Occidental Petroleum stock heads into Q3 report with estimates up

Published on 11/06/2026 at 16:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Occidental Petroleum stock enters its November 9 report with firmer estimates. Zacks sees a positive Earnings ESP before the after-market release.

What investors watch before results

Occidental Petroleum is scheduled to report third-quarter results after the market close on November 9.
Zacks expects domestic production, efficiency gains and lower interest costs to support quarterly profitability.
Midstream earnings could face pressure from a narrower Waha-to-Gulf Coast gas spread.

Occidental Petroleum, US6745991058, Illustration mit AI erstellt.

Occidental Petroleum is heading into its third-quarter 2026 results with improving analyst expectations, according to Zacks Equity Research. The company is scheduled to publish the figures after the market close on Monday, November 9.

Estimates point to a stronger quarter

Zacks puts the consensus estimate at 1.43 US dollars per share and revenue at 6.73 billion US dollars. Third-quarter earnings estimates have risen 0.7 percent over the past 60 days, while the revenue forecast implies a 0.3 percent increase from the year-earlier quarter.

The same analysis gives Occidental an Earnings ESP of positive 4.14 percent and a Zacks Rank of 2. The measure signals that the latest estimate sits above the consensus used in the model, but it does not guarantee an earnings beat.

Production and gas spreads in focus

Zacks expects domestic production, improved operating efficiency, debt reduction and lower interest costs to support profitability. Permian output could benefit from drilling activity and well performance, while maintenance and weather-related disruptions may weigh on Gulf of America production.

Midstream and Marketing earnings are expected to face pressure from a narrower Waha-to-Gulf Coast natural-gas spread. Higher upstream gas realizations and sulfur prices could partly offset that effect, while freight costs and geopolitical uncertainty remain variables for the quarter.

Occidental Petroleum stock traded at 50.63 euros on Lang & Schwarz at 16:39 CET on Friday, November 6, 2026. Investors can follow the real-time quote of Occidental Petroleum stock.