Analyst Consensus ?
ConsensusHold49 ratings
Bullish2551.0%
Neutral2244.9%
Bearish24.1%
Occidental Petroleum Corporation · OXY · FY2025 Q2 · Calendar Q3 2025
Oxy Reports Strong Cash Flow, Debt Reduction and Mixed Segment Guidance
The supplied analysis supports a constructive operating assessment for this quarter: stronger cash flow, substantial debt repayment, lower costs, and progress on STRATOS were offset partly by OxyChem weakness and execution risks around DAC, infrastructure, and asset divestitures.
Reported After market closeNYSEEnergy
$59.79B market cap
90quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.39
Consensus $0.30
EPS surprise
+31.2%
Reported versus consensus
Reported revenue
$6.32B
Consensus $6.38B
Revenue surprise
-1.0%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+2.5%
Event window
SPY move
-0.1%
Same window
Abnormal move
+2.6%
Stock minus SPY
Volume
1.8×
Versus trailing sessions
Subsequent drift
+5.3%
Up to 20 sessions
OXYSPY benchmark
Ask FN2 about OXY FY2025 Q2
Transcript, numbers and history already loaded
Why did OXY rise 2.5% after beating EPS estimates in FY2025 Q2?What changed in OXY's guidance and outlook in FY2025 Q2?Give me the bull and bear case for OXY after FY2025 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The supplied analysis indicates that Oxy reduced debt by $7.5 billion, cut capital guidance by $100 million, lowered per-barrel costs to $8.55, and moved STRATOS into wet commissioning. Midstream & Marketing guidance was raised, while OxyChem guidance was lowered amid PVC and caustic oversupply.
Guidance delta
Management guidance sentiment was raised: Midstream & Marketing guidance increased, while OxyChem guidance was lowered because of PVC and caustic oversupply; capital guidance was trimmed by $100 million.
Key takeaways
- The supplied analysis describes $2.6 billion of operating cash flow and $7.5 billion of debt repayment.
- Production of 1.4 million BOE/d exceeded the midpoint of guidance, while per-barrel cost fell to $8.55.
- STRATOS moved into wet commissioning; management also highlighted lower capital guidance and potential tax benefits.
- The operating picture was mixed: Midstream & Marketing outperformed guidance, while OxyChem faced oversupply pressure.
Management priorities
- Advance STRATOS commercial startup and evaluate a second South Texas DAC plant.
- Continue debt reduction and consider share repurchases.
- Direct capital toward low-decline, high-margin water-flood and EOR projects.
- Continue cost-efficiency programs across the Permian, Midland, and Delaware basins.
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Miss
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Analyst 52W Price Targets
$60.11Current
$24Low
$61.79Average
$86High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 10, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Goldman Sachs | Buy | Neutral | Upgrade | Oct 1, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Sep 14, 2026 |
