Occidental Petroleum Stock Is Up 45% This Year. Is It Outperforming Other Oil Stocks Like ConocoPhillips and Diamondback Energy?

Shares of Occidental Petroleum (NYSE:OXY) are up 45% twelvemonth to day (YTD) heading into Tuesday's open, an awesome performer among ample U.S. lipid producers successful 2026. The question is whether OXY banal is genuinely moving distant from peers, oregon simply starring a choky pack.

For context, ConocoPhillips (NYSE:COP) banal is up 33% YTD, portion Diamondback Energy (NASDAQ:FANG) banal has gained 37%. All 3 person ridden a crisp rebound successful WTI crude oil, which climbed from the mid-$50s successful aboriginal January to $103 recently.

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The abbreviated reply to the title's question: yes, OXY banal is the YTD leader, but the dispersed is moderate. Occidental's borderline implicit its peers is existent but modest, and the pb is simply a caller improvement alternatively than a structural shift.

OXY Doesn't Win connected All Time Frames

Stretch the model retired and the representation changes. On a one-year basis, FANG banal is up 46%, COP banal is up 35%, and OXY banal is up 39%. Diamondback really tops the 3 implicit 12 months.

Over 5 years, Diamondback is inactive the winner, with FANG up 157% and COP up 117% versus OXY astatine 131%. It seems, then, that the 2026 enactment reflects a assemblage rotation alternatively than a cardinal show shift.

Why Occidental Has Been Out successful Front

The cleanest catalyst is the OxyChem chemicals divestiture to Berkshire Hathaway (NYSE:BRK-B), which closed January 2. Proceeds were utilized to chopped main indebtedness by $5.8 billion, bringing full indebtedness to $15 billion, and Occidental raised its quarterly dividend 8% to $0.26 per share.

Production trends helped. Occidental delivered Q4 2025 output of 1,481 1000 barrels of lipid equivalent per time (Mboed), supra the precocious extremity of guidance, with full-year EPS of $2.21 connected gross of $22.08 billion. Occidental Petroleum CEO Vicki Hollub stated the institution remains "focused connected generating resilient escaped currency flow" aft the OxyChem sale.