Q1 2026 EPS Estimates for Occidental Petroleum Co. (NYSE:OXY) Decreased by Analyst

Occidental Petroleum Co. (NYSE:OXY) – Equities research analysts at Zacks Research reduced their Q1 2026 earnings per share (EPS) estimates for Occidental Petroleum in a report issued on Wednesday, August 28th. Zacks Research analyst J. Saha now forecasts that the oil and gas producer will earn $1.09 per share for the quarter, down from their previous forecast of $1.31. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.69 per share. Zacks Research also issued estimates for Occidental Petroleum’s Q2 2026 earnings at $1.23 EPS.

Occidental Petroleum (NYSE:OXY) last issued its earnings results on Wednesday, August 7th. The oil and gas producer reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.26. Occidental Petroleum had a return on equity of 17.91% and a net margin of 16.62%. The business had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $6.93 billion. During the same quarter in the previous year, the business earned $0.68 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis.

Several other equities research analysts also recently weighed in on OXY. Wells Fargo & Company decreased their target price on Occidental Petroleum from $68.00 to $65.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. UBS Group lifted their price objective on shares of Occidental Petroleum from $69.00 to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Scotiabank decreased their target price on shares of Occidental Petroleum from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. Truist Financial dropped their price target on shares of Occidental Petroleum from $67.00 to $65.00 and set a “hold” rating on the stock in a research note on Monday, August 12th. Finally, Mizuho raised their target price on Occidental Petroleum from $70.00 to $71.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. Ten research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $71.69.

Occidental Petroleum Price Performance

Occidental Petroleum stock opened at $55.40 on Monday. The company has a quick ratio of 0.75, a current ratio of 1.04 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $49.12 billion, a P/E ratio of 15.14 and a beta of 1.61. The firm has a fifty day moving average of $59.52 and a 200-day moving average of $62.05. Occidental Petroleum has a 52-week low of $55.04 and a 52-week high of $71.18.

Occidental Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, September 10th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.59%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 24.04%.

Insider Activity at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc bought 334,461 shares of the business’s stock in a transaction on Monday, June 17th. The shares were purchased at an average price of $59.75 per share, with a total value of $19,984,044.75. Following the purchase, the insider now directly owns 255,281,524 shares of the company’s stock, valued at $15,253,071,059. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Petroleum Corp /De/ Occidental sold 19,500,000 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $35.75, for a total value of $697,125,000.00. Following the completion of the transaction, the insider now owns 165,681,578 shares in the company, valued at approximately $5,923,116,413.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Berkshire Hathaway Inc bought 334,461 shares of Occidental Petroleum stock in a transaction dated Monday, June 17th. The stock was acquired at an average price of $59.75 per share, with a total value of $19,984,044.75. Following the acquisition, the insider now directly owns 255,281,524 shares of the company’s stock, valued at $15,253,071,059. The disclosure for this purchase can be found here. Insiders have bought a total of 4,132,407 shares of company stock worth $247,334,713 in the last ninety days. 0.31% of the stock is owned by insiders.

Hedge Funds Weigh In On Occidental Petroleum

Several institutional investors and hedge funds have recently modified their holdings of OXY. CapWealth Advisors LLC increased its position in Occidental Petroleum by 2.7% in the 1st quarter. CapWealth Advisors LLC now owns 6,105 shares of the oil and gas producer’s stock worth $397,000 after purchasing an additional 162 shares during the last quarter. Meeder Advisory Services Inc. raised its position in Occidental Petroleum by 2.0% during the first quarter. Meeder Advisory Services Inc. now owns 8,503 shares of the oil and gas producer’s stock valued at $553,000 after acquiring an additional 164 shares in the last quarter. Investment Research & Advisory Group Inc. lifted its stake in Occidental Petroleum by 75.2% in the first quarter. Investment Research & Advisory Group Inc. now owns 389 shares of the oil and gas producer’s stock valued at $25,000 after acquiring an additional 167 shares during the last quarter. Earnest Partners LLC grew its position in Occidental Petroleum by 2.6% in the first quarter. Earnest Partners LLC now owns 6,850 shares of the oil and gas producer’s stock worth $445,000 after acquiring an additional 173 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its stake in shares of Occidental Petroleum by 0.8% during the 1st quarter. Proficio Capital Partners LLC now owns 20,911 shares of the oil and gas producer’s stock worth $1,359,000 after purchasing an additional 175 shares during the last quarter. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

About Occidental Petroleum

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.