
Occidental Petroleum (OXY) Stock Forecast & Price Target
Occidental Petroleum (OXY) Analyst Ratings
Bulls say
Occidental Petroleum is expected to see continued success in its international operations, led by its strong M&M pre-tax income and potential increase in sulfur prices. The company's diverse portfolio, including its focus on the Permian Basin, Rockies, US Offshore, and the Middle East, provides a balanced and attractive portfolio with a significant amount of resource potential. Additionally, OXY's efforts to reduce debt and increase returns to shareholders through share repurchases and dividends make it a favorable investment choice.
Bears say
Occidental Petroleum is negatively viewed due to underperforming production metrics compared to its industry peers, a delayed startup of its direct air capture facility, and a high level of debt despite a successful sale of OXYChem. The company's return of capital strategy through share buybacks and debt reduction may not be sustainable in the long term, and its diversification and capital efficiency gains may not significantly impact current share prices.
This aggregate rating is based on analysts' research of Occidental Petroleum and is not a guaranteed prediction by Public.com or investment advice.
Occidental Petroleum (OXY) Analyst Forecast & Price Prediction
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