Occidental Petroleum Corp reports results for the quarter ended June 30 - Earnings Summary
Occidental Petroleum Corp reports results for the quarter ended June 30 - Earnings Summary
Occidental Petroleum Corp OXY.N reported quarterly adjusted earnings of $2.40 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 39 cents. The mean expectation of twenty one analysts for the quarter was for earnings of $1.84 per share. Wall Street expected results to range from $1.31 to $2.21 per share.
Revenue rose 29% to $8.33 billion from a year ago; analysts expected $7.06 billion.
Occidental Petroleum Corp's reported EPS for the quarter was $2.75.
The company reported quarterly net income of $2.81 billion.
Occidental Petroleum Corp shares had risen by 13.4% this quarter and gained 34.0% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 15.7% in the last three months.
In the last 30 days, eleven analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 10 "strong buy" or "buy," 15 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is "buy."
Wall Street's median 12-month price target for Occidental Petroleum Corp is $67.00, about 17.8% above its last closing price of $55.09
This summary was machine generated from LSEG data August 5 at 09:38 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | 1.84 | 2.40 | Beat |
Mar. 31 2026 | 0.59 | 1.06 | Beat |
Dec. 31 2025 | 0.18 | 0.31 | Beat |
Sep. 30 2025 | 0.52 | 0.64 | Beat |