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Occidental Petroleum Corporation (OXY) delivered strong fourth-quarter 2025 results, surpassing analyst expectations with adjusted earnings per share (EPS) of $0.31, a 67% beat over the consensus estimate of $0.18. This performance was driven by higher-than-expected production of 1,481 thousand barrels of oil equivalent per day (Mboed), lower lease operating expenses, and robust midstream and marketing pre-tax income. The company reported year-end proved reserves of 4.6 billion barrels of oil equivalent (BOE), achieving an organic reserves replacement ratio of 107%. CEO Vicki Hollub attributed these results to operational focus and cost efficiency, while analysts highlighted capital-efficient guidance for 2026 and reduced capital expenditure plans, which were 12% below Street expectations. Occidental also strengthened its balance sheet by reducing debt by $5.8 billion since mid-December 2025, bringing principal debt down to $15 billion. Looking ahead, Occidental’s 2026 oil volume guidance is expected to be 1%-2% below consensus, reflecting a cautious approach amid macroeconomic uncertainties. The company further streamlined operations by completing the sale of its chemical business, OxyChem, to Berkshire Hathaway on January 2, 2026. Despite conservative guidance, the fourth-quarter results showcased operational excellence, cost management, and financial improvements, positioning the company for continued resilience and efficiency in the coming year.
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Occidental Petroleum Stock Is Volatile Thursday: What's Driving The Action?

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About OXY

Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2024, the company reported net proved reserves of 4.6 billion barrels of oil ... Read more

Ways to trade options* on OXY

Bullish Option Strategy: Long Calls

Traders buy a single call option on a stock or ETF. This strategy can benefit from a price increase while risking more capital than a spread.

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