Occidental Petroleum (OXY) News Today

Occidental Petroleum Corporation (OXY) has seen its shares move higher, supported by positive analyst actions and bullish investor interest, although some earnings estimates have been trimmed. Key developments for investors:

• Positive Sentiment: Scotiabank raised its price target on OXY to $45.00 (from $40.00) while maintaining a “sector perform” rating, reflecting growing confidence in the stock’s midterm potential. Occidental Petroleum Price Target Raised
• Positive Sentiment: Despite a broader market slip, OXY shares closed up 1%, signaling resilience amid sector weakness. Occidental Petroleum Increases Despite Market Slip
• Positive Sentiment: Analysts highlight OXY’s strategic acquisitions and high-margin Permian Basin assets as key drivers of long-term value creation. Can Acquisitions Create Long-Term Value
• Positive Sentiment: Warren Buffett’s investment vehicle continues to hold a significant stake in OXY, reinforcing confidence from a marquee value investor. Warren Buffett Backing Energy Stock
• Neutral Sentiment: Institutional holders may be encouraged by recent share gains after a 24% decline over the last 12 months. Institutional Owners Pleased with Gains
• Neutral Sentiment: An analysis of OXY’s intrinsic value under various scenarios aims to provide a long-term perspective but offers no immediate catalyst. Intrinsic Value Calculation
• Neutral Sentiment: A report on smuggled cigarettes seized in Negros Occidental is unrelated to Occidental Petroleum’s operations. P4.7M Smuggled Cigarettes Seized
• Negative Sentiment: Zacks Research cut its Q2 2026 EPS estimate for OXY to $0.52 (from $0.53), signaling slightly softer near-term earnings expectations. Zacks Research Issues Pessimistic Outlook