Occidental Petroleum (OXY) Stock Forecast & Price Target

$61.02 -0.28 (-0.46%)

As of 03:43 PM Eastern

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Occidental Petroleum - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Hold

Based on 27 Analyst Ratings

Sell
0

Hold
17

Buy
10

Based on 27 Wall Street analysts who have issued ratings for Occidental Petroleum in the last 12 months, the stock has a consensus rating of "Hold." Out of the 27 analysts, 17 have given a hold rating, and 10 have given a buy rating for OXY.

Consensus Price Target

$64.96
6.45% Upside

According to the 27 analysts' twelve-month price targets for Occidental Petroleum, the average price target is $64.96. The highest price target for OXY is $79.00, while the lowest price target for OXY is $45.00. The average price target represents a forecasted upside of 6.45% from the current price of $61.02.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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OXY Analyst Ratings Over Time

Type	Current Forecast 9/10/25 to 9/10/26	1 Month Ago 8/11/25 to 8/11/26	3 Months Ago 6/12/25 to 6/12/26	1 Year Ago 9/10/24 to 9/10/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	10 Buy rating(s)	9 Buy rating(s)	4 Buy rating(s)
Hold	17 Hold rating(s)	16 Hold rating(s)	15 Hold rating(s)	15 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$64.96	$65.00	$63.74	$53.76
Forecasted Upside	6.45% Upside	10.08% Upside	12.76% Upside	16.23% Upside
Consensus Rating	Hold	Hold	Hold	Hold

OXY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

OXY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Occidental Petroleum Stock vs. The Competition

Type	Occidental Petroleum	Energy Companies	Broader Market
Consensus Rating Score	2.37	2.43	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	6.15% Upside	30.65% Upside	16.96% Upside
News Sentiment Rating	Positive News See Recent OXY News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/10/2026	Stifel Nicolaus 4 of 5 stars		Initiated Coverage	Hold	$68.00	+11.50%
8/25/2026	Weiss Ratings 5 of 5 stars		Downgrade	Hold (C+) ➝ Hold (C)
8/17/2026	Barclays 3 of 5 stars	Betty Jiang 4 of 5 stars	Lower Target	Overweight	$75.00 ➝ $71.00	+21.45%
8/11/2026	Susquehanna Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Biju Perincheril Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Positive	$67.00 ➝ $70.00	+19.62%
8/10/2026	Truist Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Gabe Daoud Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Hold	$57.00 ➝ $63.00	+7.38%
8/7/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Sam Margolin Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$72.00 ➝ $79.00	+42.31%
7/17/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Scott Gruber Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Neutral	$62.00 ➝ $60.00	+9.56%
7/14/2026	Stephens Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Mike Scialla Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Overweight	$73.00 ➝ $69.00	+25.66%
7/8/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	In-Line ➝ Outperform	$65.00	+25.72%
6/30/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Neutral	$64.00 ➝ $60.00	+21.58%
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6/26/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Devin McDermott Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Equal Weight	$74.00 ➝ $68.00	+36.19%
6/22/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
5/27/2026	Capital One Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target		$67.00 ➝ $70.00	+21.74%
5/27/2026	Mizuho Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Nitin Kumar Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$72.00 ➝ $75.00	+30.12%
5/7/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Josh Silverstein Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Neutral	$67.00 ➝ $65.00	+21.20%
5/7/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Arun Jayaram Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target		$64.00 ➝ $63.00	+17.47%
5/4/2026	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Outperform	$64.00 ➝ $75.00	+25.92%
4/22/2026	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Betty Zhang Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Sector Perform	$46.00 ➝ $57.00	+0.22%
4/15/2026	Roth Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Neutral	$45.00 ➝ $55.00	-0.57%
4/13/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Hold	$47.00 ➝ $58.00	-1.69%
4/7/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Market Perform	$60.00 ➝ $65.00	+13.49%
4/6/2026	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Outperform	$67.00 ➝ $70.00	+10.91%
3/20/2026	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Samantha Hoh Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$59.00 ➝ $68.00	+14.07%
3/12/2026	Piper Sandler Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Mark Lear Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Neutral ➝ Overweight	$54.00 ➝ $66.00	+18.82%
2/27/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold
2/23/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Hold	$48.00 ➝ $54.00	+1.81%
1/27/2026	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jean Ann Salisbury Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target		$44.00 ➝ $45.00	-0.84%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 03:43 PM ET.

Should I Buy Occidental Petroleum Stock? OXY Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, September 9, 2026. Please send any questions or comments about these Occidental Petroleum pros and cons to contact@marketbeat.com.