| UBS | Neutral | Neutral | Maintain | Sep 14, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Sep 11, 2026 |
| Barclays | Overweight | Overweight | Maintain | Aug 17, 2026 |
| Susquehanna | Positive | Positive | Maintain | Aug 11, 2026 |
| Truist Securities | Hold | Hold | Maintain | Aug 10, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Jul 17, 2026 |
| Stephens & Co. | Overweight | Overweight | Maintain | Jul 14, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Jun 29, 2026 |
| Mizuho | Outperform | Outperform | Maintain | May 27, 2026 |
| Scotiabank | Sector Perform | Sector Perform | Maintain | Apr 22, 2026 |
| JP Morgan | Neutral | Underweight | Upgrade | Mar 20, 2026 |
| HSBC | Buy | Buy | Maintain | Mar 20, 2026 |
| Piper Sandler | Overweight | Neutral | Upgrade | Mar 12, 2026 |
| BMO Capital | Market Perform | Market Perform | Maintain | Feb 23, 2026 |
| B of A Securities | Neutral | Neutral | Maintain | Dec 11, 2025 |
| Roth Capital | Neutral | Neutral | Maintain | Oct 2, 2025 |
| TD Cowen | Hold | Buy | Downgrade | Apr 8, 2025 |
| Raymond James | Outperform | Strong Buy | Downgrade | Mar 10, 2025 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Nov 10, 2023 |
| Roth MKM | Neutral | Neutral | Maintain | Sep 12, 2023 |
| Credit Suisse | Underperform | Underperform | Maintain | Nov 9, 2022 |
| Tudor Pickering | Hold | Buy | Downgrade | Aug 19, 2022 |
| Stifel | Buy | Buy | Maintain | Apr 6, 2022 |
| MKM Partners | Buy | Buy | Maintain | Mar 1, 2022 |
| Societe Generale | Buy | Buy | Maintain | Jan 4, 2022 |
| SunTrust Robinson Humphrey | Buy | Hold | Upgrade | Jun 19, 2020 |
| Jefferies | Underperform | Hold | Downgrade | Mar 16, 2020 |
| Argus Research | Hold | Buy | Downgrade | May 16, 2019 |
| Atlantic Equities | Neutral | Overweight | Downgrade | Apr 25, 2019 |
| Keybanc | Overweight | Overweight | Maintain | Apr 22, 2019 |
| Oppenheimer | Perform | Perform | Maintain | Mar 27, 2019 |
| Edward Jones | Buy | Hold | Upgrade | Sep 18, 2018 |
| Bank of America | Buy | Buy | Maintain | Aug 17, 2018 |
| Argus | Buy | Buy | Maintain | May 5, 2018 |
| PiperJaffray | Overweight | Neutral | Upgrade | Apr 16, 2018 |
| Deutsche Bank | Buy | Hold | Upgrade | Mar 23, 2018 |
| Mizuho Securities | Buy | Buy | Maintain | Oct 6, 2016 |
| GMP Securities | Buy | Buy | Maintain | Feb 3, 2016 |
| iBERIA Capital Partners | Sector Perform | Outperform | Downgrade | Dec 17, 2015 |
| Sterne Agee | Buy | Neutral | Upgrade | Dec 15, 2014 |
| Simmons & Co. | Neutral | Overweight | Downgrade | Aug 13, 2014 |
| Seaport Global | Neutral | Neutral | Maintain | Apr 23, 2014 |
| Scotia Howard Weil | Sector Perform | Sector Outperform | Downgrade | Jan 8, 2014 |
| Guggenheim | Buy | Buy | Maintain | Sep 12, 2013 |
| Standpoint Research | Hold | Buy | Downgrade | May 3, 2013 |
| Dahlman Rose | Buy | Buy | Maintain | Dec 11, 2012 |
| Macquarie | Neutral | Outperform | Downgrade | Oct 26, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $60.11. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Goldman Sachs | Neil Mehta | $69 | $55.32 | +14.8% | Oct 1, 2026 |
