Track market-moving stories before they get noisy

Occidental Petroleum (OXY -0.89%), the oil and gas giant more commonly known as Oxy, set a 52-week high of $67.45 per share on March 31. That year-to-date gain of nearly 60% was mainly fueled by the Middle East conflict's impact on global oil prices.

But after hitting a four-year high of $112.25 per barrel in May, WTI crude oil has dropped back to about $92 per barrel. Oxy's stock now trades at about $58. However, if oil climbs above $100 again and stays there, it could easily rise at least 20% by the end of 2026.

Image source: Getty Images.

Why is Oxy's stock pegged to oil prices? Oxy is less diversified than vertically integrated energy giants like Chevron (CVX +0.06%), which owns a balanced mix of upstream, midstream, and downstream businesses. It generates most of its revenue from its upstream business, with a smaller share from its midstream business. It divested its downstream business, OxyChem, at the beginning of 2026.

Upstream exploration and extraction companies are generally more sensitive to oil prices than midstream infrastructure operators and downstream refineries and petrochemical producers. When oil prices are high, upstream companies can grow their revenue faster than their expenses. But when they drop below breakeven levels, their expenses grow faster than their revenue.

Today's Change

(

-0.89

%) $

-0.52

Current Price

$

57.09

To maintain its current capex and dividends, Oxy needs oil to remain above its breakeven range of $40- $45 per barrel. Its free cash flow (FCF) also grows rapidly at above $60 per barrel. WTI crude oil hasn't traded below $45 per barrel since the worst days of the pandemic in 2020, so Oxy should remain safely above its breakeven levels for the foreseeable future.

What would $100 per barrel oil mean for Oxy? Last month, the price of WTI crude dropped below $70 per barrel as the U.S. and Iran agreed to a ceasefire and peace talks. But since then, the conflict has resumed, and the Strait of Hormuz -- which handles about a quarter of all maritime oil trade -- remains closed.

As oil prices rise again, Oxy is integrating its assets from CrownRock (which it acquired in 2024) to shorten drilling times, cut structural costs, and boost free cash flow. It's also expanding its STRATOS direct air capture (DAC) plant and commercializing its carbon dioxide removal services for large companies.

Therefore, if oil rises above $100 again, Oxy's stock could easily rise about 20% to a new 52-week high of $70. Even at $70, Oxy would still be a bargain at 18 times next year's earnings -- so it could head even higher if elevated oil prices drive more investors back to its stock.

Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Chevron. The Motley Fool recommends Occidental Petroleum. The Motley Fool has a disclosure policy.

22.7.2026 17:52

Index Dow Jones +0,32 % na 52390,54 b. S&P 500 +0,12 % na 7518,33 b. Nasdaq Composite -0,09 % na 25812,72 b.

Ve středeční seanci se americké indexy ze začátku mírně korigují, protože investoři jsou opatrní před zveřejněním klíčových zpráv o hospodaření společností jako Alphabet a Texas Instruments, které by mohly poskytnout další signály o obchodu s umělou inteligencí. Trhy se také soustřeďují na americko-íránský konflikt, jelikož obě strany pokračovaly ve vzájemných úderech již jedenáctý den po sobě. Začínají tak vznikat opět obavy z narušení dodávek ropy způsobených potenciálně se rozšiřujícím konfliktem na Blízkém východě. Bohužel, diplomatické jednání nepřineslo okamžitý pokrok. Americký prezident Donald Trump v úterý nabídl na nová jednání s představiteli Iránu  pesimistický pohled a uvedl, že Washington „nemá zájem se s Íránem zatím  setkat“. Dolar na páru s eurem  zatím opslabuje o -0,2% tj. 1,1414 USD/EUR.

V hledáčku investorů je stále ropa, která stále roste a dnes WTI přidává 2,4% a dostává se k úrovni 86,4 USD/barel. Jak ropa roste , tak se opět vynořují obavy investorů že energetický šok způsobený válkou by mohl vyvolat globální inflační výbuch a vlnu zvyšování úrokových sazeb centrálních bank. Tyto komentáře přicházejí v době, kdy média naznačují, že se mediátoři nadále snaží oživit diplomatické řešení íránského konfliktu, který nyní hrozí rozšířením do dalších částí Perského zálivu. Dnes byly také zveřejněny zásoby surové ropy a podle EIA zásoby vzrostly o 2,010 mil. barelů, když trh předpokládal pokles o 1,950 mil. barelů. Tato situace vyhovuje akciím v těžebním sektoru černého zlata a tak akcie těžebního obra Exxon Mobil ( XOM ) přidávají 1,5% a hned v závěsu jsou akcie konkurenta Baker Hughes ( BKR ), jež se posunují výš na tržní ceně více než 1%. Podobně si vedou také akcie Marathonu Petroleum ( MPC ) se ziskem více než 1% a také akcie britské skupiny BP ( BP ) se posouvají výš o více než 1,5%. Solidně si vedou také akcie APA ( APA ), které se přehouply přes 1% a také konkurenční akcie Occidentalu Petroleum ( OXY ) na tržní ceně přidávají cca 1,5%. Velmi slušně si vedou také akcie brazilského těžaře  Petrobrasu ( PBR ), jež se pohybují v kladném se ziskem 2,5%. Dnes přidávají na tržní ceně také akcie francouzského výrobce a dodavatele těžní techniky Schlumbergeru ( SLB ) o více než 2% a také akcie amerického konkurenta Halliburtonu ( HAL ) 0,6% a do této skupiny patří také akcie Chevronu  ( CVX ), které přidávají cca 1%.

S oslabením dolaru si dnes dobře vede žlutý kov, který přidává 1,4% a zlato se tak dostává l úrovni 4 138 USD/Troy. unci. Tato situace je tak příznivě nakloněna akciím v těžebním sektoru zlata a tak akcie největšího kanadského těžaře Barrick Mining ( B ) dnes zpevňují o 3,9% a hned v závěsu jsou akcie jeho amerického konkurenta Newmontu ( NEM ) s ještě větším  ziskem cca 4,5%. Za zmínku stojí také akcie známého těžaře Eldorado Gold ( EGO ), jež se posunují výš o 6,7%.

Za pozornost investorů stojí dnes tabáková skupina Philip Morris ( PM ) vykázala zisk za druhé čtvrtletí, který překonal odhady díky robustním tržbám poháněným poptávkou po jejím nekuřáckém produktu. Náladu však utlumilo určité zklamání z jejího ročního výhledu. Tržby  společnosti meziročně vzrostly o 10,4 % na 11,19 mld. USD. Organické tržby byly meziročně vyšší o 7,6 %, zatímco trh očekával růst pouze o 4,91 %. Philip Morris celkově dodal 205,2 mld. jednotek produktů, což představuje meziroční růst o 2,5 %. Zisk na akcii meziročně klesl o 7,7 % na 1,80 USD, a to vlivem nepeněžního odpisu podílu v kanadské RBH ve výši 511 mil. USD (dopad 0,33 USD na akcii). Očištěný zisk na akcii naopak vzrostl o 15,2 % na 2,20 USD (bez měnového vlivu +13,6 %) a překonal očekávání trhu ve výši 2,04 USD. I když výhled byl opatrný, tak investoři pozitivně vnímají reportovaná čísla a akcie Philip Morris ( PM ) posilují na tržní ceně o více než 1,9%.

