Occidental Petroleum (OXY) Stock Overview
Engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 3/6 |
| Past Performance | 2/6 |
| Financial Health | 5/6 |
| Dividends | 2/6 |
OXY Community Fair Values
Create NarrativeSee what 549 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Top Community Narratives
Occidental Petroleum Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$56.27 |
| 52 Week High | US$67.45 |
| 52 Week Low | US$38.80 |
| Beta | 0.17 |
| 1 Month Change | -2.93% |
| 3 Month Change | 19.12% |
| 1 Year Change | 26.76% |
| 3 Year Change | -3.22% |
| 5 Year Change | 117.51% |
| Change since IPO | 210.01% |
Recent News & Updates
Recent updates
Seeking Alpha • May 06
Occidental Petroleum: Time To Take Profits At Fair Value (Rating Downgrade)
Summary Occidental Petroleum Corporation delivered a 24.67% total return since September, outperforming the S&P 500 amid geopolitical tailwinds. OXY's Q1 featured a bottom-line beat, but negative free cash flow and hedging losses tempered results despite operational improvements and debt reduction. Leadership transition to Richard Jackson signals a shift toward operational efficiency, with cost savings and well performance outpacing peers. I downgrade OXY stock to Hold, citing full valuation, monetized deleveraging, and a lack of near-term catalysts as Middle Eastern tensions ease. Read the full article on Seeking Alpha
New Narrative • Apr 11
Occidental Petroleum (OXY): The "Permian Fortress" and the 2026 Low-Carbon Pivot
Occidental Petroleum (OXY) closed the April 10, 2026, session at $58.53 USD on the NYSE, experiencing a volatile week where the stock price fluctuated between $58 and $63 alongside shifting geopolitical headlines. The central narrative for 2026 is "The Fortress Transition" : Having spent the last two years aggressively de-leveraging following the CrownRock acquisition, Occidental has emerged as a cash-flow juggernaut with a "Permian First" strategy.
Narrative Update • Apr 07
OXY: Lean 2026 Capex Plan Will Support Higher Future P/E
Occidental Petroleum's analyst price target has been raised from $64.22 to $74.00. Analysts attribute this change to higher long term oil price assumptions, improved capital efficiency in the Permian, and expectations for stronger cash flow and margins reflected in updated revenue growth, profit margin and future P/E inputs.
Narrative Update • Mar 24
OXY: Geopolitics And Efficiency Assumptions Will Pressure Future Cash Flow Reliability
Occidental Petroleum's fair value estimate has edged from $40.00 to about $39.50 as analysts adjust price targets in response to updated oil price assumptions, capital efficiency expectations, and a higher future P/E backdrop reflected in recent research. Analyst Commentary Across recent research, analysts are updating their views on Occidental as new oil price decks, capital spending plans, and geopolitical risks filter through their models.
