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Occidental Petroleum (OXY) Stock Forecast & Price Target

Occidental Petroleum (OXY) Analyst Ratings

Based on 36 analyst ratings
Hold
Strong Buy 25%
Buy 14%
Hold 47%
Sell 11%
Strong Sell 3%

Bulls say

Occidental Petroleum reported a strong production increase of 7% quarter-over-quarter and 3% year-over-year, reaching an average of 1,258 thousand barrels of oil equivalent per day, consistent with market guidance. The company raised its capital expenditure and production guidance for 2024 by 6% and 5%, respectively, indicating confidence in future operations and the inclusion of CrownRock's contributions. Additionally, Occidental's midstream and marketing sector significantly outperformed expectations, with pre-tax income exceeding guidance by over $180 million, underscoring effective management and favorable market conditions.

Bears say

Occidental Petroleum faces a negative outlook due to the significant risk posed by unhedged production, which renders the company's cash flow and EBITDA estimates highly susceptible to fluctuations in oil and natural gas prices. The company's second-quarter production in the Rockies not only fell short of guidance, but also led to a downward revision in cash flow per share and EBITDA estimates, indicating potential challenges in meeting short-term financial targets. Additionally, concerns regarding the productivity of new wells, along with potential tax increases on the oil and gas sector, could further impact the company's financial viability and undermine the net asset value estimates.

Occidental Petroleum (OXY) has been analyzed by 36 analysts, with a consensus rating of Hold. 25% of analysts recommend a Strong Buy, 14% recommend Buy, 47% suggest Holding, 11% advise Selling, and 3% 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 36 analysts, Occidental Petroleum (OXY) has a Hold consensus rating as of Jul 1, 2025. 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 $60.92, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $60.92, 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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