Své výsledky za 2Q. 2026 dnes představila také telekomunikační společnost AT&T ( T ) Čistý přírůstek postpaid mobilních zákazníků překonal průměrný odhad analytiků. Nad očekávání byl rovněž reportován očištěný zisk na akcii a očištěný zisk EBITDA. Akcie AT &T ( T ) se tak dnes těší z přízně investorů  a posilují o cca 3,2%. 

Index S&P 500 +0,12 % na 7518,33 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Utility +1,6 % Zbytná spotřeba -0,6 % Základní materiály +1,3 % Reality -0,2 % Energie +0,9 % Komunikační služby -0,1 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Super Micro Computer (SMCI) +24 % TE Connectivity (TEL) -7,7 % Westinghouse Air Brake Technologies Corp (WAB) +11 % GE Vernova (GEV) -6,9 % Dell Technologies (DELL) +9,6 % ServiceNow (NOW) -4,9 % EQT Corp (EQT) +6,9 % PTC (PTC) -4,7 % CME Group (CME) +6,0 % DoorDash (DASH) -4,7 %
Luboš Bedrník
Fio banka, a.s.
Prohlášení

Occidental Petroleum (OXY - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Shares of this oil and gas exploration and production company have returned +5.9% over the past month versus the Zacks S&P 500 composite's +0.6% change. The Zacks Oil and Gas - Integrated - United States industry, to which Occidental belongs, has gained 2.9% over this period. Now the key question is: Where could the stock be headed in the near term?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For the current quarter, Occidental is expected to post earnings of $1.95 per share, indicating a change of +400% from the year-ago quarter. The Zacks Consensus Estimate has changed -21.7% over the last 30 days.

The consensus earnings estimate of $5.66 for the current fiscal year indicates a year-over-year change of +156.1%. This estimate has changed -2.2% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $3.92 indicates a change of -30.8% from what Occidental is expected to report a year ago. Over the past month, the estimate has changed -8.6%.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Occidental is rated Zacks Rank #3 (Hold).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

In the case of Occidental, the consensus sales estimate of $7.18 billion for the current quarter points to a year-over-year change of +11.2%. The $24.96 billion and $23.56 billion estimates for the current and next fiscal years indicate changes of -1.9% and -5.6%, respectively.

Last Reported Results and Surprise HistoryOccidental reported revenues of $5.11 billion in the last reported quarter, representing a year-over-year change of -25.3%. EPS of $1.06 for the same period compares with $0.87 a year ago.

Compared to the Zacks Consensus Estimate of $5.5 billion, the reported revenues represent a surprise of -7.03%. The EPS surprise was +63.08%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates times over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Occidental is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Occidental. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

Key Takeaways Occidental expects the Permian Basin to generate more than 56% of its total output in 2026.A $3.1 billion Permian investment supports plans to drill 460 to 510 wells by year-end.Enhanced oil recovery is expected to produce more than 100,000 barrels of oil equivalent per day. Occidental Petroleum Corporation (OXY - Free Report) is a leading operator in the Permian Basin, a key driver of its U.S. oil and gas production. The CrownRock L.P. acquisition has expanded its operations in the region, which is expected to generate more than 56% of the company's total output in 2026.

Occidental plans to invest $3.1 billion in the Permian throughout 2026 to upgrade and expand operations. The company aims to drill 460 to 510 wells by year-end. Occidental controls 1.4 million acres in unconventional areas and 1.4 million acres in conventional zones in the Permian Basin, underscoring its strong regional presence.

Operational efficiency remains a key focus for Occidental. The company projects to drill many wells in the Permian Basin region this year and a 7% expected drop in average well costs in 2026 compared with 2025 will be beneficial. These improvements stem from enhanced well designs, consistent scheduling and technology upgrades that streamline development.

Courtesy of its operational efficiency and usage of new technology, Occidental will be able to generate more oil from the reserve. Through the Enhanced Oil Recovery technique, the company is expected to produce more than 100,000 barrels of oil equivalent per day, boosting its overall production volumes.

With nearly a decade of high-return inventory in the Permian Basin, Occidental is well positioned for sustained growth. Ongoing technological advancements are improving drilling efficiency, increasing production, minimizing environmental impact and unlocking additional resources, driving long-term value creation.

Permian Basin Reserves Support Long-Term Value CreationThe Permian Basin's abundant, low-cost reserves offer oil and gas producers long-term production visibility, robust margins and strong cash flow generation. Its vast resource base and operational efficiencies continue to drive sustainable earnings growth and shareholder value.

Devon Energy's (DVN - Free Report) high-quality Permian Basin assets enable low-cost production, strong cash flow generation and long-term reserve growth. Efficient operations, disciplined capital spending and cash flow support Devon Energy's sustainable earnings growth.

Diamondback Energy's (FANG - Free Report) premium Permian Basin acreage drives low-cost, high-margin production and long-term growth. Backed by operational efficiency, disciplined capital investments and strategic expansion, Diamondback Energy is well-positioned to benefit from the basin's long-term growth potential.

The Zacks Rundown on OXYReturn on equity (“ROE”) is a key indicator of a company’s financial performance. It reflects how effectively a corporation uses shareholders' equity to generate profits and is widely regarded as a measure of profitability and operational efficiency.

Occidental’s ROE is lower than the industry average in the trailing 12 months. ROE of OXY is 9.65% compared with the industry average of 10.94%.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Occidental’s 2026 and 2027 earnings per share indicates an increase of 10.12% and 4.53%, respectively, in the past 60 days.
 

Image Source: Zacks Investment Research

Occidental’s shares have gained 25.6% in the past six months compared with the Zacks Oil and Gas-Integrated-United States industry’s rise of 16.3%.

Image Source: Zacks Investment Research

OXY’s Zacks Rank

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.

One company value investors might notice is Occidental Petroleum (OXY - Free Report) . OXY is currently holding a Zacks Rank #2 (Buy) and a Value grade of A.

Value investors also use the P/S ratio. The P/S ratio is calculated as price divided by sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. OXY has a P/S ratio of 2.3. This compares to its industry's average P/S of 2.92.

Finally, our model also underscores that OXY has a P/CF ratio of 4.59. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. OXY's current P/CF looks attractive when compared to its industry's average P/CF of 4.98. Over the past 52 weeks, OXY's P/CF has been as high as 4.78 and as low as 3.32, with a median of 4.31.

Value investors will likely look at more than just these metrics, but the above data helps show that Occidental Petroleum is likely undervalued currently. And when considering the strength of its earnings outlook, OXY sticks out as one of the market's strongest value stocks.

The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. REUTERS/Brendan McDermid/File Photo Purchase Licensing Rights, opens new tab

CompaniesJuly 10 (Reuters) - Shale producer Occidental Petroleum (OXY.N), opens new tab said in a filing on Friday its worldwide average ​realized oil prices rose 38.4% in ‌the second quarter compared with the previous three months, driven by higher benchmark crude ​rates amid the Middle East conflict.

​The U.S.-Iran war has injected a hefty geopolitical ⁠risk premium into the energy ​markets and disrupted supplies through the Strait of Hormuz, ​which carries about a fifth of global oil flows.

The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.

Benchmark Brent crude saw an average closing ​price of $96.68 per barrel during the ​April-June quarter, up 23% from the first three ‌months ⁠of the year.

Occidental's worldwide average realized oil price in the second quarter was $96.78 per barrel, compared with $69.91 a barrel ​in the ​previous ⁠three months.

