
Occidental Petroleum (OXY) Stock Forecast & Price Target
Occidental Petroleum (OXY) Analyst Ratings
Bulls say
Occidental Petroleum is supported by a sharply improved balance sheet after the CrownRock acquisition, with gross debt falling from a peak of about $29 billion to under $14 billion and net debt to capital near 18%, while additional deleveraging is still expected. Its outlook is also strengthened by resilient operations: 2025 net proved reserves of 4.6 billion barrels of oil equivalent, average production of 1.4 million boe/d, and a portfolio weighted roughly 74% to oil and natural gas liquids, which supports cash generation. Management’s plan to deliver about 85% higher sustainable cash flow at a flat $65 WTI price deck from 2025-29, driven by lower capex, $1.7 billion of corporate cost saves, and efficiency gains, underpins the positive fundamental view.
Bears say
Occidental Petroleum is facing a weaker fundamental backdrop because 2Q international volumes of 205 MBoepd came in 3 MBoepd below the midpoint of guidance, reflecting Middle East conflict disruptions that can pressure operating consistency and cash generation. Its production mix remains heavily exposed to hydrocarbon prices, with 2025 output averaging 1.4 million barrels of oil equivalent per day at 74% oil and NGLs, while the company also plans to raise international spending to $600MM this year from $505MM in 2025, increasing execution risk amid unhedged production. In addition, Stratos has been delayed by non-process component issues and the company is still studying repairs, while broader risks from lower oil and gas prices, higher taxes, CO2 sequestration setbacks, and weaker well productivity could further reduce cash flow and undermine the outlook.
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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Occidental Petroleum (OXY) Analyst Forecast & Price Prediction
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