• Occidental Petroleum recently raised its fourth-quarter 2025 production guidance to a midpoint of 1.46 million barrels of oil equivalent per day, citing continued strong output across all three domestic assets, which is expected to offset scheduled maintenance at Al Hosn.

• This production outlook comes shortly after Occidental reported that third-quarter results exceeded previous production guidance, highlighting resilient operational execution despite year-over-year declines in both sales and earnings.

• We’ll explore how Occidental Petroleum’s raised production outlook shapes the company’s investment narrative and signals ongoing operational strength.

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For shareholders of Occidental Petroleum, the core investment argument rests on belief in robust global oil demand and the company’s ability to capitalize on production efficiency and cost control. The recent lift in fourth-quarter 2025 production guidance is a positive operational update, but it does not meaningfully alter the persistent risk that Occidental’s performance remains tightly coupled to the volatility of oil prices and the pace of energy transition policies.

Among the latest developments, Occidental’s confirmed quarterly dividend of US$0.24 per share stands out. This announcement is relevant as it signals continued management confidence in cash flows, supporting the short-term catalyst of operational execution and returns to shareholders, despite the ongoing pressures of a capital-intensive business and fluctuating earnings.

However, with continued market optimism comes the inevitable question about how Occidental will manage…

Read the full narrative on Occidental Petroleum (it’s free!)

Occidental Petroleum’s outlook foresees $29.0 billion in revenue and $3.7 billion in earnings by 2028. This is based on an anticipated 2.2% annual revenue growth rate and a $2.0 billion increase in earnings from the current level of $1.7 billion.

Uncover how Occidental Petroleum’s forecasts yield a $49.91 fair value, a 17% upside to its current price.

Simply Wall St Community members have estimated fair values for Occidental Petroleum ranging from US$31.19 to US$67.67 across 26 perspectives. While beliefs about future returns are diverse, the company’s significant exposure to oil price swings means broader industry and policy shifts will likely shape long-term outcomes. Explore several viewpoints to see how your outlook compares.