Narrative Update • Mar 10
OXY: Capital Efficiency And Geopolitical Pricing Are Expected To Support Deleveraging
Narrative Update Our fair value estimate for Occidental Petroleum has moved to $52.52 from $48.94 as analysts lift price targets into the mid to high $50s, citing updated oil price assumptions, improved capital efficiency and free cash flow outlooks, and the impact of heightened geopolitical risk on energy markets. Analyst Commentary Recent Street research on Occidental clusters around higher fair value views, with most price targets now in the mid to high $50s and a few outliers on either side.Narrative Update • Feb 23
OXY: Lean 2026 Capex And Deleveraging Progress Will Support A Higher Future P/E
The updated analyst price target for Occidental Petroleum edges higher to $64.22, reflecting analysts' focus on the company's more capital efficient 2026 budget, its progress on deleveraging and efficiency gains, and model updates following a Q4 earnings beat and production outperformance. Analyst Commentary Bullish analysts are generally responding positively to Occidental Petroleum's latest update, with several research shops adjusting their models after the Q4 earnings beat, production outperformance, and a leaner 2026 capital plan.Narrative Update • Feb 07
OXY: Strong Q3 Production Trends Will Support A Higher Future P E
Analysts have slightly reduced their fair value estimate for Occidental Petroleum to about US$63.35, and recent Street research shows a mix of small price target raises and cuts as they factor in updated growth, profitability and P/E assumptions. Analyst Commentary Recent research on Occidental reflects a mix of fine tuning around targets rather than big swings in conviction, with several firms making modest changes as they refresh models for updated guidance and sector assumptions.Narrative Update • Jan 24
OXY: Operational Efficiencies And Production Guidance Are Expected To Support Deleveraging
Analysts have trimmed their average price target on Occidental Petroleum by about $0.70 to roughly $48.94, citing refreshed sector models that reflect softer revenue expectations, slightly higher discount rates, modestly better profit margins, and a small reset to future P/E assumptions. Analyst Commentary Recent research suggests that analysts are refining their views on Occidental Petroleum rather than making wholesale shifts, with several highlighting updated financial models, revised guidance and changing views on oil and gas exposure.Narrative Update • Jan 10
OXY: Capital Efficiency And Higher Production Are Expected To Accelerate Deleveraging
Analysts have nudged their fair value estimate for Occidental Petroleum slightly lower to about US$49.63 from roughly US$49.92, reflecting reduced price targets alongside updated expectations for revenue, margins and future P/E multiples following recent sector research. Analyst Commentary Bullish Takeaways Bullish analysts highlight that updated exploration and production models after Q3 results still point to operations, efficiencies and costs moving in a constructive direction.Narrative Update • Dec 24
OXY: Upcoming Unit Sale Will Drive Faster Deleveraging And Cash Return Capacity
Analysts have trimmed their average price target for Occidental Petroleum by about $0.17 per share to approximately $49.92. This reflects slightly weaker margin and growth assumptions, even as recent model updates factor in the strategic OxyChem divestiture and a less favorable oil macro backdrop.Narrative Update • Dec 10
OXY: Upcoming Unit Sale Will Drive Faster Debt Reduction And Cash Returns
Analysts have trimmed their average price target on Occidental Petroleum by about $1 per share to roughly the low $50s. This reflects more cautious oil macro assumptions, updated 2025 to 2026 guidance and modeling, and a balanced view of the OxyChem divestiture that improves leverage but tempers near term valuation upside.Narrative Update • Nov 25
OXY: Upcoming $10 Billion Unit Sale Will Drive Debt Reduction And Cash Returns
Occidental Petroleum's analyst price target saw a modest uptick to approximately $50.21 per share, as analysts balanced mixed updates to future expectations for margins, revenue, and sector outlooks that support their revised valuations. Analyst Commentary Recent updates from Street research present a nuanced outlook on Occidental Petroleum, as analysts adjust their targets based on evolving macro trends and company developments.Narrative Update • Nov 08
OXY: Upcoming Petrochemical Unit Sale Will Accelerate Debt Reduction And Cash Returns
Occidental Petroleum's consensus analyst price target saw a modest decrease of approximately $0.56 per share this quarter. Analysts incorporated generally cautious outlooks on future margins, balance sheet changes following OxyChem's sale, and evolving capital allocation expectations.Narrative Update • Oct 25
Balance Sheet Improvement And Cash Returns Will Shape Future Resilience
Occidental Petroleum's average analyst price target saw a slight decrease to approximately $50.48 from $51.55. Analysts reflect cautious optimism amid recent business divestitures, updated commodity price projections, and a reassessment of growth and margin expectations.Narrative Update • Oct 10
Global Oil Demand And Carbon Capture Will Underpin Resilience
Occidental Petroleum’s average analyst price target has edged up slightly to approximately $47. This reflects cautious optimism about the company's recent chemical business sale and anticipated balance sheet improvements, though concerns remain regarding profit margins and revenue growth.Narrative Update • Sep 16
Global Oil Demand And Carbon Capture Will Underpin Resilience
Analysts modestly raised Occidental Petroleum’s price target to $51.00 as updated commodity forecasts reflect cautious optimism for gas demand amid sector-wide oil price volatility and industry leadership shifts, resulting in only a marginal upward fair value revision. Analyst Commentary Analysts are recalibrating price targets to reflect updated commodity price outlooks, particularly adjusting for a more cautious stance on oil while maintaining a positive skew for gas prices over the next year.Analysis Article • Aug 13
There May Be Some Bright Spots In Occidental Petroleum's (NYSE:OXY) Earnings
Shareholders appeared unconcerned with Occidental Petroleum Corporation's ( NYSE:OXY ) lackluster earnings report last...Analysis Article • Jun 10
Weekly Picks: 📊 OXY's Diversification Strategy, AGX's Tailwinds, and SAP's Valuation Risks
This week's picks cover: Occidental’s 10 year vision to become an energy powerhouse, why Argan’s success will come from its tailwinds and management team, plus, why SAP’s price today may not be the best entry point.Analysis Article • Jun 10
OXY's
This week's picks cover: Occidental’s 10 year vision to become an energy powerhouse, why Argan’s success will come from its tailwinds and management team, and why SAP’s price today may not be the best entry point.
