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Occidental (OXY) Reports Q3 Earnings: What Key Metrics Have to Say

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For the quarter ended September 2026, Occidental Petroleum (OXY - Free Report) reported revenue of $6.77 billion, up 0.8% over the same period last year. EPS came in at $1.91, compared to $0.64 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $6.73 billion, representing a surprise of +0.56%. The company delivered an EPS surprise of +33.57%, with the consensus EPS estimate being $1.43.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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: 1427 millions of barrels of oil equivalent per day compared to the 1416.6 millions of barrels of oil equivalent per day average estimate based on eight analysts.
  • Net Production Volumes Per Day By Commodity - Natural Gas - Total Worldwide: 2373 millions of cubic feet per day compared to the 2378.32 millions of cubic feet per day average estimate based on eight analysts.
  • Net Production Volumes Per Day By Commodity - Oil - Total Worldwide: 697 millions of barrels of oil per day compared to the 694.23 millions of barrels of oil per day average estimate based on eight analysts.
  • Average Realized Prices - Natural Gas - Total Worldwide: $1.69 per thousand cubic feet versus the six-analyst average estimate of $1.7 per thousand cubic feet.
  • Revenues and Other Income- Oil & Gas- United States: $5.62 billion versus the two-analyst average estimate of $5.44 billion. The reported number represents a year-over-year change of +24%.
  • Revenues and Other Income- Oil & Gas- International: $1.01 billion versus $1.03 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +15.2% change.
  • Revenues and Other Income- Oil- United States: $4.7 billion versus $4.54 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +24.8% change.
  • Revenues and Other Income- GAS- International: $96 million compared to the $89.92 million average estimate based on two analysts. The reported number represents a change of +5.5% year over year.
  • Revenues and Other Income- Net Sales- Oil and Gas: $6.44 billion versus the four-analyst average estimate of $6.44 billion. The reported number represents a year-over-year change of +19.1%.
  • Revenues and Other Income- Net Sales- Midstream & Marketing: $587 million versus $433.37 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +91.8% change.
  • Revenues and Other Income- Net Sales- Eliminations: $-133 million versus the three-analyst average estimate of $-193.33 million. The reported number represents a year-over-year change of -47.2%.
  • Revenues and Other Income- Interest, dividends and other income: $171 million versus $82 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +189.8% change.

View all Key Company Metrics for Occidental here>>>

Shares of Occidental have returned -6.2% over the past month versus the Zacks S&P 500 composite's -5.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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