Occidental Petroleum stock gets fresh EPS estimate lift before Q3
Published on 11/05/2026 at 17:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSWhat analysts are watching next
- Analysts lifted their consensus earnings outlook ahead of Occidental Petroleum's upcoming quarterly release.
- Oil and gas revenue, midstream sales and production are the key operating metrics in the latest forecast.
- The estimates point to stronger year-over-year oil and gas activity but lower total production.
Occidental Petroleum enters its upcoming quarterly reporting period with analysts revising their earnings view higher. Zacks Equity Research reported on Thursday, November 5, that the consensus EPS estimate had risen 22.1 percent over the previous 30 days.
Estimate revisions sharpen earnings focus
Analysts forecast earnings of 1.43 US dollars per share and revenue of 6.73 billion US dollars for the coming quarter, according to the report. The EPS projection implies a 123.4 percent increase from the year-earlier period, while revenue is expected to rise 0.3 percent.
The revision trend gives investors an additional signal beyond the headline consensus. It indicates that analysts have collectively raised their profit assumptions as the quarterly release approaches, although the company still has to deliver the result.
Operating metrics set next test
Zacks expects oil and gas sales of 6.44 billion US dollars, up 19.2 percent from a year earlier. Midstream and marketing revenue is projected at 433.37 million US dollars, an increase of 41.6 percent, while international oil and gas revenue is forecast at 1.03 billion US dollars.
The production outlook is more mixed. Worldwide production is projected at 1,416.60 thousand barrels of oil equivalent per day, below the prior-year figure of 1,465.00 thousand barrels of oil equivalent per day. The next report will show how commodity prices, volumes and the midstream contribution translate into earnings and cash generation.
Occidental Petroleum stock traded at 52.26 euros on Lang & Schwarz at 5:09 p.m. CET on Thursday, November 5, 2026.
Occidental Petroleum Corporation
- ISIN: US6745991058
- Ticker: OXY
- Lang & Schwarz quote: 52.26 euros on Thursday, November 5, 2026 at 5:09 p.m. CET
Investors can follow the real-time quote of Occidental Petroleum stock as the earnings date approaches.
US equity investors will also monitor the wider market backdrop through current S&P 500 market reports.
