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OXY

Occidental Petroleum (OXY) Stock Forecast & Price Target

Occidental Petroleum (OXY) Analyst Ratings

Based on 19 analyst ratings
Hold
Strong Buy 11%
Buy 37%
Hold 47%
Sell 0%
Strong Sell 5%

Bulls say

Occidental Petroleum is on track for strong efficiency-led growth, with plans to drop rigs while bringing 15 more wells online, targeting a 12% well cost improvement by 2030 and already running at -7% this year. The recent strong financial results under new CEO Richard Jackson and a path towards $4 billion in sustainable cash flow improvements by 2029 highlights a clear focus on execution. While there is inherent volatility in the industry, the company's diverse portfolio and focus on debt paydown make it a solid investment option.

Bears say

Occidental Petroleum is a company with an excessive focus on reducing its net debt through capital allocation strategies. Despite strong fundamentals such as a robust midstream and marketing income, higher than expected Gulf of Mexico volumes, and plans for increased spending in international assets, the company still maintains a low priority on initiatives such as share buybacks and dividend growth, likely impacting future shareholder returns. With a projected decline in net debt and updated estimates indicating a decrease in cash flow per share, it is clear that Occidental Petroleum has a negative outlook due to its strict capital allocation priorities.

Occidental Petroleum (OXY) has been analyzed by 19 analysts, with a consensus rating of Hold. 11% of analysts recommend a Strong Buy, 37% recommend Buy, 47% suggest Holding, 0% advise Selling, and 5% predict a Strong Sell.

This aggregate rating is based on analysts' research of Occidental Petroleum and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Occidental Petroleum (OXY) Forecast

Analysts have given Occidental Petroleum (OXY) a Hold based on their latest research and market trends.

According to 19 analysts, Occidental Petroleum (OXY) has a Hold consensus rating as of Sep 18, 2026. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $64.53, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $64.53, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Occidental Petroleum (OXY)


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