Zacks Investment Research·1d ago
Occidental Petroleum to Release Q3 Earnings: What's in the Cards?OXY gears up for Q3 earnings, with strong domestic production, drilling efficiencies and lower interest costs likely to have supported profitability.
Occidental Petroleum's balance sheet deleveraging—total debt down 43% from $27.6B in 2024Q3 to $15.7B by 2026Q1—combined with a sharp 2026Q2 operational inflection (revenue up 31.8% quarter-over-quarter to $8.3B, gross margin at 81.0%) suggests a strengthening fundamental outlook.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue and margins are highly volatile, with 2026Q2 showing a 31.8% revenue jump to $8.3B and an 81.0% gross margin, contrasting sharply with the prior quarter's 11.9% margin and $5.2B revenue.
Occidental Petroleum's efficient operations in the Permian Basin provide a competitive cost advantage in oil production.
The company's diversified operations across upstream, midstream, and downstream segments reduce reliance on any single market segment.
Occidental's Stratos project positions it as a leader in carbon capture technology, aligning with future energy transition trends.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 5, 2026 | $2.40+31.1% vs $1.83 | $8.1B+14.0% vs $7.1B |
Q2 2026 May 5, 2026 | $1.06+76.4% vs $0.60 | $5.2B-3.9% vs $5.4B |
Q1 2026 Feb 18, 2026 | $0.31+88.0% vs $0.16 | $5.1B-7.9% vs $5.5B |
Q4 2025 Nov 10, 2025 | $0.64+25.0% vs $0.51 | $6.6B-1.9% vs $6.8B |
OXY gears up for Q3 earnings, with strong domestic production, drilling efficiencies and lower interest costs likely to have supported profitability.
Occidental Petroleum Corp (NYSE:OXY) investors may soon be eyeing potential dividend gains once the company releases its third-quarter earnings report before the opening bell on Monday, Nov. 9.
Besides Wall Street's top-and-bottom-line estimates for Occidental (OXY), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2026.
Occidental Petroleum Corporation (NYSE: OXY - Get Free Report) saw unusually large options trading on Wednesday. Stock traders bought 55,408 call options on the company. This represents an increase of 30% compared to the average volume of 42,619 call options. Occidental Petroleum Stock Performance NYSE: OXY opened at $57.28 on Thursday. Occidental Petroleum has a twelve month
Benchmark OXY against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Occidental Petroleum Corporation (OXY)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $56.38 | $56.08B | 35.02 | -20.32% | 10.97% | 6.67% | 2.83% | |
| $212.61 | $423.43B | 32.07 | -4.64% | 11.95% | 13.89% | 3.23% | |
| $136.27 | $166.02B | 21.46 | 7.51% | 14.87% | 14.32% | 2.34% | |
| $147.13 | $78.37B | 16.15 | -3.47% | 25.71% | 22.38% | 2.72% | |
| $42.21 | $29.56B | 10.05 | 7.83% | 16.67% | 14.9% | 2.33% | |
| $44.63 | $15.78B | 11.19 | -8.39% | 18.99% | 22.97% | 2.25% |
Occidental Petroleum Corporation (OXY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Occidental Petroleum Corporation (OXY) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 5, 2026·SEC
Jul 10, 2026·SEC
May 5, 2026·SEC
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Occidental Petroleum Corporation (OXY) stock FAQ — growth, dividends, profitability & financials explained
Occidental Petroleum Corporation (OXY) reported $25.19B in revenue over the trailing twelve months. Revenue was $21.59B in fiscal year 2025. That is 105% more than the $10.56B of fiscal year 1996.
Occidental Petroleum Corporation (OXY) revenue fell by 20.3% in fiscal year 2025, compared with the prior fiscal year.
Yes. Occidental Petroleum Corporation (OXY) earned $7.25B in net income over the trailing twelve months (a 28.8% net margin).
Yes. Occidental Petroleum Corporation (OXY) pays a dividend that yields 2.83% at the current price, a moderate yield.
Occidental Petroleum Corporation (OXY) had a return on equity (ROE) of 6.7% in fiscal year 2025. That is below the market's typical 10-15%.
Occidental Petroleum Corporation (OXY) generated $5.01B in free cash flow over the trailing twelve months.
