Occidental Petroleum (OXY) Stock Price, News & Analysis

+0.55 (+0.87%)
(As of 05/17/2024 ET)
Today's Range
50-Day Range
52-Week Range
6.58 million shs
Average Volume
8.29 million shs
Market Capitalization
$56.22 billion
P/E Ratio
Dividend Yield
Price Target

Occidental Petroleum MarketRank™ Stock Analysis

Analyst Rating
2.43 Rating Score
12.0% Upside
$71.00 Price Target
Short Interest
5.74% of Float Sold Short
Dividend Strength
Based on Four Factors
Upright™ Environmental Score
News Sentiment
0.30mentions of Occidental Petroleum in the last 14 days
Based on 34 Articles This Week
Insider Trading
Proj. Earnings Growth
From $3.89 to $5.00 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.06 out of 5 stars

Oils/Energy Sector

59th out of 245 stocks

Crude Petroleum & Natural Gas Industry

24th out of 82 stocks

OXY stock logo

About Occidental Petroleum Stock (NYSE:OXY)

Occidental Petroleum Corporation is an international oil and gas giant founded in 1920 to explore for oil in California. The company made its name in the early 1960safter discovering the Lathrop Gas Field in Lathrop, California. The company expanded into chemicals manufacturing in 1968 and then in 1972 it became a pioneer in the quest to extract oil from shale. In 1993, the company made a historic move by exiting its coal operations, and then it did so again when it embraced a lower carbon future.

The company worked to realign its goals with a carbon-free future in 2021. After extensive review, new carbon emission targets were laid out along with a plan that the Transition Pathway Initiative recognized as being 1 of 3 coming from major oil companies that could realistically result in net-zero emissions by 2050. Since then the company has laid interim goals that include net zero from operations and energy by 2040 and no routine flaring by 2030.

Today, Occidental Petroleum is an integrated energy company with operations in the US, the Middle East, Africa, and Columbia along with some other smaller operations. The company operates a network of best-in-class production, delivery, and storage facilities with operations centered in the US. On a net basis, the company’s US operations accounted for more than 75% of the total in 2022 with 19% from Middle East operations and the remainder from Columbia and elsewhere.

The company engages in the oil & gas business as an explorer, producer, and mid-stream infrastructure operator. The company operates through three segments that include Oil and Gas, Chemicals, and Midstream & Marketing.

The oil and gas segment explores for oil, develops new fields, and produces hydrocarbon liquids, gasses, and condensates. The chemicals segment manufactures a range of chemicals including chlorine, potassium chemicals, and vinyl. The midstream segment transports, stores, and markets hydrocarbons. It is the 6th largest oil and gas producer in the US by market cap. The company attained the position after its acquisition of Anadarko Petroleum in 2019, the 4th largest oil and gas acquisition at the time.

Berkshire Hathaway became Occidental Petroleum’s largest shareholder in mid-2022. The firm had purchased more than 26% of the shares as of 10/14/2022 and had regulatory approval to purchase up to 50% of the company in total.

OXY Stock Price History

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Company Calendar

Ex-Dividend for 4/15 Dividend
Dividend Payable
Last Earnings
Ex-Dividend for 7/15 Dividend
Dividend Payable
Next Earnings (Estimated)
Fiscal Year End

Industry, Sector and Symbol

Crude petroleum & natural gas
Integrated Oil & Gas
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Rating Score (0-4)
Research Coverage
14 Analysts


Net Income
$4.70 billion
Pretax Margin


Sales & Book Value

Annual Sales
$28.92 billion
Cash Flow
$11.85 per share
Book Value
$25.58 per share


Free Float
Market Cap
$56.22 billion

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OXY Stock Analysis - Frequently Asked Questions

Should I buy or sell Occidental Petroleum stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Occidental Petroleum in the last twelve months. There are currently 9 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" OXY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OXY, but not buy additional shares or sell existing shares.
View OXY analyst ratings
or view top-rated stocks.

What is Occidental Petroleum's stock price target for 2024?

14 Wall Street analysts have issued 1-year price objectives for Occidental Petroleum's shares. Their OXY share price targets range from $59.00 to $90.00. On average, they anticipate the company's share price to reach $71.00 in the next year. This suggests a possible upside of 12.0% from the stock's current price.
View analysts price targets for OXY
or view top-rated stocks among Wall Street analysts.

How have OXY shares performed in 2024?

