Equity Profile

OXY

Occidental Petroleum Corporation

EnergyIntegrated Oil & Gas$58.1B

May5Tue

Post-Earnings Recap

ReportedQ1-2026After Close4:16 PM EDT

Occidental Petroleum Beats on EPS, Stock Down 1.5%

Metric	Actual	Expected	Surprise
EPS	$1.06	$0.60	+70.14%
Revenue	—	$5.8B	—

management commentary, guidance changes, and full analysis available with Pro.

Occidental Petroleum Beats on EPS, Stock Down 1.5%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$1.06	$0.60	+70.14%
Revenue	—	$5.8B	—

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based on numerical results only.

What It Means

Occidental Petroleum's strong EPS performance significantly exceeded expectations, indicating better-than-anticipated profitability. However, the stock fell by 1.5% on the day, suggesting that investors may have been disappointed by the lack of revenue data or future guidance. The market's reaction reflects a cautious sentiment despite the positive earnings surprise.

Company Snapshot

Occidental Petroleum Corporation (OXY) is an integrated oil and gas company involved in the exploration, production, and marketing of oil and natural gas. 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 investments.

Key Metrics to Watch

EPS

Earnings per share is a critical measure of profitability and will indicate how well the company is managing costs and generating income.

$0.60

Revenue

Total revenue provides insight into the company's sales performance and market demand for its products.

$5.8B

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

Original Pre-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 the last quarter, Occidental reported an EPS of $0.05, significantly missing the estimate of $0.19. Despite the disappointing earnings, the stock rose by 2.55% the following day, indicating some investor optimism.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about Occidental's upcoming earnings, with expectations for a modest recovery in EPS and revenue. However, the company has faced challenges in meeting earnings estimates recently.

Bull Case

If Occidental can exceed the consensus EPS of $0.60, it may signal a strong rebound in profitability and investor confidence, potentially driving the stock higher.

Bear Case

Conversely, if the company misses expectations again, it could raise concerns about its operational efficiency and market conditions, leading to a negative reaction in the stock price.

Key Metrics to Watch

EPS

$0.60

Earnings per share is a critical measure of profitability and will indicate how well the company is managing costs and generating income.

Revenue

$5.8B

Total revenue provides insight into the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS exceed the consensus estimate of $0.60?

A beat on EPS could indicate improved operational performance and boost investor confidence, while a miss could reinforce negative sentiment.

What factors are influencing revenue growth this quarter?

Understanding the drivers behind revenue will help gauge the company's market position and demand for its products, which is crucial for future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for a rebound in oil prices, which could significantly boost Occidental's earnings this quarter.

Supporting Evidence

Recent trends in oil demand suggest a recovery that could positively impact revenue.

The stock has shown resilience despite recent earnings misses, indicating underlying strength.

Options pricing suggests that investors are anticipating a larger move than historical averages, hinting at potential positive surprises.

Key Risk

If oil prices rise significantly, it could lead to much higher earnings than the consensus expects.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Occidental can recover from recent earnings misses and improve profitability amid fluctuating oil prices.

Bull Confirmed If

An EPS of $0.70 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $0.50 would confirm the bear case, suggesting ongoing challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±5.84%

Historical Avg

±1.2%

Pricing rich

The options market is pricing in a significant move around the earnings announcement, suggesting that investors are anticipating volatility.

Options are pricing ±5.7% while OXY has averaged ±1.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

40.6%

Calls (7.0M)P/C Ratio: 0.14Puts (990K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Occidental beats expectations, history suggests the stock could rise by about 0.19% on the following day, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further commentary from management.

Miss

A miss could lead to a decline in stock price, with historical patterns indicating an average drop of around 0.65% following such outcomes.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on production levels and operational efficiency improvements.
2Insights into how current oil prices are affecting profitability.
3Management's outlook on future demand for oil and gas.
4Details on cost management initiatives and their impact on margins.
5Any commentary on market conditions and competitive landscape.

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Company Snapshot

Key Metrics to Watch

EPS

Earnings per share is a critical measure of profitability and will indicate how well the company is managing costs and generating income.

$0.60

Revenue

Total revenue provides insight into the company's sales performance and market demand for its products.

$5.8B

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

Original Pre-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 consensus EPS of $0.60, it may signal a strong rebound in profitability and investor confidence, potentially driving the stock higher.

Bear Case

Conversely, if the company misses expectations again, it could raise concerns about its operational efficiency and market conditions, leading to a negative reaction in the stock price.

Key Metrics to Watch

EPS

$0.60

Earnings per share is a critical measure of profitability and will indicate how well the company is managing costs and generating income.

Revenue

$5.8B

Total revenue provides insight into the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS exceed the consensus estimate of $0.60?

A beat on EPS could indicate improved operational performance and boost investor confidence, while a miss could reinforce negative sentiment.

What factors are influencing revenue growth this quarter?

Understanding the drivers behind revenue will help gauge the company's market position and demand for its products, which is crucial for future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for a rebound in oil prices, which could significantly boost Occidental's earnings this quarter.

Supporting Evidence

Recent trends in oil demand suggest a recovery that could positively impact revenue.

The stock has shown resilience despite recent earnings misses, indicating underlying strength.

Options pricing suggests that investors are anticipating a larger move than historical averages, hinting at potential positive surprises.

Key Risk

If oil prices rise significantly, it could lead to much higher earnings than the consensus expects.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Occidental can recover from recent earnings misses and improve profitability amid fluctuating oil prices.

Bull Confirmed If

An EPS of $0.70 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $0.50 would confirm the bear case, suggesting ongoing challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±5.84%

Historical Avg

±1.2%

Pricing rich

The options market is pricing in a significant move around the earnings announcement, suggesting that investors are anticipating volatility.

Options are pricing ±5.7% while OXY has averaged ±1.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

40.6%

Calls (7.0M)P/C Ratio: 0.14Puts (990K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Occidental beats expectations, history suggests the stock could rise by about 0.19% on the following day, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further commentary from management.

Miss

A miss could lead to a decline in stock price, with historical patterns indicating an average drop of around 0.65% following such outcomes.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on production levels and operational efficiency improvements.
2Insights into how current oil prices are affecting profitability.
3Management's outlook on future demand for oil and gas.
4Details on cost management initiatives and their impact on margins.
5Any commentary on market conditions and competitive landscape.