Equity Profile

OXY

Occidental Petroleum Corporation

EnergyIntegrated Oil & Gas$57.7B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Occidental Petroleum Corporation (OXY) is an integrated oil and gas company that explores, produces, and markets oil, natural gas, and petrochemicals. As a key player in the energy sector, its performance is closely tied to oil prices and global energy demand, making it significant for investors focused on energy markets.

Key Metrics to Watch

EPS

Earnings per share is a crucial indicator of profitability and reflects the company's ability to generate profit for shareholders.

$1.23

Revenue

Total revenue shows the company's sales performance and is essential for understanding its market position and growth potential.

$6.5B

Wall Street expectations, options signals, track record, and call prep available with Pro.

OXY Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+44.21%

Avg Stock Reaction

+0.10%

Last Quarter Recap

In Q1 2026, Occidental reported an EPS of $1.06, significantly exceeding expectations of $0.62, indicating strong operational performance. However, the stock fell by 1.54% the following day, suggesting cautious investor sentiment despite the earnings beat.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are generally optimistic about Occidental's upcoming earnings, expecting a solid EPS and revenue performance. However, there are concerns about the sustainability of these results given fluctuating oil prices.

Bull Case

If Occidental can exceed the EPS estimate and show strong revenue growth, it could signal robust operational efficiency and market demand, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could raise concerns about future profitability, leading to a decline in stock price.

Key Metrics to Watch

EPS

$1.23

Earnings per share is a crucial indicator of profitability and reflects the company's ability to generate profit for shareholders.

Revenue

$6.5B

Total revenue shows the company's sales performance and is essential for understanding its market position and growth potential.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Occidental's EPS exceed the consensus estimate of $1.23?

A beat on EPS could indicate stronger-than-expected profitability, which may boost investor confidence and stock performance.

What guidance will management provide regarding future revenue growth?

Future revenue guidance will be critical for assessing the company's outlook and could significantly impact stock sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the impact of rising oil prices on Occidental's profitability, which could lead to stronger-than-expected earnings.

Supporting Evidence

Historical data shows that Occidental has a 75% EPS beat rate, indicating a strong likelihood of exceeding expectations.

The options market is pricing a larger move than historical averages, suggesting heightened investor sentiment.

Recent performance trends indicate that Occidental has been able to adapt to market fluctuations effectively.

Key Risk

If oil prices rise significantly before the earnings report, it could lead to a substantial upside surprise.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Occidental can sustain its recent earnings momentum amidst fluctuating oil prices and economic conditions.

Bull Confirmed If

An EPS of $1.30 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $1.00 would confirm the bear case, raising concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±3.57%

Historical Avg

±1.2%

Pricing rich

The options market is pricing in a move of about 3.57%, indicating that traders expect some volatility around the earnings announcement.

Options are pricing ±3.6% while OXY has averaged ±1.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

43.0%

Calls (4.1M)P/C Ratio: 0.53Puts (1.4M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Occidental beats expectations, history suggests the stock could see a modest decline of around 0.08% on the first day, but it would confirm strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty about future growth.

Miss

A miss on earnings could lead to a potential drop of around 0.65%, as investors reassess the company's profitability outlook.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on production levels and operational efficiency.
2Insights into how current oil prices are affecting profitability.
3Management's outlook on future revenue growth and market conditions.
4Details on cost management strategies and capital expenditures.
5Any commentary on potential acquisitions or partnerships.

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Company Snapshot

Key Metrics to Watch

EPS

Earnings per share is a crucial indicator of profitability and reflects the company's ability to generate profit for shareholders.

$1.23

Revenue

Total revenue shows the company's sales performance and is essential for understanding its market position and growth potential.

$6.5B

Wall Street expectations, options signals, track record, and call prep available with Pro.

OXY Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+44.21%

Avg Stock Reaction

+0.10%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Occidental can exceed the EPS estimate and show strong revenue growth, it could signal robust operational efficiency and market demand, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could raise concerns about future profitability, leading to a decline in stock price.

Key Metrics to Watch

EPS

$1.23

Earnings per share is a crucial indicator of profitability and reflects the company's ability to generate profit for shareholders.

Revenue

$6.5B

Total revenue shows the company's sales performance and is essential for understanding its market position and growth potential.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Occidental's EPS exceed the consensus estimate of $1.23?

A beat on EPS could indicate stronger-than-expected profitability, which may boost investor confidence and stock performance.

What guidance will management provide regarding future revenue growth?

Future revenue guidance will be critical for assessing the company's outlook and could significantly impact stock sentiment.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the impact of rising oil prices on Occidental's profitability, which could lead to stronger-than-expected earnings.

Supporting Evidence

Historical data shows that Occidental has a 75% EPS beat rate, indicating a strong likelihood of exceeding expectations.

The options market is pricing a larger move than historical averages, suggesting heightened investor sentiment.

Recent performance trends indicate that Occidental has been able to adapt to market fluctuations effectively.

Key Risk

If oil prices rise significantly before the earnings report, it could lead to a substantial upside surprise.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Occidental can sustain its recent earnings momentum amidst fluctuating oil prices and economic conditions.

Bull Confirmed If

An EPS of $1.30 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $1.00 would confirm the bear case, raising concerns about profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±3.57%

Historical Avg

±1.2%

Pricing rich

The options market is pricing in a move of about 3.57%, indicating that traders expect some volatility around the earnings announcement.

Options are pricing ±3.6% while OXY has averaged ±1.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

43.0%

Calls (4.1M)P/C Ratio: 0.53Puts (1.4M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Occidental beats expectations, history suggests the stock could see a modest decline of around 0.08% on the first day, but it would confirm strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty about future growth.

Miss

A miss on earnings could lead to a potential drop of around 0.65%, as investors reassess the company's profitability outlook.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on production levels and operational efficiency.
2Insights into how current oil prices are affecting profitability.
3Management's outlook on future revenue growth and market conditions.
4Details on cost management strategies and capital expenditures.
5Any commentary on potential acquisitions or partnerships.