Occidental Petroleum's shares have risen 8.2% since its second-quarter earnings report, outperforming the S&P 500. The company reported adjusted earnings of $2.40 per share, beating the Zacks Consensus Estimate of $1.92 by 25%, driven by higher crude oil prices and strong Midstream and Marketing performance. Revenues climbed 57.1% to $8.33 billion, surpassing estimates, while production exceeded guidance at 1,433 thousand barrels of oil equivalent per day. Occidental reduced debt by $1.9 billion during the quarter and raised its quarterly dividend by 8% to 28 cents per share. For 2026, the company revised its full-year production outlook to 1,423-1,453 Mboe/d and provided third-quarter guidance of 1,400-1,440 Mboe/d. Analyst estimates have trended upward over the past month, and the stock holds a Zacks Rank #3 (Hold).
Occidental Petroleum CorporationQ2 earnings beat and raised dividend
National Fuel Gas Company