Occidental Petroleum stock holds near $59 after August results
Published on 08/31/2026 at 09:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Occidental Petroleum (US6745991058) stock held near $59 after the company reported August 5, 2026 results showing $2.40 in earnings per share and $8.06 billion in revenue. The latest quote in the session snapshot was $59.12, with a market value of $59.10 billion and a 52-week range of $38.80 to $67.45.
Results and payout
The same update said revenue was up 53.4% year over year, from $0.39 a share in the prior-year quarter to $2.40 this time. It also put net margin at 28.36% and return on equity at 15.31%, giving the post-earnings story a clear profitability angle.
Occidental also lifted its quarterly dividend to $0.28 from $0.26, which annualizes to $1.12 a share. Analysts in the same market snapshot kept a Hold view and an average target of $64.83, leaving the stock below that level even after the results.
Trading setup
The share price snapshot showed a 50-day range of $47.91 to $61.48 and volume of 4.43 million shares against an average of 8.05 million. That combination points to a stock that has already recovered sharply from the spring lows but still trades short of the top end of its recent range.
For context, the current-year earnings estimate in the cited snapshot stands at 6.09 EPS, so the August quarter still matters for full-year expectations. The market is now weighing whether the stronger quarter and the higher payout can keep valuation support in place.
Carbon and chemicals
Occidental's portfolio still includes oil and natural gas production alongside chemicals and low-carbon initiatives, with carbon capture remaining a visible part of the investment case. The company has used that mix to frame cash flow, capital discipline, and longer-dated industrial demand.
Stock view
Occidental Petroleum stock was last quoted at $59.12 on August 28, 2026, with market cap at $59.10 billion.
Fact box
Company: Occidental Petroleum Corporation
ISIN: US6745991058
Ticker: OXY
Exchange: NYSE
Sector / Industry: Energy / Oil & Gas E&P
Index membership: S&P 500
Market cap: $59.10 billion (as of August 28, 2026)
Price (as of August 28, 2026, 3:58 p.m. ET): $59.12 USD
Next earnings date: September 10, 2026
