Reported Earnings • 16h
First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2026 results: EPS: US$0.052 (down from US$0.81 in 1Q 2025). Revenue: US$5.11b (down 25% from 1Q 2025). Net income: US$52.0m (down 93% from 1Q 2025). Profit margin: 1.0% (down from 11% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 9.8%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Declared Dividend • May 04
Fourth quarter dividend of US$0.26 announced Shareholders will receive a dividend of US$0.26. Ex-date: 10th June 2026 Payment date: 15th July 2026 Dividend yield will be 1.7%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (69% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 62% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • Apr 22
Consensus EPS estimates increase by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$24.8b to US$27.1b. EPS estimate increased from US$3.59 to US$4.24 per share. Net income forecast to grow 230% next year vs 33% growth forecast for Oil and Gas industry in the US. Consensus price target broadly unchanged at US$63.38. Share price rose 2.2% to US$57.05 over the past week. Major Estimate Revision • Apr 21
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$25.0b to US$27.2b. EPS estimate increased from US$3.57 to US$3.95 per share. Net income forecast to grow 196% next year vs 33% growth forecast for Oil and Gas industry in the US. Consensus price target up from US$61.83 to US$63.24. Share price fell 6.2% to US$54.48 over the past week. Major Estimate Revision • Apr 13
Consensus EPS estimates increase by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$24.3b to US$24.8b. EPS estimate increased from US$3.13 to US$3.59 per share. Net income forecast to grow 167% next year vs 33% growth forecast for Oil and Gas industry in the US. Consensus price target broadly unchanged at US$62.24. Share price fell 7.8% to US$58.06 over the past week. Duyuru • Apr 09
Occidental Announces Oil Discovery At Bandit Prospect In Gulf Of America Occidental announced an oil discovery at the Bandit prospect in the Gulf of America, about 125 miles south of the Louisiana coast. The exploration well, located in Green Canyon Block 680, encountered high-quality, full-to-base oil-bearing Miocene sands. Bandit is operated by Occidental, which holds a 45.375% working interest, and includes co-owners Chevron U.S.A. Inc. (37.125%) and Woodside Energy (17.5%). The co-owners are currently evaluating results to determine next steps. The discovery has the potential for subsea tie-backs to an adjacent Occidental-operated facility and others in the nearby area. Major Estimate Revision • Apr 08
Consensus EPS estimates increase by 31% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$23.7b to US$25.0b. EPS estimate increased from US$2.73 to US$3.57 per share. Net income forecast to grow 164% next year vs 30% growth forecast for Oil and Gas industry in the US. Consensus price target up from US$60.28 to US$61.60. Share price fell 4.0% to US$59.77 over the past week. Major Estimate Revision • Apr 07
Consensus EPS estimates increase by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$23.3b to US$24.3b. EPS estimate increased from US$2.73 to US$3.13 per share. Net income forecast to grow 125% next year vs 27% growth forecast for Oil and Gas industry in the US. Consensus price target up from US$57.92 to US$61.40. Share price fell 5.0% to US$62.96 over the past week. Duyuru • Apr 05
Occidental Petroleum Corporation Announces CEO Changes Occidental Petroleum Corporation announced that CEO Vicki Hollub is retiring, with Richard Jackson appointed as her successor. The leadership change comes as the company sharpens its focus on carbon management and balance sheet transformation. The shift follows the sale of OxyChem, which refocuses the group on its core energy and low carbon businesses. Duyuru • Apr 02
Occidental Petroleum Corporation to Report Q1, 2026 Results on May 05, 2026 Occidental Petroleum Corporation announced that they will report Q1, 2026 results After-Market on May 05, 2026 Price Target Changed • Mar 28
Price target increased by 8.2% to US$59.40 Up from US$54.88, the current price target is an average from 25 analysts. New target price is 9.1% below last closing price of US$65.32. Stock is up 34% over the past year. The company is forecast to post earnings per share of US$2.73 for next year compared to US$1.38 last year. Duyuru • Mar 20
Occidental Petroleum Corporation, Annual General Meeting, May 01, 2026 Occidental Petroleum Corporation, Annual General Meeting, May 01, 2026. Major Estimate Revision • Mar 19
