Share Occidental earnings show strong cash flow as debt falls to $10 billion
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Earnings results
Occidental PetroleumOXY · Oil & Gas E&P
OXY · November 9, 2026After close · Since the same-day regular close
+0.25%Session snapshot

Occidental earnings show strong cash flow as debt falls to $10 billion

Earnings results

  • EPS

    Adjusted profit per share: $1.91 · Consensus comparison not provided.

  • Revenue

    Net sales: $6.57 billion · Consensus comparison not provided.

  • Guidance

    Targets over $4 billion of additional annual sustainable cash flow by 2030.

By Stocks To Buy Now AI ResearchPublished

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Oil pumpjack in the Permian Basin
Illustrative photo of a pumpjack in the Permian Basin. Photo: Quintin Soloviev / Wikimedia Commons · CC BY 4.0 · Wikimedia-supplied thumbnail; displayed with a responsive crop.
THE CATALYST

What the company reported

Occidental cut principal debt to $10 billion as strong cash generation strengthened its balance sheet, even though quarterly profit eased from the previous quarter.

AT A GLANCE

Q3 2026 earnings recap

Occidental cut principal debt to $10 billion as strong cash generation strengthened its balance sheet, even though quarterly profit eased from the previous quarter.

  • Adjusted profit per share was $1.91, down from $2.4 in the second quarter, while accounting profit was $1.61 per share.
  • Net sales rose 19% from a year earlier to $6.57 billion, but fell from $8.07 billion in the previous quarter as realized oil prices weakened.
  • The company generated $2.78 billion of free cash flow before working-capital changes and repaid $1.8 billion of debt during the quarter.
  • Production averaged 1.43 million barrels of oil equivalent per day, above the midpoint of guidance as Permian and Rockies output offset Gulf disruptions.
  • Management aims to add more than $4 billion in annual sustainable cash flow by 2030, but lower oil prices could reduce money available for shareholder returns.
  • Shares were about 0.3% above the November 9 close after results, while the regular-session chart remained below its 20-day and 50-day averages.

The November 10 results call is the next opportunity to assess how reaching the debt milestone changes spending plans and future capital returns.

THE VISUAL RESEARCH

Financials, technicals and earnings

Charts through Nov 9, 2026.

Financials
Technicals
Earnings & peers
WHAT TO WATCH

Technical setup and risks

The November 9 close remains below both moving averages, with support around $55 and resistance at $60.5–63; oil prices and capital allocation will shape the next move.

AI-assisted earnings research with verified issuer results. Charts use the stated completed session. Educational information; investing involves risk.

EXPLORE COMPANY RESEARCH

Occidental Petroleum: the full stock picture

Earnings history, financials, price action and peer comparisons — all below.
Open OXY stock page ↗

EXPLORE THE COMPANY

Occidental Petroleum (OXY)

Explore earnings, price action, financials and industry comparisons.

Symbol
OXY
Sector
Energy
Industry
Oil & Gas E&P
Instrument type
EQUITY

Profile information from our saved company catalog. This is not a live quote or confirmation of current listing status.

EARNINGS & COMPANY RESEARCH

OXY earnings, valuation & price action

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Expected dates may change. Estimates use the source’s reporting currency. Quotes and research are snapshots, not live prices.

COMPANY RESEARCH · Energy

Occidental Petroleum Corporation OXY

Oil & Gas Exploration & Production · Updated 11/10/2026

Adjusted closing price · USD55.76 Nov 9
38475767Nov 6May 11Nov 9
Price50-day average200-day average+41.1% in view
VALUATION & EXPECTATIONS
Trailing P/E8.5×
Forward P/E8.1×
Trailing P/S2.2×
Forward P/S2.0×
EPS beat rate100%
Revenue beat rate38%
Positive window88%

EPS beats: 8 of 8 comparable reports. Positive price windows: 7 of 8.

Market caps may be up to 14 days old; prices up to seven days old; ratios and analyst estimates up to fourteen days old. Forward multiples use consensus for the fiscal year ending 2026-12-31, not the next 12 months. Negative or unavailable earnings multiples show “N/A”. Forward ADR multiples are omitted when the currency/share basis is not reconciled.