Occidental Petroleum's stock was trading at $59.71 at the start of the year. Since then, OXY shares have increased by 6.2% and is now trading at $63.41.
View the best growth stocks for 2024 here

When is Occidental Petroleum's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our OXY earnings forecast

How were Occidental Petroleum's earnings last quarter?

Occidental Petroleum Co. (NYSE:OXY) posted its earnings results on Tuesday, May, 7th. The oil and gas producer reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01. The oil and gas producer earned $6.01 billion during the quarter, compared to analysts' expectations of $6.70 billion. Occidental Petroleum had a net margin of 15.62% and a trailing twelve-month return on equity of 17.50%. Occidental Petroleum's quarterly revenue was down 17.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 EPS.
Read the conference call transcript

How often does Occidental Petroleum pay dividends? What is the dividend yield for Occidental Petroleum?

Occidental Petroleum announced a quarterly dividend on Wednesday, May 1st. Investors of record on Monday, June 10th will be given a dividend of $0.22 per share on Monday, July 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Monday, June 10th.
Read our dividend analysis for OXY

Is Occidental Petroleum a good dividend stock?

Occidental Petroleum (NYSE:OXY) pays an annual dividend of $0.88 per share and currently has a dividend yield of 1.39%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 24.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OXY will have a dividend payout ratio of 17.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OXY.

What is Vicki Hollub's approval rating as Occidental Petroleum's CEO?

130 employees have rated Occidental Petroleum Chief Executive Officer Vicki Hollub on Glassdoor.com. Vicki Hollub has an approval rating of 40% among the company's employees. This puts Vicki Hollub in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Occidental Petroleum own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Occidental Petroleum investors own include Exxon Mobil (XOM), AT&T (T), Micron Technology (MU), Boeing (BA), Intel (INTC), Wells Fargo & Company (WFC), Cisco Systems (CSCO), Chevron (CVX), Pfizer (PFE) and General Electric (GE).

Who are Occidental Petroleum's major shareholders?

Occidental Petroleum's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (6.24%), Bank of New York Mellon Corp (1.38%), Twin Tree Management LP (0.00%), Janus Henderson Group PLC (0.32%), ANTIPODES PARTNERS Ltd (0.26%) and Simplex Trading LLC (0.00%). Insiders that own company stock include Avedick Baruyr Poladian, Berkshire Hathaway Inc, Christopher O Champion, Petroleum Corp /De/ Occidental, Stephen I Chazen and Vicki A Hollub.
View institutional ownership trends

How do I buy shares of Occidental Petroleum?