| Wells Fargo | Analyst unavailable | $82 | $61.46 | +36.4% | Sep 14, 2026 |
| UBS | Josh Silverstein | $67 | $61.46 | +11.5% | Sep 14, 2026 |
| Evercore ISI | Stephen Richardson | $70 | $61.24 | +16.5% | Sep 11, 2026 |
| Seaport Global | Analyst unavailable | $73 | $60.91 | +21.4% | Sep 3, 2026 |
| Barclays | Betty Jiang | $71 | $58.36 | +18.1% | Aug 17, 2026 |
| Truist Financial | Gabe Daoud | $63 | $57.98 | +4.8% | Aug 10, 2026 |
| Morgan Stanley | Analyst unavailable | $69 | $56.06 | +14.8% | Aug 7, 2026 |
| Wells Fargo | Analyst unavailable | $79 | $56.04 | +31.4% | Aug 7, 2026 |
| Barclays | Analyst unavailable | $75 | $53.81 | +24.8% | Aug 6, 2026 |
| Evercore ISI | Analyst unavailable | $65 | $51.68 | +8.1% | Jul 8, 2026 |
| Morgan Stanley | Analyst unavailable | $68 | $49.99 | +13.1% | Jun 29, 2026 |
| Mizuho Securities | Analyst unavailable | $75 | $57.46 | +24.8% | May 27, 2026 |
| Barclays | Betty Jiang | $72 | $58.81 | +19.8% | May 26, 2026 |
| Goldman Sachs | Analyst unavailable | $64 | $58.87 | +6.5% | May 20, 2026 |
| Truist Financial | Analyst unavailable | $57 | $54.02 | -5.2% | May 8, 2026 |
| UBS | Analyst unavailable | $65 | $53.69 | +8.1% | May 7, 2026 |
| Raymond James | Analyst unavailable | $75 | $59.24 | +24.8% | May 4, 2026 |
| Wells Fargo | Sam Margolin | $72 | $58.53 | +19.8% | Apr 9, 2026 |
| Wells Fargo | Roger Read | $69 | $55.58 | +14.8% | Mar 12, 2026 |
| Piper Sandler | Mark Lear | $66 | $55.58 | +9.8% | Mar 12, 2026 |
| BMO Capital | Analyst unavailable | $60 | $52.98 | -0.2% | Feb 23, 2026 |
| Barclays | Analyst unavailable | $55 | $51.23 | -8.5% | Feb 20, 2026 |
| Susquehanna | Charles Minervino | $60 | $51.76 | -0.2% | Feb 20, 2026 |
| UBS | Analyst unavailable | $49 | $51.78 | -18.5% | Feb 20, 2026 |
| Morgan Stanley | Devin McDermott | $53 | $52.12 | -11.8% | Feb 20, 2026 |
| Roth Capital | Analyst unavailable | $45 | $51.53 | -25.1% | Feb 19, 2026 |
| Mizuho Securities | Analyst unavailable | $67 | $47.11 | +11.5% | Feb 19, 2026 |
| Susquehanna | Charles Minervino | $51 | $43.93 | -15.2% | Jan 26, 2026 |
| Scotiabank | Analyst unavailable | $46 | $42.8 | -23.5% | Jan 16, 2026 |
| UBS | Analyst unavailable | $43 | $41.02 | -28.5% | Dec 12, 2025 |
| Raymond James | John Freeman | $50 | $41.43 | -16.8% | Nov 25, 2025 |
| Morgan Stanley | Devin McDermott | $51 | $41.44 | -15.2% | Nov 20, 2025 |
| Piper Sandler | Mark Lear | $46 | $42.52 | -23.5% | Nov 18, 2025 |
| Mizuho Securities | Nitin Kumar | $64 | $41.8 | +6.5% | Nov 11, 2025 |
| Piper Sandler | Ryan Todd | $47 | $40.94 | -21.8% | Oct 21, 2025 |
| Susquehanna | Analyst unavailable | $55 | $40.9 | -8.5% | Oct 20, 2025 |
| Scotiabank | Paul Cheng | $47 | $44.7 | -21.8% | Oct 9, 2025 |
| Evercore ISI | Analyst unavailable | $38 | $44.23 | -36.8% | Oct 3, 2025 |
| UBS | Analyst unavailable | $45 | $44.23 | -25.1% | Oct 3, 2025 |
| Mizuho Securities | Analyst unavailable | $60 | $44.23 | -0.2% | Oct 3, 2025 |
