Occidental Petroleum (NYSE:OXY) Issues Earnings Results, Beats Estimates By $0.45 EPS

Occidental Petroleum (NYSE:OXY) posted its quarterly earnings data on Monday. The oil and gas producer reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.45, FiscalAI reports. Occidental Petroleum had a net margin of 32.17% and a return on equity of 19.19%. The firm had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same quarter last year, the business posted $0.64 EPS. The company’s revenue was up 20.6% on a year-over-year basis.

Occidental Petroleum Stock Up 0.1%

Shares of NYSE:OXY traded up $0.07 during midday trading on Wednesday, hitting $56.97. 9,798,705 shares of the stock were exchanged, compared to its average volume of 11,893,511. The company has a market capitalization of $56.94 billion, a PE ratio of 7.68, a P/E/G ratio of 0.64 and a beta of 0.16. Occidental Petroleum has a 52-week low of $38.80 and a 52-week high of $67.45. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.13 and a current ratio of 1.41. The business’s fifty day simple moving average is $59.91 and its two-hundred day simple moving average is $56.42.

Occidental Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 10th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, December 10th. Occidental Petroleum’s dividend payout ratio (DPR) is currently 17.34%.

Top Occidental Petroleum Stories

Here are a few of the latest stories about OXY:

• Positive Sentiment: Occidental reported third-quarter adjusted EPS of $1.91, well above analyst expectations, as production outperformance helped offset weaker crude prices. Revenue rose 20.6% year over year, although it was slightly below some estimates. Reuters article
• Positive Sentiment: Debt reduction and cash generation were notable strengths: Occidental repaid $1.8 billion of debt during the quarter, bringing debt to about $10 billion. It also reported $2.8 billion in free cash flow and outlined $700 million–$800 million in sustainable cash-flow improvements for 2027. These developments may support balance-sheet flexibility. Q3 earnings call highlights
• Positive Sentiment: Long-term CO₂ supply agreements for Permian enhanced oil recovery could support production, with project developers funding the capture and delivery infrastructure. CO₂ agreements announcement

Analysts Set New Price Targets

Several brokerages have recently commented on OXY. UBS Group raised their target price on Occidental Petroleum from $67.00 to $73.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 14th. Weiss Ratings raised Occidental Petroleum from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, October 13th. Barclays decreased their price objective on Occidental Petroleum from $75.00 to $71.00 and set an “overweight” rating for the company in a research report on Monday, August 17th. Roth Capital raised Occidental Petroleum from a “neutral” rating to a “buy” rating and set a $70.00 target price on the stock in a research note on Friday, October 16th. Finally, Stephens upped their target price on Occidental Petroleum from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, October 19th. Twelve analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $67.62.

About Occidental Petroleum

Occidental Petroleum Corporation is an energy and chemicals company headquartered in Houston, Texas. Its oil and gas business explores for and produces crude oil, natural gas liquids and natural gas, with operations in the United States and international markets, including the Middle East and North Africa. Through its OxyChem business, Occidental manufactures and markets basic chemicals and vinyl products used in applications such as water treatment, construction and consumer goods. The company also develops carbon management and lower-carbon technology projects, including carbon capture and storage.