Worldwide realized natural gas prices averaged negative 80 cents per ​million cubic feet, compared with positive $1.20 ​per ⁠mcf in the previous quarter.

Worldwide realized natural gas liquids prices rose nearly 30% ⁠to $24.64 ​per barrel, compared with $18.99 ​per barrel in the previous quarter.

Reporting by Dharna ​Bafna in Bengaluru; Editing by Jonathan Ananda

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Occidental Petroleum (OXY - Free Report) closed at $52.30 in the latest trading session, marking a -2.41% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.81%. Meanwhile, the Dow experienced a rise of 0.27%, and the technology-dominated Nasdaq saw an increase of 1.3%.

Coming into today, shares of the oil and gas exploration and production company had lost 6.15% in the past month. In that same time, the Oils-Energy sector lost 3.61%, while the S&P 500 gained 1.13%.

Investors will be eagerly watching for the performance of Occidental Petroleum in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 5, 2026. The company is expected to report EPS of $1.94, up 397.44% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $7.22 billion, indicating a 11.88% increase compared to the same quarter of the previous year.

OXY's full-year Zacks Consensus Estimates are calling for earnings of $5.93 per share and revenue of $25.57 billion. These results would represent year-over-year changes of +168.33% and +0.5%, respectively.

Investors should also take note of any recent adjustments to analyst estimates for Occidental Petroleum. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.48% higher. Occidental Petroleum presently features a Zacks Rank of #3 (Hold).

Digging into valuation, Occidental Petroleum currently has a Forward P/E ratio of 9.04. This signifies a discount in comparison to the average Forward P/E of 19.87 for its industry.

The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 174, finds itself in the bottom 30% echelons of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow OXY in the coming trading sessions, be sure to utilize Zacks.com.

7.7.2026 22:17

Index Dow Jones -0,25 % na 52925,15 b. S&P 500 -0,45 % na 7503,85 b. Nasdaq Composite -1,16 % na 25818,69 b.

Americké indexy uzavírají poklesem. Nejhůře se dařilo indexu Nasdaq Composite, který ztratil víc než procento po výprodeji polovodičových společností. Poklesy spustil propad akcií Samsung, po kvartálním reportu, který neoslnil trh. Z indexu S&P 500 ztrácel sektor průmyslu, kde Caterpillar odepisuje 5,5 % po oznámení o akvizici společnosti Skycatch. Převzetí posiluje pozici Caterpillaru, jako poskytovatele celého ekosystému pro řízení dolů. Skycatch vyvájí technologie pro sběr, zpracovaní a analýzu prostorových dat. Například zpracovává 3D modely terénu a sleduje změny na lomech. Kupní cena zatím nebyla zveřejněna. Růstem se může pochlubit sektor energií, kde firmy těží z opětovně zvýšeného napětí mezi USA a Iránem, který v Hormuzském průlivu zaútočil na tanker na zkapalněný zemní plyn. USA obnovují zákaz prodeje ropy z Iránu. V reakci stoupá cena ropy. Futures kontrakty na WTI rostou o 5 % na úroveň pod USD 72.

SpaceX (- 6,83 %) se dnes stal součástí indexu Nasdaq 100. Po připojení do indexu se objevilo hned několik investičních doporučení s perimetrem cílových cen od USD 131 do USD 800. Většina analytiků posadila cílovou cenu poblíž úrovně USD 200.

Index S&P 500 -0,45 % na 7503,85 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Energie +3 % Průmysl -1,7 % Zdravotní péče +1,6 % Informační technologie -1,6 % Reality +1,5 % Základní materiály -1 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Cognizant Technology Solutions Corp (CTSH) +6,2 % Intel Corp (INTC) -9,7 % Cboe Global Markets (CBOE) +6,1 % Teradyne (TER) -9,6 % Occidental Petroleum Corp (OXY) +5,9 % Generac Holdings (GNRC) -8,5 % Gilead Sciences (GILD) +5,2 % Western Digital Corp (WDC) -7,9 % Devon Energy Corp (DVN) +5,1 % Marvell Technology (MRVL) -7,5 %
Marek Kameništiak
Fio banka, a.s.
Prohlášení

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Occidental Petroleum (OXY - Free Report) , which belongs to the Zacks Oil and Gas - Integrated - United States industry.

This oil and gas exploration and production company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 63.12%.

For the last reported quarter, Occidental came out with earnings of $1.06 per share versus the Zacks Consensus Estimate of $0.65 per share, representing a surprise of 63.08%. For the previous quarter, the company was expected to post earnings of $0.19 per share and it actually produced earnings of $0.31 per share, delivering a surprise of 63.16%.

Price and EPS Surprise

For Occidental, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Occidental currently has an Earnings ESP of +1.08%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner.

When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.

Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

July 01, 2026 16:15 ET  | Source: Occidental

HOUSTON, July 01, 2026 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) will announce its second quarter 2026 financial results after close of market on Wednesday, August 5, 2026, and will hold a conference call to discuss the results on Thursday, August 6, 2026, at 1 p.m. Eastern/12 p.m. Central.

The conference call may be accessed by calling 1-866-871-6512 (international callers dial 1-412-317-5417) or via webcast at oxy.com/investors. Participants may pre-register for the conference call at https://dpregister.com/sreg/10209862/1043a899934.

Second quarter 2026 financial results will be available through the Investor Relations section of the company’s website. A recording of the webcast will be posted on the website within several hours after the call is completed.

About Occidental

Occidental is an international energy company that produces, markets and transports oil and natural gas to maximize value and provide resources fundamental to life. The company leverages its global leadership in carbon management to advance lower-carbon technologies and products. Headquartered in Houston, Occidental primarily operates in the United States, the Middle East and North Africa. To learn more, visit oxy.com.

Contacts

OXY's stronger ROE, cheaper valuation, earnings estimate growth and six-month share gains give it an edge over CVX.

Occidental Petroleum (OXY - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Shares of this oil and gas exploration and production company have returned -10.7% over the past month versus the Zacks S&P 500 composite's -1.4% change. The Zacks Oil and Gas - Integrated - United States industry, to which Occidental belongs, has lost 11.1% over this period. Now the key question is: Where could the stock be headed in the near term?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For the current quarter, Occidental is expected to post earnings of $1.89 per share, indicating a change of +384.6% from the year-ago quarter. The Zacks Consensus Estimate has changed +24.7% over the last 30 days.

For the current fiscal year, the consensus earnings estimate of $5.79 points to a change of +162% from the prior year. Over the last 30 days, this estimate has changed +8.5%.

For the next fiscal year, the consensus earnings estimate of $4.29 indicates a change of -25.8% from what Occidental is expected to report a year ago. Over the past month, the estimate has changed +17.9%.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Occidental is rated Zacks Rank #3 (Hold).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

In the case of Occidental, the consensus sales estimate of $7.23 billion for the current quarter points to a year-over-year change of +12%. The $26.35 billion and $24.47 billion estimates for the current and next fiscal years indicate changes of +3.6% and -7.1%, respectively.

Last Reported Results and Surprise HistoryOccidental reported revenues of $5.11 billion in the last reported quarter, representing a year-over-year change of -25.3%. EPS of $1.06 for the same period compares with $0.87 a year ago.