Occidental Petroleum
Bull Case

Here are some ways that investors could benefit from investing in Occidental Petroleum Co.:

Occidental Petroleum Co. recently reported a significant earnings beat, delivering $2.40 in earnings per share for the quarter compared to the analyst consensus estimate of $1.83, which demonstrates strong operational performance and profitability that exceeds market expectations.
The company recently increased its quarterly dividend to $0.28 per share, representing an annualized yield of approximately 1.8% based on the current stock price of $61.39, providing a reliable income stream for investors while maintaining a low dividend payout ratio of 16.10%.
Unusually large options trading activity was observed recently, with traders purchasing 134,743 call options, a volume increase of approximately 177% compared to the average, suggesting strong speculative interest and potential bullish sentiment among market participants.
CEO Richard Jackson recently acquired 4,770 shares of the company at an average cost of $52.38, signaling insider confidence in the stock's future value and alignment with shareholder interests.
Several institutional investors, including Amundi and Wellington Management Group, increased their positions in the second quarter, indicating that large financial entities are accumulating shares and viewing the company as a favorable investment opportunity.

Occidental Petroleum
Bear Case

Investors should be bearish about investing in Occidental Petroleum Co. for these reasons:

The stock carries a high debt-to-equity ratio of 0.40, which indicates a significant level of leverage that could pose financial risks if oil prices decline or interest rates remain elevated, potentially impacting the company's ability to service its debt.
Wall Street analysts have assigned a consensus rating of "Hold" with a price target of $64.83, which is only slightly above the current stock price of $61.39, suggesting limited near-term upside potential and a cautious outlook from professional investors.
Short interest in the stock remains notable, with approximately 22.5 million shares shorted as of the most recent record date, indicating that a portion of the market is betting against the stock's performance and could exert downward pressure on the price.
Some institutional investors, such as HighTower Advisors LLC, have reduced their holdings in the company, trimming their positions by 5.1% in the second quarter, which may reflect a lack of confidence in the stock's immediate growth prospects.
The company's revenue growth has been inconsistent, with a year-over-year decline of 8.3% reported in the most recent quarter, suggesting potential challenges in maintaining top-line growth despite strong earnings performance.

OXY Forecast - Frequently Asked Questions

According to the research reports of 27 Wall Street equities research analysts, the average twelve-month stock price forecast for Occidental Petroleum is $64.96, with a high forecast of $79.00 and a low forecast of $45.00.

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Occidental Petroleum in the last twelve months. There are currently 17 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street 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.

According to analysts, Occidental Petroleum's stock has a predicted upside of 6.45% based on their 12-month stock forecasts.

Over the previous 90 days, Occidental Petroleum's stock had 3 downgrades and 2 upgrades by analysts.

Occidental Petroleum has been rated by research analysts at Barclays, Citigroup, Evercore, Morgan Stanley, Stephens, Stifel Nicolaus, Susquehanna, The Goldman Sachs Group, Truist Financial, Weiss Ratings, Wells Fargo & Company, and Zacks Research in the past 90 days.

Analysts like Occidental Petroleum less than other "energy" companies. The consensus rating score for Occidental Petroleum is 2.37 while the average consensus rating score for "energy" companies is 2.43. Learn more on how OXY compares to other companies.

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MarketBeat monitors more than a dozen sources for Occidental Petroleum analyst ratings, with the most recent rating issued on 9/10/2026.

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Occidental Petroleum (OXY) Stock Forecast & Price Target

Occidental Petroleum - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

OXY Analyst Ratings Over Time

OXY Analyst Recommendations By Month

OXY Price Targets by Month

Occidental Petroleum Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Occidental Petroleum Stock? OXY Pros and Cons Explained

Occidental Petroleum
Bull Case

Occidental Petroleum
Bear Case

OXY Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Occidental Petroleum Recommendations

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Occidental Petroleum (OXY) Stock Forecast & Price Target

Occidental Petroleum - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

OXY Analyst Ratings Over Time

OXY Analyst Recommendations By Month

OXY Price Targets by Month

Occidental Petroleum Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Occidental Petroleum Stock? OXY Pros and Cons Explained

Occidental Petroleum Bull Case

Occidental Petroleum Bear Case

OXY Forecast - Frequently Asked Questions

What is Occidental Petroleum's forecast for 2026?

Should I buy or sell Occidental Petroleum stock right now?

Does Occidental Petroleum's stock price have much upside?

Has Occidental Petroleum been upgraded or downgraded by Wall Street analysts recently?

What analysts cover Occidental Petroleum?

Do Wall Street analysts like Occidental Petroleum more than its competitors?

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Occidental Petroleum Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Occidental Petroleum
Bull Case

Occidental Petroleum
Bear Case