Occidental Petroleum reports third-quarter oil gain for Occidental Petroleum stock

Published on 10/15/2026 at 11:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Oxy reports Q3 oil at USD 85.91 per barrel, up 32.6 percent year over year. Occidental Petroleum stock costs EUR 55.11 on October 15, 2026.

Oil prices and upcoming results

Occidental's worldwide realized oil price reached USD 85.91 per barrel in the third quarter of 2026.
Second-quarter revenue was USD 8.33 billion, compared with USD 5.11 billion in the first quarter.
Occidental Petroleum stock traded at EUR 55.11 at 11:08 a.m. CEST at Lang & Schwarz on October 15, 2026.

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Occidental Petroleum (ISIN US6745991058) was trading at EUR 55.11 at Lang & Schwarz on October 15, 2026 at 11:08 a.m. CEST. Its third-quarter operational update showed a worldwide realized oil price of USD 85.91 per barrel, up 32.6 percent from USD 64.78 a year earlier, according to a BOE Report report dated October 13, 2026.

Oil prices improve the earnings setup

The update gave investors a clearer view of the commodity backdrop before the full results. Occidental's production remained within its guidance range, while temporary curtailments at Gulf of America facilities reduced some output during September.

Gulf of America net sales volumes were 110,000 barrels of oil equivalent per day in the third quarter. The company also said crude oil collar settlements reduced operating cash flow before working capital by USD 94 million, creating a counterweight to the stronger realized oil price.

What does the revenue trend show?

Occidental reported second-quarter revenue of USD 8.33 billion, up from USD 5.11 billion in the first quarter of 2026, while consolidated net income reached USD 3.00 billion. The figures come from the standardized second-quarter financial statement and are also reported by MarketBeat.

The comparison matters because higher oil realizations can support cash generation, but the USD 94 million collar impact shows why operating cash flow may not move in line with headline commodity prices.

Three events frame the update

On August 5, 2026, Occidental reported second-quarter revenue of USD 8.06 billion and adjusted earnings per share of USD 2.40, according to MarketBeat. On October 1, 2026, Goldman Sachs upgraded the stock from Neutral to Buy and raised its target from USD 63.00 to USD 69.00, the same publication reported. On October 13, 2026, Occidental disclosed third-quarter realized oil of USD 85.91 per barrel and production within guidance, as reported by BOE Report.

Which dates come next?

Occidental is scheduled to announce third-quarter results on November 9, 2026, and hold its conference call on November 10, 2026, according to 6ix. The company also declared a USD 0.28 quarterly dividend payable on October 15, 2026, as reported by MarketBeat.

Stock price and valuation context

On the NYSE, Occidental was last quoted at USD 61.41 on October 14, 2026 at 4:00 p.m. ET. Its market capitalization was USD 61.4 billion, and the 52-week range was USD 38.80 to USD 67.45. The primary listing and NYSE ticker OXY are identified by 6ix.

The current euro quotation places the focus on the next earnings release, where realized prices, production recovery and the collar settlements will shape the cash-flow picture. The company operates in oil and gas exploration and production, with additional midstream, marketing and chemicals activities.

Occidental Petroleum was trading at EUR 55.11 at Lang & Schwarz on October 15, 2026 at 11:08 a.m. CEST.