Stock Track | Occidental Plunges 5.39% in Pre-market on Mixed Q1 Results and Production Forecast Cut Due to Middle East Conflict

Stock Track

May 06

Occidental's stock experienced a pre-market plunge of 5.39% following the release of its first-quarter 2026 financial results and a downward revision to its full-year production guidance.

The company reported quarterly revenue of $5.23 billion, which fell short of analyst expectations of $5.67 billion. While adjusted earnings per share of $1.06 significantly beat the consensus estimate of $0.59, investors focused on the revenue miss and the company's updated outlook.

A key driver of the sell-off was the company's decision to lower its full-year production forecast. Occidental cited operational disruptions from the ongoing conflict in the Middle East, specifically the suspension of operations at its 40%-owned Shah Gas Field in the UAE since mid-March. The company now expects total 2026 production to be between 1.41 million and 1.46 million barrels of oil equivalent per day, down from a previous forecast of 1.42 million to 1.48 million barrels.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.itiger.com/news/1173685160"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1173685160\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1173685160?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-06 17:08","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1173685160","market":"sg","top_or_hot":-1,"title":"Stock Track | Occidental Plunges 5.39% in Pre-market on Mixed Q1 Results and Production Forecast Cut Due to Middle East Conflict","media":"Stock Track","content":"<p>Occidental's stock experienced a pre-market plunge of 5.39% following the release of its first-quarter 2026 financial results and a downward revision to its full-year production guidance.</p><p>The company reported quarterly revenue of $5.23 billion, which fell short of analyst expectations of $5.67 billion. While adjusted earnings per share of $1.06 significantly beat the consensus estimate of $0.59, investors focused on the revenue miss and the company's updated outlook.</p><p>A key driver of the sell-off was the company's decision to lower its full-year production forecast. Occidental cited operational disruptions from the ongoing conflict in the Middle East, specifically the suspension of operations at its 40%-owned Shah Gas Field in the UAE since mid-March. The company now expects total 2026 production to be between 1.41 million and 1.46 million barrels of oil equivalent per day, down from a previous forecast of 1.42 million to 1.48 million barrels.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Occidental Plunges 5.39% in Pre-market on Mixed Q1 Results and Production Forecast Cut Due to Middle East Conflict</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Occidental Plunges 5.39% in Pre-market on Mixed Q1 Results and Production Forecast Cut Due to Middle East Conflict\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2026-05-06 17:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Occidental's stock experienced a pre-market plunge of 5.39% following the release of its first-quarter 2026 financial results and a downward revision to its full-year production guidance.</p><p>The company reported quarterly revenue of $5.23 billion, which fell short of analyst expectations of $5.67 billion. While adjusted earnings per share of $1.06 significantly beat the consensus estimate of $0.59, investors focused on the revenue miss and the company's updated outlook.</p><p>A key driver of the sell-off was the company's decision to lower its full-year production forecast. Occidental cited operational disruptions from the ongoing conflict in the Middle East, specifically the suspension of operations at its 40%-owned Shah Gas Field in the UAE since mid-March. The company now expects total 2026 production to be between 1.41 million and 1.46 million barrels of oil equivalent per day, down from a previous forecast of 1.42 million to 1.48 million barrels.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OXY","symbol_name":"西方石油","start_time":0,"source_url":"","article_id":"1173685160","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1173685160","pubTimestamp":1778058538,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Occidental's stock experienced a pre-market plunge of 5.39% following the release of its first-quarter 2026 financial results and a downward revision to its full-year production guidance.The company...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"OXY":"西方石油"},"translate_title":"个股追踪|西方石油盘前暴跌5.39%Q1业绩好坏参半中东冲突导致产量预期下调","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OXY":1},"content_text":"Occidental's stock experienced a pre-market plunge of 5.39% following the release of its first-quarter 2026 financial results and a downward revision to its full-year production guidance.The company reported quarterly revenue of $5.23 billion, which fell short of analyst expectations of $5.67 billion. While adjusted earnings per share of $1.06 significantly beat the consensus estimate of $0.59, investors focused on the revenue miss and the company's updated outlook.A key driver of the sell-off was the company's decision to lower its full-year production forecast. Occidental cited operational disruptions from the ongoing conflict in the Middle East, specifically the suspension of operations at its 40%-owned Shah Gas Field in the UAE since mid-March. The company now expects total 2026 production to be between 1.41 million and 1.46 million barrels of oil equivalent per day, down from a previous forecast of 1.42 million to 1.48 million barrels.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}