Occidental Petroleum (OXY)
NYSEEnergyOil & Gas E&pSnapshot 2026-07-08
$53.57+3.66%
Close 2026-07-08 · 1-day change
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Track OXY free→Occidental is cutting its debt, repaying $7.1 billion so far. It beat earnings with $1.06 EPS in Q1 2026. The company is advancing partnerships and managing capital well. These support steady cash flow and profit in a tough oil market.
Debt remains high at $13.3 billion and CEO changes add uncertainty. Earnings guidance is soft with EPS expected to fall to $0.31 in late 2026. The recent stock selloff shows market doubts about growth and debt progress.
The stock price is about 7% above our valuation level and 34% below the Street median. Analysts expect 11% revenue growth, but our model sees slower growth ahead. The market reflects some optimism but also risk from debt and earnings softness.
Breaks if: capital spending exceeds $2 billion without debt reduction progress
Occidental aims to reduce principal debt to $10 billion, having repaid $7.1 billion through May 5, 2026.
Newly stated in 2026-Q1. Occidental has repaid $7.1 billion of principal debt, reducing it to $13.3 billion. The company is progressing towards its $10 billion debt milestone, indicating a strong focus on capital allocation and debt management.
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“Advanced debt reduction priorities, repaying $7.1 billion of principal debt.”
Breaks if: principal debt remains above $13.3 billion by end 2026
Occidental aims to reduce principal debt to $10 billion, having repaid $7.1 billion through May 5, 2026.
Newly stated in 2026-Q1. Occidental has repaid $7.1 billion of principal debt, reducing it to $13.3 billion. The company is progressing towards its $10 billion debt milestone, indicating a strong focus on capital allocation and debt management.
“Advanced debt reduction priorities, repaying $7.1 billion of principal debt.”
Breaks if: EPS falls below $0.31 in Q4 2026
Occidental aims to reduce principal debt to $10 billion, having repaid $7.1 billion through May 5, 2026.
Newly stated in 2026-Q1. Occidental has repaid $7.1 billion of principal debt, reducing it to $13.3 billion. The company is progressing towards its $10 billion debt milestone, indicating a strong focus on capital allocation and debt management.
“Advanced debt reduction priorities, repaying $7.1 billion of principal debt.”
Breaks if: revenue growth falls below 7% YoY