SPDR Oil & Gas E&P ETF Up 25.9% YTD, Trails Occidental’s Rally
Over the past three months, the SPDR S&P Oil & Gas Exploration & Production ETF gained 16.5%, trailing Occidental Petroleum’s 26.5% rally. XOP is up 25.9% year-to-date and 27.6% over the past 52 weeks, outpacing Occidental’s 15.6% annual return.
1. XOP Performance vs Occidental Petroleum
The SPDR S&P Oil & Gas Exploration & Production ETF gained 16.5% over the past three months, underperforming Occidental Petroleum’s 26.5% rally. The ETF is up 25.9% year-to-date and has returned 27.6% over the last 52 weeks, surpassing Occidental’s 15.6% annual gain.
2. Occidental Petroleum Q4 Results and Midstream Turnaround
Occidental reported adjusted EPS of $0.31 for Q4 2025 despite realized oil prices averaging $59.22 per barrel. The midstream unit swung to $204 million in pre-tax income from a $123 million loss, driven by higher Permian gas margins, lower transportation costs and stronger sulfur prices at Al Hosn.
3. Technical Trends and Analyst Sentiment
Occidental’s stock has traded above its 50-day and 200-day moving averages since January but remains 4.7% below its 52-week high of $56.34. Analysts maintain a consensus rating of Hold across 27 firms, with the stock trading above the mean price target of $52.08.