Occidental Petroleum (OXY)
NYSEEnergyOil & Gas Exploration & ProductionSnapshot 2026-09-04
$60.04-0.94%
Close 2026-09-04 · 1-day change
NYSEEnergyOil & Gas Exploration & ProductionSnapshot 2026-09-04
QuarterlyIQ Insights · OXY
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within energy on a research-validated quality screen. As of 2026-09-04.
The screen ranks OXY against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 3 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Energy names rated weak grew net income 60% of the time over the next year (vs 55% for the rest of the cohort, n=1735).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Met or beat guidance 100% of the last 1 guided quarters · 126.4% avg surprise
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Continue to reduce principal debt toward the $10 billion milestone through asset sales, cash flow, and tender offers.
Stated as a priority in 4 of last 4 quarters. Principal debt reduced from $20.8 billion in 2025-Q3 to $11.8 billion in 2026-Q2, including $7.1 billion repaid through May 2026. Management has consistently emphasized advancing debt reduction toward the $10 billion milestone, and the financial data shows delivering progress on this priority.
“Reduced principal debt by $1.9 billion to $11.8 billion, advancing toward the $10.0 billion milestone”
“Advanced debt reduction priorities, repaying $7.1 billion of principal debt through May 5 and reducing principal debt to $13.3 billion”
“Announced cash tender offers to purchase senior notes and debentures to reduce debt”
“Repaid $1.3 billion of debt during the third quarter of 2025, reducing principal debt balance to $20.8 billion”
Drive free cash flow growth by improving operational efficiency and performance across the organization.
Stated as a priority in 4 of last 4 quarters. Free cash flow before working capital increased from $0.7 billion in 2025-Q2 to $3.0 billion in 2026-Q2, reflecting operational efficiency gains. Management's expectation to accelerate free cash flow growth through efficiency is supported by this improving financial trend, indicating delivering progress.
“Generated $3.0 billion of free cash flow before working capital from continuing operations, highest since 2022-Q3”
Lower capital expenditures guidance for 2025 by $200 million to improve capital discipline and efficiency.
Stated as a priority in 3 of last 3 quarters. Management reduced 2025 capital guidance midpoint by $200 million, reflecting capital discipline. Capital expenditures in 2025-Q1 and Q2 were around $1.6 billion per quarter, consistent with the reduced guidance, indicating delivering on this priority.
Raise the quarterly dividend payout to shareholders to reflect financial strength and shareholder returns.
Stated as a priority in 2 of last 2 quarters. Dividend per share increased from $0.26 in 2026-Q1 to $0.28 in 2026-Q2, reflecting management's commitment to shareholder returns. The increase is consistent with the stated priority and financial strength.
“Increased quarterly dividend by an additional 8% this year to $0.28 per share”
Sustain and exceed production guidance with operational excellence across key business units.
Stated as a priority in 4 of last 4 quarters. Production increased from 1,400 Mboed in 2025-Q2 to 1,433 Mboed in 2026-Q2, consistently exceeding guidance. Management's focus on operational excellence and production growth is reflected in these results, indicating delivering progress.
“Produced 1,433 Mboed globally, exceeding the high end of guidance”
Over the trailing year it converted 1.36x of net income into operating cash flow. Historically, Energy names rated fragile grew net income 36% of the time over the next year (vs 47% for the rest of the cohort, n=996).
Most sensitive to long-term interest rates.
Not enough signal to read sensitivity to the US dollar, the broad stock market, real (inflation-adjusted) rates, Fed net liquidity (low R² over the window).
13 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Energy names rated neutral grew net income 58% of the time over the next year (vs 56% for the rest of the cohort, n=807).
Not investment advice. As of 2026-09-04.
“Free cash flow before working capital from continuing operations of $1.7 billion”
“Capital spending of $1.8 billion resulted in quarterly free cash flow before working capital of $1.5 billion”
“Operating cash flow of $3.0 billion and capital spending of $2.0 billion resulted in free cash flow before working capital of $0.7 billion”
“Reducing the mid-point of 2025 capital guidance by $100 million”
“Reducing the mid-point of 2025 capital guidance by $200 million”
“Capital spending of $1.8 billion in 2024”
“Dividend per share was $0.26”
“Total global production for the first quarter of 2026 averaged 1,426 Mboed, surpassing the high end of guidance”
“Total average global production for the third quarter of 2025 exceeded the high end of guidance with 1,465 Mboed”
“Total average global production for the second quarter of 2025 was 1,400 Mboed”