Energy Q4 Earnings: Chevron Tops, OXY Trails
On April 29, 2026, the latest Q4 earnings season for energy stocks highlights a sharp divide, with Chevron outperforming while Occidental Petroleum struggles to meet expectations.
Energy Stocks Split: Who Leads?
“Fortunes favor the bold,” yet Q4 earnings showed uneven results across diversified upstream E&P firms. As a group, revenues beat estimates by 3%, reflecting modest resilience despite market volatility.
Occidental Petroleum posted $5.42 billion in revenue, down 20.7% year on year and missing forecasts by 6%. It also lagged EBITDA expectations, marking the weakest performance among peers. Still, its stock rose 21.5% to $57.24.
Chevron Outshines Peers
Chevron led the quarter with $46.87 billion in revenue, declining 10.2% annually but surpassing expectations by 2.6%. Strong earnings lifted its shares 8.1% to $184.97.
Overall, the sector’s stocks gained 11.7% on average, signaling steady investor confidence.
