| OXY |
Report |
Adjusted EPS (continuing ops) |
BEAT |
pred ~$1.90 vs. cons $1.84 |
MEDIUM |
| OXY |
Report |
Total revenue |
IN-LINE |
pred ~$7.05B vs. cons $7.10B |
MEDIUM |
| OXY |
Report |
Midstream & Marketing segment pre-tax income |
BEAT |
pred ~$320M vs. cons ~$270M (quarterly run-rate implied by raised $1.1B FY guide) |
MEDIUM |
| OXY |
Guide |
FY2026 production guidance midpoint |
BETTER |
guide ~1.45 MMBoe/d vs. cons 1.44 MMBoe/d (FY2026) |
MEDIUM |
| OXY |
Guide |
FY2026 capital spending guidance |
UNCHANGED |
guide ~$5.7B midpoint vs. cons $5.7B (FY2026, range $5.5-5.9B reaffirmed) |
HIGH |
| OXY |
Guide |
Principal debt level / path to $10B milestone |
BETTER |
guide ~$10.5B quarter-end debt vs. cons/prior-plan ~$12B trajectory (Q2 2026 quarter-end, ahead of schedule) |
MEDIUM |
| OXY |
Guide |
FY2026 Midstream & Marketing pre-tax income guidance |
BETTER |
guide ~$1.3B vs. prior guide $1.1B (FY2026) |
MEDIUM |
| OXY |
Return |
Day-1 residual (stock − beta × S&P 500) |
-2.5% |
— |
LOW |
| OXY |
Return |
5-day cumulative residual |
-4.5% (FOLLOW-THROUGH) |
Q2 realized prices/hedge losses were already disclosed in the July 10 'earnings considerations' filing, so the headline oil-price-driven EPS/revenue beat is largely priced in, leaving limited room for a sustained positive surprise; the Q1 2026 print showed the same dynamic (stock fell ~7% day-1 and continued lower for the next two sessions despite a beat and raised guidance) as investors rotated out on 'sell-the-news' plus profit-taking after a big run. With WTI/Brent likely rolling over from Q2's Iran-conflict spike into Q3 (softening the H2 realized-price assumption embedded in sell-side models), any initial pop from debt/midstream upside is likely to fade/extend lower as analysts trim out-period (H2 2026/2027) EPS and cash-flow estimates even after acknowledging the Q2 beat, consistent with a follow-through/negative-drift pattern rather than a snap-back. |
LOW |