Consensus EPS estimates increase by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$21.7b to US$22.1b. EPS estimate increased from US$1.73 to US$2.05 per share. Net income forecast to grow 37% next year vs 16% growth forecast for Oil and Gas industry in the US. Consensus price target up from US$52.76 to US$55.44. Share price rose 2.0% to US$59.58 over the past week. Major Estimate Revision • Mar 15
Consensus EPS estimates increase by 27% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$21.7b to US$22.0b. EPS estimate increased from US$1.59 to US$2.02 per share. Net income forecast to grow 32% next year vs 14% growth forecast for Oil and Gas industry in the US. Consensus price target up from US$52.16 to US$54.80. Share price rose 6.8% to US$57.88 over the past week. Price Target Changed • Mar 07
Price target increased by 7.2% to US$52.16 Up from US$48.66, the current price target is an average from 25 analysts. New target price is approximately in line with last closing price of US$54.19. Stock is up 15% over the past year. The company is forecast to post earnings per share of US$1.36 for next year compared to US$1.38 last year. Major Estimate Revision • Feb 25
Consensus EPS estimates increase by 28%, revenue downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from US$22.0b to US$21.4b. EPS estimate rose from US$1.06 to US$1.36. Net income forecast to shrink 0.9% next year vs 13% growth forecast for Oil and Gas industry in the US . Consensus price target up from US$48.66 to US$51.88. Share price rose 13% to US$51.95 over the past week. Declared Dividend • Feb 22
Fourth quarter dividend increased to US$0.26 Dividend of US$0.26 is 8.3% higher than last year. Ex-date: 10th March 2026 Payment date: 15th April 2026 Dividend yield will be 1.9%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (69% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 66% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Feb 20
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.3% Last year net profit margin: 9.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (53% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (6.3% net profit margin). Board Change • Feb 19
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 5 highly experienced directors. Independent Director Ken Robinson was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Feb 19
Occidental Petroleum Corporation Announces Quarterly Dividend, Payable on April 15, 2026 Occidental Petroleum Corporation Increased quarterly dividend by more than 8% to $0.26 per share, payable April 15, 2026, to stockholders of record as of March 10, 2026; quarterly dividend per share has doubled in the last four years. Duyuru • Jan 06
Occidental Petroleum Corporation to Report Q4, 2025 Results on Feb 18, 2026 Occidental Petroleum Corporation announced that they will report Q4, 2025 results After-Market on Feb 18, 2026 Duyuru • Jan 02
Berkshire Hathaway Inc. (NYSE:BRK.A) completed the acquisition of Occidental Chemical Corporation from Occidental Petroleum Corporation (NYSE:OXY). Berkshire Hathaway Inc. (NYSE:BRK.A) signed definitive agreement to acquire Occidental Chemical Corporation from Occidental Petroleum Corporation (NYSE:OXY) for $9.7 billion on October 1, 2025. The all cash consideration of $9.7 billion (subject to customary purchase price adjustments) will be paid by Berkshire Hathaway Inc. An Occidental subsidiary will retain OxyChem’s legacy environmental liabilities, and Glenn Springs Holdings, Inc. will continue to manage existing remedial projects for that subsidiary. Berkshire Hathaway, and at the Closing will have, sufficient cash to pay the Closing Purchase Price and any other amounts required to be paid in connection with the consummation of the Transactions and to pay all related fees and expenses that are the responsibility of the Berkshire Hathaway.
The transaction is subject to regulatory approvals and other customary closing conditions. The expected completion of the transaction is fourth quarter of 2025. Occidental expects to use $6.5 billion of the transaction proceeds to reduce debt and achieve the target of principal debt below $15 billion.
Barclays Capital Inc. acted as financial advisor for Occidental Petroleum Corporation. Daniel J. Cerqueira, George F. Schoen, Matthew Morreale, Lauren Angelilli, Arvind Ravichandran, Eric W. Hilfers, David J. Kappos, Noah Joshua Phillips, Sarah W. Colangelo, John F. Kendrick, Annmarie M. Terraciano, Joyce Law, Brian M. Budnick and Lauren Piechocki of Cravath, Swaine & Moore LLP acted as legal advisor for Occidental Petroleum Corporation. Cyril V. Jones, Andrew Calder, Jacob Volz, Mark Dundon, Rebecca L. Fine, Daniel D. Lewis, Todd Herst, Stephen M. Jacobson, Stephanie Jeane, Justin Coddington, Jack M. Amaro, Christie Alcala, Damien Lyster, Paul D. Tanaka and James Dolphin of Kirkland & Ellis LLP acted as legal advisor to Berkshire Hathaway.