| HSBC | Analyst unavailable | $55 | $44.23 | -8.5% | Oct 3, 2025 |
| Roth Capital | Analyst unavailable | $46 | $47.72 | -23.5% | Oct 2, 2025 |
| Barclays | Betty Jiang | $48 | $47.47 | -20.1% | Sep 29, 2025 |
| Mizuho Securities | Nitin Kumar | $58 | $45.47 | -3.5% | Sep 15, 2025 |
| UBS | Analyst unavailable | $46 | $45.67 | -23.5% | Sep 15, 2025 |
| Scotiabank | Paul Cheng | $45 | $46.31 | -25.1% | Jul 11, 2025 |
| Piper Sandler | Analyst unavailable | $48 | $39.97 | -20.1% | Apr 22, 2025 |
| Morgan Stanley | Devin McDermott | $58 | $50.04 | -3.5% | Mar 26, 2025 |
| Roth Capital | Leo Mariani | $54 | $50.34 | -10.2% | Jan 23, 2025 |
| Piper Sandler | Ryan Todd | $51 | $48.05 | -15.2% | Dec 19, 2024 |
| Susquehanna | Biju Perincheril | $77 | $51.72 | +28.1% | Oct 18, 2024 |
| Bank of America Securities | Jean Ann Salisbury | $57 | $51.26 | -5.2% | Oct 17, 2024 |
| Mizuho Securities | Nitin Kumar | $72 | $51.56 | +19.8% | Oct 16, 2024 |
| Scotiabank | Paul Cheng | $65 | $53.9 | +8.1% | Oct 10, 2024 |
| Barclays | Betty Jiang | $58 | $53.25 | -3.5% | Oct 2, 2024 |
| Barclays | Betty Jiang | $67 | $57.61 | +11.5% | Aug 18, 2024 |
| Stephens | Mike Scialla | $76 | $61.21 | +26.4% | Jul 22, 2024 |
| Truist Financial | Neal Dingmann | $67 | $61.21 | +11.5% | Jul 22, 2024 |
| Scotiabank | Paul Cheng | $80 | $61.48 | +33.1% | Jul 12, 2024 |
| Truist Financial | Neal Dingmann | $69 | $63.38 | +14.8% | May 16, 2024 |
| Mizuho Securities | Nitin Kumar | $70 | $68.94 | +16.5% | Apr 11, 2024 |
| Scotiabank | Paul Cheng | $90 | $68.94 | +49.7% | Apr 11, 2024 |
| Wells Fargo | Roger Read | $70 | $68.94 | +16.5% | Apr 10, 2024 |
| Barclays | Analyst unavailable | $73 | $68.55 | +21.4% | Apr 9, 2024 |
| HSBC | Samantha Hoh | $65 | $69.25 | +8.1% | Apr 8, 2024 |
| Morgan Stanley | Devin McDermott | $72 | $64.5 | +19.8% | Mar 28, 2024 |
| Mizuho Securities | Nitin Kumar | $69 | $63.81 | +14.8% | Mar 22, 2024 |
| Roth Capital | Roth MKM Ratings | $60 | $64.07 | -0.2% | Aug 21, 2023 |
| Truist Financial | Neal Dingmann | $80 | $62.55 | +33.1% | Aug 16, 2023 |
| Stephens | Mike Scialla | $69 | $60.22 | +14.8% | Jul 18, 2023 |
| Wells Fargo | Analyst unavailable | $67 | $63.73 | +11.5% | Jan 10, 2023 |
| Piper Sandler | Analyst unavailable | $69 | $62.53 | +14.8% | Dec 19, 2022 |
| Morgan Stanley | Analyst unavailable | $76 | $67.26 | +26.4% | Sep 6, 2022 |
| Wells Fargo | Analyst unavailable | $59 | $60.99 | -1.8% | Aug 4, 2022 |
| Barclays | Jeanine Wai | $79 | $62.95 | +31.4% | Jul 28, 2022 |
| Truist Financial | Analyst unavailable | $105 | $60.99 | +74.7% | Jul 19, 2022 |
| Mizuho Securities | Analyst unavailable | $84 | $60.86 | +39.7% | Jul 19, 2022 |
| Goldman Sachs | Neil Mehta | $70 | $59.52 | +16.5% | Jul 11, 2022 |
| Morgan Stanley | Analyst unavailable | $74 | $55.68 | +23.1% | Jun 21, 2022 |
| Morgan Stanley | Analyst unavailable | $73 | $70.29 | +21.4% | Jun 6, 2022 |
| Mizuho Securities | Analyst unavailable | $89 | $73.35 | +48.1% | May 31, 2022 |