Compared to the Zacks Consensus Estimate of $5.5 billion, the reported revenues represent a surprise of -7.03%. The EPS surprise was +63.08%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates times over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Occidental is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Occidental. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

Occidental Petroleum (OXY - Free Report) closed the most recent trading day at $51.09, moving -2.18% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.1% for the day. On the other hand, the Dow registered a gain of 0.35%, and the technology-centric Nasdaq decreased by 0.43%.

Heading into today, shares of the oil and gas exploration and production company had lost 9.1% over the past month, lagging the Oils-Energy sector's loss of 7.58% and the S&P 500's loss of 1.34%.

The investment community will be closely monitoring the performance of Occidental Petroleum in its forthcoming earnings report. In that report, analysts expect Occidental Petroleum to post earnings of $1.89 per share. This would mark year-over-year growth of 384.62%. Our most recent consensus estimate is calling for quarterly revenue of $7.23 billion, up 11.96% from the year-ago period.

For the full year, the Zacks Consensus Estimates are projecting earnings of $5.79 per share and revenue of $26.35 billion, which would represent changes of +161.99% and +3.56%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for Occidental Petroleum. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 8.52% rise in the Zacks Consensus EPS estimate. At present, Occidental Petroleum boasts a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that Occidental Petroleum has a Forward P/E ratio of 9.02 right now. This denotes a discount relative to the industry average Forward P/E of 18.61.

The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 179, finds itself in the bottom 27% echelons of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

Key Takeaways EV-to-EBITDA offers a fuller view of valuation by accounting for debt, unlike traditional P/E ratios.GCO, PAM, OXY, CLDT and TGS are screened as value stocks with low EV-to-EBITDA ratios.Each stock meets strict criteria, including valuation, trading volume, price, growth, and Value Score. The price-to-earnings (P/E) multiple enjoys widespread popularity among investors seeking stocks trading at a bargain. In addition to being a widely used tool for screening stocks, P/E is a popular metric for working out the fair market value of a firm. However, even this straightforward, broadly used valuation metric has a few shortcomings.

While P/E enjoys great popularity among value investors, a less-used and more complicated metric called EV-to-EBITDA is sometimes viewed as a better alternative. EV-to-EBITDA provides a clearer view of a company’s valuation and earnings-generating potential by taking a broader approach to assessing value.

Genesco Inc. (GCO - Free Report) , Pampa Energia S.A. (PAM - Free Report) , Occidental Petroleum Corporation (OXY - Free Report) , Chatham Lodging Trust (CLDT - Free Report) and Transportadora de Gas del Sur S.A. (TGS - Free Report) are some stocks with impressive EV-to-EBITDA ratios.

Is EV-to-EBITDA a Better Substitute to P/E?EV-to-EBITDA is essentially the enterprise value (EV) of a stock divided by its earnings before interest, taxes, depreciation and amortization (EBITDA). EV is the sum of a company’s market capitalization, its debt and preferred stock minus cash and cash equivalents. EBITDA, the other component of the multiple, gives a better idea of a company’s profitability as it removes the impact of non-cash expenses like depreciation and amortization that reduce net earnings. It is also often used as a proxy for cash flows.

Just like P/E, the lower the EV-to-EBITDA ratio, the more attractive it is. A low EV-to-EBITDA ratio could signal that a stock is potentially undervalued. EV-to-EBITDA takes into account the debt on a company’s balance sheet that the P/E ratio does not. For this reason, EV-to-EBITDA is generally used to value the potential acquisition targets as it shows the amount of debt the acquirer has to assume. Stocks boasting a low EV-to-EBITDA multiple could be seen as attractive takeover candidates.

Another shortcoming of P/E is that it can’t be used to value a loss-making firm. A company’s earnings are also subject to accounting estimates and management manipulation. On the other hand, EV-to-EBITDA is difficult to manipulate and can also be used to value loss-making but EBITDA-positive companies. EV-to-EBITDA is also a useful tool in measuring the value of firms that are highly leveraged and have a high degree of depreciation. Moreover, it can be used to compare companies with different levels of debt.

But EV-to-EBITDA has its shortcomings, too. The ratio varies across industries (a high-growth industry typically has a higher multiple and vice versa). It is usually not appropriate when comparing stocks in different industries, given their diverse capital requirements.

A strategy solely based on EV-to-EBITDA might not yield the desired results. However, you can club it with the other major ratios in your stock-investing toolbox, such as price-to-book (P/B), P/E and price-to-sales (P/S) to screen value stocks.

Screening CriteriaHere are the parameters to screen for value stocks:

EV-to-EBITDA 12 Months-Most Recent less than X-Industry Median: A lower EV-to-EBITDA ratio represents a cheaper valuation.

P/E using (F1) less than X-Industry Median: This metric screens stocks that are trading at a discount to their peers.

P/B less than X-Industry Median: A lower P/B compared with the industry average implies that the stock is undervalued.

P/S less than X-Industry Median: The lower the P/S ratio, the more attractive the stock is, as investors will have to pay a smaller price for the same amount of sales generated by the company.

Estimated One-Year EPS Growth F(1)/F(0) greater than or equal to X-Industry Median: This parameter will help in screening stocks that have growth rates higher than the industry median.

Average 20-day Volume greater than or equal to 100,000: The addition of this metric ensures that shares can be traded easily.

Current Price greater than or equal to $5: This parameter will help in screening stocks that are trading at a minimum price of $5 or higher.

Zacks Rank less than or equal to 2: It is a fundamental truth that stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have always managed to beat adversities and outperform the market.

Value Score of less than or equal to B: Our research shows that stocks with a Value Score of A or B, when combined with a Zacks Rank #1 or 2, offer the best upside potential.

Here are our five picks out of the 22 stocks that passed the screen:

Genesco is a specialty retail and branded company, which sells footwear and accessories in retail stores throughout the United States, Canada, the United Kingdom and the Republic of Ireland. This Zacks Rank #1 company has a Value Score of A.

Genesco has an expected earnings growth rate of 55.2% for the current fiscal year. The Zacks Consensus Estimate for GCO’s current fiscal-year earnings has been revised 4.7% upward over the past 60 days.

Pampa Energia is a leading independent energy-integrated company in Argentina. This Zacks Rank #1 stock has a Value Score of B. You can see the complete list of today’s Zacks #1 Rank stocks here.

Pampa Energia has an expected year-over-year earnings growth rate of 39.8% for 2026. The consensus estimate for PAM's 2026 earnings has moved up 12.7% over the past 60 days.

Occidental Petroleum is an integrated oil and gas company with significant exploration and production exposure. This Zacks Rank #2 stock has a Value Score of A.

Occidental Petroleum has an expected year-over-year earnings growth rate of 162% for 2026. The Zacks Consensus Estimate for OXY's 2026 earnings has been revised 68.3% upward over the past 60 days.

Chatham Lodging Trust is a lodging real estate investment trust that invests in premium-branded upscale extended-stay and select-service hotels. This Zacks Rank #2 company has a Value Score of A.

Chatham Lodging Trust has an expected year-over-year earnings growth rate of 25.5% for 2026. The consensus estimate for CLDT’s 2026 earnings has moved up 6.7% over the past 60 days.

Transportadora is a leading natural gas transporter in Argentina. Its midstream asset portfolio has the most extensive natural gas pipeline network in Latin America. This Zacks Rank #2 stock has a Value Score of B.

Transportadora has an expected year-over-year earnings growth rate of 21.9% for 2026. The consensus estimate for TGS’s 2026 earnings has been revised 6.9% upward over the past 60 days.

