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Occidental Petroleum (OXY) Rises As Market Takes a Dip: Key Facts
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Occidental Petroleum (OXY - Free Report) closed at $64.00 in the latest trading session, marking a +1.57% move from the prior day. This move outpaced the S&P 500's daily loss of 1.82%. On the other hand, the Dow registered a loss of 1.09%, and the technology-centric Nasdaq decreased by 2.86%.
Coming into today, shares of the oil and gas exploration and production company had gained 8.94% in the past month. In that same time, the Oils-Energy sector gained 10.72%, while the S&P 500 gained 0.71%.
The investment community will be closely monitoring the performance of Occidental Petroleum in its forthcoming earnings report. The company is scheduled to release its earnings on November 9, 2026. The company is predicted to post an EPS of $1.43, indicating a 123.44% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $6.73 billion, reflecting a 0.26% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.81 per share and a revenue of $27.47 billion, signifying shifts of +208.14% and +7.98%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Occidental Petroleum. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Over the past month, there's been a 9.84% rise in the Zacks Consensus EPS estimate. Occidental Petroleum is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, Occidental Petroleum is presently being traded at a Forward P/E ratio of 9.26. This valuation marks a discount compared to its industry average Forward P/E of 17.46.
Meanwhile, OXY's PEG ratio is currently 0.73. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Integrated - United States industry had an average PEG ratio of 1.6 as trading concluded yesterday.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 103, positioning it in the top 42% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Occidental Petroleum (OXY) Rises As Market Takes a Dip: Key Facts
Occidental Petroleum (OXY - Free Report) closed at $64.00 in the latest trading session, marking a +1.57% move from the prior day. This move outpaced the S&P 500's daily loss of 1.82%. On the other hand, the Dow registered a loss of 1.09%, and the technology-centric Nasdaq decreased by 2.86%.
Coming into today, shares of the oil and gas exploration and production company had gained 8.94% in the past month. In that same time, the Oils-Energy sector gained 10.72%, while the S&P 500 gained 0.71%.
The investment community will be closely monitoring the performance of Occidental Petroleum in its forthcoming earnings report. The company is scheduled to release its earnings on November 9, 2026. The company is predicted to post an EPS of $1.43, indicating a 123.44% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $6.73 billion, reflecting a 0.26% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.81 per share and a revenue of $27.47 billion, signifying shifts of +208.14% and +7.98%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Occidental Petroleum. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Over the past month, there's been a 9.84% rise in the Zacks Consensus EPS estimate. Occidental Petroleum is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, Occidental Petroleum is presently being traded at a Forward P/E ratio of 9.26. This valuation marks a discount compared to its industry average Forward P/E of 17.46.
Meanwhile, OXY's PEG ratio is currently 0.73. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Integrated - United States industry had an average PEG ratio of 1.6 as trading concluded yesterday.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 103, positioning it in the top 42% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.