OXYOccidental Petroleum Corporation
Occidental Petroleum Corporation (OXY) is a U.S.-based oil and gas exploration and production company with a focus on upstream operations in the Permian Basin and Gulf Coast. The company generates revenue through the extraction, processing, and sale of crude oil, natural gas, and natural gas liquids. Its next catalyst is Nov 9, 2026 — Q3 2026 Earnings Release, which will test the company’s ability to deliver on its 2030 cash flow target and navigate a challenging macro environment.
- Free cash flow (TTM): $6.08B
- Net margin (TTM): 17.9%
- Debt / equity: 0.62x
The Read
6% after Q4 2025 earnings matched estimates but exceeded guidance and delivered a clear path to $4 billion in annual sustainable cash flow by 2030, then rallied 7%.
The schedule
- Tue3Nov
- Fri4Dec
- Sat5Dec
- Tue9Feb
- Tue11May
- Tue3Aug
Past
- Tue15Sep
Actual outcome: Bear · $56.31 at outcome
Stock fell 6.9% from event to outcome date, aligning with the bear trajectory.
- Tue4Aug
Actual outcome: Bull · $59.06 at outcome
Occidental Petroleum (OXY) reported Q2 earnings of $2.80 per share, matching the Zacks Consensus Estimate, and exceeded production guidance, delivering its highest quarterly free cash flow since 2022. The stock rallied 7.2% following the results, driven by strong performance in oil prices, midstream gains, and a clear path to $4 billion in annual sustainable cash flow by 2030, reinforcing investor confidence in its operational and financial improvements.
- Wed18Feb
Actual outcome: Bull · $50.94 at outcome
Occidental Petroleum reported Q4 2025 EPS exactly in line with consensus estimates at -$0.069. Despite the slight quarterly loss, the stock surged past the $44.00 bull target as investors reacted positively to the company's 2026 forward guidance and broader operational outlook. The market looked past the Q4 results, focusing instead on future cash flow generation and strategic positioning, which drove a 12.6% rally in the week following the report.
Scouting Reports
OPEC Fracture and Supply Shocks Drive Upstream E&P Supercycle
May 16, 2026
The global energy market is undergoing a structural realignment that is fundamentally altering capital flows across the broader economy. Following the United Arab Emirates’ departure from OPEC on May
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Geopolitical Whiplash: Oil Prices Retreat on Cease-Fire Talks, but Domestic Energy's Edge Remains
Mar 25, 2026
Global oil markets are experiencing historic whiplash. After crude surged past the $120 per barrel mark—driven by the closure of the Strait of Hormuz—prices abruptly retreated Tuesday evening. The cat
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