An updated edition of the April 28, 2026 article.

Corporate leadership is evolving as an increasing number of women take on senior roles at publicly traded companies. This shift is being supported by business results, with many women-led organizations demonstrating strong innovation, operational adaptability and solid shareholder returns across a range of industries. These leadership appointments go beyond symbolism, as many of these executives are outperforming peers through disciplined execution, efficient capital allocation and a clear focus on long-term value creation, strengthening investor confidence in more resilient and sustainable business models.

The latest reports paint a nuanced picture: women are becoming a structural force in U.S. entrepreneurship, even as funding and systemic gaps persist. One of the clearest takeaways is scale. Women now own more than 40% of all U.S. businesses, employing roughly 12.6 million people and generating $2.8 trillion in revenues. Growth has also been faster than that of male-owned firms, with women-owned businesses expanding nearly twice as quickly between 2022 and 2025. This shift signals that female entrepreneurship is no longer niche—it is central to the U.S. small- and mid-sized business ecosystem, particularly in services, consumer, healthcare and increasingly tech-enabled sectors. The data suggests women are not just starting companies, but building durable, employment-generating enterprises, a key driver of long-term economic resilience.

Female founders are increasingly gaining traction in AI and next-generation technology markets, which have become the primary destinations for venture capital. This indicates a shift from traditional sectors into high-value, innovation-driven markets, positioning women at the center of future growth themes. According to PitchBook's 2025 Female Founders report, U.S. female-founded startups raised a record $73.6 billion in venture capital in 2025, representing 27.7% of total U.S. VC deal value, the highest share on record. Importantly, AI accounted for roughly two-thirds of all venture dollars invested in female-founded startups.

At the same time, capital is becoming more concentrated in fewer, larger deals—often in AI—suggesting that while top-tier female-led companies are scaling rapidly, broader participation remains uneven.

Despite strong progress, a significant funding gap continues to limit the full potential of female founders. All-female founding teams still receive only about 1–2% of total U.S. venture capital, even though evidence suggests they often deliver higher capital efficiency and competitive returns. This imbalance highlights a structural constraint within the venture ecosystem, where access to early-stage and growth funding remains uneven. As a result, many promising female-led startups may struggle to scale at the same pace as their peers, underscoring a sizable untapped opportunity for investors willing to address this gap.

Despite funding challenges, women-led companies continue to drive innovation and resilience, making them attractive investment opportunities. If you want to capitalize on it, our Women Run Companies Screen will help you spot high-potential stocks in this space.

Investors looking to capitalize on opportunities across diverse industries should consider Newmont Corporation (NEM - Free Report) in gold mining, Pitney Bowes Inc. (PBI - Free Report) in shipping and mailing technology, The Coca-Cola Company (KO - Free Report) in the global beverage industry, Apple (AAPL - Free Report) in consumer technology and digital services, and Occidental Petroleum Corporation (OXY - Free Report) in the energy sector. These companies demonstrate strong leadership and strategic vision within their respective industries, positioning them for long-term growth and value creation.

Ready to uncover more transformative thematic investment ideas? Explore 37 cutting-edge investment themes with Zacks Thematic Investing Screens and discover your next big opportunity.

Newmont: Since joining Newmont in 2023 as chief operating officer and later becoming president and CEO in January 2026, Natascha Viljoen has played a key role in strengthening the company’s operational performance and strategic focus. One of her most important contributions has been overseeing the integration and optimization of Newmont’s expanded asset portfolio following the acquisition of Newcrest Mining. Under her leadership, the company has emphasized operational discipline, asset rationalization and productivity improvements to enhance profitability and cash generation across its global mining operations.

Viljoen has also been instrumental in advancing Newmont’s value-over-volume strategy. Rather than pursuing production growth at any cost, she has focused on improving margins, maximizing returns from high-quality assets and streamlining the company’s portfolio. Newmont has announced plans to divest non-core operations and concentrate capital on its Tier 1 assets, a move designed to strengthen the balance sheet and improve long-term shareholder returns. Her deep technical and operational background has helped drive initiatives aimed at improving mine performance, safety standards and cost efficiency.

Viljoen’s leadership is particularly important as the gold mining industry faces rising cost pressures, stricter environmental expectations and increasing capital allocation scrutiny. Her focus on operational excellence, disciplined capital spending and portfolio optimization positions Newmont to generate stronger free cash flow across commodity cycles. As the first woman to lead the company, Viljoen also brings a fresh leadership perspective while maintaining continuity in Newmont’s long-term strategy. Currently, Newmont sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Pitney Bowes: Debbie Pfeiffer has been one of the key leaders behind the stability and growth of Pitney Bowes’ Presort Services business, a segment that remains central to the company's cash flow generation and customer relationships. As executive vice president and president of Presort Services, she oversees a nationwide network of 35 operating centers and has played an important role in expanding the scale and efficiency of the business. With more than two decades at Pitney Bowes and over 40 years of industry experience, Pfeiffer has helped strengthen customer retention, expand national accounts and improve operating execution across the presort network.

Her contribution is particularly important because Presort Services is one of Pitney Bowes’ most resilient businesses. Under her leadership, the company has continued investing in automation and network expansion to improve service quality and processing efficiency. A recent example is the opening of a new highly automated Presort Services facility in Phoenix, AZ, which significantly increases processing capacity and supports faster mail delivery while lowering costs for customers. In 2025, the Presort network handled more than 15 billion pieces of mail, highlighting the scale of the operation she manages.

Her leadership also aligns with Pitney Bowes’ broader effort to improve profitability and operational performance. Following the company’s first-quarter 2026 results, management continued to emphasize operational efficiency, cash generation and strategic investments in core businesses. The Presort segment remains a valuable asset because it generates recurring revenue, benefits from long-standing customer relationships and provides economies of scale that are difficult for competitors to replicate. Pfeiffer’s ability to drive network optimization, customer growth and cost efficiencies makes her a significant contributor to Pitney Bowes’ long-term earnings and free-cash-flow profile. Currently, Pitney Bowes sports a Zacks Rank #1.

Coca-Cola: Tapaswee Chandele has become a key figure in Coca-Cola’s leadership team after being named executive vice president and global chief people officer in 2026. Having spent more than 25 years with the company, she has helped shape Coca-Cola’s approach to talent development, leadership succession and workforce strategy. Prior to her current role, she led Global Talent, Development and HR System Partnerships, overseeing programs designed to identify, develop and retain future leaders across the organization. Her leadership experience across India, Türkiye, South Africa and the United States has provided her with broad insight into Coca-Cola’s diverse global operations.

Chandele’s impact goes well beyond managing human resources. She has played an important role in strengthening leadership benches, enhancing employee capabilities and supporting organizational change initiatives across the company. Her elevation to the executive leadership team reflects Coca-Cola’s belief that attracting and developing talent is essential to maintaining its competitive position. Given the company’s vast global footprint, effective workforce management and leadership development are critical to driving consistent execution across markets.

Chandele’s role has become increasingly important as Coca-Cola pursues growth opportunities while navigating evolving consumer trends and advancing its digital capabilities. The company has continued to deliver solid organic revenue growth and healthy profitability, supported by strong execution across its global system. As global chief people officer, she is responsible for ensuring that Coca-Cola has the talent, leadership depth and organizational structure needed to support these objectives. Her efforts to build a stronger workforce and leadership pipeline could help sustain operational excellence and long-term value creation. Currently, Coca-Cola carries a Zacks Rank #2 (Buy).

