Occidental Petroleum (NYSE:OXY) Issues Quarterly Earnings Results

by · The Markets Daily

Occidental Petroleum (NYSE:OXY – Get Free Report) posted its earnings results on Wednesday. The oil and gas producer reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.57, Zacks reports. Occidental Petroleum had a net margin of 19.98% and a return on equity of 9.65%. During the same quarter in the prior year, the business posted $0.39 EPS. The firm’s revenue was up 53.4% on a year-over-year basis.

Occidental Petroleum Stock Down 2.3%

Shares of OXY traded down $1.29 during midday trading on Wednesday, hitting $53.80. 8,588,395 shares of the company’s stock traded hands, compared to its average volume of 8,995,355. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $53.52 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 0.81 and a beta of 0.15. Occidental Petroleum has a 1 year low of $38.80 and a 1 year high of $67.45. The firm’s fifty day moving average is $54.25 and its 200-day moving average is $54.29.

Insider Transactions at Occidental Petroleum

In other Occidental Petroleum news, CEO Richard A. Jackson purchased 4,770 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was bought at an average cost of $52.38 per share, for a total transaction of $249,852.60. Following the completion of the purchase, the chief executive officer owned 444,098 shares in the company, valued at $23,261,853.24. This represents a 1.09% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Occidental Petroleum

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in Occidental Petroleum by 21.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,602,660 shares of the oil and gas producer’s stock valued at $436,008,000 after purchasing an additional 1,883,721 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Occidental Petroleum by 54.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,959,638 shares of the oil and gas producer’s stock worth $162,820,000 after buying an additional 1,393,638 shares during the period. Wellington Management Group LLP grew its holdings in shares of Occidental Petroleum by 1,029.9% during the third quarter. Wellington Management Group LLP now owns 1,493,747 shares of the oil and gas producer’s stock valued at $70,580,000 after buying an additional 1,361,541 shares during the last quarter. Invesco Ltd. increased its position in shares of Occidental Petroleum by 18.9% in the 4th quarter. Invesco Ltd. now owns 6,730,847 shares of the oil and gas producer’s stock valued at $276,772,000 after acquiring an additional 1,071,948 shares during the period. Finally, AQR Capital Management LLC raised its stake in Occidental Petroleum by 134.3% in the 3rd quarter. AQR Capital Management LLC now owns 1,815,821 shares of the oil and gas producer’s stock worth $85,798,000 after acquiring an additional 1,040,941 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Occidental Petroleum News Roundup

Here are the key news stories impacting Occidental Petroleum this week:

  • Positive Sentiment: Q2 results significantly exceeded expectations. Occidental reported adjusted earnings of $2.40 per share, above consensus estimates ranging from $1.83 to $1.92 and up sharply from $0.39 a year earlier. Revenue increased roughly 52%–53% year over year to approximately $8.07 billion, also topping expectations. Occidental Petroleum Q2 Earnings and Revenues Top Estimates
  • Positive Sentiment: The earnings growth was supported by stronger operating performance, while analysts had highlighted debt reduction and cash flow generation as potential catalysts ahead of the report. Occidental posted a 19.98% net margin and 9.65% return on equity. Occidental Petroleum Reports Upbeat Q2
  • Neutral Sentiment: Management announced the results after the market close and scheduled a conference call for August 6. Investors may look for additional details on production, cash flow, debt repayment and the outlook. Occidental Announces Second Quarter 2026 Results
  • Negative Sentiment: Falling oil prices pressured the stock. Reports linked the decline in crude prices to US-Iran peace-talk developments, raising concerns that lower commodity prices could reduce Occidental’s future revenue and cash flow. Occidental Petroleum in Focus as Oil Slides on US-Iran Peace Talks
  • Negative Sentiment: Despite the earnings beat, analysts cautioned that commodity volatility and a relatively premium valuation could limit further upside. A recent pullback may reflect investor concerns about the company’s longer-term fundamentals rather than a lack of quarterly execution. Occidental Petroleum Set to Report Q2 Earnings

Analyst Upgrades and Downgrades

A number of analysts have weighed in on OXY shares. Mizuho upped their target price on Occidental Petroleum from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Capital One Financial boosted their price target on Occidental Petroleum from $67.00 to $70.00 in a research report on Wednesday, May 27th. Roth Capital upped their price objective on Occidental Petroleum from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Barclays raised Occidental Petroleum from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $59.00 to $72.00 in a research report on Tuesday, May 26th. Finally, Morgan Stanley reduced their target price on shares of Occidental Petroleum from $74.00 to $68.00 and set an “equal weight” rating for the company in a report on Friday, June 26th. Ten analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $64.17.

Check Out Our Latest Analysis on OXY

Occidental Petroleum Company Profile

(Get Free Report)

Occidental Petroleum Corporation (OXY) is an international energy company engaged primarily in the exploration, production and marketing of oil and natural gas. The company conducts upstream activities to discover and produce hydrocarbons and operates complementary midstream and marketing functions to transport and sell its production. Occidental also owns a chemicals business that manufactures and sells industrial chemicals and related products for a range of end markets.

Occidental’s operations are concentrated in the United States, with a significant presence in the Permian Basin, and it maintains exploration and production activities in several international regions, including parts of the Middle East, Latin America and Africa.

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