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OXY Stock Forecast: Occidental Petroleum Corporation Price Predictions for 2026

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$56.54

+1.07 (1.93%)

OXY Stock Forecast 2026-2027

$56.54
Current Price
$56.24B
Market Cap
25 Ratings
Buy 8
Hold 15
Sell 2
Wall St Analyst Ratings

Distance to OXY Price Targets

+32.6%
To High Target of $75.00
+15.0%
To Median Target of $65.00
-2.7%
To Low Target of $55.00

OXY Price Momentum

-0.7%
1 Week Change
-0.5%
1 Month Change
+21.7%
1 Year Change
+37.5%
Year-to-Date Change
-16.2%
From 52W High of $67.45
+45.7%
From 52W Low of $38.80
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Latest OXY Stock Price Targets & Analyst Predictions

Based on our analysis of 9 Wall Street analysts, OXY has a neutral consensus with a median price target of $65.00 (ranging from $55.00 to $75.00). The overall analyst rating is Buy (6.9/10). Currently trading at $56.54, the median forecast implies a 15.0% upside. This outlook is supported by 8 Buy, 15 Hold, and 2 Sell ratings.

The most optimistic forecast comes from Nitin Kumar at Mizuho, projecting a 32.6% upside. Conversely, the most conservative target is provided by Neil Mehta at Goldman Sachs, suggesting a 2.7% downside.

Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.

OXY Analyst Ratings

8
Buy
15
Hold
2
Sell

OXY Price Target Range

Low
$55.00
Average
$65.00
High
$75.00
Current: $56.54

Latest OXY Stock Forecasts by Analyst

These are the latest 20 analyst ratings and price targets for OXY.

Date Firm Analyst Rating Change Price Target
May 27, 2026 Mizuho Nitin Kumar Outperform Maintains $75.00
May 26, 2026 Barclays Betty Jiang Overweight Upgrade $72.00
May 22, 2026 Morgan Stanley Devin McDermott Equal-Weight Maintains $74.00
May 8, 2026 Truist Securities Hold Maintains $N/A
Apr 22, 2026 Scotiabank Sector Perform Maintains $N/A
Apr 13, 2026 UBS Neutral Maintains $N/A
Apr 9, 2026 Wells Fargo Overweight Maintains $N/A
Mar 30, 2026 Citigroup Neutral Maintains $N/A
Mar 24, 2026 Truist Securities Hold Initiates $N/A
Mar 20, 2026 JP Morgan Neutral Upgrade $N/A
Mar 20, 2026 HSBC Buy Maintains $N/A
Mar 17, 2026 Mizuho Outperform Maintains $N/A
Mar 16, 2026 Barclays Equal-Weight Maintains $N/A
Mar 12, 2026 Wells Fargo Overweight Upgrade $N/A
Mar 12, 2026 Piper Sandler Overweight Upgrade $N/A
Mar 11, 2026 Goldman Sachs Sell Maintains $N/A
Mar 5, 2026 Piper Sandler Neutral Maintains $N/A
Mar 5, 2026 UBS Neutral Maintains $N/A
Feb 23, 2026 BMO Capital Market Perform Maintains $N/A
Feb 23, 2026 Barclays Equal-Weight Maintains $N/A

Occidental Petroleum Corporation (OXY) Competitors

The following stocks are similar to Occidental based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

Occidental Petroleum Corporation (OXY) Financial Data

Occidental Petroleum Corporation has a market capitalization of $56.24B with a P/E ratio of 75.0x. The company generates $21.12B in trailing twelve-month revenue with a 22.4% profit margin.

Revenue growth is -8.3% quarter-over-quarter, while maintaining an operating margin of +17.7% and return on equity of +4.1%.

Valuation Metrics

Market Cap $56.24B
Enterprise Value $78.51B
P/E Ratio 75.0x
PEG Ratio 0.3x
Price/Sales 2.6x

Growth & Margins

Revenue Growth (YoY) -8.3%
Gross Margin +36.3%
Operating Margin +17.7%
Net Margin +22.4%
EPS Growth +257.4%

Financial Health

Cash/Price Ratio +6.8%
Current Ratio 1.2x
Debt/Equity 42.0x
ROE +4.1%
ROA +2.5%
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Occidental Petroleum Corporation logo

Occidental Petroleum Corporation (OXY) Business Model

About Occidental Petroleum Corporation

What They Do

Independent exploration and production of oil and gas.

Business Model

The company generates revenue through its three segments: Oil and Gas focuses on the exploration and production of hydrocarbons; Chemical produces various chemical products; and Midstream and Marketing manages the transportation and storage of oil and gas products. This diversified model allows it to capitalize on different aspects of the energy supply chain.

Additional Information

Founded in 1920 and headquartered in Houston, Texas, Occidental Petroleum Corporation plays a significant role in key energy-producing regions, directly impacting global oil and gas supply chains and contributing to the overall energy sector.

