Oil Prices Up 85% in 2026, Occidental Outperforms Peers Despite Hedging Challenges
Brent crude has surged 85% since January 2026 due to geopolitical tensions. Occidental Petroleum (OXY) outperformed Wall Street expectations with Q1 earnings of $1.06 per share versus a forecasted $0.59, despite hedging challenges and limited benefit from the oil price spike in March.
Topics: energy hedging_impact oil_prices