Occidental Petroleum (NYSE:OXY) Posts Quarterly Earnings Results, Beats Estimates By $0.13 EPS

Occidental Petroleum (NYSE:OXY) posted its quarterly earnings data on Wednesday. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.13, Zacks reports. The company had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $6.02 billion. Occidental Petroleum had a net margin of 9.14% and a return on equity of 9.95%. The firm’s revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.80 earnings per share.

Occidental Petroleum Stock Up 9.5%

OXY opened at $51.57 on Friday. The firm has a 50-day simple moving average of $43.26 and a two-hundred day simple moving average of $43.57. Occidental Petroleum has a 52 week low of $34.78 and a 52 week high of $52.58. The company has a market capitalization of $50.80 billion, a PE ratio of 32.03 and a beta of 0.41. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.73.

Occidental Petroleum Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 10th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, March 10th. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.24. Occidental Petroleum’s dividend payout ratio is presently 70.59%.

Occidental Petroleum News Summary

Here are the key news stories impacting Occidental Petroleum this week:

• Positive Sentiment: Board approved an 8.3% quarterly dividend increase to $0.26, a clear shareholder-return signal that supported buying interest. Dividend Hike
• Positive Sentiment: Q4 earnings beat consensus on EPS and the company reported production above guidance — operational outperformance that investors reward, especially given the potential for stronger cash generation if commodity prices cooperate. Earnings & Production
• Positive Sentiment: Balance-sheet progress: management highlighted roughly $5.8 billion of debt reduction since mid-December after closing the OxyChem sale to Berkshire — a materially de‑risking event for credit metrics and leverage. Debt Reduction
• Positive Sentiment: Occidental launched cash tender offers and consent solicitations for certain senior notes — an active move to repurchase debt that can lower interest costs and improve maturities, which investors typically view favorably. Tender Offers
• Neutral Sentiment: Management flagged a lower 2026 capex plan (implying higher potential free cash flow) — positive structurally but contingent on oil prices; the market is weighing the guidance vs. commodity risk. Capex Outlook
• Neutral Sentiment: Unusually high call-option volume indicates increased bullish speculative interest but is not a fundamental change; it can amplify intraday moves. (Reported by options-volume monitoring services.)
• Negative Sentiment: Revenue missed some analyst expectations and total revenue was down year‑over‑year, a reminder that earnings beats were driven by cost/adjustments and production timing rather than topline growth. That tempers the optimism if oil prices soften. Earnings Release

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group cut their price objective on shares of Occidental Petroleum from $43.00 to $41.00 and set a “sell” rating for the company in a research report on Thursday, January 22nd. Susquehanna lifted their target price on Occidental Petroleum from $51.00 to $60.00 and gave the company a “positive” rating in a research report on Friday. Zacks Research cut Occidental Petroleum from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Occidental Petroleum in a research note on Thursday, January 22nd. Finally, Wells Fargo & Company lowered their price objective on Occidental Petroleum from $42.00 to $40.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 12th. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $47.90.

Insider Activity

In other news, Director William R. Klesse bought 5,000 shares of the stock in a transaction dated Tuesday, December 16th. The stock was purchased at an average cost of $38.98 per share, for a total transaction of $194,900.00. Following the transaction, the director owned 218,913 shares of the company’s stock, valued at $8,533,228.74. The trade was a 2.34% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.31% of the stock is owned by company insiders.

Hedge Funds Weigh In On Occidental Petroleum

Several institutional investors have recently bought and sold shares of the business. Caitlin John LLC bought a new stake in shares of Occidental Petroleum in the 4th quarter worth about $29,000. Rossby Financial LCC grew its position in Occidental Petroleum by 155.0% in the fourth quarter. Rossby Financial LCC now owns 765 shares of the oil and gas producer’s stock worth $31,000 after acquiring an additional 465 shares in the last quarter. McMillan Office Inc. bought a new stake in Occidental Petroleum during the fourth quarter worth approximately $35,000. Binnacle Investments Inc purchased a new stake in Occidental Petroleum during the third quarter valued at approximately $35,000. Finally, DV Equities LLC bought a new stake in shares of Occidental Petroleum in the 4th 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.