Berkshire Hathaway Inc. (NYSE:BRK.A) completed the acquisition of Occidental Chemical Corporation from Occidental Petroleum Corporation (NYSE:OXY) on January 2, 2026. On completion, OxyChem will continue to be managed by Wade Alleman as president and CEO. New Risk • Dec 18
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.4% per year for the foreseeable future. Minor Risks High level of debt (53% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.5% net profit margin). Upcoming Dividend • Dec 03
Upcoming dividend of US$0.24 per share Eligible shareholders must have bought the stock before 10 December 2025. Payment date: 15 January 2026. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (4.0%). Duyuru • Nov 12
Occidental Petroleum Corporation Raises Production Guidance for Fourth Quarter of 2025 Occidental Petroleum Corporation raised production guidance for the fourth quarter of 2025. For the quarter, the company raised total company production guidance from last quarter's implied guidance to a midpoint of 1.46 million BOE per day. This is driven by the expectation for continued strong performance across all 3 domestic assets, which should more than offset impacts from a scheduled turnaround at Al Hosn also in the fourth quarter. Reported Earnings • Nov 12
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: EPS: US$0.67 (down from US$1.05 in 3Q 2024). Revenue: US$6.72b (down 6.4% from 3Q 2024). Net income: US$685.0m (down 30% from 3Q 2024). Profit margin: 10% (down from 14% in 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 36%. Revenue is expected to decline by 2.2% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in the US are expected to grow by 3.0%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Declared Dividend • Nov 09
Second quarter dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 10th December 2025 Payment date: 15th January 2026 Dividend yield will be 2.3%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Nov 06
Occidental Announces Quarterly Dividend, Payable on January 15, 2026 Occidental announced that its Board of Directors declared a regular quarterly dividend of $0.24 per share on common stock, payable on January 15, 2026, to stockholders of record as of the close of business on December 10, 2025. Duyuru • Oct 10
Occidental Petroleum Corporation to Report Q3, 2025 Results on Nov 10, 2025 Occidental Petroleum Corporation announced that they will report Q3, 2025 results After-Market on Nov 10, 2025 Duyuru • Oct 03
Occidental Petroleum Corporation Promotes Richard A. Jackson to Senior Vice President and Chief Operating Officer Occidental Petroleum Corporation announced that its Board of Directors has promoted Richard A. Jackson to Senior Vice President and Chief Operating Officer, overseeing global oil and gas operations, low-carbon integrated technologies and the midstream and marketing and health, safety and environment functions. He will continue reporting to Vicki Hollub, President and Chief Executive Officer. Jackson was named Senior Vice President and President, U.S. Onshore Resources and Carbon Management, Operations, in 2020. Previously, Jackson served as President and General Manager of the Permian Delaware Basin and EOR, as well as Vice President of Investor Relations and Vice President of Drilling Americas. He has also led Oxy Low Carbon Ventures from its inception, advancing leading-edge technologies, including key areas of emissions measurement, carbon utilization and sequestration, Direct Air Capture and lithium extraction. Jackson serves on the Oil and Gas Climate Initiative’s Climate Investment Board and the American Petroleum Institute’s Upstream Committee. A graduate of Texas A&M University, he holds a Bachelor of Science in Petroleum Engineering. Duyuru • Oct 02
Berkshire Hathaway Inc. (NYSE:BRK.A) signed definitive agreement to acquire Occidental Chemical Corporation from Occidental Petroleum Corporation (NYSE:OXY) for $9.7 billion. Berkshire Hathaway Inc. (NYSE:BRK.A) signed definitive agreement to acquire Occidental Chemical Corporation from Occidental Petroleum Corporation (NYSE:OXY) for $9.7 billion on October 2, 2025. The all cash consideration of $9.7 billion (subject to customary purchase price adjustments) will be paid by Berkshire Hathaway Inc. An Occidental subsidiary will retain OxyChem’s legacy environmental liabilities, and Glenn Springs Holdings, Inc. will continue to manage existing remedial projects for that subsidiary.
