Occidental Petroleum (OXY) to Post Quarterly Earnings on Wednesday

Occidental Petroleum (NYSE:OXY) will likely be announcing its Q2 2026 results after the market closes on Wednesday, August 5th. Analysts expect Occidental Petroleum to post earnings of $1.84 per share and revenue of $7.1073 billion for the quarter. Individuals can check the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Thursday, August 6, 2026 at 1:00 PM ET.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Tuesday, May 5th. The oil and gas producer reported $1.06 EPS for the quarter, topping the consensus estimate of $0.60 by $0.46. The business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $5.44 billion. Occidental Petroleum had a net margin of 19.98% and a return on equity of 9.65%. The business’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 earnings per share. On average, analysts expect Occidental Petroleum to post $6 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Occidental Petroleum Stock Performance

Shares of OXY stock opened at $55.69 on Wednesday. The business has a fifty day moving average of $54.58 and a 200 day moving average of $53.77. Occidental Petroleum has a 1 year low of $38.80 and a 1 year high of $67.45. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.21 and a quick ratio of 1.01. The firm has a market capitalization of $55.39 billion, a price-to-earnings ratio of 14.03 and a beta of 0.15.

Occidental Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, June 10th were given a $0.26 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $1.04 dividend on an annualized basis and a yield of 1.9%. Occidental Petroleum’s dividend payout ratio is currently 26.20%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Mizuho raised their price target on shares of Occidental Petroleum from $72.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Capital One Financial upped their price objective on shares of Occidental Petroleum from $67.00 to $70.00 in a report on Wednesday, May 27th. UBS Group cut their price objective on shares of Occidental Petroleum from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. BMO Capital Markets raised their target price on shares of Occidental Petroleum from $60.00 to $65.00 and gave the stock a “market perform” rating in a report on Tuesday, April 7th. Finally, Barclays raised shares of Occidental Petroleum from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $59.00 to $72.00 in a report on Tuesday, May 26th. Ten analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $64.17.

Insiders Place Their Bets

In other news, CEO Richard A. Jackson acquired 4,770 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The shares were bought at an average price of $52.38 per share, for a total transaction of $249,852.60. Following the acquisition, the chief executive officer owned 444,098 shares of the company’s stock, valued at approximately $23,261,853.24. This trade represents a 1.09% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Occidental Petroleum

Hedge funds have recently modified their holdings of the business. Woodline Partners LP lifted its stake in shares of Occidental Petroleum by 40.7% in the first quarter. Woodline Partners LP now owns 57,079 shares of the oil and gas producer’s stock worth $2,817,000 after buying an additional 16,506 shares in the last quarter. Marshall Wace LLP acquired a new position in Occidental Petroleum during the second quarter worth about $4,584,000. Federated Hermes Inc. grew its stake in Occidental Petroleum by 696.7% during the 2nd quarter. Federated Hermes Inc. now owns 23,997 shares of the oil and gas producer’s stock valued at $1,008,000 after acquiring an additional 20,985 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Occidental Petroleum by 7.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 105,767 shares of the oil and gas producer’s stock valued at $4,443,000 after acquiring an additional 7,285 shares during the last quarter. Finally, AXA S.A. lifted its stake in Occidental Petroleum by 24.3% in the 2nd quarter. AXA S.A. now owns 136,625 shares of the oil and gas producer’s stock worth $5,740,000 after purchasing an additional 26,741 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.

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.