Occidental Petroleum (OXY) Stock Forecast & Price Target

$55.92 +0.01 (+0.02%)

Closing price 08/7/2026 03:59 PM Eastern

Extended Trading

$55.98 +0.05 (+0.10%)

As of 08/7/2026 07:55 PM Eastern

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

Consensus Rating

Hold

Based on 26 Analyst Ratings

Sell
0

Hold
16

Buy
10

Based on 26 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 26 analysts, 16 have given a hold rating, and 10 have given a buy rating for OXY.

Consensus Price Target

$64.61
15.54% Upside

According to the 26 analysts' twelve-month price targets for Occidental Petroleum, the average price target is $64.61. 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 15.54% from the current price of $55.92.

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 8/10/25 to 8/10/26	1 Month Ago 7/11/25 to 7/11/26	3 Months Ago 5/12/25 to 5/12/26	1 Year Ago 8/10/24 to 8/10/25
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)	8 Buy rating(s)	5 Buy rating(s)
Hold	16 Hold rating(s)	16 Hold rating(s)	15 Hold rating(s)	14 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$64.61	$64.48	$62.43	$53.71
Forecasted Upside	15.54% Upside	21.97% Upside	11.04% Upside	21.22% 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	2.38	2.41	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	15.54% Upside	46.92% Upside	11.64% 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
8/7/2026	Wells Fargo & Company 3 of 5 stars	Sam Margolin Not Rated	Boost Target	Overweight	$72.00 ➝ $79.00	+42.31%
8/6/2026	Barclays 3 of 5 stars	Betty Jiang 4 of 5 stars	Boost Target	Overweight	$72.00 ➝ $75.00	+32.41%
7/17/2026	Citigroup 4 of 5 stars	Scott Gruber 5 of 5 stars	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%
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%
6/23/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Hold (C+) ➝ Hold (C)
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%
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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%
5/8/2026	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	Lower Target	Hold	$65.00 ➝ $57.00	+6.44%
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%
4/21/2026	Susquehanna Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Positive	$60.00 ➝ $67.00	+22.81%
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 Monday at 03:18 AM 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 Sunday, August 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.:

The current stock price is around $55.96, which is significantly lower than its twelve-month high of $67.45, potentially offering a buying opportunity for investors looking for value.
Occidental Petroleum Co. recently reported strong quarterly earnings, with earnings per share surpassing analysts' expectations, indicating robust financial performance.
The company has a solid net margin of 28.36%, reflecting effective cost management and profitability, which can be attractive to investors seeking stable returns.
With a current ratio of 1.21, Occidental Petroleum Co. demonstrates good short-term financial health, suggesting it can cover its short-term liabilities with its short-term assets.
The firm has increased its quarterly dividend to $0.28, representing a yield of 2.0%, which can provide a steady income stream for investors.

Occidental Petroleum
Bear Case

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

The company's revenue for the latest quarter was down 8.3% compared to the same quarter last year, indicating potential challenges in maintaining growth.
Analysts have mixed ratings on the stock, with a consensus rating of "Hold," suggesting uncertainty about its future performance.
Occidental Petroleum Co. has a debt-to-equity ratio of 0.49, which, while manageable, indicates that the company is somewhat reliant on debt financing, posing risks in volatile market conditions.
Recent price target reductions by analysts, including a downgrade from Goldman Sachs, may signal a lack of confidence in the stock's near-term prospects.
Despite a strong net margin, the overall market conditions for oil and gas can be unpredictable, which may affect the company's future profitability.

OXY Forecast - Frequently Asked Questions

According to the research reports of 26 Wall Street equities research analysts, the average twelve-month stock price forecast for Occidental Petroleum is $64.61, with a high forecast of $79.00 and a low forecast of $45.00.

26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Occidental Petroleum in the last year. There are currently 16 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities 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.

According to analysts, Occidental Petroleum's stock has a predicted upside of 15.54% based on their 12-month stock forecasts.

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

Occidental Petroleum has been rated by research analysts at Barclays, Capital One Financial, Citigroup, Evercore, Mizuho, Morgan Stanley, Stephens, The Goldman Sachs Group, 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 2.38 while the average consensus rating score for "energy" companies is 2.41. Learn more on how OXY compares to other companies.

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This page (NYSE:OXY) was last updated on 8/10/2026 by MarketBeat.com Staff.

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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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Stock Ideas and 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