New Narrative • Jun 05
Occidental Petroleum is set to achieve a 16% profit margin improvement
Occidental Petroleum (OXY) - Future Outlook1. Business Position in 3, 5, or 10 YearsOccidental Petroleum's future business position will likely be shaped by its core oil and gas operations, its aggresSeeking Alpha • Apr 18
Occidental Petroleum: $65 Oil Price Won't Last
Summary The selloff on OXY since my last writing was overdone for several reasons. The sharp drop in oil prices (currently around $65 only) is unlikely to be sustained, creating a large bias for OXY’s earning prospects. Potential catalysts that lead to an oil price recovery include the record low level of the U.S. Strategic Petroleum Reserve and also the multi-year low level of crude oil inventory. OXY's attractive P/E and 2.4% dividend yield further skew the return/risk curve. Read the full article on Seeking AlphaSeeking Alpha • Mar 30
Occidental Petroleum: I'd Buy The Crash
Summary Occidental Petroleum stock crashed 22.5% over the last 12 months, underperforming its sector. Despite the stock's lower price, Occidental continues generating healthy profits, with high margins and returns on equity. The CrownRock acquisition has been weighing on results somewhat, but is not thesis-breaking. Oil prices have been quite stable lately and well above Occidental Petroleum's breakeven. They are expected to remain healthy. In this article, I explain why I'd buy Occidental Petroleum stock at today's price. Read the full article on Seeking AlphaSeeking Alpha • Feb 23
Occidental Petroleum: Carbon Capture Is Where It's At
Summary Warren Buffett's significant investment in Occidental Petroleum highlights its strong market position and potential for growth, especially in domestic energy production. OXY's diverse operations, including oil, gas, chemicals, and midstream marketing, generate substantial revenue, predominantly from U.S. oil production. The company's carbon capture initiatives, particularly DAC projects, promise future revenue streams and support dividend growth, despite high initial costs. OXY's strategic acquisitions, such as Crown Rock, and robust financial performance make it a compelling buy with a positive outlook for 2025. Read the full article on Seeking AlphaSeeking Alpha • Feb 17
Occidental Petroleum: 3 Reasons We Prefer The 7% YTM Bonds For Berkshire's Bet
Summary Occidental Petroleum has disappointed shareholders with acquisitions reducing shareholder returns. The bonds with about 7% YTM do look attractive. We elucidate our rationale. Read the full article on Seeking AlphaSeeking Alpha • Jan 16
Occidental Petroleum: New Sanctions To Boost Oil Markets In 2025
Summary Occidental is conservatively valued, trading below historical multiples, and could outperform in 2025 if new sanctions effectively reduce excess oil supply. Stricter sanctions on Russian and Iranian oil are expected to firm up oil prices, benefiting Occidental and its peers. Occidental's extensive Delaware acreage and low-cost reserve replacement position it well for long-term growth and reduced operational risks. Despite potential short-term volatility, the economic and political backdrop favors stricter sanctions, supporting a more favorable oil price outlook in 2025. Read the full article on Seeking AlphaSeeking Alpha • Jan 10
Occidental Petroleum: A Top Buffett Stock On Sale
Summary Warren Buffett has been buying Occidental Petroleum shares for years. He reportedly has a $53 average cost. Earlier this year, investors had been wondering why Buffett wasn't adding at the recent lows after buying near $60. In December, he silenced that discourse by resuming his buys. Occidental Petroleum earns an 'A' on profitability in Seeking Alpha Quant due to its high margins. It has also grown at commendable rates over the last five years. In this article, I explain why I'd buy Occidental Petroleum at today's price. Read the full article on Seeking AlphaSeeking Alpha • Dec 24