Apple: Deirdre O’Brien has become one of Apple’s most influential executives through her dual role as senior vice president of Retail + People. Reporting directly to CEO Tim Cook, she oversees Apple’s global retail stores, online sales operations and human resources functions. This combination gives her significant influence over both customer engagement and workforce strategy. O’Brien has played a key role in shaping Apple’s retail experience, ensuring that product launches, service offerings and customer support remain consistent with the company’s premium brand positioning. She has also been involved in every major Apple product launch during her nearly four-decade tenure with the company.

From an operational standpoint, O’Brien’s contribution extends beyond retail execution. She leads talent management, recruiting, leadership development, compensation and employee support programs, helping Apple maintain a strong corporate culture while managing a workforce that supports millions of customers worldwide. Her focus on connecting employees, processes and customers has helped Apple preserve high levels of customer satisfaction and employee engagement despite its massive global scale. In an environment where technology companies compete aggressively for talent, her leadership is an important factor in Apple’s ability to attract and retain skilled employees.

Her impact is particularly relevant as Apple continues to deliver strong financial performance. In fiscal second-quarter 2026, Apple reported a record March-quarter revenue of $111.2 billion, up 17% year over year, while earnings per share rose 22% to $2.01. The company also achieved an all-time high in Services revenues and recorded double-digit growth across every geographic segment. Apple’s extensive retail network remains a critical channel for product sales, customer acquisition and ecosystem engagement, making O’Brien’s leadership an important contributor to the company’s long-term growth strategy and brand strength. Currently, Apple carries a Zacks Rank #2.

Occidental: Sylvia Kerrigan has become one of Occidental’s most influential executives through her role as senior vice president and chief legal officer. As the company’s top legal leader, she oversees global legal affairs, corporate governance, compliance and regulatory matters across Occidental’s oil and gas, chemicals and carbon management businesses. Her role is particularly important because Occidental operates in highly regulated markets where legal oversight, environmental compliance and transaction execution directly affect shareholder value. She also serves as a key adviser to the board and senior management on strategic decisions and risk management.

Kerrigan’s contribution has been especially relevant during Occidental’s transformation into a broader energy and carbon management company. The company has pursued major acquisitions, expanded its carbon capture initiatives through its subsidiary 1PointFive and continued optimizing its portfolio while managing a sizable asset base across the United States and international markets. Effective legal and governance oversight is critical to executing these initiatives, securing permits, managing contractual obligations and reducing regulatory risks. Her leadership helps ensure that strategic projects move forward while maintaining compliance with evolving environmental and energy regulations.

Her role also supports Occidental’s financial objectives. In the latest reported quarter, the company generated solid operating cash flow despite commodity-price volatility, supported by strong production from its oil and gas assets and steady contributions from its chemicals business. As Occidental continues to balance capital returns, debt management and investments in low-carbon technologies, Kerrigan’s expertise in governance, compliance and transaction execution remains an important enabler of long-term value creation. Her ability to help navigate legal complexities and regulatory challenges strengthens Occidental’s operational resilience and supports the successful execution of its long-term growth strategy. Currently, Occidental carries a Zacks Rank #2.

Key Takeaways OXY cut debt by $15.6B in 22 months, reducing annual interest expenses by more than $830M.OXY's 2026 and 2027 EPS estimates rose 27.53% and 26.92%, respectively, in the past 60 days.OXY gained 29.7% in six months, outpacing the industry's 17.8% rally. Occidental Petroleum Corporation (OXY - Free Report) has made notable progress in reducing its debt load, a priority since the 2019 Anadarko acquisition. Over the past 22 months alone, Occidental has reduced debt by $15.6 billion, cutting annual interest expenses by more than $830 million. This disciplined deleveraging not only enhances balance sheet strength but also bolsters financial flexibility.

Occidental has cut the principal debt to $13 billion and continues to deploy cash flow toward reaching its $10 billion debt target. This rapid deleveraging is expected to create lasting value for its shareholders.

A leaner balance sheet enhances Occidental's ability to navigate commodity price volatility while providing greater flexibility to invest in high-return growth opportunities. Continued deleveraging also strengthens investor confidence, improving the company's appeal in both equity and debt markets. Additionally, lower financing costs support profitability and cash flow generation, ultimately driving stronger long-term shareholder returns.

As the debt burden declines, Occidental gains greater financial flexibility to expand its core Permian Basin operations and invest in low-carbon businesses such as carbon capture. This ongoing financial discipline strengthens the company's resilience and competitive edge while supporting long-term shareholder value creation.

Lower Debt Levels Expand Financial FlexibilityFor oil and gas companies, reducing debt improves financial flexibility, lowers financing costs and strengthens balance sheets. A healthier financial position enables them to better withstand commodity price volatility, invest in high-return opportunities and enhance shareholder returns, while supporting long-term growth and competitiveness.

Companies such as BP plc (BP - Free Report) and ConocoPhillips (COP - Free Report) have benefited significantly from deleveraging efforts. By lowering debt and reducing interest expenses, both companies have strengthened cash flow generation and improved financial resilience. Their stronger balance sheets have provided greater flexibility to fund growth initiatives and return capital to shareholders through dividends and share repurchases, reinforcing long-term value creation.

OXY’s Earnings Estimates Moving NorthThe Zacks Consensus Estimate for Occidental’s 2026 and 2027 earnings per share indicates an increase of 27.53% and 26.92%, respectively, in the past 60 days.

Image Source: Zacks Investment Research

OXY’s Price PerformanceOccidental’s shares have gained 29.7% in the past six months compared with the Zacks Oil and Gas-Integrated-United States industry’s rally of 17.8%.

Image Source: Zacks Investment Research

Occidental’s Return on Invested CapitalReturn on Invested Capital (“ROIC”) measures how efficiently a company uses its debt and equity capital to generate profits. It reflects management’s ability to create value from invested funds. Generally, a higher ROIC indicates more effective capital allocation and stronger value creation, while a lower ROIC may signal less efficient use of capital.

Occidental’s ROIC is higher than the industry average in the trailing 12 months. ROIC of OXY was 4.03% compared with the industry average of 3.88%.

Image Source: Zacks Investment Research

OXY’s Zacks RankOccidental currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

On June 15, 2026, Occidental Petroleum Corp OXY shares fell 3.7% to $54.46. The stock's recent performance reflects a significant drop of 8.2% over the past month, although it has seen a year-to-date increase of 33.7% and a year-over-year rise of 19.7%. The stock has traded within a 52-week range of $38.80 to $67.45.

GF Value™ verdict: Current price is $54.46, compared to a GF Value™ of $44.72, indicating it is 21.8% overvalued. GF Score™ of 57/100 suggests an average ranking among its peers. Most notable signal: No insider transactions in the last 3 months, indicating a lack of insider confidence in the stock's immediate future. Is OXY Overvalued or Undervalued? The current price of Occidental Petroleum Corp OXY is $54.46, which is significantly higher than the GF Value™ estimate of $44.72. This indicates that the stock is 21.8% overvalued according to GF Value™, suggesting that investors may be paying more than what the intrinsic value of the company warrants. The GF Valuation label categorizes OXY as modestly overvalued, highlighting that there is a risk associated with purchasing the stock at this price level.

