In the latest trading session, Occidental Petroleum (OXY) closed at $61.13, marking a +1.7% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.06%. Elsewhere, the Dow saw an upswing of 0.38%, while the tech-heavy Nasdaq depreciated by 0.44%.
Shares of the oil and gas exploration and production company witnessed a loss of 2.2% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 1.73%, and the S&P 500's gain of 2.36%.
The upcoming earnings release of Occidental Petroleum will be of great interest to investors. The company's earnings report is expected on November 9, 2026. In that report, analysts expect Occidental Petroleum to post earnings of $1.37 per share. This would mark year-over-year growth of 114.06%. Simultaneously, our latest consensus estimate expects the revenue to be $6.61 billion, showing a 1.58% drop compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.2 per share and a revenue of $26.89 billion, indicating changes of +180.54% and +5.71%, respectively, from the former year.
Any recent changes to analyst estimates for Occidental Petroleum should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.44% increase. Occidental Petroleum presently features a Zacks Rank of #3 (Hold).
In the context of valuation, Occidental Petroleum is at present trading with a Forward P/E ratio of 9.7. This expresses a discount compared to the average Forward P/E of 19.39 of its industry.
We can additionally observe that OXY currently boasts a PEG ratio of 0.94. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Integrated - United States industry had an average PEG ratio of 1.7 as trading concluded yesterday.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 102, putting it in the top 42% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow OXY in the coming trading sessions, be sure to utilize Zacks.com.
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Occidental Petroleum Corporation (OXY): Free Stock Analysis Report
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