| Capital One Financial | Richard Tullis | $85 | $63.26 | +41.4% | May 23, 2022 |
| Wells Fargo | Analyst unavailable | $58 | $60.1 | -3.5% | May 12, 2022 |
| Stifel Nicolaus | Michael Scialla | $86 | $60.1 | +43.1% | May 12, 2022 |
| Susquehanna | Biju Perincheril | $71 | $57.03 | +18.1% | Apr 28, 2022 |
| Truist Financial | Neal Dingmann | $86 | $54.82 | +43.1% | Apr 26, 2022 |
| Raymond James | Analyst unavailable | $90 | $56.62 | +49.7% | Apr 25, 2022 |
| Morgan Stanley | Analyst unavailable | $70 | $57 | +16.5% | Apr 22, 2022 |
| Barclays | Analyst unavailable | $74 | $58.31 | +23.1% | Apr 22, 2022 |
| Piper Sandler | Ryan Todd | $88 | $57.92 | +46.4% | Apr 11, 2022 |
| Stifel Nicolaus | Michael Scialia | $84 | $61.8 | +39.7% | Apr 10, 2022 |
| Jefferies | Giacomo Romeo | $63 | $56.1 | +4.8% | Apr 6, 2022 |
| Mizuho Securities | Vincent Lovaglio | $85 | $58.11 | +41.4% | Apr 3, 2022 |
| Raymond James | John Freeman | $85 | $57.48 | +41.4% | Mar 30, 2022 |
| BMO Capital | Phillip Jungwirth | $52 | $56.64 | -13.5% | Mar 28, 2022 |
| Morgan Stanley | Devin McDermott | $52 | $55.59 | -13.5% | Mar 14, 2022 |
| Wells Fargo | Roger Read | $51 | $57.95 | -15.2% | Mar 11, 2022 |
| J.P. Morgan | Phil Gresh | $66 | $57.95 | +9.8% | Mar 11, 2022 |
| Bank of America Securities | Doug Leggate | $80 | $58.13 | +33.1% | Mar 10, 2022 |
| Scotiabank | Paul Cheng | $57 | $54.47 | -5.2% | Mar 8, 2022 |
| Susquehanna | Biju Perincheril | $52 | $46.68 | -13.5% | Mar 1, 2022 |
| MKM Partners | John Gerdes | $50 | $46.68 | -16.8% | Mar 1, 2022 |
| Morgan Stanley | Devin McDermott | $50 | $36.77 | -16.8% | Jan 25, 2022 |
| Citigroup | Scott Gruber | $40 | $36.68 | -33.5% | Jan 25, 2022 |
| Societe Generale | Raphael Dubois | $43 | $33.3 | -28.5% | Jan 4, 2022 |
| Wolfe Research | Josh Silverstein | $42 | $28.67 | -30.1% | Dec 14, 2021 |
| Credit Suisse | William Janela | $28 | $33.33 | -53.4% | Nov 5, 2021 |
| Cowen & Co. | David Deckelbaum | $35 | $32.19 | -41.8% | Oct 13, 2021 |
| UBS | Lloyd Byrne | $24 | $31.17 | -60.1% | Jun 30, 2021 |
| Goldman Sachs | Neil Mehta | $31 | $25.98 | -48.4% | May 27, 2021 |
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Start freeCompany context
Snapshot as of publicationOccidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. It operates through Oil and Gas and Midstream and Marketing. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. This segment also optimizes its transportation and storage capacity and invests in entities. The Midstream and Marketing segment purchases, markets, gathers, processes, transports and stores oil, condensate, NGLs, natural gas, carbon dioxide, and power. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas.
Historical context
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-10T05:10:43.140513+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-10T05:10:43.137552+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-10. For educational purposes only; not investment advice.