Occidental Petroleum (NYSE:OXY) Posts Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Occidental Petroleum (NYSE:OXY) issued its quarterly earnings results on Wednesday. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.13, Zacks reports. Occidental Petroleum had a net margin of 7.81% and a return on equity of 12.35%. The firm had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter in the previous year, the company earned $0.80 EPS. The company’s revenue for the quarter was down 5.2% on a year-over-year basis.

Occidental Petroleum Trading Up 9.5%

Shares of NYSE:OXY traded up $4.46 during trading on Thursday, reaching $51.57. 35,194,052 shares of the company traded hands, compared to its average volume of 12,267,412. The business’s fifty day moving average is $43.05 and its 200-day moving average is $43.51. Occidental Petroleum has a 52-week low of $34.78 and a 52-week high of $52.58. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $50.80 billion, a price-to-earnings ratio of 37.92 and a beta of 0.41.

Occidental Petroleum Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 10th will be paid a $0.26 dividend. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.04 dividend on an annualized basis and a yield of 2.0%. Occidental Petroleum’s payout ratio is presently 70.59%.

More Occidental Petroleum News

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

• Positive Sentiment: Company highlights material balance-sheet progress — management disclosed roughly $5.8 billion of debt reduction since mid‑December and launched cash tender offers/consent solicitations to retire selected senior notes, which reduces leverage and reassures bond/stock investors. Article Title
• Positive Sentiment: Board approved a quarterly dividend hike (new quarterly payout $0.26, ~8% increase), which signals management is prioritizing returns as leverage falls — a clear positive for income-seeking investors. Article Title
• Positive Sentiment: Production outperformed guidance (reported above the high end of its range), a key operational beat that supports near‑term cash generation and reduces execution risk. Article Title
• Positive Sentiment: Management set a lower 2026 capital‑spending outlook (implying roughly mid‑single‑digit billions in capex), which increases potential free‑cash‑flow if commodity prices stabilize — this outlook was flagged as a major driver of investor optimism. Article Title
• Neutral Sentiment: Unusual option activity: a sizable block of call options traded (reported ~76,900 calls), indicating short‑term bullish positioning from some traders but also adding volatility risk. (reported by market trackers)
• Negative Sentiment: Revenue and profit pressure noted in some outlets — several reports flagged weaker top‑line and sliding profits versus the prior year amid softer oil prices, which tempers the EPS beat narrative and keeps near‑term margin risk elevated. Article Title
• Negative Sentiment: Some analyst shops remain cautious: Susquehanna and others have trimmed price targets citing near‑term oil oversupply concerns and macro headwinds, which could cap upside until commodity fundamentals improve. Article Title

Insider Activity

In related news, Director William R. Klesse acquired 5,000 shares of the stock in a transaction on Tuesday, December 16th. The stock was acquired at an average cost of $38.98 per share, for a total transaction of $194,900.00. Following the completion of the acquisition, the director directly owned 218,913 shares of the company’s stock, valued at approximately $8,533,228.74. This represents a 2.34% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.31% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of OXY. Caitlin John LLC purchased a new stake in shares of Occidental Petroleum in the fourth quarter valued at approximately $29,000. Binnacle Investments Inc bought a new position in Occidental Petroleum during the 3rd quarter worth about $35,000. Rossby Financial LCC increased its position in Occidental Petroleum by 155.0% during the 4th quarter. Rossby Financial LCC now owns 765 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 465 shares during the period. McMillan Office Inc. bought a new stake in shares of Occidental Petroleum in the 4th quarter valued at about $35,000. Finally, DV Equities LLC bought a new position in shares of Occidental Petroleum during the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on OXY shares. Wells Fargo & Company cut their price objective on shares of Occidental Petroleum from $42.00 to $40.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 12th. HSBC reduced their price target on shares of Occidental Petroleum from $55.00 to $54.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Barclays assumed coverage on shares of Occidental Petroleum in a report on Wednesday, January 21st. They set an “equal weight” rating for the company. Raymond James Financial restated an “outperform” rating and issued a $50.00 target price on shares of Occidental Petroleum in a report on Tuesday, November 25th. Finally, JPMorgan Chase & Co. decreased their price objective on Occidental Petroleum from $44.00 to $42.00 and set an “underweight” rating for the company in a report on Tuesday, January 20th. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $47.48.

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.