Occidental Petroleum
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
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
11 analyst ratings
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