Shares of OXY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Occidental Petroleum have any subsidiaries?
The following companies are subsidiares of Occidental Petroleum: 1PointFive Inc., 1PointFive P1 LLC, 1PointFive P2 LLC, 4374607 Nova Scotia Company, APC Aviation Inc., APC International Holdings LLC, APC Midstream Holdings LLC, APC Venezuela Srl, ARCO Long Beach, Administradora General Delta Centro S.A., Altura Energy, Amarok Gathering LLC, Anadarko 20-25 Company, Anadarko 20-36 Company, Anadarko 20-47 Company, Anadarko 20-48 Company, Anadarko 20-49 Company, Anadarko Algeria Block 403 c/e Company, Anadarko Algeria Block 406B Company, Anadarko Algeria Oil & Gas Company, Anadarko Brazil Investment I LLC, Anadarko Brazil Investment II LLC, Anadarko Canada E&P Limited, Anadarko China Holdings 2 Company, Anadarko Colombia Company, Anadarko Consolidated Holdings LLC, Anadarko Cote d'Ivoire Block 103 Company, Anadarko Cote d'Ivoire Company, Anadarko DBMOS Operator LLC, Anadarko Development Company, Anadarko Development Holding Limited, Anadarko E&P Onshore LLC, Anadarko Egypt Holdings Company, Anadarko Energy Holding Limited, Anadarko Energy Services Company, Anadarko Exploracao e Producao de Petroleo e Gas Natural Ltda., Anadarko Finance Company, Anadarko Gabon Company, Anadarko Ghana Mahogany-1 Company, Anadarko Global Energy S.a.r.l, Anadarko Global Funding 1 Company, Anadarko Global Funding II Ltd., Anadarko Guyana Company, Anadarko Holding Company, Anadarko International Development S.a.r.l, Anadarko International Energy Company, Anadarko International O&G Company, Anadarko International Trading Corporation, Anadarko Jordan Company, Anadarko Kenya Company, Anadarko LMM S.a.r.l, Anadarko Land Corp., Anadarko M2 Holdings Limited, Anadarko Mexico B.V., Anadarko Mexico S.a.r.l, Anadarko Midkiff/Chaney Dell BR Corp., Anadarko Midkiff/Chaney Dell LLC, Anadarko Natural Gas Company LLC, Anadarko New Zealand Company, Anadarko OGC Company, Anadarko Offshore Holding Company LLC, Anadarko Offshore Well Containment Company LLC, Anadarko Oil & Gas 5 LLC, Anadarko Peru B.V., Anadarko Petroleum, Anadarko Petroleum Corporation, Anadarko Realty LLC, Anadarko Rockies LLC, Anadarko Royalty Holdings Company, Anadarko South Africa Pty Ltd., Anadarko US Offshore LLC, Anadarko USH1 Corporation, Anadarko Venezuela Company, Anadarko Venezuela LLC, Anadarko Venezuela Srl, Anadarko West Texas BR Corp., Anadarko West Texas LLC, Anadarko Worldwide Holdings C.V., Atlantic Rim Mexico S. de R.L. de C.V., Aventine LLC, Baseball Merger Sub 2 Inc., Bear Branch Exploration LLC, Big Island Trona Company, Bitter Creek Coal Company, Bravo Pipeline Company, Cain Chemical, Cain Chemical Inc., Carbon Finance Labs LLC, Concord Petroleum Corporation, Conn Creek Shale Company, D.S. Ventures LLC, DMM Financial LLC, Deerwood Exploration LLC, Downtown Plaza II, Elk Hills Field, FLAG Development LLC, FP Westport GmbH, FP Westport LLC, FP Westport Services LLC, FP Westport Trading LLC, Fosters Mill Exploration LLC, Glenn Springs Holdings Inc., Globrep Representaciones S.A., Grand Bassa Tankers Inc., Grupo OxyChem de Mexico S.A. de C.V., Houndstooth Resources LLC, INDSPEC Chemical B.V., INDSPEC Chemical Corporation, INDSPEC Chemical Export Sales LLC, INDSPEC Holding Corporation, Ingleside Cogeneration GP LLC, Ingleside Cogeneration Limited Partnership, Interore Trading Ltd., Joslyn Partnership, KERR-McGEE TT E&P LTD., KM BM-C-Seven Ltd., Kerr-McGee Corporation, Kerr-McGee Natural Gas Company Inc., Kerr-McGee Oil & Gas Onshore LP, Kerr-McGee Shared Services Company LLC, Kerr-McGee Stored Power Corporation, Kerr-McGee U.K. Energy Corporation, Kerr-McGee Worldwide Corporation, Kerr-McGee do Brasil Ltda., Kerr-McGee of Canada Northwest Ltd., Laguna Petroleum Corp., Laguna Petroleum LLC, Liwa Oil & Gas Ltd., MC2 Technologies LLC, Mariana Properties Inc., Marico Exploration Inc., Miller Springs Remediation Management Inc., Moncrief Minerals Partnership L.P., NGL Ventures LLC, Natural Gas Odorizing Inc., New OPL LLC, OEVC