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Sentiment · FY2026 Q1
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“the midstream asset acquisition from Occidental where the debt is on the balance sheet”
Enterprise references its midstream asset acquisition from Occidental, whose EBITDA has yet to fully flow into trailing results; OxyRock volumes expected to ramp into 2027.
“$583 million for the acquisition of natural gas gathering systems from Occidental in the Midland Basin”
Enterprise acquired natural gas gathering systems from Occidental in the Midland Basin for $583 million, a strategic bolt-on that extends its Permian footprint.
“our carbon capture and sequestration project with Occidental Petroleum, which is expected to reach first injection in 2029”
Weyerhaeuser is partnered with Occidental Petroleum on a carbon capture and sequestration project targeting first injection in 2029, adding to Occidental's CCS pipeline.
“Approximately 61% of the royalty acreage is operated by Exxon, Diamondback and Occidental.”
Occidental is a lead operator on the acquired Midland Basin royalty acreage, drilling on acreage where TPL holds mineral and royalty interests.
“Earlier this month, Occidental Petroleum announced an important milestone associated with our CCS project in Livingston Parish, Louisiana. They've signed a 25 year off take agreement for approximately 2.3 million metric tons of CO2 per year from a third party facility that's being constructed in the region.”
Occidental Petroleum signed a 25-year, 2.3 million metric ton/year CO2 offtake agreement tied to Weyerhaeuser's carbon capture and sequestration project in Louisiana, a milestone management calls one of the largest CCS offtake deals in North America.
“Of this specific set of wells, a total of approximately 18 net wells comes from an operator group consisting of Exxon, Chevron, Conoco, BP, Occidental, EOG and Caterra.”
Occidental is part of the operator group driving roughly 18 net near-term wells on TPL's royalty acreage, implying continued active Permian development from Occidental.
“And the repo -- the Berkshire, you want to talk about the Berkshire, Sunil?”
Occidental discusses Berkshire Hathaway's preferred equity; Oxy plans to build cash and resume redeeming the Berkshire preferred once callable in August 2029.
“Siemens Energy team, I have to say, including the CEO and the execs have been incredibly supportive of the project.”
Occidental credits supplier Siemens Energy for the STRATOS DAC compression machine starting up first time, a positive read-through for Siemens Energy's equipment on the project.
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Arun Jayaram | JPMorgan | 12 (0%) |
| Neil Mehta | Goldman Sachs | 12 (8%) |
| Doug Leggate | Wolfe Research |
“having the long sort of connection with Western Midstream and others thinking about that takeaway”
Occidental relies on its long-standing midstream connection with Western Midstream for water and produced-fluid takeaway in the Permian.
“an agreement to evaluate a potential joint venture to develop a DAC facility in South Texas with XRG”
Occidental agreed to evaluate a DAC joint venture in South Texas with XRG, the UAE's energy and low-carbon investment company.
“we signed 2 additional commercial agreements for carbon dioxide removal cells with JPMorgan and Palo Alto Networks”
Palo Alto Networks signed a commercial agreement to buy carbon dioxide removal credits from Occidental's STRATOS DAC facility.
“we signed 2 additional commercial agreements for carbon dioxide removal cells with JPMorgan and Palo Alto Networks”
JPMorgan signed a commercial agreement to buy carbon dioxide removal credits from Occidental's STRATOS DAC facility, a demand signal for durable carbon removal.
“less than a year from closing the CrownRock acquisition”
Occidental has repaid $7.5B of debt within a year of closing the CrownRock acquisition, well ahead of target, and cites strong CrownRock Permian well performance.
“the one tidbit on that great opportunity came out of the CrownRock in our legacy Midland development where we were able to utilize one of their existing central facilities without building a new one for that operation.”
Occidental is realizing capital synergies from its CrownRock acquisition by reusing CrownRock's existing Midland Basin central facilities instead of building new ones.
“In April, 1PointFive signed a landmark 25-year carbon offtake agreement with CF Industries and its partners for their planned low-carbon ammonia facility in Louisiana.”
