OXY Stock - Occidental Petroleum Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $27.10B | $28.33B | $36.25B | $25.96B | $17.14B |
| Gross Profit | $9.65B | $9.74B | $17.05B | $7.60B | $441.00M |
| Gross Margin | 35.6% | 34.4% | 47.0% | 29.3% | 2.6% |
| Operating Income | $5.97B | $6.49B | $13.28B | $4.67B | $-1,929,000,000 |
| Net Income | $3.04B | $4.67B | $13.22B | $2.31B | $-14,831,000,000 |
| Net Margin | 11.2% | 16.5% | 36.5% | 8.9% | -86.5% |
| EPS | $2.59 | $4.22 | $13.41 | $1.62 | $-17.06 |
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, Africa, and Latin America. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. Its Chemical segment manufactures and markets basic chemicals, including chlorine, caustic soda, chlorinated organics, potassium chemicals, ethylene dichloride, chlorinated isocyanurates, sodium silicates, and calcium chloride; vinyls comprising vinyl chloride monomer, polyvinyl chloride, and ethylene. The Midstream and Marketing segment gathers, processes, transports, stores, purchases, and markets oil, condensate, NGLs, natural gas, carbon dioxide, and power. This segment also trades around its assets consisting of transportation and storage capacity; and invests in entities. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 8th 2025 | JP Morgan | Downgrade | Underweight | $44 |
| October 17th 2025 | Wells Fargo | Initiation | Underweight | $42 |
| October 3rd 2025 | HSBC Securities | Upgrade | Buy | $55 |
| October 3rd 2025 | Mizuho | Upgrade | Outperform | $60 |
| August 20th 2025 | Melius | Initiation | Hold | $64 |
| August 18th 2025 | Morgan Stanley | Downgrade | Equal Weight | $52 |
| April 11th 2025 | Scotiabank | Downgrade | Sector Perform | $40 |
| April 8th 2025 | TD Cowen | Downgrade | Hold | $45 |
| March 10th 2025 | Raymond James | Downgrade | Outperform | $64← $81 |
| January 31st 2025 | Goldman | Downgrade | Sell | $45← $54 |
| November 8th 2024 | JP Morgan | Resumed | Neutral | $56 |
| October 17th 2024 | BofA Securities | Resumed | Neutral | $57 |
| October 2nd 2024 | Goldman | Resumed | Neutral | $55 |
| July 18th 2024 | Wolfe Research | Resumed | Outperform | $81 |
| May 16th 2024 | Truist | Downgrade | Hold | $69← $84 |
Earnings History & Surprises
OXYEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 5, 2026 | — | — | — | — |
Q1 2026 | Feb 17, 2026 | $0.34 | — | — | — |
Q4 2025 | Nov 10, 2025 | $0.51 | $0.64 | +25.0% | ✓ BEAT |
Q3 2025 | Aug 6, 2025 | $0.30 | $0.39 | +31.2% | ✓ BEAT |
Q2 2025 | May 7, 2025 | $0.78 | $0.87 | +11.1% | ✓ BEAT |
Q1 2025 | Feb 18, 2025 | $0.68 | $0.80 | +18.2% | ✓ BEAT |
Q4 2024 | Nov 12, 2024 | $0.74 | $1.00 | +35.1% | ✓ BEAT |
Q3 2024 | Aug 7, 2024 | $0.77 | $1.03 | +33.8% | ✓ BEAT |
Q2 2024 | May 7, 2024 | $0.60 | $0.63 | +5.0% | ✓ BEAT |
Q1 2024 | Feb 14, 2024 | $0.67 | $0.74 | +10.0% | ✓ BEAT |
Q4 2023 | Nov 7, 2023 | $0.84 | $1.18 | +40.5% | ✓ BEAT |
Q3 2023 | Aug 2, 2023 | $0.72 | $0.68 | -5.6% | ✗ MISS |
Q2 2023 | May 9, 2023 | $1.24 | $1.09 | -12.1% | ✗ MISS |
Q1 2023 | Feb 27, 2023 | $1.80 | $1.61 | -10.6% | ✗ MISS |
Q4 2022 | Nov 8, 2022 | $2.46 | $2.44 | -0.8% | ✗ MISS |
Q3 2022 | Aug 2, 2022 | $3.02 | $3.16 | +4.6% | ✓ BEAT |
Q2 2022 | May 10, 2022 | $1.97 | $2.12 | +7.6% | ✓ BEAT |
Q1 2022 | Feb 24, 2022 | $1.10 | $1.48 | +34.5% | ✓ BEAT |
Q4 2021 | Nov 4, 2021 | $0.66 | $0.87 | +31.8% | ✓ BEAT |
Q3 2021 | Aug 3, 2021 | $0.03 | $0.32 | +832.4% | ✓ BEAT |
Latest News
UBS Maintains Neutral on Occidental Petroleum, Lowers Price Target to $43
➖ NeutralB of A Securities Maintains Neutral on Occidental Petroleum, Lowers Price Target to $44
➖ NeutralJP Morgan Downgrades Occidental Petroleum to Underweight, Lowers Price Target to $44
📉 NegativeShares of natural gas stocks are trading higher as prices rise.
📈 PositiveCitigroup Maintains Neutral on Occidental Petroleum, Lowers Price Target to $45
➖ NeutralPiper Sandler Maintains Neutral on Occidental Petroleum, Lowers Price Target to $46
➖ NeutralOccidental extends winning streak, shares rise for seventh consecutive session
📈 PositiveSusquehanna Maintains Positive on Occidental Petroleum, Raises Price Target to $55
📈 PositiveWells Fargo Maintains Underweight on Occidental Petroleum, Lowers Price Target to $40
📉 NegativeOccidental Petroleum Expects 2026 Production Growth To Be Flat To Up 2%
➖ NeutralOccidental Petroleum Expects Capital Expenditure To Range Between $6.3B To $6.7B In 2026
➖ NeutralMizuho Maintains Outperform on Occidental Petroleum, Raises Price Target to $64
📈 PositiveOccidental Petroleum Q3 Adj. EPS $0.64 Beats $0.52 Estimate, Sales $6.717B Beat $6.679B Estimate
📈 PositivePiper Sandler Maintains Neutral on Occidental Petroleum, Lowers Price Target to $47
➖ NeutralSusquehanna Maintains Positive on Occidental Petroleum, Lowers Price Target to $54
➖ NeutralWells Fargo Initiates Coverage On Occidental Petroleum with Underweight Rating, Announces Price Target of $42
📉 Negative'Occidental CEO Hollub Sees Tight Oil Price Range Through 2026'- Bloomberg
➖ NeutralJP Morgan Maintains Neutral on Occidental Petroleum, Raises Price Target to $50
➖ NeutralOccidental Petroleum Reports Q3 Average Realized Oil Price Worldwide Of $64.78/Barrel; Q3 Average Realized NGL Price Worldwide $19.60/Barrel; Q3 Average Realized Prices Natural Gas Total Worldwide $1.57 Mcf
➖ NeutralScotiabank Maintains Sector Perform on Occidental Petroleum, Raises Price Target to $47
📈 PositiveFrequently Asked Questions about OXY
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