Q1 2026 EPS Estimates for Occidental Petroleum Co. (NYSE:OXY) Lifted by Zacks Research

Occidental Petroleum Co. (NYSE:OXY) – Analysts at Zacks Research upped their Q1 2026 EPS estimates for shares of Occidental Petroleum in a research note issued to investors on Monday, June 17th. Zacks Research analyst J. Saha now anticipates that the oil and gas producer will post earnings per share of $1.30 for the quarter, up from their prior forecast of $1.26. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.89 per share. Zacks Research also issued estimates for Occidental Petroleum’s FY2026 earnings at $5.01 EPS.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings results on Tuesday, May 7th. The oil and gas producer reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Occidental Petroleum had a net margin of 15.62% and a return on equity of 17.50%. The company had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $6.70 billion. During the same period last year, the company posted $1.09 EPS. Occidental Petroleum’s revenue was down 17.2% on a year-over-year basis.

Several other brokerages have also recently issued reports on OXY. Citigroup decreased their target price on shares of Occidental Petroleum from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, May 24th. Barclays assumed coverage on shares of Occidental Petroleum in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $73.00 target price for the company. HSBC assumed coverage on shares of Occidental Petroleum in a report on Monday, April 8th. They issued a “hold” rating and a $65.00 target price for the company. Morgan Stanley lifted their target price on shares of Occidental Petroleum from $66.00 to $72.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Finally, Truist Financial cut shares of Occidental Petroleum from a “buy” rating to a “hold” rating and decreased their target price for the stock from $84.00 to $69.00 in a report on Thursday, May 16th. Eleven equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $71.50.

Occidental Petroleum Trading Up 1.8 %

Shares of NYSE OXY opened at $61.26 on Wednesday. Occidental Petroleum has a 1 year low of $55.12 and a 1 year high of $71.18. The stock has a market cap of $54.32 billion, a P/E ratio of 16.74 and a beta of 1.59. The firm has a 50-day moving average of $63.62 and a 200 day moving average of $61.45. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.95 and a quick ratio of 0.71.

Occidental Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 10th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, June 10th. This represents a $0.88 annualized dividend and a yield of 1.44%. Occidental Petroleum’s dividend payout ratio (DPR) is 24.04%.

Insider Activity at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc bought 524,340 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was bought at an average cost of $59.75 per share, for a total transaction of $31,329,315.00. Following the completion of the transaction, the insider now owns 248,542,468 shares of the company’s stock, valued at approximately $14,850,412,463. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders acquired 4,656,747 shares of company stock worth $278,664,028. 0.48% of the stock is owned by company insiders.

Institutional Trading of Occidental Petroleum

Hedge funds and other institutional investors have recently modified their holdings of the company. Investment Research & Advisory Group Inc. boosted its position in shares of Occidental Petroleum by 75.2% during the first quarter. Investment Research & Advisory Group Inc. now owns 389 shares of the oil and gas producer’s stock worth $25,000 after acquiring an additional 167 shares during the last quarter. Orion Capital Management LLC bought a new position in shares of Occidental Petroleum during the third quarter worth $27,000. TLW Wealth Management LLC bought a new position in shares of Occidental Petroleum during the fourth quarter worth $28,000. Grove Bank & Trust boosted its position in shares of Occidental Petroleum by 86.0% during the fourth quarter. Grove Bank & Trust now owns 519 shares of the oil and gas producer’s stock worth $31,000 after acquiring an additional 240 shares during the last quarter. Finally, Criterion Capital Advisors LLC bought a new position in shares of Occidental Petroleum during the fourth quarter worth $34,000. 88.70% of the stock is owned by hedge funds and other institutional investors.

Occidental Petroleum Company Profile

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, and North Africa. 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.