Occidental Petroleum (NYSE:OXY) Releases Earnings Results, Beats Expectations By $0.44 EPS

Occidental Petroleum (NYSE:OXY) announced its earnings results on Tuesday. The oil and gas producer reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.44, FiscalAI reports. Occidental Petroleum had a net margin of 9.14% and a return on equity of 9.89%. The firm 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 business posted $0.14 EPS. The company’s quarterly revenue was down 8.3% on a year-over-year basis.

Occidental Petroleum Stock Performance

NYSE:OXY traded down $0.90 during mid-day trading on Tuesday, reaching $59.37. The company’s stock had a trading volume of 9,223,648 shares, compared to its average volume of 13,392,948. Occidental Petroleum has a 12-month low of $38.72 and a 12-month high of $67.45. The firm’s fifty day moving average price is $57.92 and its two-hundred day moving average price is $47.99. The company has a current ratio of 0.94, a quick ratio of 0.74 and a debt-to-equity ratio of 0.73. The stock has a market cap of $58.87 billion, a P/E ratio of 36.87 and a beta of 0.17.

Occidental Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 10th will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.04 dividend on an annualized basis and a yield of 1.8%. Occidental Petroleum’s payout ratio is 64.60%.

Analysts Set New Price Targets

OXY has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of Occidental Petroleum from $69.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Wall Street Zen upgraded shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. HSBC boosted their target price on shares of Occidental Petroleum from $59.00 to $68.00 and gave the company a “buy” rating in a report on Friday, March 20th. TD Cowen boosted their target price on shares of Occidental Petroleum from $48.00 to $54.00 and gave the company a “hold” rating in a report on Monday, February 23rd. Finally, Stephens upped their price target on shares of Occidental Petroleum from $59.00 to $74.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $62.91.

Hedge Funds Weigh In On Occidental Petroleum

Hedge funds have recently bought and sold shares of the business. Caitlin John LLC purchased a new position in Occidental Petroleum in the 4th quarter worth about $29,000. Binnacle Investments Inc purchased a new stake in shares of Occidental Petroleum during the 3rd quarter valued at about $35,000. Rossby Financial LCC increased its position in shares of Occidental Petroleum by 155.0% during the 4th quarter. Rossby Financial LCC now owns 765 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 465 shares during the last quarter. McMillan Office Inc. purchased a new stake in shares of Occidental Petroleum during the 4th quarter valued at about $35,000. Finally, DV Equities LLC purchased a new stake in shares of Occidental Petroleum during the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Occidental Petroleum News Summary

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

• Positive Sentiment: Q1 earnings EPS beat — Occidental reported $1.06 EPS vs. Street $0.62, beating estimates and showing stronger-than-expected profit metrics (net margin ~9.1%). That EPS outperformance is supporting bullish investor sentiment. Shale producer Occidental Petroleum beats quarterly profit estimates
• Positive Sentiment: Analyst upgrade/price-target raise — Raymond James bumped its OXY target from $64 to $75 and kept an “outperform” rating, implying meaningful upside vs. current levels and likely supporting buying interest. Raymond James adjusts Occidental Petroleum PT to $75 from $64
• Positive Sentiment: Options activity showed bullish positioning ahead of earnings — traders piled into bullish options on OXY, a sign of increased speculative/hedged demand that can amplify moves on favorable news. Bulls are piling into this Warren Buffett favorite ahead of earnings
• Neutral Sentiment: Company filing/slide deck available — Occidental posted the formal Q1 release and investor slide deck with full financial schedules, useful for digging into segment results, cash flow and guidance (neutral but provides detail for analysts). Occidental Announces First Quarter 2026 Results
• Neutral Sentiment: Analyst commentary / peer comparison — Recent coverage (e.g., Fool.com) comparing Chevron and Occidental frames longer-term positioning and capital-allocation trade-offs; useful context but not an immediate catalyst. Better Oil Stock: Chevron vs. Occidental Petroleum
• Negative Sentiment: Revenue missed estimates — Revenue came in at ~$5.11B vs. consensus ~$5.44B, signalling demand or volume/gross-margin pressure despite the EPS beat; that top-line miss is a clear negative for some investors. Q1 slide deck
• Negative Sentiment: CEO transition announced — Occidental disclosed a leadership change (Vicki Hollub stepping down/transition), which can raise near-term uncertainty about strategy and execution until succession details are fully digested. Occidental Petroleum Announces CEO Transition and Leadership Changes

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.