KLESSE WILLIAM R, an insider at Occidental Petroleum Corp (OXY), purchased 218,913 shares of the company's stock on December 15, 2025, at a price of $38.98 per share. The total transaction value amounts to $8.53 million. Following this acquisition, KLESSE holds a total of 218,913 shares in Occidental.
Occidental Petroleum, headquartered in Houston, Texas, operates in the energy sector, focusing on the exploration and production of oil and natural gas. The company is a significant player in the Permian and DJ basins, as well as in the offshore Gulf of Mexico. With a market capitalization of $38.4 billion, Occidental has a P/E ratio of 18.30 and an EPS of 2.10. The firm also boasts a dividend yield of 238.9%.
Insider buying can serve as a positive indicator, suggesting that executives and directors may have confidence in the company's future. However, investors should approach such transactions with caution, as there can be various personal or regulatory motivations behind insider trading activities.
The recent purchase adds to the transparency provided by mandatory SEC reporting of insider transactions, allowing investors to gauge executive sentiment toward their stock. Analyzing patterns of insider activity across multiple executives and time periods can offer deeper insights than isolated transactions alone.
Occidental Petroleum is scheduled to report its upcoming earnings on August 4, 2026, with an estimated EPS of $0.34 and revenue of $5.4 billion, following a previous estimate of $0.37 EPS and $5.4 billion revenue on May 5, 2026.