Occidental Petroleum Corporation (OXY), headquartered in Houston, Texas, has established itself as one of the largest names in the energy industry through its oil and gas exploration, production, transportation, and marketing operations. Today, the company carries a market cap of approximately $54.6 billion.
Beyond its core energy business, Occidental also operates OxyChem, its chemical manufacturing division, while expanding its carbon management portfolio through technologies such as direct air capture.
Alibaba Stock Just Got Apple's Biggest AI Endorsement. This Could Be a Game Changer for BABA.
Elon Musk Says If SpaceX Accomplishes Its Goals, 'It Will Be Worth More Than The Rest of Earth' — Though He's Also Said 'Money Will Stop Being Relevant'
AI Bubble Fears, Earnings and Other Can't Miss Items this Week
Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment – delivered right when you need the info most. Subscribe today!
The company's next major catalyst arrives on Wednesday, Aug. 5, when Occidental Petroleum will release its Q2 FY2026 financial results after the market closes. Wall Street expects diluted EPS of $1.95, representing a massive 400% jump from $0.39 reported in the same quarter last year. Occidental has also cleared analysts' earnings estimates in each of the last four quarters, which is noteworthy.
Moreover, analysts expect the company to maintain that strength through the rest of the year. Current estimates call for full-year FY2026 diluted EPS of $5.66, reflecting year-over-year growth of 156.1%. The picture changes beyond that, though, as analysts forecast full-year FY2027 diluted EPS to ease 30.7% from the previous year to $3.92.
The stock has reflected much of that optimism over the past year. OXY stock climbed 26% during the last 52 weeks, comfortably outperforming the S&P 500 Index ($SPX), which gained 18.4% over the same period. The gap has remained wide in 2026 as well. OXY stock advanced 33.4% year-to-date (YTD), whereas the broader index returned 8.9%.
The energy sector, however, has managed to stay one step ahead in the long term. The State Street Energy Select Sector SPDR ETF (XLE) has risen 33.1% over the past 52 weeks. However, the ETF's 29% YTD gain still trails that of Occidental Petroleum.
Fresh buying interest also returned to Occidental at the end of last week. The stock added 2.3% on Friday, July 17, as geopolitical tensions continued to fuel higher crude oil prices. Rising oil prices strengthened investor appetite for oil producers and refiners, lifting energy stocks across the board and giving Occidental another tailwind.
Source: Yahoo Finance Top News — This article was automatically imported from the source. Read full article at original source →
