OXY icon

Occidental Petroleum

46.98 USD
-0.38
0.80%
At close Feb 6, 4:00 PM EST
Pre-market
47.16
+0.18
0.38%
1 day
-0.80%
5 days
-2.51%
1 month
-7.47%
3 months
-8.58%
6 months
-16.30%
Year to date
-5.68%
1 year
-18.39%
5 years
11.54%
10 years
-42.53%
 

About: Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2023, the company reported net proved reserves of nearly 4 billion barrels of oil equivalent. Net production averaged 1,234 thousand barrels of oil equivalent per day in 2023 at a ratio of roughly 50% oil and natural gas liquids and 50% natural gas.

Employees: 12,570

0
Funds holding %
of 6,831 funds
0
Analysts bullish %
of 11 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

18% more repeat investments, than reductions

Existing positions increased: 465 | Existing positions reduced: 394

9% more funds holding in top 10

Funds holding in top 10: 23 [Q2] → 25 (+2) [Q3]

4% less first-time investments, than exits

New positions opened: 136 | Existing positions closed: 141

2% less funds holding

Funds holding: 1,196 [Q2] → 1,178 (-18) [Q3]

4.75% less ownership

Funds ownership: 82.21% [Q2] → 77.46% (-4.75%) [Q3]

19% less capital invested

Capital invested by funds: $45.9B [Q2] → $37.4B (-$8.59B) [Q3]

35% less call options, than puts

Call options by funds: $1.56B | Put options by funds: $2.38B

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$45
4%
downside
Avg. target
$59
27%
upside
High target
$78
66%
upside

11 analyst ratings

positive
27%
neutral
64%
negative
9%
Goldman Sachs
Neil Mehta
50% 1-year accuracy
30 / 60 met price target
4%downside
$45
Sell
Downgraded
31 Jan 2025
Truist Securities
Neal Dingmann
35% 1-year accuracy
54 / 156 met price target
23%upside
$58
Hold
Maintained
13 Jan 2025
Piper Sandler
Ryan Todd
19% 1-year accuracy
7 / 36 met price target
9%upside
$51
Neutral
Maintained
19 Dec 2024
Mizuho
Nitin Kumar
41% 1-year accuracy
30 / 73 met price target
49%upside
$70
Neutral
Maintained
16 Dec 2024
UBS
Josh Silverstein
35% 1-year accuracy
17 / 48 met price target
9%upside
$51
Neutral
Maintained
9 Dec 2024

