Q1 EPS Estimate for Occidental Petroleum Lowered by Analyst

Occidental Petroleum Corporation (NYSE:OXY) – Equities researchers at Zacks Research cut their Q1 2026 EPS estimates for Occidental Petroleum in a research note issued to investors on Tuesday, January 27th. Zacks Research analyst Team now anticipates that the oil and gas producer will post earnings of $0.31 per share for the quarter, down from their prior forecast of $0.34. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.58 per share. Zacks Research also issued estimates for Occidental Petroleum’s Q2 2026 earnings at $0.24 EPS, Q3 2026 earnings at $0.32 EPS, Q4 2026 earnings at $0.27 EPS, FY2026 earnings at $1.14 EPS, Q2 2027 earnings at $0.27 EPS, Q3 2027 earnings at $0.53 EPS, Q4 2027 earnings at $0.34 EPS and FY2027 earnings at $1.58 EPS.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Monday, November 10th. The oil and gas producer reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.16. The company had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.66 billion. Occidental Petroleum had a net margin of 7.81% and a return on equity of 12.35%. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period last year, the firm earned $1.00 EPS.

Several other equities research analysts have also weighed in on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Occidental Petroleum in a report on Thursday, January 22nd. Barclays began coverage on Occidental Petroleum in a research note on Wednesday, January 21st. They set an “equal weight” rating for the company. Susquehanna reduced their target price on shares of Occidental Petroleum from $55.00 to $51.00 and set a “positive” rating on the stock in a research note on Monday. Wells Fargo & Company dropped their target price on shares of Occidental Petroleum from $42.00 to $40.00 and set an “underweight” rating for the company in a research report on Wednesday, November 12th. Finally, Evercore ISI decreased their price objective on shares of Occidental Petroleum from $40.00 to $38.00 and set an “underperform” rating on the stock in a research note on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $47.43.

Occidental Petroleum Stock Performance

NYSE:OXY opened at $44.88 on Wednesday. The firm has a market capitalization of $44.21 billion, a PE ratio of 33.00 and a beta of 0.38. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.73. Occidental Petroleum has a 12-month low of $34.78 and a 12-month high of $52.58. The firm has a 50-day moving average price of $41.81 and a 200 day moving average price of $43.32.

Occidental Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 10th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, December 10th. Occidental Petroleum’s dividend payout ratio is 70.59%.

Insider Buying and Selling at Occidental Petroleum

In related news, Director William R. Klesse acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was purchased at an average price of $38.98 per share, for a total transaction of $194,900.00. Following the transaction, the director directly owned 218,913 shares of the company’s stock, valued at approximately $8,533,228.74. This trade represents a 2.34% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.49% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Occidental Petroleum

Hedge funds and other institutional investors have recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. bought a new position in Occidental Petroleum in the second quarter valued at about $27,000. City Holding Co. lifted its position in Occidental Petroleum by 250.0% during the 3rd quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 500 shares during the period. Binnacle Investments Inc bought a new position in shares of Occidental Petroleum in the 3rd quarter valued at about $35,000. Hantz Financial Services Inc. grew its position in shares of Occidental Petroleum by 1,193.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 854 shares of the oil and gas producer’s stock worth $36,000 after buying an additional 788 shares during the period. Finally, GoalVest Advisory LLC bought a new stake in shares of Occidental Petroleum during the third quarter worth approximately $38,000. 88.70% of the stock is owned by institutional investors and hedge funds.

More Occidental Petroleum News

Here are the key news stories impacting Occidental Petroleum this week:

• Positive Sentiment: Piper Sandler raised its price target to $47 (from $46) and maintained a neutral rating — a modest upside to the stock’s current level that can provide short‑term support. Piper Sandler raises PT to $47 (Benzinga)
• Positive Sentiment: Coverage pieces highlighting Occidental’s strong five‑year return (cited ~129% gain) reinforce longer‑term investor confidence and may attract buyers focused on historic performance. Investors in Occidental Petroleum have seen strong returns (Yahoo)
• Neutral Sentiment: Heightened investor interest/search activity around OXY has been reported (more eyeballs can amplify volatility but is not a directional catalyst by itself). Investors Heavily Search Occidental Petroleum (Zacks)
• Negative Sentiment: Zacks Research downgraded OXY to a “Strong Sell” and lowered multiple quarterly and full‑year EPS estimates for 2026–2027 (several downward revisions across Q1–Q4 2026 and FY2026–FY2027). This is the primary near‑term negative catalyst and likely the main reason for selling pressure in parts of the session. Zacks downgrades to Strong Sell and trims EPS outlook (Zacks)
• Negative Sentiment: Susquehanna has lowered its expectations for OXY’s stock price, adding another analyst note that could weigh on sentiment and limit buying interest until clearer fundamentals or guidance emerge. Susquehanna lowers expectations for Occidental (AmericanBankingNews)

About Occidental Petroleum

Occidental Petroleum Corporation (OXY) is an international energy company engaged primarily in the exploration, production and marketing of oil and natural gas. The company conducts upstream activities to discover and produce hydrocarbons and operates complementary midstream and marketing functions to transport and sell its production. Occidental also owns a chemicals business that manufactures and sells industrial chemicals and related products for a range of end markets.

Occidental’s operations are concentrated in the United States, with a significant presence in the Permian Basin, and it maintains exploration and production activities in several international regions, including parts of the Middle East, Latin America and Africa.