$Occidental(OXY)$ Recent news for
Occidental (OXY)
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The most important recent development is the company’s preliminary 2026Q3 operating update: Occidental reported that crude-oil collar-option settlements reduced operating cash flow before working-capital changes by USD 94 million. That is a modest negative for quarterly cash generation, despite strong realised oil prices.
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Production: Occidental expects Gulf of America net sales of 1.1 million barrels of oil equivalent per day for 2026Q3.
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Realised pricing: Average realised oil prices were about USD 85.91 per barrel globally in 2026Q3, with USD 85.93 per barrel in the US and USD 85.80 per barrel internationally. Brent averaged USD 91.62 per barrel during the quarter.
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Next earnings catalyst: Occidental is scheduled to release 2026Q3 results after the US market close on 2026-11-09 , followed by its conference call on 2026-11-10 .
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Analyst activity: HSBC lifted its price target to USD 75 from USD 69 on 2026-10-14. Goldman Sachs recently upgraded the shares to Buy and raised its target to USD 69 from USD 63; BMO raised its target to USD 68 while retaining a Market Perform rating.
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Read-through: The operating update suggests a generally supportive realised-price backdrop and solid expected volumes, but the collar settlement is a direct headwind to cash flow. The November earnings release should clarify whether production, operating costs, and cash flow offset that hedge-related drag.
Risk notes: Oil-price volatility remains the central driver of OXY’s earnings and cash flow. In addition, hedging can reduce upside or create cash-flow variability even when realised commodity prices are favourable.
Information is for reference only and does not constitute investment advice.| Side | Price | Filled | Realized P&L |
|---|
| Buy Open | 61.23 0 | +1.36% Holding |
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