Can Occidental (OXY) Keep the Earnings Surprise Streak Alive?

Core Insights - Occidental Petroleum (OXY) has consistently beaten earnings estimates and is well-positioned for future earnings surprises [1][2]. Earnings Performance - The company has a strong track record of beating earnings estimates, with an average surprise of 29.23% over the last two quarters [2]. - For the last reported quarter, Occidental's earnings were $0.39 per share, exceeding the Zacks Consensus Estimate of $0.28 per share, resulting in a surprise of 39.29% [3]. - In the previous quarter, Occidental reported earnings of $0.87 per share against an expected $0.73 per share, delivering a surprise of 19.18% [3]. Earnings Estimates and Predictions - Recent estimates for Occidental have been increasing, indicating a positive outlook for future earnings [6]. - The Zacks Earnings ESP for Occidental is currently +4.66%, suggesting analysts are optimistic about the company's near-term earnings potential [9]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) indicates a high probability of another earnings beat [9]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [7]. - The Earnings ESP metric compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [8]. Upcoming Earnings Report - Occidental's next earnings report is anticipated to be released on November 10, 2025 [9].