Occidental Petroleum Corporation (OXY), headquartered in Houston, Texas, acquires, explores, and develops oil and gas properties. Valued at $42 billion by market cap, the company also manufactures and markets a variety of basic chemicals, vinyls and performance chemicals. The oil giant is expected to announce its fiscal second-quarter earnings for 2025 after the market closes on Wednesday, Aug. 6.

Ahead of the event, analysts expect OXY to report a profit of $0.33 per share on a diluted basis, down 68% from $1.03 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports. 

For the full year, analysts expect OXY to report EPS of $2.28, down 34.1% from $3.46 in fiscal 2024. However, its EPS is expected to rise 10.5% year-over-year to $2.52 in fiscal 2026.

OXY stock has considerably underperformed the S&P 500 Index’s ($SPX) 12.7% gains over the past 52 weeks, with shares down 31% during this period. Similarly, it underperformed the Energy Select Sector SPDR Fund’s (XLE )7% losses over the same time frame.

On May 7, OXY reported its Q1 results, and its shares closed up more than 6% in the following trading session. Its adjusted EPS of $0.87 surpassed Wall Street expectations of $0.73. The company’s revenue was $6.8 billion, falling short of Wall Street forecasts of $7.2 billion.

Analysts’ consensus opinion on OXY stock is cautious, with a “Hold” rating overall. Out of 23 analysts covering the stock, three advise a “Strong Buy” rating, two suggest a “Moderate Buy,” 16 give a “Hold,” and two recommend a “Strong Sell.” OXY’s average analyst price target is $49.25, indicating a potential upside of 13.1% from the current levels.