Occidental Petroleum Corporation (OXY), headquartered in Houston, Texas, is a U.S. energy company engaged in oil and natural gas exploration and production. It also operates infrastructure and chemical businesses while investing in technologies to reduce greenhouse gas emissions and advance lower-carbon energy solutions. It has a market capitalization of approximately $64 billion.
OXY is set to report its Q3 earnings on Monday, November 9, 2026, after the market closes. Ahead of the release, analysts expect the company to report diluted EPS of $1.42, up a staggering 121.9% from $0.64 in the year-ago quarter. Moreover, OXY has exceeded Wall Street’s EPS estimates in each of the past four quarters, highlighting its consistent earnings performance.
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For fiscal 2026, analysts expect OXY to report EPS of $6.84, reflecting a 209.5% growth from $2.21 in fiscal 2025.
www.barchart.comOXY stock has surged 50.5% over the past 52 weeks, significantly outperforming the S&P 500 Index ($SPX), which returned 13%. However, it slightly trailed the State Street Energy Select Sector SPDR ETF (XLE), which gained 58.2% over the same period.
www.barchart.comOccidental Petroleum’s long-term revenue growth of 8.4% annually over the past decade and expanding market share highlight its business strength. The company generated $24.47 billion in revenue over the trailing 12 months, while its five-year average free cash flow margin of 23.6% provides financial flexibility for capital allocation.
On Oct. 26, Occidental declared a regular quarterly dividend of $0.28 per share, payable on January 15, 2027, to shareholders of record as of December 10, 2026. The announcement underscores the company’s continued commitment to returning cash to shareholders.
Analysts remain moderately bullish on OXY, with a consensus “Moderate Buy” rating. Of the 27 analysts covering the stock, 10 recommend a “Strong Buy,” one recommends a “Moderate Buy,” and 16 suggest a “Hold.” The average analyst price target of $69.78 implies potential upside of 8.9% from the current share price.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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