Q1 Earnings Forecast for OXY Issued By Roth Capital

Occidental Petroleum Corporation (NYSE:OXY) – Stock analysts at Roth Capital issued their Q1 2026 EPS estimates for Occidental Petroleum in a report released on Tuesday, October 21st. Roth Capital analyst L. Mariani expects that the oil and gas producer will post earnings per share of $0.05 for the quarter. Roth Capital currently has a “Neutral” rating and a $46.00 target price on the stock. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.58 per share. Roth Capital also issued estimates for Occidental Petroleum’s Q2 2026 earnings at ($0.12) EPS, Q3 2026 earnings at $0.14 EPS, Q4 2026 earnings at $0.39 EPS and FY2026 earnings at $0.45 EPS.

Occidental Petroleum (NYSE:OXY) last posted its earnings results on Wednesday, August 6th. The oil and gas producer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. The firm had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.29 billion. Occidental Petroleum had a net margin of 8.79% and a return on equity of 13.78%. The company’s revenue was down 6.1% on a year-over-year basis. During the same quarter last year, the company earned $1.03 earnings per share.

OXY has been the subject of several other research reports. HSBC raised shares of Occidental Petroleum from a “hold” rating to a “buy” rating and boosted their price objective for the company from $48.00 to $55.00 in a research note on Friday, October 3rd. UBS Group reduced their price objective on shares of Occidental Petroleum from $46.00 to $45.00 and set a “neutral” rating for the company in a research note on Friday, October 3rd. Scotiabank boosted their price objective on shares of Occidental Petroleum from $45.00 to $47.00 and gave the company a “sector perform” rating in a research note on Thursday, October 9th. JPMorgan Chase & Co. boosted their price objective on shares of Occidental Petroleum from $49.00 to $50.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. Finally, Mizuho upgraded shares of Occidental Petroleum from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $58.00 to $60.00 in a research report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Occidental Petroleum presently has an average rating of “Hold” and a consensus target price of $52.26.

Occidental Petroleum Price Performance

Shares of NYSE:OXY opened at $42.60 on Friday. The company has a 50 day moving average of $45.21 and a 200 day moving average of $43.49. The stock has a market cap of $41.94 billion, a P/E ratio of 25.21 and a beta of 0.95. Occidental Petroleum has a 12 month low of $34.78 and a 12 month high of $53.20. The company has a current ratio of 1.05, a quick ratio of 0.83 and a debt-to-equity ratio of 0.84.

Institutional Investors Weigh In On Occidental Petroleum

A number of hedge funds have recently made changes to their positions in OXY. Vanguard Group Inc. lifted its holdings in shares of Occidental Petroleum by 17.8% in the 1st quarter. Vanguard Group Inc. now owns 80,230,989 shares of the oil and gas producer’s stock worth $3,960,202,000 after acquiring an additional 12,107,285 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Occidental Petroleum by 22.0% in the 2nd quarter. Geode Capital Management LLC now owns 18,089,878 shares of the oil and gas producer’s stock worth $756,796,000 after acquiring an additional 3,267,269 shares during the last quarter. Nuveen LLC bought a new stake in shares of Occidental Petroleum in the 1st quarter worth approximately $99,853,000. Swedbank AB bought a new stake in Occidental Petroleum during the 3rd quarter valued at $35,517,000. Finally, Dimensional Fund Advisors LP raised its holdings in Occidental Petroleum by 9.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,128,136 shares of the oil and gas producer’s stock valued at $401,162,000 after buying an additional 710,220 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors.

Occidental Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 10th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Wednesday, September 10th. Occidental Petroleum’s payout ratio is presently 56.80%.

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.