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Feb 19, 2026 4:00 PM

What's Going On With Occidental Petroleum Shares On Thursday?

Occidental Petroleum Corporation (NYSE:OXY) shares are trading higher on Thursday after the company reported fourth-quarter earnings on Wednesday after the market closed. 

The stock is also gaining as oil stocks move higher with crude prices remaining elevated amid escalating geopolitical tensions involving Iran and following reports that Kinetik Holdings (NYSE:KNTK) is weighing a potential sale after receiving takeover interest from Occidental-backed Western Midstream Partners.

Earnings Snapshot

Occidental reported adjusted earnings per share of 31 cents, beating the consensus estimate of 18 cents.

Total company production of 1,481 Mboed exceeded the high ...