Financial journalist opinion

Based on 44 articles about OXY published over the past 30 days

Positive
The Motley Fool
2 days ago
Warren Buffett Just Added $610 Million Worth of These 3 Stocks to Berkshire Hathaway's Portfolio. Here's the Best of the Bunch.
Warren Buffett is one of the most widely followed investment managers in the world. And there's good reason for that.
Warren Buffett Just Added $610 Million Worth of These 3 Stocks to Berkshire Hathaway's Portfolio. Here's the Best of the Bunch.
Positive
The Motley Fool
3 days ago
28.4% of Warren Buffett's $303 Billion Portfolio Is Invested in 3 Stocks He Plans to Hold Forever
One of the most famous Warren Buffett quotes comes from his 1988 letter to Berkshire Hathaway (BRK.A -0.86%) (BRK.B -0.87%) shareholders: "When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever."
28.4% of Warren Buffett's $303 Billion Portfolio Is Invested in 3 Stocks He Plans to Hold Forever
Neutral
Seeking Alpha
3 days ago
We Like Occidental Petroleum -- Goldman Is Just Impatient
Occidental Petroleum Corporation's share price underperformed due to Goldman Sachs' downgrade, citing the company's focus on debt reduction over immediate capital returns to shareholders. Despite weak oil prices, Occidental maintains strong production and FCF, with a breakeven at $45/barrel and a double-digit FCF yield. The company is advancing DAC projects for emissions management, though these will take years to significantly impact its portfolio and revenue.
We Like Occidental Petroleum -- Goldman Is Just Impatient
Positive
Reuters
3 days ago
Colombia's Ecopetrol renews joint venture with Occidental Petroleum in Permian basin
Colombian energy company Ecopetrol said on Monday it has reached an agreement to renew its oil joint venture with Occidental Petroleum in the U.S. Permian basin in Texas.
Colombia's Ecopetrol renews joint venture with Occidental Petroleum in Permian basin
Positive
Finbold
4 days ago
Warren Buffett ‘can't seem to save' his favorite energy stock amid new lows
Occidental Petroleum Corp (NYSE: OXY), a favorite of Warren Buffett's Berkshire Hathaway (NYSE: BRK.A), continues to record losses even as the billionaire maintains confidence in the company.
Warren Buffett ‘can't seem to save' his favorite energy stock amid new lows
Positive
Seeking Alpha
1 week ago
Occidental Petroleum's Undervaluation Builds Up
Despite OXY's underperformance, its fundamentals and valuation have improved, presenting a long-term buying opportunity amid oil and gas market volatility. Q3 FY2024 earnings beat expectations with strong production levels, cost control, and debt management, leading to solid cash flow and FCF. Analysts' lower Q4 EPS should be offset by increased production and CrownRock acquisition benefits, suggesting potential EPS beat for Q4.
Occidental Petroleum's Undervaluation Builds Up
Neutral
GlobeNewsWire
1 week ago
Oman Midstream & Downstream Oil & Gas Market Outlook to 2032, Featuring Petroleum Development Oman (PDO), Oman Oil Company, Occidental Petroleum and More
Dublin, Jan. 30, 2025 (GLOBE NEWSWIRE) -- The "Oman Midstream & Downstream Oil & Gas Market Outlook: Supply & Demand of Oil, Gas, Gasoline, Diesel, Fuel Oil, Future Investments, Projects, Refining, LNG, Gas Processing, Pipelines, and Oil Terminals, 2025 and Beyond" report has been added to ResearchAndMarkets.com's offering. This report provides an in-depth analysis of Oman's midstream and downstream oil and gas sectors, offering crucial insights into infrastructure, market trends, supply-demand dynamics, and future growth projections. This comprehensive report examines key aspects of both sectors, with a focus on developments up to 2025 and beyond. The report covers the full spectrum of midstream and downstream activities, detailing transportation, storage, refining, and processing of crude oil, natural gas, refined products, and LNG. Key infrastructure developments such as oil and gas pipelines, storage terminals, refineries, and LNG facilities are explored, offering insights into their current operational status, capacities, and planned expansions. Detailed plant-level data is included to assess the capabilities of critical midstream and downstream facilities across the country. Supply and demand trends for crude oil, natural gas, gasoline, diesel, and fuel oil are comprehensively analyzed, with a focus on both domestic consumption patterns and export potentials, particularly for LNG and refined petroleum products. The report highlights the growing demand for specific petroleum products, forecasts future consumption, and evaluates the supply-demand gap, helping stakeholders understand regional disparities and market dynamics. The competitive landscape of the midstream and downstream sectors is thoroughly examined, with profiles of leading companies operating in these areas. Their strategies, financial performance, and market share are analyzed, providing an understanding of the competitive forces shaping the market. The report also explores key investment opportunities, detailing upcoming projects in refining, LNG terminals, storage capacity, and gas processing facilities. Additionally, the financial outlook for Oman's midstream and downstream oil and gas sectors is assessed, considering investment trends and the broader economic factors that could influence growth. The report also identifies risks and challenges, including geopolitical, regulatory, and environmental concerns that may impact the future trajectory of the industry. This report offers invaluable insights for investors, policymakers, and industry stakeholders, helping them navigate the complexities of Oman's midstream and downstream oil and gas markets. It serves as a critical resource for making informed decisions on investment opportunities, project feasibility, and strategic planning, while understanding the evolving market conditions and potential risks and rewards.
Oman Midstream & Downstream Oil & Gas Market Outlook to 2032, Featuring Petroleum Development Oman (PDO), Oman Oil Company, Occidental Petroleum and More
Negative
Finbold
1 week ago
2 stocks to turn $100 into $1000 in 2025 after DeepSeek market chaos
The stock market is still finding its footing after the January 27 sell-off, triggered by fears over the possible drop in artificial intelligence (AI) hardware spending.
2 stocks to turn $100 into $1000 in 2025 after DeepSeek market chaos
Neutral
Zacks Investment Research
1 week ago
Occidental Petroleum (OXY) Rises As Market Takes a Dip: Key Facts
In the closing of the recent trading day, Occidental Petroleum (OXY) stood at $49.56, denoting a +0.55% change from the preceding trading day.
Occidental Petroleum (OXY) Rises As Market Takes a Dip: Key Facts
Positive
Zacks Investment Research
1 week ago
Occidental Petroleum Corporation (OXY) Is a Trending Stock: Facts to Know Before Betting on It
Occidental (OXY) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Occidental Petroleum Corporation (OXY) Is a Trending Stock: Facts to Know Before Betting on It
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