A spike in oil prices has given Occidental Petroleum an edge over Devon Energy as Occidental's decision to leave production unhedged boosts near-term cash flow. That exposure has driven stronger earnings revisions and superior stock performance versus Devon, increasing Occidental's upside to commodity price moves while also raising earnings volatility.
A spike in oil prices has given Occidental Petroleum an edge over Devon Energy as Occidental's decision to leave production unhedged boosts near-term cash flow. That exposure has driven stronger earnings revisions and superior stock performance versus Devon, increasing Occidental's upside to commodity price moves while also raising earnings volatility.
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strongly positive
Sentiment Score
0.60
Ticker Sentiment