Company Information

Sector

Energy

Industry

Oil & Gas E&P

Employees

10,412

CEO

Mr. Richard A. Jackson

Country

United States

IPO Year

1981

Occidental Petroleum Corporation (OXY) Latest News & Analysis

Featured Analysis
Powered by Zacks Investment Research

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Occidental Petroleum (OXY) Stock Sinks As Market Gains: What You Should Know

The latest trading day saw Occidental Petroleum (OXY) settling at $55.47, representing a -2.85% change from its previous close.

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Latest News

OXY stock latest news image
Quick Summary

Occidental Petroleum (OXY) closed at $55.47, down 2.85% from the prior trading day.

Why It Matters

Occidental Petroleum's decline to $55.47 indicates potential volatility and shifts in investor sentiment, impacting future performance and investment decisions.

Source: Zacks Investment Research
Market Sentiment: Negative
OXY stock latest news image
Quick Summary

Chevron and Exxon Mobil show positive outlooks at $185.82 and $146.60, respectively, while Occidental Petroleum at $55.47 suggests investors should exercise patience.

Why It Matters

Mixed signals from major oil companies indicate differing outlooks on oil prices, affecting potential investment strategies and risk assessment in the energy sector.

Source: 24/7 Wall Street
Market Sentiment: Positive
OXY stock latest news image
Quick Summary

Matthew Tuttle continues to invest in oil stocks, anticipating prolonged headwinds that will keep oil prices elevated, despite potential U.S.-Iran deal developments.

Why It Matters

Tuttle's bullish stance on oil stocks amid potential U.S.-Iran negotiations suggests continued strong oil prices, indicating resilience in the sector and potential for investment gains.

Source: Schwab Network
Market Sentiment: Positive
OXY stock latest news image
Quick Summary

Zacks Oil & Gas US Integrated industry faces challenges due to slowing production growth and weak refining. ConocoPhillips, Occidental, and National Fuel are positioned to navigate these issues.

Why It Matters

Slowing production and weak refining suggest potential declines in profitability for the sector, while strong positions of specific companies may indicate relative stability and investment opportunities.

Source: Zacks Investment Research
Market Sentiment: Negative
OXY stock latest news image
Quick Summary

Stocks remain volatile due to an unstable ceasefire in Iran. Low-beta stocks LQDA, CVX, OXY, and VLO have shown recent gains and strong trading volume.

Why It Matters

The volatile ceasefire in Iran affects market stability, driving investors towards low-beta stocks like LQDA, CVX, OXY, and VLO, which are showing gains amid uncertainty.

Source: Zacks Investment Research
Market Sentiment: Positive
OXY stock latest news image
Quick Summary

Occidental Petroleum (OXY) reported earnings 30 days ago; investors should monitor upcoming developments and market reactions for insights on stock performance.

Why It Matters

Occidental's recent earnings report can influence its stock price and investor sentiment, impacting future performance and potential investment decisions.

Source: Zacks Investment Research
Market Sentiment: Positive

Frequently Asked Questions About OXY Stock

What is Occidental Petroleum Corporation's (OXY) stock forecast for 2026?

Based on our analysis of 9 Wall Street analysts, Occidental Petroleum Corporation (OXY) has a median price target of $65.00. The highest price target is $75.00 and the lowest is $55.00.

Is OXY stock a good investment in 2026?

According to current analyst ratings, OXY has 8 Buy ratings, 15 Hold ratings, and 2 Sell ratings. The stock is currently trading at $56.54. Always conduct your own research and consider your investment goals before making investment decisions.

What is the long-term price prediction for OXY stock?

Wall Street analysts predict OXY stock could reach $65.00 in the next 12 months. This represents a 15.0% increase from the current price of $56.54. Please note that this is a projection by Wall Street analysts and not a guarantee.

What is Occidental Petroleum Corporation's business model?

The company generates revenue through its three segments: Oil and Gas focuses on the exploration and production of hydrocarbons; Chemical produces various chemical products; and Midstream and Marketing manages the transportation and storage of oil and gas products. This diversified model allows it to capitalize on different aspects of the energy supply chain.

What is the highest forecasted price for OXY Occidental Petroleum Corporation?

The highest price target for OXY is $75.00 from Nitin Kumar at Mizuho, which represents a 32.6% increase from the current price of $56.54.

What is the lowest forecasted price for OXY Occidental Petroleum Corporation?

The lowest price target for OXY is $55.00 from Neil Mehta at Goldman Sachs, which represents a -2.7% decrease from the current price of $56.54.

What is the overall OXY consensus from analysts for Occidental Petroleum Corporation?

The overall analyst consensus for OXY is neutral. Out of 9 Wall Street analysts, 8 rate it as Buy, 15 as Hold, and 2 as Sell, with a median price target of $65.00.

How accurate are OXY stock price projections?

Stock price projections, including those for Occidental Petroleum Corporation, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.

Important Disclaimer

The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. 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.

Last updated: June 14, 2026 1:40 AM UTC
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