The transaction is subject to regulatory approvals and other customary closing conditions. The expected completion of the transaction is fourth quarter of 2025. Occidental expects to use $6.5 billion of the transaction proceeds to reduce debt and achieve the target of principal debt below $15 billion.
Barclays Capital Inc. acted as financial advisor for Occidental Petroleum Corporation. Daniel J. Cerqueira, George F. Schoen, Matthew Morreale, Lauren Angelilli, Arvind Ravichandran, Eric W. Hilfers, David J. Kappos, Noah Joshua Phillips, Sarah W. Colangelo, John F. Kendrick, Annmarie M. Terraciano, Joyce Law, Brian M. Budnick and Lauren Piechocki of Cravath, Swaine & Moore LLP acted as legal advisor for Occidental Petroleum Corporation. Cyril V. Jones, Andrew Calder, Jacob Volz, Mark Dundon, Rebecca L. Fine, Daniel D. Lewis, Todd Herst, Stephen M. Jacobson, Stephanie Jeane, Justin Coddington, Jack M. Amaro, Christie Alcala, Damien Lyster, Paul D. Tanaka and James Dolphin of Kirkland & Ellis LLP acted as legal advisor to Berkshire Hathaway. Duyuru • Oct 01
Berkshire Hathaway Reportedly in Talks to Buy Occidental’s Petrochemical Business Berkshire Hathaway Inc. (NYSE:BRK.A) is negotiating to purchase Occidental Petroleum’s (NYSE:OXY) petrochemical business for approximately $10 billion, according to a report from the Wall Street Journal, citing sources familiar with the discussions. The acquisition of OxyChem could be finalized within days if the talks proceed successfully. Occidental Petroleum, which has a market value of around $46 billion, already has Berkshire as its largest shareholder. The Financial Times had reported on Sunday that Occidental was in discussions to sell OxyChem for $10 billion, but did not identify the potential buyer. Duyuru • Sep 29
Occidental Petroleum Reportedly in Talks to Sell OxyChem Unit for About $10 Billion Occidental Petroleum Corporation (NYSE:OXY) is in talks to sell its OxyChem division in a deal expected to be worth about $10 billion that would carve out one of the world’s largest standalone petrochemicals units. The Houston-based company, which is backed by Warren Buffett, has been steadily divesting assets in recent years in an effort to reduce its heavy debt load, which now stands at $24 billion. Occidental is working with advisers on the sale process. The divestment, which would be Occidental’s biggest to date, was likely to be announced in the coming weeks, two people familiar with the matter said, provided it does not hit any last-minute hurdles. The identity of the buyer could not immediately be established. It was possible that the sale could still fall apart, the people warned. Occidental did not immediately respond to requests for comment. Upcoming Dividend • Sep 03
Upcoming dividend of US$0.24 per share Eligible shareholders must have bought the stock before 10 September 2025. Payment date: 15 October 2025. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (3.9%). Duyuru • Aug 23
Enterprise Products Partners L.P. (NYSE:EPD) completed the acquisition of Midland Basin gas gathering assets of Occidental Petroleum Corporation (NYSE:OXY). Enterprise Products Partners L.P. (NYSE:EPD) entered into an agreement to acquire Midland Basin gas gathering assets of Occidental Petroleum Corporation (NYSE:OXY) for $580 million in July 2025. A cash consideration of $580 million will be paid towards the assets of Midland Basin gas gathering assets.
The transaction is subject to customary closing conditions and regulatory approval, including the expiration or termination of the Hart-Scott-Rodino Act waiting period. The expected completion of the transaction is in the third quarter of 2025. The proceeds from the sale will be used for debt reduction.
