Occidental Petroleum Corporatio (OXY) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- $2.40
- Estimate
- $1.85
- Surprise
- +29.8%
- Revenue (period 2026-06-30)
- $7.05B
- Score at report (before → after)
- 5.2 → 5.1/10
Revenue source: xbrl.
How the report landed
Occidental Petroleum Corporatio (OXY) beat the $1.85 estimate with adjusted EPS of $2.40 — a large 29.8% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.2/10) to Sell at 5.1/10 after the report — the engine's score fell despite the beat.
Where TrendMatrix's rating stands now
TrendMatrix currently rates OXY Buy (Wait) at 7.0/10.
4 of the last 4 quarters beat the estimate; this quarter's +29.8% surprise compares with a +54.0% four-quarter average. Next scheduled report: 2026-11-09.
What supports the rating
- V7 quality resilience bonus: +0.2 (Q=7.1 in RISK_OFF)
- Sector modifier (Energy): +1.2
What argues against it
- Analyst target reached - limited upside remaining
- Target reached (1.6% upside)
- Reward/Risk 0.1:1 at current price — below 1.5:1 minimum
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $61.41
- Entry target
- $55.50
- Price target
- $62.39
- Stop
- $53.12
- Upside to target
- +1.6%
- Reward-to-risk
- 0.1:1
The stock trades at 17.5× trailing but 13.7× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-10-15 — shown for context, not personalized investment advice.
OXY at TrendMatrix's latest read
Energy results are commodity-price arithmetic first; the operational beat or miss is read net of what the strip already told the market.
- Industry
- Oil & Gas E&P
- Market cap
- $61.39B
- P/E (fwd)
- 13.7
- P/E (ttm)
- 17.5
- 52-week range
- $38.80–$67.45
- Off 52-week high
- 9.0%
- RSI (14)
- 66
- Volume vs avg
- 0.94×
- Score today
- 7.0/10