Occidental Petroleum (OXY) Projected to Announce Earnings on Monday

Key Points

• Occidental Petroleum is expected to report Q3 2026 results after the market closes Monday, November 9. Analysts project earnings of $1.45 per share on $6.80 billion in revenue, with the conference call scheduled for November 10 at 1:00 p.m. ET.
• The company’s latest quarter exceeded expectations, posting $2.40 in EPS versus the $1.83 consensus and $8.06 billion in revenue versus $7.07 billion expected; revenue increased 53.4% year over year.
• OXY recently declared a quarterly dividend of $0.28, equivalent to a $1.12 annual payout and a 1.7% yield. Analysts maintain a consensus “Hold” rating, with an average price target of $67.88.

Occidental Petroleum (NYSE:OXY - Get Free Report) is expected to be releasing its Q3 2026 results after the market closes on Monday, November 9th. Analysts expect the company to announce earnings of $1.45 per share and revenue of $6.80 billion for the quarter. Parties can check the company's upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Tuesday, November 10, 2026 at 1:00 PM ET.

Occidental Petroleum (NYSE:OXY - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The oil and gas producer reported $2.40 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.57. The company had revenue of $8.06 billion during the quarter, compared to the consensus estimate of $7.07 billion. Occidental Petroleum had a net margin of 28.36% and a return on equity of 15.31%. The firm's revenue for the quarter was up 53.4% compared to the same quarter last year. During the same period last year, the firm earned $0.39 EPS. On average, analysts expect Occidental Petroleum to post $6.81 EPS for the current fiscal year and $5.14 EPS for the next fiscal year.

Occidental Petroleum Stock Performance

NYSE OXY opened at $64.01 on Monday. Occidental Petroleum has a twelve month low of $38.80 and a twelve month high of $67.45. The company has a quick ratio of 1.13, a current ratio of 1.41 and a debt-to-equity ratio of 0.40. The stock has a market cap of $63.99 billion, a P/E ratio of 9.91, a PEG ratio of 0.74 and a beta of 0.16. The company's 50-day simple moving average is $60.18 and its 200 day simple moving average is $55.91.

Occidental Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 10th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Thursday, December 10th. Occidental Petroleum's dividend payout ratio is currently 17.34%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on OXY shares. Stephens upped their price target on Occidental Petroleum from $78.00 to $80.00 and gave the company an "overweight" rating in a research report on Monday, October 19th. Evercore upgraded shares of Occidental Petroleum from an "in-line" rating to an "outperform" rating and set a $65.00 price target on the stock in a research report on Wednesday, July 8th. Wells Fargo & Company raised their price objective on shares of Occidental Petroleum from $79.00 to $82.00 and gave the stock an "overweight" rating in a report on Monday, September 14th. Truist Financial boosted their target price on Occidental Petroleum from $63.00 to $64.00 and gave the stock a "hold" rating in a report on Thursday, October 15th. Finally, BMO Capital Markets restated a "market perform" rating and set a $68.00 price target on shares of Occidental Petroleum in a research report on Wednesday, October 14th. Twelve investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Occidental Petroleum currently has a consensus rating of "Hold" and an average price target of $67.88.

About Occidental Petroleum

Occidental Petroleum Corporation is an energy company engaged in oil and natural gas exploration, development and production. Its operations are focused primarily on the United States, including the Permian and DJ basins, as well as selected international regions in the Middle East and North Africa.

The company's OxyChem subsidiary manufactures and markets chlor-alkali chemicals, vinyls and other chemical products used in water treatment, construction, healthcare, packaging and industrial applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.