What move does the options market price into Occidental Petroleum's report?

Implied ±14.3%, either direction · provisional.

How often does Occidental Petroleum move more than the options market prices?

4 of the last 8 reports moved at least as far as the implied move.

OXYNYSECrude Petroleum & Natural Gas

Occidental Petroleum Corp (OXY) earnings date, market-implied expected move, and options open interest by expiry

63.99

+0.98 · +1.55%

post 63.88 −0.17%

Closed19:59 ET

Open63.97Volume9.1MMkt cap$64.0BP/E9.74EPS6.56Div yield1.63%

Day63.49 – 64.1659%52-wk38.26 – 66.8390%

OXY

Occidental Petroleum Corp

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±14.3%implied · straddle

54.8673.14

spot 64.00exp Mar 19ATM strike 65ATM straddle 10.75IV 34%

Oct 30 closeprovisional

Expected move

Inputs

Next report

Feb 22

after close · in 113 days

est.Q4 FY26

Calendar

Next report

Last report

+0.85%

vs ±2.4% implied · ×0.35

shaded = implied · ▲▼ = realized

Oct 13 '26 · confirmed

Implied vs realized

Largest filed tie

13.70%

of ProPetro Holding revenue

supplierPUMP 10-K

Supply chain

Largest filed tie

13F top-10 QoQ

+2.02%

shares held · 10 largest managers

13F · Jun 30 '26124d lag

1,236 managers

Top fund weight

2.12%

OXY weight · XLE

N-PORTJun 30 '26

10 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Occidental Petroleum (OXY) is expected to report on Feb 22 after close (estimated date).

Implied vs realized

8 reports

4 of 8≥ implied

avg implied: ±2.8%
avg realized: ±3.4%

Q3 FY25Nov 10 '25confirmed±3.5%▲+0.12%×0.03

Jan 20 '26Jan 20 '26confirmed±2.7%▼−1.08%×0.40

Feb 18 '26Feb 18 '26confirmed±3.3%▲+9.38%×2.88

Q1 FY26Apr 10 '26confirmed±1.9%▼−0.96%×0.50

May 5 '26May 5 '26confirmed±3.9%▼−7.11%×1.82

Q2 FY26Jul 10 '26confirmed±1.5%▲+3.63%×2.43

Aug 5 '26Aug 5 '26confirmed±3.6%▲+4.14%×1.16

Oct 13 '26Oct 13 '26confirmed±2.4%▲+0.85%×0.35

quarterimplied−10%0+10%realized×

Oct '26±2.4%▲+0.85%×0.35

Aug '26±3.6%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 10 expiries · Oct 30 close

0.71OI · 10 expiries · Oct 30 closeP/C open interest · Mar 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

7 nearer expiries

7,162+168%Nov 65d0.3023,779+359%0.30

2,162+43%Nov 1312d0.514,263+47%0.51

27,490+5%Nov 2019d0.5748,5990%0.57

1,254+1375%Nov 2726d0.492,583+1918%0.49

3—Dec 433d0.01474—0.01

1—Dec 1140d0.0427—0.04

35,761+2%Dec 1847d0.5565,206−2%0.55

74,239+3%Jan 1575d0.34217,377−1%0.34

2,557+4%Feb 19110d0.308,527+10%0.30

report · Feb 22 · after close · est.

ExpiryPutsCallsP/C

7 nearer expiries

Nov 65d7,162+168%23,779+359%0.30

Nov 1312d2,162+43%4,263+47%0.51

Nov 2019d27,490+5%48,599

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±14.3%

Funds 4

XLE±0.3%

REVS±0.0%

RSP±0.0%

VTV±0.0%

Suppliers 2

PUMP±13.2%×0.92

LBRT±10.8%×0.76

Customers 1

CF±7.9%×0.55

Dashed = straddle · × = co-movement · max 500dMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

37.15%as filednet margin · revenue +60.40% QoQ · +52.14% YoY

Revenue

$8.1B+60.40% QoQ

Gross profit

$6.1B+90.19% QoQ

76.17% margin

Operating income

$3.8B+529.26% QoQ

47.20% margin

Pre-tax income

$3.9B+903.85% QoQ

Net income

$3.0B−10.81% QoQ

37.15% margin

Cost of revenue

$1.9B+6.90% QoQ

Operating expenses

$2.3B−11.01% QoQ

Depreciation $1.8B

SG&A $594M

Exploration $37M

Tax

$915M+494.16% QoQ

Other income

$108M+150.23% QoQ

Revenue$8.1B+60.40%

Gross profit

$6.1B+90.19%

76.17% margin

Operating income

$3.8B+529.26%

47.20% margin

Pre-tax income

$3.9B+903.85%

Net income

$3.0B−10.81%

37.15% margin

Cost of revenue

$1.9B+6.90%

Operating expenses

$2.3B−11.01%

Depreciation $1.8B

SG&A $594M

Exploration $37M

Other income$108M+150.23%

Tax$915M+494.16%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 19:45 ET

Intraday

Event sensitivity

PPI ×1.23· ±1.8% vs ±1.4% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±1.8%4 of 10×1.23

NFPjobs report±1.6%4 of 10×1.13

FOMCrate decision±1.6%8 of 24×1.10

CPIconsumer prices±1.6%6 of 10×1.10

PCEpersonal income & outlays±1.0%8 of 19×0.71

CPROFcorporate profits±0.8%8 of 12×0.58

GDPgross domestic product±0.8%11 of 19×0.55

Bar = avg |move| to ±2% · tick = ±1.4% avg day · ×base = |move| ÷ ±1.4% · min 6 releases

Earnings history

EPS 2.75 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Jul 10 '26 · confirmed	2.75	—
Q1 FY26	Apr 10 '26 · confirmed	3.13	—
Q3 FY25	Nov 10 '25 · confirmed	0.65	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod