Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Occidental Petroleum has reduced debt to $11.8 billion, nearing its $10 billion target, strengthening its balance sheet and future flexibility. OXY projects sustainable $4 billion annual cash flow by 2030, with significant free cash flow growth even at $50–$65 WTI oil prices. The company's 2% dividend yield is set to rise, supported by robust cash flow, cost efficiencies, and minimal near-term debt maturities.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Occidental Petroleum remains a Buy, with valuation not reflecting its substantial operational and financial improvements. OXY advances toward its $10 billion debt milestone, enabling greater capital allocation flexibility and supporting greater shareholder returns. Production guidance and midstream income are raised, while well cost and interest expense reductions underpin a robust long-term free cash flow outlook.
Occidental Petroleum NYSE: OXY reported second-quarter results that exceeded its production guidance and produced its highest quarterly free cash flow since the third quarter of 2022, while outlining a plan to add more than $4 billion in annual sustainable cash flow by 2030.
Occidental targets more than $4B in annual sustainable cash flow gains by 2030, backed by lower costs, capital needs and a stronger balance sheet.
Occidental Petroleum Corporation (OXY) Q2 2026 Earnings Call Transcript
OXY's Q2 earnings rise as higher oil prices, Midstream gains and above-guidance production fuel stronger revenues and cash flow.
Although the revenue and EPS for Occidental (OXY) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Occidental Petroleum (OXY) came out with quarterly earnings of $2.4 per share, beating the Zacks Consensus Estimate of $1.92 per share. This compares to earnings of $0.39 per share a year ago.