Occidental Petroleum
OXY
$60.04
-0.94%
Occidental Petroleum Corporation is an independent exploration and production company with operations in the United States, Latin America, and the Middle East, focusing on oil and natural gas extraction. As a major player in the energy sector, it distinguishes itself through its significant scale, with net proved reserves of 4.6 billion barrels of oil equivalent and daily production of 1.4 million barrels, alongside a growing midstream segment. The current investor narrative centers on Occidental's balance sheet improvement, strategic positioning amid oil price volatility, and its status as a key holding for Berkshire Hathaway, with recent analyst upgrades and dividend growth highlighting its recovery trajectory.…
OXY
Occidental Petroleum
$60.04
Related headlines
OXY 12-Month Price Forecast
Wall Street consensus
Most Wall Street analysts maintain a constructive view on Occidental Petroleum's 12-month outlook, with a consensus price target around $67.08 and implied upside of +11.7% versus the current price.
Average Target
$67.08
0 analysts
Implied Upside
+11.7%
vs. current price
Analyst Count
—
covering this stock
Price Range
$55 - $79
Analyst target range
The target price range spans from a low of $55.00 to a high of $79.00, with the high target suggesting a 31.6% upside, likely assuming sustained oil prices and successful debt reduction. The low target implies a downside of 8.4%, possibly pricing in weaker oil prices or operational setbacks. The spread between high and low targets is $24, indicating moderate uncertainty. Recent rating actions show a mix of upgrades and neutral stances, with Morgan Stanley maintaining equal weight and UBS neutral, while Mizuho and Wells Fargo remain overweight, reflecting a cautiously optimistic outlook.
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OXY Technical Analysis
Occidental's stock is in a clear uptrend over the past year, with a 1-year price change of +28.8%, significantly outperforming the S&P 500's +18.7%. The current price of $60.04 sits at 89% of its 52-week range (low $38.80, high $67.45), indicating strong momentum and proximity to highs, though not overextended. This positioning suggests investor confidence in the company's operational performance and oil market conditions, with the stock having recovered from a low of $38.80 to current levels, reflecting a robust recovery from prior lows.
Beta
0.16
0.16x market volatility
Max Drawdown
-27.6%
Largest decline past year
52-Week Range
$39-$67
Price range past year
Annual Return
+28.8%
Cumulative gain past year
| Period | OXY Return | S&P 500 |
|---|---|---|
| 1m | +11.6% | -0.4% |
| 3m | +5.5% | +4.5% |
| 6m | +10.8% | +13.9% |
| 1y | +28.8% | +19.0% |
| ytd | +41.7% | +12.9% |
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OXY Fundamental Analysis
Occidental's revenue trajectory has been volatile, with the most recent quarter (Q1 2026) showing revenue of $5.23 billion, a 23.1% decline year-over-year from $6.80 billion in Q1 2025. This decline is part of a broader trend, as revenue has fallen from $6.92 billion in Q4 2024 to $5.23 billion in Q1 2026, indicating a deceleration in top-line growth. However, the company's oil and gas segment remains the primary revenue driver, contributing $10.21 billion in the latest annual data, while the midstream segment adds $612 million, suggesting a diversified but oil-dependent revenue base.
Quarterly Revenue
$5.2B
2026-03
Revenue YoY Growth
-23.1%
YoY Comparison
Gross Margin
11.8%
Latest Quarter
Free Cash Flow
$3.6B
Last 12 Months
Revenue & Net Income Trends (2 Years)
Revenue Breakdown
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Valuation Analysis: Is OXY Overvalued?
Given Occidental's positive net income, the PE ratio is the primary valuation metric. The trailing PE is 24.3x, while the forward PE is 15.6x, indicating that the market expects significant earnings growth, as the forward multiple is 36% lower than the trailing. This gap suggests optimism about future profitability, likely driven by cost reductions and higher oil prices. The PEG ratio is negative at -0.70, which is unusual and may indicate that earnings growth is expected to be negative or that the metric is distorted by cyclical factors.
PE
24.3x
Latest Quarter
vs. Historical
High-End
5-Year PE Range 3x~22x
vs. Industry Avg
N/A
Industry PE ~N/A*
EV/EBITDA
5.3x
Enterprise Value Multiple