Occidental's 1PointFive unit signed a 25-year carbon offtake deal with CF Industries, supporting CO2 transport and storage for CF's low-carbon ammonia facility at Oxy's Pelican hub.
“have been thoroughly impressed by the work of our teams and our construction partner, Worley.”
Worley is Occidental's construction partner on the Stratos direct air capture facility, which completed trains one and two in December and is progressing toward commercial operation.
“And I'm looking forward to continuing to work with Ecopetrol to get that done.”
Occidental extended its Midland Basin joint venture with Ecopetrol on similar terms, adding roughly 23 more wells to the partnership's development program.
| Betty Jiang | Barclays | 6 (0%) |
| Nitin Kumar | Mizuho Securities | 6 (33%) |
| Paul Cheng | Scotiabank | 5 (0%) |
| Neal Dingmann | William Blair | 4 (0%) |
| Leo Mariani | ROTH Capital Partners | 4 (0%) |
| Matt Portillo | Tudor, Pickering, Holt | 4 (0%) |
| Scott Gruber | Citigroup | 2 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Goldman Sachs | 1 | 12 (8%) |
| JPMorgan | 1 | 12 (0%) |
| Wolfe Research | 2 | 11 (0%) |
| Barclays | 2 | 8 (0%) |
| Mizuho Securities | 1 | 6 (33%) |
| Scotiabank | 1 | 5 (0%) |
| William Blair | 1 | 4 (0%) |
| ROTH Capital Partners | 1 | 4 (0%) |
Occidental closed 2025 with record annual production of 1.4 million BOE per day while spending $575 million less than originally planned. Adjusted EPS was $0.31. The OxyChem sale was completed with $13.9 billion of debt repaid in 20 months, bringing principal debt to $15 billion. The 2026 plan delivered $550 million lower CAPEX with flat-to-growing production, and sustaining capital was reduced to $4.1 billion, supporting an 8% dividend increase. STRATOS Phase 1 and Phase 2 commissioning was expected in Q2 2026. Management was cautious on the oil macro outlook.
Capex Investment | Capital Allocation | Revenue Growth | Innovation & R&D | Geographic Expansion | Cost Pressure | Competitive Dynamics | M&A | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 4 | 2 | 6 | 3 | 3 | 2 | 1 | 3 |
| 2025Q1 | 3 | 4 | 3 | 1 | 2 | 3 | 1 | |
| 2025Q2 | 2 | 4 | 3 | 4 | 4 | 2 | 2 | 2 |
| 2025Q3 | 7 | 3 | 5 | 4 | 1 | 1 | 1 | 1 |
| 2025Q4 | 4 | 2 | 2 | 1 | 2 | 2 | 2 | |
| 2026Q1 | 4 | 5 | 2 | 1 | 3 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Capex Investment | 4 | 3 | 2 | 7 | 4 | 4 |
| Capital Allocation | 2 | 4 | 4 | 3 | 2 | 5 |
| Revenue Growth | 6 | 3 | 3 | 5 | 2 | |
| Innovation & R&D | 3 | 1 | 4 | 4 | 1 | 2 |
| Geographic Expansion | 3 | 2 | 4 | 1 | 2 | |
| Cost Pressure | 2 | 3 | 2 | 1 | 2 | 1 |
| Competitive Dynamics | 1 | 2 | 1 | 2 | 3 | |
| M&A | 3 | 1 | 2 | 1 | 1 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
OXY Occidental Petroleum | 6 | -23.1% | |
| APA APA Corporation | 5 | -11.7% | |
| COP ConocoPhillips | 6 | -2.5% | |
| CTRA Coterra | 7 | +23.8% | |
| DVN Devon Energy | 5 | -13.0% | |
| EOG EOG Resources | 9 | +15.7% | |
| EQT EQT Corporation | 9 | +39.7% | |
| EXE Expand Energy | 7 | +100.2% | |
| FANG Diamondback Energy | 6 | +5.2% | |
| TPL Texas Pacific Land Corporation | 8 | +20.8% |