Investors should consider the margin of safety when evaluating this stock. An overvalued status implies that the potential for price correction exists, which could negatively impact short-term investment returns. Furthermore, with a predictability rating of just 1 star, OXY’s future performance may be uncertain, making it crucial for potential investors to exercise caution.

How Does OXY's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 13.7x 14.3x Forward P/E 9.6x N/A Currently, OXY's P/E (TTM) of 13.7x is slightly below its 5-year median P/E of 14.3x, suggesting that the stock is trading at a lower valuation relative to its historical norms. Additionally, the forward P/E of 9.6x indicates a potentially more favorable valuation outlook. This P/E analysis aligns with the GF Value™ verdict, reinforcing the conclusion that OXY is overvalued at its current price.

What Does OXY's GF Score™ Tell Us? Metric Rating GF Score™ 57/100 Financial Strength 5/10 Profitability 6/10 Growth 1/10 Valuation 5/10 Momentum 2/10 The GF Score™ of 57/100 indicates that OXY holds an average position among its industry peers. Its strengths lie in profitability, with a score of 6/10, suggesting that the company is generating reasonable returns. However, the growth rank is notably weak at 1/10, which reflects challenges in expanding revenue or earnings. The financial strength score of 5/10 indicates moderate stability, but the momentum score of 2/10 raises concerns about the stock's recent performance.

What Are Insiders Doing with OXY Stock? There have been no insider transactions reported for Occidental Petroleum Corp in the last three months. The absence of buying or selling activity from insiders may suggest a lack of confidence among executives regarding the stock's immediate prospects. Typically, insider buying can signal positive expectations about future performance, while selling may indicate the opposite.

What This Means for Investors Based on the GF Value™ assessment, Occidental Petroleum Corp OXY is overvalued at its current price of $54.46. Given the significant margin of overvaluation and the modest GF Score™, investors may want to approach this stock with caution.

For the complete analysis, visit the Occidental Petroleum Corp OXY stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is OXY's GF Score™?

OXY's GF Score™ is 57/100, indicating an average ranking among its peers with moderate potential for long-term returns.

Is OXY overvalued or undervalued?

OXY is currently considered overvalued, with a GF Value™ of $44.72 compared to its current price of $54.46, reflecting a 21.8% overvaluation.

What is OXY's P/E ratio?

OXY's P/E (TTM) is 13.7x, which is slightly below its 5-year median P/E of 14.3x, suggesting it is trading at a lower valuation relative to its historical norms.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

© Andrii Iemelianenko / Shutterstock.com

Richard from Staten Island has a problem most investors would envy. Six years ago, on his son’s suggestion to capitalize on crashed oil prices, he put $90,000 to $100,000 into Occidental Petroleum at $9 to $10 per share. That bet has compounded into 15,275 shares worth roughly $800,000, representing 80% of his investment portfolio. Combined with proceeds from selling a business, the household sits on $2.5 million in savings. Richard is disabled, his wife is not investment-savvy, and retirement is next. The question surfaced on Your Money Your Wealth podcast episode 583: keep riding the position or systematically de-risk.

The OXY Story Behind the Gain Occidental Petroleum (NYSE:OXY | OXY Price Prediction) is fundamentally different than the company Richard bought during the pandemic crash. The OxyChem divestiture to Berkshire Hathaway closed January 2, 2026, allowing management to cut principal debt by $5.8 billion to $15 billion and raise the quarterly dividend 8% to $0.26 per share. CEO Vicki Hollub framed it bluntly: “The sale of OxyChem is an important milestone in the strategic transformation of our company and will enable us to further strengthen our balance sheet, accelerate shareholder returns and unlock high-return opportunities across our core oil and gas business.” Details are in the company’s Q4 2025 8-K filing.

The stock has rewarded patience. OXY is up 40.42% year-to-date and 134.9% over five years, currently trading at $57.26. Full-year 2025 delivered EPS of $2.21 and operating cash flow of $10.53 billion. Analysts carry a target price of $65.21 and a forward P/E of 12.

Where the Risk Actually Lives One stock equals one set of correlated risks. OXY is a pure play on crude. WTI ranged from $57.97 in December 2025 to $100.32 in April 2026 over the past twelve months. The 2020 pandemic showed crude can crash to $16.55 in a single month. Realized crude at $59.22 per barrel in Q4 2025 was down 9% sequentially, and Q4 carried a reported net loss tied to OxyChem sale charges. OPEC+ decisions, Middle East geopolitics, and tariff uncertainty make the case for trimming structural rather than emotional.

The Hosts’ Framework: Build vs. Preserve The Your Money Your Wealth hosts drew a clean line. “Concentrated risk is how you really make a lot of wealth. That’s also how you lose everything. It’s the best investment you could ever make is one individual stock. The worst investment you can possibly make is one individual stock,” one host noted. The pivot for Richard is that the goal has changed. Building wealth tolerates volatility. Retirement income does not.

Their practical prescription was a chips-off-the-table cadence: “Every so often when the gain is enough that it’s meaningful, you take a few chips off the table. You don’t take them all off the table, but you take some off the table. Instead of wondering, should I sell? Should I keep? Just kind of have a strategy.” Richard has already started: he sold 3,000 shares at $68 and reinvested in income funds.

What a Diversification Lane Looks Like Now The income alternative is finally competitive. The 10-Year Treasury yields 4.56%, sitting in the 97.6th percentile of its 12-month range. Compare that to OXY’s 1.67% dividend yield. A reader trimming concentrated equity into laddered Treasuries, investment-grade corporates, and broad index funds picks up income with materially less drawdown risk. The VIX at 17.01 looks calm, but it spiked to 31.05 in March 2026. Volatility regimes change fast.

Richard’s anchor for staying has been Buffett: “There are so many times I wanted to exit the position until I learned Mr. Buffett bought shares at $55 to $56, even at $60. So he must see the value.” Richard’s cost basis and life stage differ from Berkshire’s, and he is approaching retirement with a spouse who needs an organized estate. For more on the deleveraging story, see our coverage of Occidental’s $5.8 billion debt cut and dividend hike.

The Spousal Plan Matters as Much as the Trim The hosts pressed a point that gets overlooked: organization. One spouse usually drives the finances. If something happens to Richard, his wife needs to know account locations, point-of-contact advisors, and how to generate cash. A written plan, consolidated custodian, and a fee-only fiduciary who advises rather than pressures is the operational layer that makes the math work. A 32% concentration is uncomfortable. An 80% concentration alongside an uninformed survivor is a genuine planning failure waiting to happen.

Occidental Petroleum (OXY +1.93%) is acquiring a stake in a deepwater exploration block offshore Trinidad and Tobago from ExxonMobil (XOM +0.28%). The deal gives it access to an area with high upside potential, given its proximity to another Exxon-operated block that has proven to be very prolific.

Here's a look at the deal and what it could mean for investors in the oil stock.

Image source: The Motley Fool.

Drilling down into Occidental's latest deal Occidental Petroleum is acquiring a 10% interest in a large deepwater exploration block offshore Trinidad and Tobago from ExxonMobil. The oil giant previously held a 100% stake in the Ultra Deep 1 or UD(1) block. Exxon initially acquired the position last year in a deal with the government of Trinidad and Tobago.

