DailyIQ
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Sector:EnergyAll sectors
Last updated 37 minutes ago

OXY·Occidental Petroleum Corporation

$.
-. (-.%)
High
$55.70
Open
$54.21
Market Cap
54.57B
52W High
$67.45
Low
$53.84
P. Close
$54.86
P/E
11.52
52W Low
$38.80
Fwd P/E
29.79
DailyIQ Est.
$64.87
Technical Score (1D)
73
BUY
News Sentiment
50
MIXED
OXY announced an 8 % reduction in its 2026 capital spending to $5.5‑$5.9 billion, even as crude prices have risen 30 %, underscoring a cautious stance on new drilling. The capex cut signals management’s priority on risk management over rapid output expansion, which could temper near‑term production growth. This conservative approach may keep OXY’s debt profile tighter, potentially improving its credit metrics in the short term. Earlier this year, OXY highlighted its Permian Basin expansion, noting lower well costs and technology upgrades that should sustain production growth over several years. The juxtaposition of a capex reduction with a focus on Permian efficiency indicates a shift toward more cost‑effective growth rather than volume‑driven expansion. OXY’s Q1 earnings beat consensus by roughly twice, driving a 32 % YTD gain, which underlines the company’s ability to generate strong cash flow even with restrained capex. Traders should watch the August 5 earnings release for guidance on future production levels and any adjustments to the 2026 capex plan. Analysts have trimmed price targets to $69 or $60 and shifted ratings to neutral or hold, reflecting uncertainty about debt and market volatility. Additionally, options volume spiked 5.4 times the average with a put/call ratio of 0.07, indicating bullish sentiment that could influence short‑term price action. Monitoring the interplay between OXY’s capex discipline, Permian output trajectory, and upcoming earnings will be key to assessing its near‑term valuation path.
Earnings Summary
Occidental Petroleum Corporation is a global energy enterprise focused on exploration, development, and production of oil and natural gas, while also manufacturing and marketing chemicals such as chlorine and vinyls and operating midstream gathering, processing, and transportation. Operating in the Oil & Gas E&P sector, OXY’s integrated model allows it to control multiple stages of the value chain, positioning it as a significant player in the global energy landscape. In the most recent two quarters, the company posted EPS of $1.06 in Q1 2026 and $0.39 in Q2 2025, compared with $0.64 in Q3 2025 and $0.31 in Q4 2025, showing a rebound in earnings after a dip in the prior quarter but a decline in revenue from $6.456 billion in Q2 2025 to $5.109 billion in Q1 2026, while revenue rose from $5.423 billion in Q4 2025 to $6.717 billion in Q3 2025. Despite the revenue volatility, OXY beat consensus estimates in every quarter reported, with EPS consistently exceeding forecasts and revenue growth fluctuating but generally positive over the past year. Historically, the company has maintained a streak of EPS beats across all quarters, even as revenue has swung between modest increases and declines, underscoring a resilience in earnings generation amid commodity price swings. Recent analyst commentary highlights a bullish sentiment, with Buffett noting a double‑beat in Q1 earnings and a 32 % YTD share price gain, while a forthcoming August 5 earnings release is expected to provide updated margin and capex guidance and to address potential regulatory or environmental headwinds that could influence capital‑expenditure plans. Investors should watch the August 5 report for confirmation of margin stability, any revisions to drilling or cost‑control guidance, and the impact of oil‑price movements on revenue outlook, as these factors will shape the next quarter’s performance.

EPS

EstBeatMiss
$-0.06$0.48$1.02$1.55$2.09Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$1.84 - -
Q1'26$0.59$1.06+80.3%
Q4'25$0.19$0.31+65.5%
Q3'25$0.50$0.64+26.8%
Q2'25$0.31$0.39+24.8%
Q1'25$0.76$0.87+14.0%

Revenue

EstBeatMiss
$4.8B$5.4B$6.1B$6.7B$7.3BQ1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$7.0B - -
Q1'26$5.7B$5.1B-9.8%
Q4'25$5.7B$5.4B-5.4%
Q3'25 - $6.7B -
Q2'25 - $6.5B -
Q1'25 - $6.8B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

OXY Stock Snapshot

OXY is currently trading at $54.83, giving Occidental Petroleum Corporation a market cap of 54.57B and a P/E ratio of 11.5. Today's range spans $53.84–$55.70, with shares opening at $54.21 and moving down $0.03 (0.1%) from the prior close. DailyIQ's technical score sits at 73/100 (BUY) with a news sentiment reading of 50/100.

Over the past year OXY has traded between $38.80 and $67.45 - the current price is +41.3% off the 52-week low and -18.7% from the high. 30 analysts cover the stock with a Hold consensus and a mean 12-month target of $64.52 (range $55.00–$75.00), implying upside of +17.7%.

The BUY technical setup for OXY (73/100) is worth attention in the context of the broader Energy sector. At $54.83 (in the middle of its 52-week range), with 54.57B in capitalization and neutral sentiment at 50/100 The current P/E ratio stands at 11.5., this large-cap name sits at the intersection where momentum strategies and fundamental growth investors both find something to like. Annual range: $38.80–$67.45.

Earnings revision cycles in large-cap Energy names tend to compound: when technicals confirm a BUY thesis (73/100) and news sentiment (50/100, neutral) supports the narrative, analyst upgrades follow price rather than lead it. At $54.83 (in the middle of its 52-week range), OXY's position within the $38.80–$67.45 annual range suggests there's room for multiple expansion before the stock encounters meaningful technical resistance.