What is Zacks Research’s Estimate for OXY Q1 Earnings?

Occidental Petroleum Corporation (NYSE:OXY) – Research analysts at Zacks Research dropped their Q1 2026 earnings per share (EPS) estimates for Occidental Petroleum in a report issued on Tuesday, January 27th. Zacks Research analyst Team now anticipates that the oil and gas producer will post earnings of $0.31 per share for the quarter, down from their prior forecast of $0.34. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.58 per share. Zacks Research also issued estimates for Occidental Petroleum’s Q2 2026 earnings at $0.24 EPS, Q3 2026 earnings at $0.32 EPS, Q4 2026 earnings at $0.27 EPS, FY2026 earnings at $1.14 EPS, Q2 2027 earnings at $0.27 EPS, Q3 2027 earnings at $0.53 EPS, Q4 2027 earnings at $0.34 EPS and FY2027 earnings at $1.58 EPS.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Monday, November 10th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.16. Occidental Petroleum had a return on equity of 12.35% and a net margin of 7.81%.The business had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the previous year, the firm posted $1.00 EPS. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year.

OXY has been the subject of a number of other reports. JPMorgan Chase & Co. reduced their target price on shares of Occidental Petroleum from $44.00 to $42.00 and set an “underweight” rating for the company in a research note on Tuesday, January 20th. Bank of America reduced their price objective on Occidental Petroleum from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Thursday, December 11th. Hsbc Global Res raised Occidental Petroleum from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 3rd. Jefferies Financial Group decreased their price target on Occidental Petroleum from $44.00 to $42.00 and set a “hold” rating for the company in a research note on Tuesday, January 20th. Finally, Scotiabank cut their price objective on shares of Occidental Petroleum from $47.00 to $46.00 and set a “sector perform” rating on the stock in a research note on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $47.38.

Occidental Petroleum Stock Performance

Shares of OXY opened at $44.59 on Wednesday. The firm has a fifty day moving average of $41.75 and a 200-day moving average of $43.31. The company has a market cap of $43.93 billion, a price-to-earnings ratio of 32.79 and a beta of 0.38. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 0.94. Occidental Petroleum has a 1 year low of $34.78 and a 1 year high of $52.58.

Hedge Funds Weigh In On Occidental Petroleum

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in Occidental Petroleum by 7.2% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 12,790 shares of the oil and gas producer’s stock valued at $517,000 after buying an additional 854 shares in the last quarter. Jeppson Wealth Management LLC raised its position in Occidental Petroleum by 14.2% during the fourth quarter. Jeppson Wealth Management LLC now owns 35,034 shares of the oil and gas producer’s stock valued at $1,441,000 after buying an additional 4,365 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Occidental Petroleum by 0.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 357,109 shares of the oil and gas producer’s stock valued at $14,684,000 after purchasing an additional 3,319 shares during the period. Miller Howard Investments Inc. NY grew its position in Occidental Petroleum by 4.8% during the fourth quarter. Miller Howard Investments Inc. NY now owns 73,671 shares of the oil and gas producer’s stock valued at $3,029,000 after purchasing an additional 3,401 shares in the last quarter. Finally, Krilogy Financial LLC boosted its stake in shares of Occidental Petroleum by 8.8% during the 4th quarter. Krilogy Financial LLC now owns 6,384 shares of the oil and gas producer’s stock valued at $280,000 after buying an additional 518 shares during the period. Institutional investors and hedge funds own 88.70% of the company’s stock.

Insider Transactions at Occidental Petroleum

In related news, Director William R. Klesse purchased 5,000 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were bought at an average price of $38.98 per share, with a total value of $194,900.00. Following the completion of the acquisition, the director owned 218,913 shares of the company’s stock, valued at approximately $8,533,228.74. This represents a 2.34% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.49% of the company’s stock.

Occidental Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 10th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $0.96 annualized dividend and a yield of 2.2%. Occidental Petroleum’s dividend payout ratio is currently 70.59%.

More Occidental Petroleum News

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

• Positive Sentiment: Susquehanna trimmed its price target from $55 to $51 but kept a “positive” rating, signaling the firm still sees upside vs. current levels despite lowering near‑term expectations. Benzinga
• Positive Sentiment: Longer‑term performance context: a recent note highlights OXY has delivered strong five‑year returns (~129%), which may support investor interest at lower prices. Investors in Occidental Petroleum have seen strong returns
• Neutral Sentiment: Retail/investor interest: Zacks.com flags heavy search/attention for OXY, which can amplify intraday moves but is not a directional fundamental change. Zacks — investor interest
• Negative Sentiment: Zacks Research cut multiple near‑term and medium‑term EPS estimates across 2026–2027 (Q1–Q4 2026, Q2–Q4 2027 and FY2026/FY2027), lowering FY2026 to ~$1.14 and FY2027 to ~$1.58 and reiterating a “Strong Sell” rating — a clear downside catalyst for sentiment and valuation. (Zacks research note)
• Negative Sentiment: Coverage notes and commentary: outlets report Susquehanna has lowered expectations for OXY’s stock price (coverage highlighting tempered analyst optimism), adding to the negative near‑term tone. Susquehanna lowered expectations

About Occidental Petroleum

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.