Occidental Petroleum Corporation OXY is set to report fourth-quarter 2019 earnings on Feb 27, after market close. In the last reported quarter, the oil and gas company delivered a negative earnings surprise of 73.2%.Factors to ConsiderSelling, general and administrative (SG&A), and other expenses are expected to have substantially increased year over year due to seasonally higher environmental remediation charges, which are likely to have had an adverse impact on fourth-quarter earnings. SG&A for the fourth quarter is expected to be $901 million, indicating a substantial increase from $473 million in the year-ago period.The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $6.51 billion, which indicates growth of 35.7% from the year-ago reported figure. The Zacks Consensus Estimate for the bottom line is pegged at a loss of 6 cents per share, which indicates a 104.9% decline from the year-ago quarter.Q4 ExpectationDuring third-quarter earnings call, Occidental provided its guidance for fourth-quarter production within 1,312-1,336 thousand barrels of oil equivalent per day (MBoe/d) and Permian Resources output in the range of 449-459 MBoe/d. However, due to reduced downtime, strong base and new well performance, the company expects total output and Permian Resources production to be 1,402 MBoe/d and 476 MBoe/d, respectively.Earnings WhispersOur proven model doesn’t conclusively predict an earnings beat for Occidental this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here.Occidental Petroleum Corporation Price and EPS Surprise Occidental Petroleum Corporation price-eps-surprise | Occidental Petroleum Corporation QuoteEarnings ESP: The company’s Earnings ESP is -23.53%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP FilterZacks Rank: Occidental carries a Zacks Rank #3.Stocks to ConsiderHere are some companies that you may consider from the same Oils & Energy sector as these have the right combination of elements to post an earnings beat in the to-be-reported quarter.Apache Corporation APA is slated to release fourth-quarter 2019 results on Feb 26. It has an Earnings ESP of +26.53% and a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.Berry Petroleum Corporation BRY is set to release fourth-quarter 2019 results on Feb 26. It has an Earnings ESP of +2.50% and sports a Zacks Rank of 1.California Resources Corporation CRC is scheduled to release fourth-quarter 2019 results on Feb 26. It has an Earnings ESP of +0.51% and a Zacks Rank of 2.More Stock News: This Is Bigger than the iPhone!It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.Click here for the 6 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Apache Corporation (APA): Free Stock Analysis Report Occidental Petroleum Corporation (OXY): Free Stock Analysis Report Berry Petroleum Corporation (BRY): Free Stock Analysis Report California Resources Corporation (CRC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research