Occidental Petroleum Corporation (OXY) earnings on August 5, 2026
More Occidental Petroleum Corporation earnings
Prior outlook: Optimistic Outcome: Accurate
Occidental Petroleum shares rose after beating earnings and sales estimates, raising its dividend, and getting a price target increase. The stock closed up 4.01% after reaching a high of 6.58%.
OXY price around the earnings
56.04
Change: +4.1%
2026-08-06, 20:00 UTC
Start of the measured window
End of the measured window
53.60
54.83
56.06
57.29
53.81
August 5, 2026
August 6, 2026
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Optimistic Outcome: Accurate
- Thesis published
- Results released
Exceptional earnings beats (+52.9% avg) and strong RS (+9.14% vs SPY), but extreme retail crowding at resistance.
Context analyzed before publication
- Trend
- Score peaked at 58.9 then moderated to 50.4; pullback from high creates mixed trend strength
Analysts
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 2.33
- Analysts covering the stock
- 23
- Average price target
- 64.52
- Lowest price target
- 55
- Highest price target
- 75
- Upside to price target
- 20.1%
- Quarterly earnings growth
- 257.4%
- Revenue growth
- -8.3%
- Forward EPS
- 3.91
- Trailing EPS
- 0.74
- Analyst moves in the last 60 days
- 4
- Strong buy: 2
- Buy: 7
- Hold: 15
- Sell: 0
- Strong sell: 0
- Strong buy
- 2
- Buy
- 7
- Hold
- 15
- Sell
- 0
- Strong sell
- 0
- July 17, 2026 · Citigroup: Maintains rating (Neutral → Neutral)
- July 14, 2026 · Stephens & Co.: Maintains rating (Overweight → Overweight)
- July 8, 2026 · Evercore ISI Group: Upgrades rating (Underperform → Outperform)
- June 29, 2026 · Morgan Stanley: Maintains rating (Equal-Weight → Equal-Weight)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- High
- Normalized volume
- 99%
News
Sources (6)
- Citigroup Maintains Neutral on Occidental Petroleum, Lowers Price Target to $60 (opens in a new tab) — Benzinga
- $100 Invested In Occidental Petroleum 5 Years Ago Would Be Worth This Much Today (opens in a new tab) — Benzinga
- Stephens & Co. Maintains Overweight on Occidental Petroleum, Lowers Price Target to $69 (opens in a new tab) — Benzinga
- Here's How Much $100 Invested In Occidental Petroleum 5 Years Ago Would Be Worth Today (opens in a new tab) — Benzinga
- What's Going on With Occidental Petroleum Stock Monday? (opens in a new tab) — Benzinga
- Occidental Petroleum Q2 2026 Crude Oil Collar Settlements Reduced Operating Cash Flow By $156M; Q2 2026 Average Realized Oil Price Worldwide $96.78/Barrel; Q2 2026 Average Realized Natural Gas Price Worldwide $(0.8)/Mcf; Q2 2026 Average Diluted Shares Outstanding Were 1.0122B (opens in a new tab) — Benzinga
Technicals
Evidence
- Price when the context was analyzed
- 55.08
- Average true range (ATR)
- 3.1%
- Distance to 52-week high
- -18.5%
- 14-day change (14d)
- -2.5%
- 30-day change (33d)
- +12.7%
- 30-day relative strength
- +9.1%
- SPY change (33d)
- +3.5%
- Nearest support
- 54.9
- Distance to nearest support
- 0.3%
- Nearest resistance
- 55.43
- Distance to nearest resistance
- 0.6%
- Volume accumulation ratio (14d / 46d)
- 0.83
- Mid: 54.9 (0.3% away, 0.11 ATR, 24 touches)
- Mid: 54.53 (1% away, 0.32 ATR, 9 touches)
- Mid: 54.28 (1.5% away, 0.47 ATR, 13 touches)
- Mid: 55.43 (0.6% away, 0.2 ATR, 22 touches)
- Mid: 55.7 (1.1% away, 0.37 ATR, 15 touches)
- Mid: 56.26 (2.2% away, 0.7 ATR, 21 touches)
Trends
Evidence
- Average earnings surprise
- +52.9%
- May 5, 2026: actual EPS 1.06 vs estimate 0.59 (surprise +80.3%)
- February 18, 2026: actual EPS 0.31 vs estimate 0.17 (surprise +83.8%)
- November 10, 2025: actual EPS 0.64 vs estimate 0.52 (surprise +22.7%)
- August 6, 2025: actual EPS 0.39 vs estimate 0.31 (surprise +24.8%)
Expected move
- Implied move
- +3.8%
- Source
- Options chain
Reactions over its last 20 earnings
- Median move
- 2.7%
- 75th percentile move
- 5.2%
- 90th percentile move
- 7.5%
- Up / down moves
- 11 / 9
- Average up move
- +3.4%
- Average down move
- -3.7%
Monitoring and close
What Occidental Petroleum Corporation reported
- Status
- Finished
| Actual EPS | 2.4 |
|---|---|
| EPS estimate | 1.85 |
| EPS surprise | +29.7% |
| Revenue | $8,327 million |
| Revenue estimate | $7,059 million |
| Revenue surprise | +18.0% |
Occidental Petroleum reported second-quarter adjusted earnings of $2.40 per share and sales of $8.33 billion, surpassing analysts' expectations.
Sources (2)
- Occidental beat expectations with adjusted EPS of $2.40 and sales of $8.327 billion, above forecasts. — Benzinga
- Occidental Petroleum Q2 Adj. EPS $2.40 Beats $1.85 Estimate, Sales $8.327B Beat $7.059B Estimate (opens in a new tab) — Benzinga
Pre-market second reading after the results
- Verdict
- Beat expectations
Heading into the open, results beat expectations on both earnings and revenue, and the price is indicating +2.2% pre-market, a move in line with the stock's usual reaction (about 3%). The figures confirm the optimistic scenario. Across our market history, in the 1,401 similar cases the close held that direction 72% of the time.
How the stock reacted
- Outcome
- Accurate
- Consolidated
- +4.0%
- Max favorable move (MFE)
- 6.6%
- Max adverse move (MAE)
- 0.1%