50-day average59.95
200-day average56.15
RSI (14)32
20-day range56.36 – 64.17
Relative volume1.2×
1-year change+41.1%
Last eight reported earnings for OXY
Report dateEPS estimateEPS actualSurpriseResultRevenue actualPrice window*5 sessions*
Aug 5 20261.832.40+31.1%Beat8.07B+1.7%+6.3%
May 5 20260.601.06+76.4%Beat5.23B-8.7%-6.6%
Feb 18 20260.160.31+88.0%Beat5.11B+12.2%+10.9%
Nov 10 20250.510.64+25.0%Beat6.62B+1.3%+0.9%
Aug 6 20250.300.39+31.2%Beat6.41B+1.2%+3.9%
May 7 20250.780.87+11.1%Beat6.8B+5.5%+11.6%
Feb 18 20250.680.80+18.2%Beat6.76B+6.1%+1.7%
Nov 12 20240.741.00+35.1%Beat7.17B+0.6%-0.6%

*Adjusted close before the report date to the first (or fifth) trading close after it. This window can span two sessions and is not an isolated earnings-day return. Figures may be revised by the provider.

Smart Money activity

Recent insider and politician transactions, and disclosed fund positions for OXY.

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More OXY research Data,

OXY earnings previews and market catalysts

This Week’s Market Forecast: Your Day-by-Day Outlook (November 9–13, 2026 | U.S. Eastern Time)
2026-11-08 · Tuesday’s CPI and Friday’s producer prices test the inflation outlook. Cisco and Applied Materials earnings put AI spending in focus: watch whether demand is translating into profitable growth.

Occidental earnings preview for November 9, 2026: Can oil cash flow cut debt further?
2026-11-05 · Occidental reports after the close on November 9. Production, realized oil prices and capital spending will help explain how much cash it can put toward debt.

All upcoming earnings catalysts →

02 / FINANCIALS

Occidental Petroleum financials

Revenue, earnings, cash flow and financial strength in one view.

Reporting currency unconfirmed.

Revenue
Net income
Gross profit
Operating income
EBITDA
Operating cash flow
Capital expenditure
Cash
Total assets
Total liabilities
Shareholder equity
Total debt
Net profit margin
Gross margin
Short interest: days to cover
How to read these financial metrics

Figures use the app’s saved statements for the displayed period, not a trailing-year total. Margins divide profit by revenue; quick ratio uses current assets less inventory divided by current liabilities. Compare dates and currencies before comparing companies.

03 / WHAT COMES NEXT

Occidental Petroleum event catalysts

Company earnings and scheduled market events that may change expectations.

2026-11-108:30 AM ET

CPI inflation

Compare headline and core inflation with expectations; watch Treasury yields and growth stocks.

Release schedule ↗Scheduled
2026-11-11Time not announced

MSCI · index review announcement

Review official additions, deletions and weight changes; release time is not specified here.

Release schedule ↗Scheduled
2026-11-128:30 AM ET

Initial jobless claims

Use the multiweek trend to distinguish normal volatility from a sustained increase in layoffs.

Release schedule ↗Scheduled
2026-11-138:30 AM ET

PPI inflation

Watch the surprise versus expectations and implications for margins and interest rates.

Release schedule ↗Scheduled
2026-11-13Time not announced

Russell · preliminary additions/deletions

Check the official lists. Preliminary changes can be revised.

Release schedule ↗Scheduled
2026-11-16Filing deadline · ET date

13F filing deadline · Q3 holdings

Filings may arrive earlier and positions can have changed. A filing is not a new trade or a guarantee of buying pressure.

Release schedule ↗Scheduled
2026-11-178:30 AM ET

Retail sales

Look beyond autos and gasoline; stronger spending can help earnings but also keep yields elevated.

Release schedule ↗Scheduled
2026-11-179:15 AM ET

Industrial production

Check factory output and utilization for changes in cyclical demand.

Release schedule ↗Scheduled

Dates use U.S. Eastern time and can change. Calendar events provide context; they do not determine the direction of a stock move.

04 / SIDE BY SIDE

Compare OXY with its peers

Oil & Gas Exploration & Production · Compare valuation, financial strength and price performance.

Companies with valuation data7
Peer median positive P/E10.7×
OXY P/E8.5×
OXY peer comparison: valuation
CompanyPriceMarket capP/EForward P/EP/SForward P/S
OXYOccidental Petroleum2026-11-09 · USD55.7656.34B8.5×8.1×2.2×2.0×
APAAPA Corporation2026-11-06 · USD44.6315.23B7.0×6.6×1.6×1.6×
CHRDChord Energy Corporation2026-11-09 · USD137.497.45B8.5×5.9×1.1×1.0×
CNQCanadian Natural Resources Limited2026-11-09 · USD48.04100.85B12.1×10.4×3.0×1.9×
COPConocoPhillips2026-11-09 · USD134.47162.66B14.2×11.7×2.4×2.2×
DVNDevon Energy Corporation2026-11-09 · USD42.4046.43B10.0×7.7×2.1×1.8×
EOGEOG Resources, Inc.2026-11-06 · USD147.1377.14B11.4×8.2×2.9×2.7×
OXY8.5×
APA7.0×
CHRD8.5×
CNQ12.1×
COP14.2×
DVN10.0×
EOG11.4×

The peer median excludes the selected stock and is based on 6 available positive multiples. P/E median excludes negative or missing earnings multiples. Peer reports can have different fiscal periods and currencies; values are not currency-converted.

