Occidental Petroleum (OXY) Expected to Announce Quarterly Earnings on Wednesday

Occidental Petroleum (NYSE:OXY) will likely be releasing its Q2 2026 results after the market closes on Wednesday, August 5th. Analysts expect the company to announce earnings of $1.83 per share and revenue of $7.0744 billion for the quarter. Investors can check the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Thursday, August 6, 2026 at 1:00 PM ET.

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

Occidental Petroleum Price Performance

Occidental Petroleum stock opened at $55.47 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.21 and a quick ratio of 1.01. Occidental Petroleum has a one year low of $38.80 and a one year high of $67.45. The firm has a market capitalization of $55.17 billion, a P/E ratio of 13.97, a PEG ratio of 0.83 and a beta of 0.15. The business has a fifty day moving average price of $54.36 and a 200-day moving average price of $54.14.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on OXY. Raymond James Financial lifted their target price on Occidental Petroleum from $64.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Mizuho increased their price target on shares of Occidental Petroleum from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Truist Financial cut their price objective on shares of Occidental Petroleum from $65.00 to $57.00 and set a “hold” rating for the company in a research report on Friday, May 8th. UBS Group reduced their price objective on shares of Occidental Petroleum from $67.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Finally, Stephens decreased their target price on shares of Occidental Petroleum from $73.00 to $69.00 and set an “overweight” rating on the stock in a report on Tuesday, July 14th. Ten equities research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $64.17.

Insider Buying and Selling at Occidental Petroleum

In related news, CEO Richard A. Jackson acquired 4,770 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were purchased at an average price of $52.38 per share, for a total transaction of $249,852.60. Following the transaction, the chief executive officer owned 444,098 shares in the company, valued at $23,261,853.24. This represents a 1.09% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Occidental Petroleum

Hedge funds have recently added to or reduced their stakes in the company. Caitlin John LLC bought a new position in shares of Occidental Petroleum during the 4th quarter valued at about $29,000. Rossby Financial LCC lifted its position in Occidental Petroleum by 155.0% in the 4th quarter. Rossby Financial LCC now owns 765 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 465 shares during the last quarter. McMillan Office Inc. purchased a new stake in Occidental Petroleum in the fourth quarter worth approximately $35,000. Binnacle Investments Inc purchased a new stake in Occidental Petroleum in the third quarter worth approximately $35,000. Finally, DV Equities LLC bought a new position in Occidental Petroleum during the fourth quarter valued at approximately $40,000. Institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Company Profile

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.