Occidental Petroleum: Buffett Teaches The Market A Lesson
Summary Warren Buffett's continued investment in Occidental Petroleum highlights a typical great investor's long-term strategy of buying bargains. Great investors like Buffett buy bargains and sell during favorable industry cycles. Many investors lack faith in their due diligence. They then worry that a future stock price drop indicates a mistake. The CrownRock acquisition is complete. But it will take some time for the acquisition to affect company profits materially. The acquisitions likely mean that profitability will continue to increase for some time to come. Read the full article on Seeking AlphaSeeking Alpha • Dec 15
Occidental: Foggy Outlook And Overvaluation
Summary OXY's market cap is highly correlated with crude oil prices, which are expected to soften in 2025 due to increased supply and slower demand growth. The company's recent acquisition of CrownRock and increased debt may not yield expected synergies, reducing financial flexibility and limiting dividend growth potential. Considering all the negatives, I believe the stock does not justify a premium over its fair value of $44 per share. Read the full article on Seeking AlphaShareholder Returns
| OXY | US Oil and Gas | US Market | |
|---|---|---|---|
| 7D | -5.2% | -4.0% | 2.6% |
| 1Y | 26.8% | 29.4% | 26.2% |
Return vs Industry: OXY underperformed the US Oil and Gas industry which returned 29.4% over the past year.
Return vs Market: OXY matched the US Market which returned 26.2% over the past year.
Price Volatility
| OXY volatility | |
|---|---|
| OXY Average Weekly Movement | 6.2% |
| Oil and Gas Industry Average Movement | 6.0% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.1% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: OXY has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: OXY's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1920 | 10,412 | Vicki Hollub | www.oxy.com |
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. It operates through Oil and Gas and Midstream and Marketing. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.
Occidental Petroleum Corporation Fundamentals Summary
| OXY fundamental statistics | |
|---|---|
| Market cap | US$54.84b |
| Earnings (TTM) | US$736.00m |
| Revenue (TTM) | US$21.12b |
76.0x
P/E Ratio2.7x
P/S RatioIs OXY overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| OXY income statement (TTM) | |
|---|---|
| Revenue | US$21.12b |
| Cost of Revenue | US$6.39b |
| Gross Profit | US$14.73b |
| Other Expenses | US$14.00b |
| Earnings | US$736.00m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.74 |
| Gross Margin | 69.76% |
| Net Profit Margin | 3.49% |
| Debt/Equity Ratio | 37.2% |
How did OXY perform over the long term?
See historical performance and comparisonDividends
1.8%
Current Dividend Yield132%
Payout RatioDoes OXY pay a reliable dividends?
See OXY dividend history and benchmarks| Occidental Petroleum dividend dates | |
|---|---|
| Ex Dividend Date | Jun 10 2026 |
| Dividend Pay Date | Jul 15 2026 |
| Days until Ex dividend | 28 days |
| Days until Dividend pay date | 63 days |
Does OXY pay a reliable dividends?
See OXY dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/12 21:31 |
| End of Day Share Price | 2026/05/12 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Occidental Petroleum Corporation is covered by 52 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| William Selesky | Argus Research Company |
| Thomas Driscoll | Barclays |
| Wei Jiang | Barclays |