05 / PEER ANALYSIS

Explore OXY alongside its peers

Oil & Gas E&P · 8 companies · Cached market data

Comparison

Compare companies

Tap a bubble to inspect a company, then × to hide it. Undo restores the last company hidden. Bubble area reflects market cap, with a minimum size for visibility.

Price / sales
1.1×01.9×60.12B2.7×120.24B3.5×180.35BCOP · ConocoPhillips Market cap: 162.66B Price / sales: 2.4×CNQ · Canadian Natural Resources Limi Market cap: 100.85B Price / sales: 3.0×EOG · EOG Resources Market cap: 77.14B Price / sales: 2.9×FANG · Diamondback Energy Market cap: 51.64B Price / sales: 2.8×APA · APA Market cap: 15.23B Price / sales: 1.6×OXY · Occidental Petroleum Corporation Market cap: 56.34B Price / sales: 2.2×Hide OXY · Undo restores itMarket cap
OXYOccidental Petroleum Corporation

Market cap: 56.34B
Price / sales: 2.2×

Valuation snapshot: 2026-11-09
View research ↗
6 of 8 companies have both plotted values.

P/S distribution

Trailing price-to-sales multiples · 6 companies

Median P/S2.6×
Middle 50%2.3× to 2.9×
OXY P/S2.2×
OXY
1.4×3.1×

Tap a bar to see the companies in that P/S range. OXY has a higher P/S than 17% of this group.

2 companies excluded from P/S statistics because sales are non-positive or the saved multiple is missing. Statistics include all valid positive values, including those outside the focused chart range.

Companies

Showing 8 of 8 matching companies · Largest market cap first

  • Market cap 162.66BP/E 14.2×P/S 2.4×Forward P/E Forward P/S Price snapshot: 2026-11-09
    ↗
  • Market cap 100.85BP/E 12.1×P/S 3.0×Forward P/E Forward P/S Price snapshot: 2026-11-09
    ↗
  • Market cap 77.14BP/E 11.4×P/S 2.9×Forward P/E Forward P/S Price snapshot: 2026-11-06
    ↗
  • Market cap 56.34BP/E 8.5×P/S 2.2×Forward P/E Forward P/S Price snapshot: 2026-11-09
    ↗
  • Market cap 51.64BP/E 25.2×P/S 2.8×Forward P/E Forward P/S Price snapshot: 2026-11-06
    ↗
  • Market cap 15.23BP/E 7.0×P/S 1.6×Forward P/E Forward P/S Price snapshot: 2026-11-06
    ↗
  • Market cap 3.94BP/E P/S Forward P/E Forward P/S Catalog snapshot
    ↗
  • Market cap 3.77BP/E P/S Forward P/E Forward P/S Catalog snapshot
    ↗

Explore industries

Open an industry for its comparison, valuation and companies.

U.S.-listed companies from the app’s catalog. Medians use saved positive P/E values; coverage and snapshot dates vary.

How this comparison works

Uses the saved companies from the same industry and listing market, including OXY, ordered by cached market cap. Company snapshots can have different dates; the web cache may cover fewer metrics and periods than the app.

Periods end at each company’s dated price snapshot. Change compares the latest saved observation with one at or before the selected period’s start. A daily price change uses consecutive saved sessions. Financial data updates quarterly, so short periods may show no change. Missing history and zero starting values are excluded; a negative starting value uses its absolute value as the denominator.

Metrics use saved ratios and percentages. Market caps use the listing market’s reporting currency; underlying financial statements may use different currencies. Circle sizes have a minimum for touch visibility, and an outlined circle indicates a missing market cap. These comparisons describe data, not recommendations or price predictions.

Related research

Company research, movers, earnings and options results.

INDUSTRY COMPARISON

OXY industry peers

Oil & Gas E&P · Oct 16, 2026 · Closing-price performance

No industry peers are available in the current heatmap coverage.