Occidental Petroleum scheduled to release Q3 earnings

Occidental Petroleum Corporation is set to announce its third-quarter 2026 financial results on November 9 after the market closes. Analysts have established a consensus estimate of $1.43 per share on revenues of $6.73 billion.

Market expectations suggest a year-over-year revenue increase of 0.3%. This follows a previous quarter where the company reported revenues of $8.33 billion, representing a 57.1% increase year-over-year. Current market projections anticipate revenue growth of 21.5% compared to the same period last year, a reversal from the 5.5% decrease recorded in the prior year's corresponding quarter.

In the broader energy sector, recent results from peers have shown varied performance. ConocoPhillips reported year-on-year revenue growth of 29.2%, while Chevron reported revenues up 36.3%. Occidental Petroleum's stock has seen a 5.7% decline over the last month.