UD(1) borders Exxon's Stabroek block in Guyana. The oil giant and its partners, Chevron and Chinese oil company CNOOC, have made 30 discoveries in the Stabroek block totaling 11 billion barrels of recoverable oil and gas. The Exxon-led consortium currently produces 900,000 barrels per day (BPD) from the Stabroek block and aims to increase its output to 1.7 million BPD by 2030. It's a major contributor to the five-year growth plans of both Exxon and Chevron.

Today's Change

(

0.28

%) $

0.41

Current Price

$

147.01

Exxon sees similar potential in UD(1). The oil giant is currently conducting seismic surveys of the area, which it hopes to complete by the end of this year. It currently plans to invest $42 million for the seismic data and up to two exploration wells, which it could start drilling six months after completing its seismic studies. Exxon sees the potential to invest $21.7 billion to fully develop the block in the future, if it proves as prolific as Stabroek. Selling an interest in the block to Occidental will help reduce Exxon's exploration and development costs and risks.

Exploration is the lifeblood of an oil and gas company. They need to routinely replenish their resources to offset production declines and depletions across their portfolio. Adding a 10% stake in UD(1) provides Occidental with a high upside exploration play. If UD(1) proves to be as prolific as Stabroek, it could be a major long-term growth catalyst for the oil giant. It also further diversifies the oil and gas company's global portfolio, which currently features operations in the U.S., Africa, and the Middle East.

Today's Change

(

1.93

%) $

1.07

Current Price

$

56.54

Occidental has a large portfolio of exploration prospects. Last year, the oil giant signed an agreement with the government of Oman to extend its operations in Block 53. That deal provided it with the potential to grow its resources in the country by more than 800 million barrels. Meanwhile, earlier this year, Occidental and its partners, Chevron and Woodside Energy, made an oil discovery at the Bandit prospect in the Gulf of Mexico (also known as the Gulf of America in the U.S.). These and other areas will help fuel Occidental's growth in the coming years.

Adding a potentially meaningful growth catalyst Occidental is buying a small stake in an Exxon-operated exploration block. It has massive resource potential, given its proximity to the prolific Stabroek block. While there's also a high risk of coming up dry, it's a very smart deal for Occidental as it adds a potentially meaningful long-term growth catalyst to its portfolio.

Here are three stocks with buy rank and strong income characteristics for investors to consider today, June 1:

CrossAmerica Partners LP (CAPL - Free Report) : This distributor of motor fuels and owner and lessor of real estate used in the retailing of motor fuels, and operator of convenience stores has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 146.5% over the last 60 days.

This Zacks Rank #1 company has a dividend yield of 9.7%, compared with the industry average of 5.9%.

Civista Bancshares, Inc. (CIVB - Free Report) : This financial holding company for Civista Bank has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.2% over the last 60 days.

This Zacks Rank #1 company has a dividend yield of 2.8%, compared with the industry average of 2.6%.

Occidental Petroleum Corporation (OXY - Free Report) : This explorer and developer of oil and gas has witnessed the Zacks Consensus Estimate for its current year earnings increasing 67.2% over the last 60 days.

This Zacks Rank #1 company has a dividend yield of 1.8%, compared with the industry average of 0.0%.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Find more top income stocks with some of our great premium screens.

On June 01, 2026, Occidental Petroleum Corp OXY shares rose 4.0% today, bringing the current price to $58.92. The stock has traded within a 52-week range of $38.80 to $67.45, showing significant volatility over the past year.

GF Value™ verdict: OXY's current price of $58.92 is 33.2% above its GF Value™ estimate of $44.23, indicating the stock is overvalued.GF Score™: OXY has a GF Score™ of 53/100, suggesting an average performance in key areas of evaluation.Most notable signal: There have been no insider transactions in the last 3 months, reflecting a lack of insider activity. Is OXY Overvalued or Undervalued? The current market price of Occidental Petroleum Corp OXY at $58.92 is significantly above the GF Value™ estimate of $44.23, indicating that the stock is 33.2% overvalued. Investors should consider this margin of safety when evaluating their potential investment in OXY. The GF Valuation label categorizes the stock as significantly overvalued, which suggests that investors may face risks if the stock price does not adjust to reflect its intrinsic value.

GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. In this context, the overvaluation indicates that the current market price may not be sustainable in the long term, and could lead to potential price corrections.

How Does OXY's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 14.8x 14.4x Forward P/E 10.5x N/A OXY's current P/E (TTM) of 14.8x is slightly above its 5-year median P/E of 14.4x. The forward P/E of 10.5x indicates a more favorable valuation outlook for future earnings. This P/E analysis suggests that the stock is trading at a premium compared to its historical valuation, which aligns with the GF Value™ verdict of being overvalued.

What Does OXY's GF Score™ Tell Us? Metric Rating GF Score™ 53 Financial Strength 5/10 Profitability 6/10 Growth 1/10 Valuation 5/10 Momentum 1/10 The GF Score™ of 53/100 indicates an average performance across various metrics. OXY's strongest areas lie in profitability (6/10) and valuation (5/10), while growth (1/10) and momentum (1/10) are the weakest aspects. This mixed performance suggests that while the company maintains decent profitability, its growth prospects and momentum are lacking, which could raise concerns for potential investors.

What Are Insiders Doing with OXY Stock? In the last three months, there have been no insider transactions reported for Occidental Petroleum Corp OXY . This absence of insider buying or selling indicates a lack of insight into management's confidence in the company's future performance. Without insider activity, it can be challenging to gauge whether executives believe the stock is undervalued, fairly valued, or overvalued at its current price.

What This Means for Investors Based on the GF Value™ assessment, Occidental Petroleum Corp OXY is currently overvalued. With the current market price significantly exceeding the intrinsic value estimate, investors may want to exercise caution before making any decisions regarding OXY stock.

For the complete analysis, visit the Occidental Petroleum Corp OXY stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is OXY's GF Score™?

OXY has a GF Score™ of 53/100, indicating an average performance across key evaluation metrics.

Is OXY overvalued or undervalued?

OXY is currently overvalued, with its market price 33.2% above the GF Value™ estimate.

What is OXY's P/E ratio?

OXY's P/E (TTM) is 14.8x, which is slightly above its 5-year median P/E of 14.4x.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

With the price of oil settling in the $90s despite the ongoing situation in the Strait of Hormuz, questions linger as to whether there's another spike in the cards or if we'll be gradually headed back to more normalized levels (think around $60 per barrel).

In the latest close session, Occidental Petroleum (OXY - Free Report) was down 2.85% at $55.47. This change lagged the S&P 500's 1.75% gain on the day. Meanwhile, the Dow experienced a rise of 1.86%, and the technology-dominated Nasdaq saw an increase of 2.54%.

Shares of the oil and gas exploration and production company witnessed a gain of 1.64% over the previous month, beating the performance of the Oils-Energy sector with its loss of 0.13%, and the S&P 500's loss of 1.63%.

The investment community will be closely monitoring the performance of Occidental Petroleum in its forthcoming earnings report. The company is expected to report EPS of $1.89, up 384.62% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.36 billion, up 13.99% from the year-ago period.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.79 per share and a revenue of $26.35 billion, representing changes of +161.99% and +3.56%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for Occidental Petroleum. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 13.93% higher within the past month. Occidental Petroleum currently has a Zacks Rank of #1 (Strong Buy).

From a valuation perspective, Occidental Petroleum is currently exchanging hands at a Forward P/E ratio of 9.87. This signifies a discount in comparison to the average Forward P/E of 19.79 for its industry.

The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 199, finds itself in the bottom 19% echelons of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.