year-over-year to 1.39M barrels of oil equivalent per day.
Management raised production guidance for 2025 due to the unexpected outperformance of new wells.
Reduced debt by $2.3B, mainly due to asset divestitures after the CrownRock acquisition. In addition, they announced $1.3B in asset sales and continued rapid debt reduction.
Despite lower Crude Oil prices and a broadly weak Energy sector, Occidental Petroleum is bucking the trend and is being rewarded for its earnings reports.
The stock is finding support at the 61.8% retracement of the prior uptrend. This level also coincides with a shelf of former highs.
We expect the price to continue churning sideways as the bulls try to hammer out a bottom.
If OXY is above 35, the path of least resistance will likely remain sideways for the foreseeable future.
Thank you for reading.
- The Beat Report Team
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