Occidental Petroleum (OXY) came out with quarterly earnings of $1.06 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.87 per share a year ago.
Traders piled into bullish options trades on Occidental Petroleum ahead of its earnings report on Tuesday.
Occidental Petroleum said Richard Jackson will succeed Vicki Hollub as chief executive upon her retirement on June 1.
Beyond analysts' top-and-bottom-line estimates for Occidental (OXY), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2026.
The United Arab Emirates' impending exit from OPEC and OPEC+ on May 1 marks a seismic shift in the global energy landscape, dismantling a decades-long framework of production quotas that has governed market supply. As the cartel's third-largest producer, the UAE's pivot toward unconstrained output backed by its ambitious target of 5 million barrels per day by 2027 weakens OPEC's monolithic control over pricing.
Occidental (OXY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Recently, Zacks.com users have been paying close attention to Occidental (OXY). This makes it worthwhile to examine what the stock has in store.
Occidental (OXY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Occidental Petroleum (OXY) remains a compelling investment, with robust operational execution, continued debt reduction, and a valuable Permian Basin asset base. OXY targets $6.1 billion in 2026 FCF at baseline oil prices, with each $1/bbl oil price increase adding ~$265 million in cash flow. Capex discipline, cost reductions, and CrownRock integration drive double-digit FCF yields, even at conservative oil price assumptions.
You have to give credit where credit is due. With Fundstrat's top strategist, Tom Lee, now looking like a genius for his bold call of a market bottom (and bounce to follow) just a few weeks ago, when it seemed like the war in Iran would cause the return of a bear market, I do think the man has earned more fans.
Occidental Petroleum (NYSE: OXY) stock has pulled back sharply from recent highs, but the underlying business is stronger than the dip implies, and the risk picture is real enough to keep new buyers cautious.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.