Occidental Petroleum is expected to report Q3 2026 revenue of $8.38 billion and EPS of $1.43, with the current stock price of $62.15 trading below the average analyst target of $69.80.
Investors are primarily focused on the company's debt reduction progress as it works toward a $15 billion principal debt target following the CrownRock acquisition. Analysts anticipate that robust Permian Basin output will drive the free cash flow necessary to accelerate this deleveraging and eventually resume share buybacks.
Market participants will also be closely monitoring the company's carbon management segment for updates on Direct Air Capture commercialization timelines.