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 is a good buy right now, as it is currently priced at $60.11 with a forward P/E of 14.56, indicating potential for growth given its strong earnings performance. The company recently reported a net income of $3.13 per share for Q1 2026, significantly above analyst expectations, and has a gross margin of 57.51% in Q2 2026, reflecting strong profitability. However, a key risk is the RSI of 71.01, suggesting that the stock may be overbought in the short term, which could lead to volatility.

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