Enterprise Products Partners L.P. (NYSE:EPD) completed the acquisition of Midland Basin gas gathering assets of Occidental Petroleum Corporation (NYSE:OXY) on August 22, 2025. Enterprise Products Partners L.P. completed the acquisition of Midland Basin gas gathering assets for $580 million in cash consideration on a debt-free transaction. Troutman Pepper Locke and Sidley Austin LLP served as legal advisors to Enterprise, and Skadden, Arps, Slate, Meagher & Flom LLP and Taylor Pullins, Chad McCormick, Neil Clausen, Jason McCoy and George Paul of White & Case LLP served as legal advisors to Occidental. New Risk • Aug 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks High level of debt (59% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.4% net profit margin). Duyuru • Aug 07
Enterprise Products Partners L.P. (NYSE:EPD) entered into an agreement to acquire Midland Basin gas gathering assets of Occidental Petroleum Corporation (NYSE:OXY) for $580 million. Enterprise Products Partners L.P. (NYSE:EPD) entered into an agreement to acquire Midland Basin gas gathering assets of Occidental Petroleum Corporation (NYSE:OXY) for $580 million in July 2025. A cash consideration of $580 million will be paid towards the assets of Midland Basin gas gathering assets.
The transaction is subject to customary closing conditions and regulatory approval, including the expiration or termination of the Hart-Scott-Rodino Act waiting period. The expected completion of the transaction is in the third quarter of 2025. The proceeds from the sale will be used for debt reduction. Declared Dividend • Aug 03
First quarter dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 10th September 2025 Payment date: 15th October 2025 Dividend yield will be 2.2%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Jul 30
Occidental Announces Quarterly Dividend, Payable on October 15, 2025 Occidental announced that its Board of Directors declared a regular quarterly dividend of $0.24 per share on common stock, payable on October 15, 2025, to stockholders of record as of the close of business on September 10, 2025. Duyuru • Jul 29
Occidental Petroleum Corporation has filed a Follow-on Equity Offering in the amount of $703.79936 million. Occidental Petroleum Corporation has filed a Follow-on Equity Offering in the amount of $703.79936 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 31,990,880
Price\Range: $22 Duyuru • Jul 02
Occidental Petroleum Corporation to Report Q2, 2025 Results on Aug 06, 2025 Occidental Petroleum Corporation announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Upcoming Dividend • Jun 03
Upcoming dividend of US$0.24 per share Eligible shareholders must have bought the stock before 10 June 2025. Payment date: 15 July 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (4.2%). Major Estimate Revision • May 14
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$27.3b to US$26.2b. EPS estimate also fell from US$2.83 per share to US$2.43 per share. Net income forecast to grow 2.4% next year vs 14% growth forecast for Oil and Gas industry in the US. Consensus price target broadly unchanged at US$49.35. Share price rose 13% to US$44.39 over the past week. Reported Earnings • May 08
First quarter 2025 earnings: EPS exceeds analyst expectations First quarter 2025 results: EPS: US$0.81 (up from US$0.60 in 1Q 2024). Revenue: US$6.84b (up 14% from 1Q 2024). Net income: US$784.0m (up 47% from 1Q 2024). Profit margin: 12% (up from 8.9% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.3%. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Declared Dividend • May 05
Fourth quarter dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 10th June 2025 Payment date: 15th July 2025 Dividend yield will be 2.3%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • May 01
Occidental Announces Quarterly Dividend, Payable on July 15, 2025 Occidental announced that its Board of Directors declared a regular quarterly dividend of $0.24 per share on common stock, payable on July 15, 2025, to stockholders of record as of the close of business on June 10, 2025. Major Estimate Revision • Apr 22
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$28.3b to US$27.5b. EPS estimate also fell from US$3.29 per share to US$2.88 per share. Net income forecast to grow 18% next year vs 9.1% growth forecast for Oil and Gas industry in the US. Consensus price target down from US$55.12 to US$50.15. Share price rose 5.7% to US$39.97 over the past week. Price Target Changed • Apr 15
Price target decreased by 9.6% to US$51.86 Down from US$57.34, the current price target is an average from 27 analysts. New target price is 37% above last closing price of US$37.80. Stock is down 43% over the past year. The company is forecast to post earnings per share of US$3.25 for next year compared to US$2.44 last year. Price Target Changed • Apr 14