Energy LLC, OEVC Midstream Projects LLC, OIH LLC, OLCV CE Holdings ULC, OLCV CE US Holdings Inc., OLCV Net Power LLC, OLCV Services LLC, OOG Partner LLC, OOOI Chem Holdings LLC, OOOI Chem Sub LLC, OOOI Chemical International LLC, OOOI Chile Holder LLC, OOOI Ecuador Management LLC, OOOI Oil and Gas Sub LLC, OOOI South America Management LLC, OPM GP Inc., OPM Holdco LLC, OTCF LLC, OTH LLC, OXY CV Pipeline LLC, OXY Campus LLC, OXY Inc., OXY LPG LLC, OXY Libya E&P Area 103 BR4 B.V., OXY Libya E&P Area 35 Ltd., OXY Libya E&P Concession 103 Ltd., OXY Libya E&P EPSA 102 B.V., OXY Libya E&P EPSA 1981 Ltd., OXY Libya E&P EPSA 1985 Ltd., OXY Libya E&P NC 143 144 145 150 B.V., OXY Libya Exploration SPC, OXY Libya LLC, OXY Little Knife LLC, OXY Mexico Holdings I LLC, OXY Mexico Holdings II LLC, OXY Middle East Holdings Ltd., OXY Oil Partners Inc., OXY PBLP Manager LLC, OXY Support Services LLC, OXY Tulsa Inc., OXY USA Inc., OXY USA WTP LP, OXY VPP Investments LLC, OXY West LLC, OXY of Saudi Arabia Ltd., OXYCHEM CANADA INC., OXYMAR, Oakwood Exploration LLC, Occidental Advance Sale Finance Inc., Occidental Al Hosn Holding Limited, Occidental Al Hosn LLC, Occidental Angola Holdings Ltd., Occidental Bermuda Ltd., Occidental CIS Services Inc., Occidental Canada Holdings ULC, Occidental Chemical Asia Limited, Occidental Chemical Belgium B.V.B.A., Occidental Chemical Chile Limitada, Occidental Chemical Corporation, Occidental Chemical Export Sales LLC, Occidental Chemical Far East Limited, Occidental Chemical Holding Corporation, Occidental Chemical International LLC, Occidental Chemical Investment Canada 1 Inc., Occidental Chemical Receivables LLC, Occidental Chemical de Mexico S.A. de C.V., Occidental Chile Investments LLC, Occidental Chile Minority Holder LLC, Occidental Colombia Series G Ltd., Occidental Colombia Series J Ltd., Occidental Colombia Series K Ltd., Occidental Colombia Series L Ltd., Occidental Colombia Series M Ltd., Occidental Colombia Series N Ltd., Occidental Colombia Series O Ltd., Occidental Crude Sales Inc. Canada, Occidental Crude Sales Inc. International, Occidental Dolphin Holdings Ltd., Occidental East Shabwa LLC, Occidental Economic Opportunity Zone Investments LLC, Occidental Energy Marketing Inc., Occidental Energy Ventures LLC, Occidental Exploradora del Peru Ltd., Occidental Exploration and Production Company, Occidental Hafar LLC, Occidental International Corporation, Occidental International Exploration and Production Company, Occidental International Holdings Ltd., Occidental International Libya Inc., Occidental International Oil and Gas Ltd., Occidental International Services Inc., Occidental Joslyn GP 2 Co., Occidental LNG Malaysia Ltd., Occidental Latin America Holdings LLC, Occidental Libya Oil & Gas B.V., Occidental MENA Manager Ltd., Occidental Middle East Development Company, Occidental Midland Basin LLC, Occidental Mukhaizna LLC, Occidental Oil Asia Pte. Ltd., Occidental Oil Shale Inc., Occidental Oil and Gas Corporation, Occidental Oil and Gas International Inc., Occidental Oil and Gas International LLC, Occidental Oil and Gas Oman Ltd., Occidental Oil and Gas Pakistan LLC, Occidental Oil and Gas of Peru LLC, Occidental Oman Block 27 Holdings Ltd., Occidental Oman Block 51 Holding Ltd., Occidental Oman Block 51 LLC, Occidental Oman Block 65 Holding Ltd., Occidental Oman Block 65 LLC, Occidental Oman Block 72 Holding Ltd., Occidental Oman Block 72 LLC, Occidental Oman Gas Company LLC, Occidental Oman Gas Holdings Ltd., Occidental Oman North Holdings Ltd., Occidental Oriente Exploration and Production Ltd., Occidental Overseas Holdings B.V., Occidental PVC LLC, Occidental Peninsula II Inc., Occidental Peninsula LLC, Occidental Permian Ltd., Occidental Permian Manager LLC, Occidental Permian Services Inc., Occidental Peruana Inc., Occidental Petrolera del Peru Block 101 Inc., Occidental Petrolera del Peru Block 103 Inc., Occidental Petroleum Corporation, Occidental Petroleum Corporation Political Action Committee, Occidental Petroleum Pakistan Inc., Occidental