What's next for Occidental Petroleum after its Q1 earnings beat?
Source: SeekingAlpha
2026-05-21 13:40:11 ET
Occidental Petroleum Corporation ( OXY ) reported a significant Q1 bottom-line beat , while revenue of $5.23B fell short of Wall Street’s forecast. Meanwhile, the company achieved its production guidance high-end at 1.426M barrels per day. The stock has surged 40% over the past 12 months as oil prices spiked amid Middle East tensions, with net income rising, driven largely by the $9.7B OxyChem sale to Berkshire Hathaway....
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What’s next for Occidental Petroleum after its Q1 earnings beat?
Occidental Petroleum Corporation
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