Occidental Petroleum (NYSE:OXY) Releases Quarterly Earnings Results

Occidental Petroleum (NYSE:OXY) released its quarterly earnings data on Monday. The oil and gas producer reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.45, FiscalAI reports. The business had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.82 billion. Occidental Petroleum had a return on equity of 15.31% and a net margin of 28.36%. The business’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 EPS.

Occidental Petroleum Trading Down 1.1%

Shares of OXY opened at $55.79 on Tuesday. Occidental Petroleum has a 1 year low of $38.80 and a 1 year high of $67.45. The stock has a market cap of $55.77 billion, a PE ratio of 8.64, a PEG ratio of 0.66 and a beta of 0.16. The stock has a 50 day simple moving average of $59.98 and a 200-day simple moving average of $56.35. The company has a current ratio of 1.41, a quick ratio of 1.13 and a debt-to-equity ratio of 0.40.

Occidental Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 10th will be given a $0.28 dividend. The ex-dividend date is Thursday, December 10th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.0%. Occidental Petroleum’s dividend payout ratio (DPR) is currently 17.34%.

Analyst Ratings Changes

Several equities research analysts have commented on OXY shares. The Goldman Sachs Group boosted their target price on shares of Occidental Petroleum from $69.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, October 27th. BMO Capital Markets restated a “market perform” rating and issued a $68.00 price objective on shares of Occidental Petroleum in a report on Wednesday, October 14th. Wall Street Zen upgraded shares of Occidental Petroleum from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 10th. Roth Capital raised shares of Occidental Petroleum from a “neutral” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Friday, October 16th. Finally, Barclays decreased their price objective on shares of Occidental Petroleum from $75.00 to $71.00 and set an “overweight” rating for the company in a report on Monday, August 17th. Twelve research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $67.88.

Trending Headlines about Occidental Petroleum

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

• Positive Sentiment: Occidental earned $1.91 per share, well above analyst estimates of roughly $1.43–$1.46 and up from $0.64 a year earlier. Stronger production helped offset lower crude prices. Reuters article: Occidental Petroleum beats quarterly profit estimates
• Positive Sentiment: Third-quarter cash flow reached $4.1 billion, and Occidental reduced debt to about $10 billion. Continued deleveraging may strengthen its financial position and ease investor concerns about debt. Article: Occidental Cuts Debt to $10 Billion as Q3 Cash Flow Hits $4.1 Billion
• Positive Sentiment: Two long-term CO₂ supply agreements will support enhanced oil recovery in the Permian Basin. The project developers will fund and build the capture and delivery infrastructure, limiting Occidental’s upfront infrastructure burden while supporting future operations. Occidental announcement on CO₂ offtake agreements
• Neutral Sentiment: Revenue rose 20.6% year over year to $6.77 billion, but reports differed on whether it beat or slightly missed Wall Street expectations. Article: Occidental reports sales below analyst estimates in Q3 2026

Occidental Petroleum Company Profile

Occidental Petroleum Corporation is an energy and chemicals company headquartered in Houston, Texas. Its oil and gas business explores for and produces crude oil, natural gas liquids and natural gas, with operations in the United States and international markets, including the Middle East and North Africa.

Through its OxyChem business, Occidental manufactures and markets basic chemicals and vinyl products used in applications such as water treatment, construction and consumer goods.

The company also develops carbon management and lower-carbon technology projects, including carbon capture and storage.