OXY(US:OXY) ZACKS·2026-02-16 15:15Core Viewpoint - Analysts expect Occidental Petroleum (OXY) to report a significant decline in quarterly earnings and revenues, indicating a challenging financial environment for the company [1]. Financial Performance Expectations - Quarterly earnings are projected at $0.19 per share, reflecting a year-over-year decline of 76.3% [1]. - Revenues are anticipated to be $5.88 billion, down 14% from the same quarter last year [1]. - The consensus EPS estimate has been revised downward by 42.2% over the past 30 days, indicating a reappraisal of expectations by analysts [1][2]. Revenue Breakdown by Segment - 'Net sales- Oil and gas' are expected to reach $4.93 billion, a decrease of 12.3% from the prior-year quarter [4]. - 'Net sales- Midstream & marketing' are projected at $359.46 million, showing a significant increase of 154.9% year-over-year [4]. - 'Net sales- Chemical' is estimated to be $941.78 million, down 22.6% from the previous year [4]. Revenue Estimates by Category - 'Revenue- Oil- United States' is expected to be $3.52 billion, reflecting a decline of 12.8% from the prior-year quarter [5]. - 'Revenue- NGL- United States' is projected at $454.04 million, down 17.6% year-over-year [5]. - 'Revenue- GAS- United States' is anticipated to reach $240.08 million, indicating a growth of 20% from the previous year [6]. Production and Pricing Metrics - Worldwide sales for total continuing operations production per day are estimated at 1,463.94 thousand barrels of oil equivalent, slightly up from 1,463.00 thousand barrels per day a year ago [7]. - Net production volumes for oil are expected to be 749.09 thousand barrels per day, an increase from 736.00 thousand barrels per day in the previous year [8]. - Average realized prices for oil are forecasted to be $60 per barrel, down from $70 per barrel in the same quarter last year [8]. - Average realized prices for NGLs are expected to be $17 per barrel of oil equivalent, compared to $22 per barrel of oil equivalent a year ago [9]. Stock Performance - Over the past month, Occidental shares have increased by 7.9%, contrasting with a -1.7% change in the Zacks S&P 500 composite [10]. - The company holds a Zacks Rank of 4 (Sell), suggesting it may underperform the overall market in the near future [10].