Occidental Petroleum (OXY Quick QuoteOXY - Free Report) reported $8.33 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 29%. EPS of $2.40 for the same period compares to $0.39 a year ago.

The reported revenue represents a surprise of +16.03% over the Zacks Consensus Estimate of $7.18 billion. With the consensus EPS estimate being $1.92, the EPS surprise was +25%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Occidental performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Daily Production Volumes - Worldwide Production: 1433 millions of barrels of oil equivalent per day versus 1415.74 millions of barrels of oil equivalent per day estimated by five analysts on average.
• Net Production Volumes Per Day By Commodity - Natural Gas - Total Worldwide: 2323 millions of cubic feet per day compared to the 2261.63 millions of cubic feet per day average estimate based on five analysts.
• Net Production Volumes Per Day By Commodity - Oil - Total Worldwide: 713 millions of barrels of oil per day versus 714.3 millions of barrels of oil per day estimated by five analysts on average.
• Average Realized Prices - Natural Gas - Total Worldwide: $-0.8 per thousand cubic feet compared to the $-0.85 per thousand cubic feet average estimate based on four analysts.
• Average Realized Prices - NGLs - Total Worldwide: $/24.64 versus $/24.64 estimated by three analysts on average.
• Average Realized Prices - Oil - Total Worldwide: $/96.78 versus the three-analyst average estimate of $/96.08.
• Net Production Volumes per Day - International - Oman: 68 millions of barrels of oil equivalent per day versus the two-analyst average estimate of 64.13 millions of barrels of oil equivalent per day.
• Net Production Volumes Per Day By Commodity - International - Oil - Algeria and Other International: 21 millions of barrels of oil per day compared to the 19.14 millions of barrels of oil per day average estimate based on two analysts.
• Net Production Volumes Per Day By Commodity - International - Oil - Al Hosn: 13 millions of barrels of oil per day versus 14.22 millions of barrels of oil per day estimated by two analysts on average.
• Revenues and Other Income- Net Sales- Oil and Gas: $6.88 billion versus the two-analyst average estimate of $6.67 billion. The reported number represents a year-over-year change of +37.4%.
• Revenues and Other Income- Net Sales- Eliminations: $-143 million versus $-221 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -42.3% change.
• Revenues and Other Income- Net Sales- Midstream & Marketing: $1.33 billion versus $701.28 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +211.3% change.

View all Key Company Metrics for Occidental here>>>

Shares of Occidental have returned +6.6% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.