Occidental Petroleum Corp

Occidental Petroleum Corp Stock Forecast & Price Prediction

Live Occidental Petroleum Corp Stock (OXY) Price
$50.81

24

Ratings

  • Buy 7
  • Hold 15
  • Sell 2
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$50.81

P/E Ratio

13.16

Volume Traded Today

$9.3M

Dividend

$0.22

52 Week High/low

71.19/49.51

Occidental Petroleum Corp Market Cap

$47.52B

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OXY Summary

The Occidental Petroleum Corp (OXY) share price is expected to increase by 23.91% over the next year. This is based on calculating the average 12-month share price estimate provided by 24 stock analysts who have covered OXY. Price targets range from $54 at the low end to $77 at the high end. The current analyst consensus for OXY is a buy. Please note analyst price targets are not guaranteed and could be missed completely.

OXY Analyst Ratings

OXY is a stock in Energy which has been forecasted to be worth $62.96 as an average. On the higher end, the forecast price is $77 USD by Doug Leggate from B of A Securities and on the lower end OXY is forecasted to be $54 by from Barclays.

OXY stock forecast by analyst

These are the latest 20 analyst ratings of OXY.

Analyst/Firm

Rating

Price Target

Change

Date

John Royall
JP Morgan

Neutral

$56

Reinstates

Nov 8, 2024
Biju Perincheril
Susquehanna

Positive

$77

Maintains

Oct 18, 2024
Jean Ann Salisbury
B of A Securities

Neutral

$57

Reinstates

Oct 17, 2024
Paul Cheng
Scotiabank

Sector Outperform

$65

Maintains

Oct 10, 2024

BMO Capital

Market Perform

$65

Maintains

Oct 4, 2024
Betty Jiang
Barclays

Equal-Weight

$58

Maintains

Oct 3, 2024
Neil Mehta
Goldman Sachs

Neutral

$55

Reinstates

Oct 2, 2024
Neal Dingmann
Truist Securities

Hold

$56

Maintains

Sep 30, 2024
Stephen Richardson
Evercore ISI Group

Underperform

$63

Maintains

Sep 30, 2024
Roger Read
Wells Fargo

Equal-Weight

$56

Maintains

Sep 27, 2024
Josh Silverstein
UBS

Neutral

$59

Maintains

Sep 18, 2024
Nitin Kumar
Mizuho

Neutral

$72

Maintains

Sep 16, 2024
Biju Perincheril
Susquehanna

Positive

$78

Maintains

Sep 4, 2024
Josh Silverstein
UBS

Neutral

$70

Maintains

Aug 20, 2024
Neal Dingmann
Truist Securities

Hold

$65

Maintains

Aug 12, 2024
Roger Read
Wells Fargo

Equal-Weight

$65

Maintains

Aug 9, 2024
Mike Scialla
Stephens & Co.

Overweight

$76

Reiterates

Aug 8, 2024
Neal Dingmann
Truist Securities

Hold

$67

Maintains

Jul 22, 2024
Doug Leggate
Wolfe Research

Outperform


Reinstates

Jul 18, 2024
Mike Scialla
Stephens & Co.

Overweight

$77

Maintains

Jul 15, 2024

OXY Company Information

What They Do: Engages in oil and gas exploration and production.

Business Model: The company generates revenue through the acquisition, exploration, and production of oil and natural gas, as well as through its chemical manufacturing and midstream marketing activities. Its three segmentsโ€”Oil and Gas, Chemical, and Midstream and Marketingโ€”allow it to diversify its income sources by producing hydrocarbons, manufacturing basic chemicals, and providing transportation and storage services.

Other Information: Founded in 1920 and headquartered in Houston, Texas, the company operates in key regions including the United States, the Middle East, and North Africa, positioning it strategically in the global energy market.
OXY
Occidental Petroleum Corp (OXY)

When did it IPO

1981

Staff Count

12,570

Country

United States

Sector/Industry

Energy/Oil & Gas E&P

CEO

Ms. Vicki A. Hollub

Market Cap

$47.52B

Occidental Petroleum Corp (OXY) Financial Data

In 2023, OXY generated $28.26B in revenue, which was a decrease of -22.87% from the previous year. This can be seen as a signal that OXY's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$17.81B

Revenue From 2021

$25.96B

45.75 %
From Previous Year

Revenue From 2022

$36.63B

41.14 %
From Previous Year

Revenue From 2023

$28.26B

-22.87 %
From Previous Year
  • Revenue TTM $27.12B
  • Operating Margin TTM 23.4%
  • Gross profit TTM $10.11B
  • Return on assets TTM 4.5%
  • Return on equity TTM 14.4%
  • Profit Margin 17.0%
  • Book Value Per Share 26.25%
  • Market capitalisation $47.52B
  • Revenue for 2021 $25.96B
  • Revenue for 2022 $36.63B
  • Revenue for 2023 $28.26B
  • EPS this year (TTM) $3.86

Occidental Petroleum Corp (OXY) Latest News

News Image

Sat, 09 Nov 2024

Sentiment - POSITIVE

Source - Finbold

Summary - Warren Buffett, a highly respected investor, significantly influences the market as many investors follow his advice and replicate his portfolio strategies.

Why It Matters - Warren Buffett's actions and recommendations can significantly impact market trends and investor confidence, potentially affecting stock prices and investment strategies.

News Image

Wed, 06 Nov 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Occidental (NYSE: OXY) declared a quarterly dividend of $0.22 per share, payable on January 15, 2025, to shareholders recorded by December 10, 2024.

Why It Matters - Occidental's declaration of a quarterly dividend indicates financial stability and returns to shareholders, which can boost investor confidence and attract new investments.

News Image

Tue, 05 Nov 2024

Sentiment - NEGATIVE

Source - Zacks Investment Research

Summary - Occidental (OXY) is not expected to achieve a likely earnings beat in its upcoming report due to lacking key performance indicators. Investors should be aware of this outlook.

Why It Matters - Occidental's lack of key ingredients for an earnings beat may signal weaker performance, potentially impacting stock price and investor sentiment.

News Image

Wed, 06 Nov 2024

Sentiment - NEUTRAL

Source - Zacks Investment Research

Summary - Occidental Petroleum (OXY) closed at $51.39, reflecting a 1.96% increase from the previous trading session.

Why It Matters - Occidental Petroleum's 1.96% rise indicates positive market sentiment, potentially boosting investor confidence and signaling momentum in the energy sector.

News Image

Tue, 05 Nov 2024

Sentiment - NEUTRAL

Source - The Motley Fool

Summary - Berkshire Hathaway is reducing its stock holdings overall, but will maintain investments in three specific companies.

Why It Matters - Buffett's reduced stock exposure signals a potential shift in market outlook, which may impact investor confidence and drive stock prices for the affected companies.

News Image

Thu, 07 Nov 2024

Sentiment - POSITIVE

Source - Benzinga

Summary - Retail investors can benefit by tracking Wall Street analysts' rating shifts. Three stocks are highlighted for potential upgrades as investment opportunities.

Why It Matters - Analyst upgrades can signal potential stock price increases, offering retail investors insights to align their strategies with market trends and capitalize on favorable ratings.

...

OXY Frequently asked questions

The highest forecasted price for OXY is $77 from Doug Leggate at B of A Securities.

The lowest forecasted price for OXY is $54 from from Barclays

The OXY analyst ratings consensus are 7 buy ratings, 15 hold ratings, and 2 sell ratings.