Petroleum de Venezuela S.A., Occidental Petroleum of Nigeria, Occidental Petroleum of Oman Ltd., Occidental Petroleum of Qatar Ltd., Occidental Power Marketing L.P., Occidental Power Services Inc., Occidental Qatar Energy Company LLC, Occidental Red Sea Development LLC, Occidental Research Corporation, Occidental Resource Recovery Systems Inc., Occidental Resources Company, Occidental Shah Gas Holdings Ltd., Occidental South America Finance LLC, Occidental Specialty Marketing Inc., Occidental Tower Corporation, Occidental Transportation Holding Corporation, Occidental West Texas Overthrust Inc., Occidental Yemen Ltd., Occidental Yemen Sabatain Inc., Occidental of Abu Dhabi Bab Ltd., Occidental of Abu Dhabi Holdings Ltd., Occidental of Abu Dhabi LLC, Occidental of Abu Dhabi Ltd., Occidental of Abu Dhabi Shah Ltd., Occidental of Algeria LLC, Occidental of Bahrain Ltd., Occidental of Bangladesh Inc., Occidental of Colombia Chipiron Inc., Occidental of Colombia Cosecha Inc., Occidental of Colombia Medina Inc., Occidental of Colombia PUT-36 LLC, Occidental of Colombia Putumayo Ltd., Occidental of Colombia Teca Ltd., Occidental of Dubai Inc., Occidental of Iraq Holdings Ltd., Occidental of Iraq LLC, Occidental of Oman Inc., Occidental of Russia Ltd., Occidental of South Africa Offshore Inc., Occidental of Yemen Block 75 LLC, Oceanic Marine Transport Ltd., Opcal Insurance Inc., Oryx Crude Trading & Transportation Inc., Oxy Barilla Draw Gathering LLC, Oxy BridgeTex Limited Partnership, Oxy C & I Bulk Sales LLC, Oxy Canada Sales Inc., Oxy Carbon Solutions LLC, Oxy Carbon Storage LLC, Oxy Climate Ventures Inc., Oxy Cogeneration Holding Company LLC, Oxy Colombia Holdings LLC, Oxy Colombia TopCo Ltd., Oxy Delaware Basin LLC, Oxy Delaware Basin Plant LLC, Oxy Dolphin E&P LLC, Oxy Dolphin Pipeline LLC, Oxy Energy Canada Inc., Oxy Energy Services LLC, Oxy Expatriate Services Inc., Oxy FFT Holdings Inc., Oxy Holding Company Pipeline Inc., Oxy International Ventures Ltd., Oxy LPG Terminal LLC, Oxy Levelland Pipeline Company LLC, Oxy Levelland Terminal Company LLC, Oxy Low Carbon Ventures LLC, Oxy Midstream Strategic Development LLC, Oxy Oleoducto SOP LLC, Oxy Overseas Services Ltd., Oxy Permian Gathering LLC, Oxy Permian Plaza LLC, Oxy Petroleum de Mexico S. de R.L. de C.V., Oxy Renewable Energy LLC, Oxy Salt Creek Pipeline LLC, Oxy TL LLC, Oxy Taft Hub LLC, Oxy Technology Ventures Inc., Oxy Transport I Company LLC, Oxy Vinyls Canada Co., Oxy Vinyls Export Sales LLC, Oxy Vinyls LP, Oxy Westwood Corporation, Oxy Y-1 Company, OxyChem Corporation, OxyChem Ingleside Ethylene Holdings Inc., OxyChem do Brasil Ltda., OxyChile Investments LLC, Oxychem Shipping Ltd., Permian Basin JV Tax Matters Member LLC, Permian Basin Limited Partnership, Permian VPP Holder LP, Permian VPP Manager LLC, Phibro, Placid Oil LLC, Ramlat Oxy Ltd., Rio de Viento Inc., Rodeo Midland Basin LLC, San Patricio Pipeline LLC, Scanports Shipping LLC, SequestCo LLC, Stetson Exploration LLC, Sun Offshore Gathering Company, Swiflite Aircraft Corporation, Transok Properties LLC, Troy Potter Inc., Turavent Oil GmbH, Tuscaloosa Holdings Inc., UP Petroleo III Ltd., Upland Industries Corporation, Venezuela US SRL, Vintage Gas Inc., Vintage Petroleum, Vintage Petroleum Argentina Ltd., Vintage Petroleum Boliviana Ltd., Vintage Petroleum International Finance B.V., Vintage Petroleum International Holdings LLC, Vintage Petroleum International LLC, Vintage Petroleum International Ventures Inc., Vintage Petroleum Italy Inc., Vintage Petroleum South America Holdings Inc., Vintage Petroleum South America LLC, Vintage Petroleum Turkey Inc., WGR Asset Holding Company LLC, WGR Canada Inc., Wardner Ranch Inc., Western Gas Resources Inc., Western Gas Resources-Westana Inc., Western Midstream Holdings LLC, Woodlands International Insurance Ltd., and YT Ranch LLC.
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This page (NYSE:OXY) was last updated on 5/17/2024 by MarketBeat.com Staff

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