Price target decreased by 8.1% to US$53.67 Down from US$58.37, the current price target is an average from 27 analysts. New target price is 42% above last closing price of US$37.90. Stock is down 45% over the past year. The company is forecast to post earnings per share of US$3.31 for next year compared to US$2.44 last year. Duyuru • Apr 08
Occidental and 1Pointfive Secure Class Vi Permits for Stratos Direct Air Capture Facility Occidental and its subsidiary 1PointFive announced that the U.S Environmental Protection Agency approved its Class VI permits to sequester carbon dioxide (CO2) captured from STRATOS when the world’s largest Direct Air Capture (DAC) facility begins operating in Ector County, Texas. The permits, the first issued to sequester CO2 from a DAC project, allows Occidental to leverage its expertise managing large quantities of CO2 while advancing technology that strengthens the United States’ energy security and furthers economic growth in Texas. The permits, issued under the Safe Drinking Water Act's Underground Injection Control program, are a critical component of Occidental’s plan to securely and durably store CO2 captured from the atmosphere. Throughout EPA’s rigorous review process, Occidental demonstrated that its technologies, processes, monitoring programs and other procedures meet or exceed federal and state requirements for injection wells that store CO2 in geologic formations more than one mile underground. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$40.54, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Oil and Gas industry in the US. Total loss to shareholders of 32% over the past three years. Duyuru • Apr 03
Occidental Petroleum Corporation to Report Q1, 2025 Results on May 07, 2025 Occidental Petroleum Corporation announced that they will report Q1, 2025 results After-Market on May 07, 2025 Duyuru • Mar 21
Occidental Petroleum Corporation, Annual General Meeting, May 02, 2025 Occidental Petroleum Corporation, Annual General Meeting, May 02, 2025. Duyuru • Feb 25
Civitas Resources, Inc. (NYSE:CIVI) agreed to acquire 19,000 net acres Midland Basin Assets in Howard, Glasscock, and Upton Counties for $300 million. Civitas Resources, Inc. (NYSE:CIVI) agreed to acquire 19,000 net acres Midland Basin Assets in Howard, Glasscock, and Upton Counties for $300 million in early 2025. A cash consideration of $300 million will be paid by Civitas Resources, Inc. As part of consideration, $300 million is paid towards assets of 19,000 net acres Midland Basin Assets in Howard, Glasscock, and Upton Counties. Civitas Resources, Inc. plans to fund the purchase price through additional borrowings on its revolving credit facility. In February 2025, the Civitas Resources, Inc. amended its revolving credit facility to increase elected commitments from $2.2 billion to $2.5 billion.
Closing of the transaction is anticipated at the end of February 2025. Declared Dividend • Feb 21
Fourth quarter dividend of US$0.24 announced Shareholders will receive a dividend of US$0.24. Ex-date: 10th March 2025 Payment date: 15th April 2025 Dividend yield will be 1.8%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 19
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: US$2.44 (down from US$4.22 in FY 2023). Revenue: US$26.7b (down 5.4% from FY 2023). Net income: US$2.23b (down 41% from FY 2023). Profit margin: 8.3% (down from 13% in FY 2023). Oil reserves Proven reserves: 2135 MMbbls Gas reserves Proven reserves: 7443 Bcf LNG reserves Proven reserves: 1236 MMbbls Combined production Oil equivalent production: 484.72 MMboe (445.909 MMboe in FY 2023) Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 29%. Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Duyuru • Jan 03
Occidental Petroleum Corporation to Report Q4, 2024 Results on Feb 18, 2025 Occidental Petroleum Corporation announced that they will report Q4, 2024 results After-Market on Feb 18, 2025 Upcoming Dividend • Dec 03
Upcoming dividend of US$0.22 per share Eligible shareholders must have bought the stock before 10 December 2024. Payment date: 15 January 2025. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (3.8%). Reported Earnings • Nov 13
Third quarter 2024 earnings: EPS exceeds analyst expectations Third quarter 2024 results: EPS: US$1.03 (down from US$1.30 in 3Q 2023). Revenue: US$7.15b (flat on 3Q 2023). Net income: US$1.15b (flat on 3Q 2023). Profit margin: 16% (in line with 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 26%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.