Occidental Petroleum stock trades at USD 58.09 before Q3 results

Published on 10/07/2026 at 16:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Occidental Petroleum stock carries a USD 57.8 billion market value on October 7, 2026. Q2 revenue reached USD 8.33 billion before the November 9 results date.

Editoriale Finanzfotografie der New Yorker Börsenfassade mit Flaggen und Aktienkurs-Anzeigetafel — Occidental Petroleum US6745991058 gezeigt in einer Börsen-Editorial-Szene mit historischer NYSE-Fassade und leuchtenden Aktienkurs-Anzeigetafeln, Illustration mit AI erstellt.

Occidental Petroleum (ISIN US6745991058) was trading at USD 58.09 on the NYSE on October 7, 2026 at 10:33 a.m. ET, down 0.40 percent from the prior close of USD 58.33. The energy producer is now approaching its next results date, with the company scheduled to report third-quarter figures on November 9.

Q3 results arrive November 9

According to GlobeNewswire on October 1, 2026, Occidental will publish its Q3 2026 results after the market close on November 9 and hold a conference call on November 10 at 1:00 p.m. ET. The date gives investors a defined checkpoint for production, cash flow and debt reduction.

The latest reported quarter was Q2 2026. Markets Insider reported revenue of USD 8.33 billion and net profit of USD 2.98 billion for the quarter ended June 30, 2026, compared with revenue of USD 6.32 billion and net profit of USD 431 million a year earlier.

Q2 figures set a high bar

The Q2 revenue comparison puts the November release in a demanding position: Occidental must show whether the higher earnings base can persist beyond one quarter. The company also generated diluted GAAP earnings per share of USD 2.75 in Q2 2026, according to the reported financial data, while the adjusted figure cited by EasternEye was USD 2.40, compared with USD 0.26 a year earlier.

That distinction matters for the next earnings reaction because adjusted and GAAP results can tell different stories when commodity prices, asset sales and financing costs move together. EasternEye also reported Q2 production of 1.433 million barrels of oil equivalent per day and principal debt of USD 11.8 billion after a USD 1.9 billion reduction.

Consensus target remains above price

Analyst expectations still sit above the current quote. MarketBeat listed 11 Buy ratings and 16 Hold ratings, producing a Hold consensus and an average target of USD 65.54. The average target lies 12.8 percent above the USD 58.09 price, making the November figures important for testing that gap.

Occidental Petroleum stock was trading between USD 58.08 and USD 59.20 during the October 7 session. Its 52-week range was USD 38.72 to USD 67.45, while the market capitalization stood at USD 57.8 billion and volume reached 1,505,540 shares.