Occidental Petroleum Corp (OXY) Stock AnalysisOXYOccidental Petroleum Corp

Occidental Petroleum Corporation is an international energy company with assets primarily in the United States, the Middle East and North Africa. The Company is an oil and gas producer in the United States, including a producer in the Permian and DJ basins, and the offshore Gulf of Mexico. It operates through two segments, which include oil and gas and midstream and marketing. The oil and gas segment explores for, develops and produces oil (which includes condensate), natural gas liquids (NGL) and natural gas. The midstream and marketing segment purchases, markets, gathers, processes, transports and stores oil (which includes condensate), NGL, natural gas, carbon dioxide (CO2) and power. It also optimizes its transportation and storage capacity and invests in entities that conduct similar activities. The midstream and marketing segment provides flow assurance and maximizes the value of its oil and gas. It operates in the Energy sector (CRUDE PETROLEUM & NATURAL GAS industry).

Occidental Petroleum Corp (OXY) is a good buy right now due to its current price of $59.1, which is below the average analyst price target of $70, suggesting a potential upside of approximately 18.7%. Additionally, the company's recent earnings report showed an EPS of 2.40, exceeding estimates by 22.45%, and a gross margin of 57.51% in Q2 2026, indicating strong profitability. The main risk is the recent 5-day change of -3.59%, reflecting short-term volatility.

24 analysts cover OXY: 7 rate it Buy, 15 Hold and 2 Sell. The average price target is 47.27.