OXY

Occidental Petroleum Corporation

$62.97

+1.19%
Apr 2, 2026
Bobby Quantitative Model
Occidental Petroleum is an independent oil and gas exploration and production company operating primarily in the US, Latin America, and the Middle East. It is a major player with substantial proved reserves and a balanced production mix of oil, liquids, and natural gas.

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OXY 12-Month Price Forecast

Historical Price
Current Price $62.97
Average Target $62.97
High Target $72.4155
Low Target $53.524499999999996

Wall Street consensus

Most Wall Street analysts maintain a constructive view on Occidental Petroleum Corporation's 12-month outlook, with a consensus price target around $81.86 and implied upside of +30.0% versus the current price.

Average Target

$81.86

2 analysts

Implied Upside

+30.0%

vs. current price

Analyst Count

2

covering this stock

Price Range

$50 - $82

Analyst target range

Buy
0 (0%)
Hold
1 (50%)
Sell
1 (50%)

Data not available. The provided analyst data includes forward estimates for EPS and revenue but does not contain consensus target prices or a distribution of ratings (e.g., Buy, Hold, Sell). Therefore, a summary of Wall Street analyst consensus on price targets cannot be provided.

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OXY Technical Analysis

The stock has demonstrated a strong and sustained uptrend over the observed six-month period, rising from around $44 in October 2025 to $65 by the end of March 2026. This bullish momentum is confirmed by significant positive relative strength, with the stock gaining 58.07% over the past three months while the S&P 500 declined 4.63%. Short-term performance has been exceptionally strong, with a 22.46% gain over the past month, far outpacing the broader market's 5.25% decline. The stock's current price of $65 sits near the top of its 52-week range of $34.78 to $67.45, indicating it is trading close to its recent highs and reflecting strong investor confidence.

Beta

0.35

0.35x market volatility

Max Drawdown

-27.4%

Largest decline past year

52-Week Range

$35-$67

Price range past year

Annual Return

+27.7%

Cumulative gain past year

PeriodOXY ReturnS&P 500
1m+17.3%-3.6%
3m+48.6%-4.0%
6m+40.4%-2.0%
1y+27.7%+16.2%
ytd+48.6%-3.8%

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OXY Fundamental Analysis

Revenue and profitability have been volatile, reflecting the cyclical nature of the energy sector. The most recent quarterly revenue of $5.01 billion showed a 27.6% year-over-year decline, and net income of $102 million was a significant drop from the $830 million in the prior quarter. However, the trailing twelve-month net margin is reported at 10.97%, indicating underlying profitability. Financial health appears stable with a debt-to-equity ratio of 0.66 and strong free cash flow generation of $4.11 billion over the trailing twelve months. Operational efficiency, as measured by Return on Equity (ROE), is currently at 6.57%, which is modest but positive.

Quarterly Revenue

$5.0B

2025-12

Revenue YoY Growth

-0.27%

YoY Comparison

Gross Margin

+0.27%

Latest Quarter

Free Cash Flow

$4.1B

Last 12 Months

Revenue & Net Income Trends (2 Years)

Revenue Breakdown

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Valuation Analysis: Is OXY Overvalued?

Given that the company is profitable (Net Income > 0), the primary valuation metric used is the Price-to-Earnings (P/E) ratio. Occidental's trailing P/E ratio is 16.93, while its forward P/E is 21.11 based on analyst estimates. The company also trades at a Price-to-Sales (P/S) ratio of 1.86 and an Enterprise Value-to-EBITDA (EV/EBITDA) ratio of 5.46. Peer comparison data is not available in the provided inputs, so a relative assessment against industry averages cannot be made.

PE

16.9x

Latest Quarter

vs. Historical

Mid-Range

5-Year PE Range -93x~100x

vs. Industry Avg

N/A

Industry PE ~N/A*

EV/EBITDA

5.5x

Enterprise Value Multiple

Investment Risk Disclosure