Occidental Petroleum (OXY)

OXY's price has jumped nearly 5% in just seven days, its fastest weekly climb in months.

What is going on right now?

Oil prices are near a five-month high, partly tied to reported attacks on tankers near the Strait of Hormuz. Since Occidental Petroleum earns its money pulling oil out of the ground, higher oil prices flow straight into its income.

How is the business itself doing?

The company's revenue roughly doubled compared to a year ago, and its profit grew almost tenfold. It keeps about 30 cents of every dollar it earns, and it owes relatively little compared to what it owns.

What stands out?

The price has climbed unusually fast lately. Streaks this steep often cool off, but the speed also reflects how directly this company's earnings track the price of a barrel of oil.

What comes next?

Occidental's next earnings report lands on November 9, covering a period when oil prices have been elevated. That report will show whether the recent strength in crude actually turned into bigger paychecks for the company.