Occidental Petroleum (NYSE:OXY) Issues Earnings Results, Beats Estimates By $0.44 EPS

Key Points

• EPS beat: Occidental reported Q1 EPS of $1.06, topping the Street estimate of $0.62 by $0.44, with a net margin of ~9.1% and ROE of 9.89%.
• Revenue missed expectations at $5.11 billion versus a $5.44 billion consensus (down 8.3% year-over-year), and the stock traded down to $59.37 on the report.
• The company declared a quarterly dividend of $0.26 per share (annualized $1.04, ~1.8% yield) and announced a CEO transition, a development that could introduce near-term strategic uncertainty.

Occidental Petroleum (NYSE:OXY - Get Free Report) posted its quarterly earnings results on Tuesday. The oil and gas producer reported $1.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.44, FiscalAI reports. Occidental Petroleum had a return on equity of 9.89% and a net margin of 9.14%.The business had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $5.44 billion. During the same period in the prior year, the business earned $0.14 EPS. The firm's revenue for the quarter was down 8.3% on a year-over-year basis.

Occidental Petroleum Stock Performance

Shares of OXY traded down $0.90 on Tuesday, reaching $59.37. 9,223,648 shares of the company's stock traded hands, compared to its average volume of 13,392,948. 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 PE ratio of 36.87 and a beta of 0.17. The stock's 50 day simple moving average is $57.92 and its two-hundred day simple moving average is $47.99. Occidental Petroleum has a 52-week low of $38.72 and a 52-week high of $67.45.

Occidental Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, June 10th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, June 10th. Occidental Petroleum's dividend payout ratio (DPR) is presently 64.60%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Zacks Research raised Occidental Petroleum from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 31st. Bank of America upped their price target on Occidental Petroleum from $44.00 to $45.00 in a research note on Tuesday, January 27th. Wolfe Research upped their price target on Occidental Petroleum from $67.00 to $70.00 and gave the stock an "outperform" rating in a research note on Monday, April 6th. TD Cowen increased their price objective on Occidental Petroleum from $48.00 to $54.00 and gave the stock a "hold" rating in a research note on Monday, February 23rd. Finally, Citigroup lowered their price objective on Occidental Petroleum from $67.00 to $62.00 and set a "neutral" rating for the company in a research note on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Occidental Petroleum presently has a consensus rating of "Hold" and a consensus price target of $62.91.

Key Headlines Impacting Occidental Petroleum

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

Institutional Trading of Occidental Petroleum

A number of institutional investors and hedge funds have recently modified their holdings of the business. Caitlin John LLC bought a new position in Occidental Petroleum during the fourth quarter valued at $29,000. Rossby Financial LCC grew its holdings in Occidental Petroleum by 155.0% during the fourth 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 period. McMillan Office Inc. bought a new position in Occidental Petroleum during the fourth quarter valued at $35,000. Binnacle Investments Inc bought a new position in Occidental Petroleum during the third quarter valued at $35,000. Finally, DV Equities LLC bought a new position in Occidental Petroleum during the fourth quarter valued at $40,000. 88.70% of the stock is owned by hedge funds and other institutional investors.

About Occidental Petroleum

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.

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