Occidental Petroleum (OXY) Gains Following Q4 2025 Report
The share price of Occidental Petroleum Corporation (NYSE:OXY) surged by 12.52% between February 13 and February 20, 2026, putting it among the Energy Stocks that Gained the Most This Week.
Occidental Petroleum Corporation (NYSE:OXY) is an independent exploration and production company with assets primarily in the United States, the Middle East, Africa, and Latin America.
Occidental Petroleum Corporation (NYSE:OXY) reported better-than-expected results for its Q4 2025 on February 19, with adjusted earnings of $0.31, beating estimates by $0.13, driven by the strong performance of its midstream unit. The company’s midstream business reported a pre-tax income of $204 million, compared to a loss of $123 million in the same period in 2024.
However, Occidental had to deal with a tough market, as its realized oil prices came in at $59.22 per barrel in Q4, down from $69.73 a year earlier. That said, the company’s production rose slightly to 1.48 MMboepd, exceeding the high end of its guidance.
Notably, Occidental Petroleum Corporation (NYSE:OXY) managed to bolster its balance sheet with the completion of the OxyChem sale on January 2, 2026. This helped the Warren Buffett-backed company to reduce its debt by $5.8 billion since mid-December 2025 and bring its total debt load down to $15 billion. It is worth noting that Occidental had been struggling with massive debt obligations following its $55 billion acquisition of Anadarko Petroleum in 2019 and its $12 billion purchase of CrownRock last year.
Occidental Petroleum Corporation (NYSE:OXY) also grew its quarterly dividend by more than 8% to $0.26 per share, payable on April 15, to stockholders of record as of March 10, 2026.
Occidental Petroleum Corporation (NYSE:OXY) is targeting its production to average between 1.42 MMboepd and 1.48 MMboepd in 2026, with capital spending in the range of $5.5 billion to $5.9 billion. The company is also aiming to improve its free cash flow by more than $1.2 billion in 2026.
Occidental Petroleum Corporation (NYSE:OXY) garnered significant positive attention following its impressive Q4 report, with analysts from Roth Capital, Morgan Stanley, UBS, Susquehanna, and Barclays raising their price targets on the stock.
Occidental Petroleum Corporation (NYSE:OXY) was recently included among the
Disclosure: None.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Microsoft (MSFT.US) 365 services experience second major outage this year, affecting multiple government agencies and enterprises worldwide
Despite a "partial recovery," the latest Microsoft service outage continued into Asia-Pacific business hours.
Nvidia (NVDA.US) New CEO Candidates and Market Predictions: Trump Nominates Cook as Successor
As the successor remains uncertain, external voices have already begun to "make choices" for Nvidia.
Safe haven halo fails? US Treasury sell-off returns, Wall Street just breathed a sigh of relief and is startled again
Just as global bond investors began to believe that the worst phase of this year's sell-off had passed, the surge in U.S. Treasury yields has forced them to reassess that judgment.
Before the Jensen Huang scandal broke out, the Quant King precisely cleared out Nvidia!
The latest 13F filing shows that quantitative giant Renaissance Technologies almost completely sold off its holdings in Nvidia (reduced by 99.7%), Meta (reduced by 99.9%), as well as other tech giants like Apple and Amazon in the third quarter, and significantly reduced its position in Palantir. At the same time, it heavily increased its holdings in Micron Technology (up by 618.7%), AMD, and SanDisk, as well as other storage and chip stocks.
Crypto prices
More
