Occidental Petroleum (OXY) Stock Forecast & Price Target $49.21 +0.02 (+0.04%) As of 12:45 PM Eastern This is a fair market value price provided by Polygon.io. Learn more. Add Compare Share Share Analyst Forecasts Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsBuy This Stock Occidental Petroleum - Analysts' Recommendations and Stock Price Forecast (2025) How MarketBeat Calculates Price Target and Consensus Rating MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data. Consensus Rating HoldBased on 21 Analyst RatingsSell2Hold12Buy7 Based on 21 Wall Street analysts who have issued ratings for Occidental Petroleum in the last 12 months, the stock has a consensus rating of "Hold." Out of the 21 analysts, 2 have given a sell rating, 12 have given a hold rating, and 7 have given a buy rating for OXY. Consensus Price Target $59.8221.55% Upside According to the 21 analysts' twelve-month price targets for Occidental Petroleum, the average price target is $59.82. The highest price target for OXY is $75.00, while the lowest price target for OXY is $45.00. The average price target represents a forecasted upside of 21.55% from the current price of $49.21. Get the Latest News and Ratings for OXY and Related Stocks Enter your email address to receive the latest news and analysts' ratings for Occidental Petroleum and its competitors. Enter your email to sign up for newsletter Sign Up OXY Analyst Ratings Over TimeTypeCurrent Forecast4/2/24 to 4/2/251 Month Ago3/3/24 to 3/3/253 Months Ago1/3/24 to 1/2/251 Year Ago4/3/23 to 4/2/24Strong Buy0 Strong Buy rating(s)1 Strong Buy rating(s)1 Strong Buy rating(s)1 Strong Buy rating(s)Buy7 Buy rating(s)6 Buy rating(s)6 Buy rating(s)5 Buy rating(s)Hold12 Hold rating(s)12 Hold rating(s)13 Hold rating(s)7 Hold rating(s)Sell2 Sell rating(s)2 Sell rating(s)1 Sell rating(s)0 Sell rating(s)Consensus Price Target$59.82$61.55$62.10$70.20Forecasted Upside21.55% Upside32.76% Upside24.66% Upside4.37% UpsideConsensus RatingHoldHoldHoldModerate Buy Remove Ads OXY Analyst Recommendations By MonthAnalyst Ratings Chart DescriptionThe chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.Skip Chart & View Analyst Rating History OXY Price Targets by MonthAverage Share Price and Price Target by Month Chart DescriptionThe chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table Occidental Petroleum Stock vs. The CompetitionTypeOccidental PetroleumEnergy CompaniesS&P 500Consensus Rating Score 2.24 2.71 2.54Consensus RatingHoldModerate BuyModerate BuyPredicted Upside21.54% Upside2,643.87% Upside19.02% UpsideNews Sentiment RatingPositive NewsSee Recent OXY NewsPositive NewsPositive News Remove Ads Recent Analyst Forecasts and Stock Ratings All Ratings Strong Buy Buy Hold Sell Rating Show All Upside > 100% Upside 50% - 100% Upside 20% - 50% Upside 10% - 20% Upside 0% - 10% Downside 0% - 10% Downside 10% - 20% Downside 20% - 50% Downside 50% - 100% Downside > 100% Upside/Downside All Actions Upgrades Downgrades Initiates Coverage Raises Target Lowers Target Reiterates Rating Action Custom Range 1 Month 3 Months 6 Months Year-to-Date 1 Year 3 Years 5 Years Time Frame Start Date End Date Most Recent from Each Brokerage All Show Export to Excel DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails3/26/2025Morgan Stanley3 of 5 starsDevin McDermottSubscribe to MarketBeat All Access for the recommendation accuracy ratingSet TargetOverweight ➝ Overweight$63.00 ➝ $58.00+16.09%3/17/2025Citigroup3 of 5 starsScott GruberSubscribe to MarketBeat All Access for the recommendation accuracy ratingLower TargetNeutral ➝ Neutral$56.00 ➝ $51.00+7.56%3/13/2025JPMorgan Chase & Co.3 of 5 starsJohn RoyallSubscribe to MarketBeat All Access for the recommendation accuracy ratingLower TargetNeutral ➝ Neutral$59.00 ➝ $52.00+15.06%3/10/2025Raymond JamesSubscribe to MarketBeat All Access for the recommendation accuracy ratingJohn FreemanSubscribe to MarketBeat All Access for the recommendation accuracy ratingDowngradeStrong-Buy ➝ Outperform$81.00 ➝ $64.00+35.44%3/6/2025Piper SandlerSubscribe to MarketBeat All Access for the recommendation accuracy ratingMark LearSubscribe to MarketBeat All Access for the recommendation accuracy ratingLower TargetNeutral ➝ Neutral$51.00 ➝ $50.00+9.78%2/21/2025Wells Fargo & CompanySubscribe to MarketBeat All Access for the recommendation accuracy rating Reiterated RatingEqual Weight ➝ Equal Weight2/20/2025UBS GroupSubscribe to MarketBeat All Access for the recommendation accuracy ratingJosh SilversteinSubscribe to MarketBeat All Access for the recommendation accuracy ratingBoost TargetNeutral ➝ Neutral$54.00 ➝ $56.00+8.90%2/19/2025StephensSubscribe to MarketBeat All Access for the recommendation accuracy ratingMike SciallaSubscribe to MarketBeat All Access for the recommendation accuracy ratingReiterated RatingOverweight ➝ Overweight$71.00 ➝ $71.00+38.11%1/31/2025The Goldman Sachs GroupSubscribe to MarketBeat All Access for the recommendation accuracy ratingN. MehtaSubscribe to MarketBeat All Access for the recommendation accuracy ratingDowngradeNeutral ➝ Sell$54.00 ➝ $45.00-7.92%1/23/2025Roth CapitalSubscribe to MarketBeat All Access for the recommendation accuracy ratingLeo MarianiSubscribe to MarketBeat All Access for the recommendation accuracy ratingSet Target$54.00+7.11% Get the Latest News and Ratings for OXY and Related StocksEnter your email address below to receive the latest news and analysts' ratings for Occidental Petroleum and its competitors with MarketBeat's FREE daily newsletter. 1/13/2025Truist FinancialSubscribe to MarketBeat All Access for the recommendation accuracy ratingNeal DingmannSubscribe to MarketBeat All Access for the recommendation accuracy ratingBoost TargetHold ➝ Hold$56.00 ➝ $58.00+11.37%12/16/2024MizuhoSubscribe to MarketBeat All Access for the recommendation accuracy rating Lower TargetNeutral ➝ Neutral$72.00 ➝ $70.00+46.94%11/14/2024SusquehannaSubscribe to MarketBeat All Access for the recommendation accuracy rating Lower TargetPositive ➝ Positive$77.00 ➝ $65.00+27.15%11/12/2024Jefferies Financial GroupSubscribe to MarketBeat All Access for the recommendation accuracy rating Boost TargetHold ➝ Hold$53.00 ➝ $54.00+6.74%11/12/2024Wolfe ResearchSubscribe to MarketBeat All Access for the recommendation accuracy ratingD. LeggateSubscribe to MarketBeat All Access for the recommendation accuracy ratingBoost TargetBuy ➝ Buy$73.00 ➝ $75.00+48.25%11/12/2024TD CowenSubscribe to MarketBeat All Access for the recommendation accuracy rating Lower TargetBuy ➝ Buy$80.00 ➝ $68.00+34.41%10/17/2024Bank of AmericaSubscribe to MarketBeat All Access for the recommendation accuracy rating Initiated CoverageNeutral$57.00+11.20%10/10/2024ScotiabankSubscribe to MarketBeat All Access for the recommendation accuracy rating Lower TargetSector Outperform ➝ Sector Outperform$80.00 ➝ $65.00+18.79%10/4/2024BMO Capital MarketsSubscribe to MarketBeat All Access for the recommendation accuracy rating Lower TargetMarket Perform ➝ Market Perform$70.00 ➝ $65.00+16.70%10/3/2024BarclaysSubscribe to MarketBeat All Access for the recommendation accuracy rating Lower TargetEqual Weight ➝ Equal Weight$67.00 ➝ $58.00+7.31%9/30/2024Evercore ISISubscribe to MarketBeat All Access for the recommendation accuracy rating Lower TargetUnderperform ➝ Underperform$67.00 ➝ $63.00+22.85%4/8/2024HSBCSubscribe to MarketBeat All Access for the recommendation accuracy rating Initiated CoverageHold$65.00-6.14%9/12/2023Roth MkmSubscribe to MarketBeat All Access for the recommendation accuracy rating Reiterated RatingNeutral ➝ Neutral$60.00-8.72%6/13/202351jobSubscribe to MarketBeat All Access for the recommendation accuracy rating Reiterated RatingMaintainsAnalyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 12:30 PM ET. Should I Buy Occidental Petroleum Stock? OXY Pros and Cons Explained These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, March 28, 2025. Please send any questions or comments about these Occidental Petroleum pros and cons to contact@marketbeat.com. Occidental Petroleum Bull Case Here are some ways that investors could benefit from investing in Occidental Petroleum Co.: Occidental Petroleum Co. recently increased its quarterly dividend from $0.22 to $0.24, reflecting a commitment to returning value to shareholders. This represents a 1.93% dividend yield, which can be attractive for income-focused investors. The stock price is currently at $49.72, showing a recent increase of 1.5%. This upward movement may indicate positive market sentiment and potential for further growth. Analysts have a consensus target price of $59.82 for Occidental Petroleum Co., suggesting that there is room for price appreciation based on current valuations. Occidental Petroleum Co. reported earnings per share of $0.80, exceeding the consensus estimate of $0.67, which indicates strong operational performance and profitability. The company operates in diverse segments including Oil and Gas, Chemical, and Midstream and Marketing, which can provide stability and growth opportunities across different market conditions. Occidental Petroleum Bear Case Investors should be bearish about investing in Occidental Petroleum Co. for these reasons: Several analysts have downgraded their ratings on Occidental Petroleum Co., with Goldman Sachs lowering its rating to "sell" and reducing the price target to $45.00, indicating potential concerns about the company's future performance. The company has a debt-to-equity ratio of 0.95, which suggests that it has a significant amount of debt relative to its equity. High debt levels can pose risks, especially in volatile market conditions. Despite a positive earnings report, Occidental Petroleum Co. had revenue of $6.84 billion, which fell short of the consensus estimate of $7.14 billion, indicating potential challenges in revenue generation. With three analysts rating the stock as a sell and twelve as a hold, the mixed ratings may reflect uncertainty among investors regarding the stock's future performance. The stock has a 52-week high of $71.19, which indicates that it has experienced significant volatility, and investors may be cautious about potential price corrections. OXY Forecast - Frequently Asked Questions What is Occidental Petroleum's forecast for 2025? According to the research reports of 21 Wall Street equities research analysts, the average twelve-month stock price forecast for Occidental Petroleum is $59.82, with a high forecast of $75.00 and a low forecast of $45.00. Should I buy or sell Occidental Petroleum stock right now? 21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Occidental Petroleum in the last twelve months. There are currently 2 sell ratings, 12 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" OXY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OXY, but not buy additional shares or sell existing shares. Does Occidental Petroleum's stock price have much upside? According to analysts, Occidental Petroleum's stock has a predicted upside of 21.55% based on their 12-month stock forecasts. Has Occidental Petroleum been downgraded by Wall Street analysts recently? Over the previous 90 days, Occidental Petroleum's stock had 2 downgrades by analysts. What analysts cover Occidental Petroleum? Occidental Petroleum has been rated by research analysts at Citigroup, JPMorgan Chase & Co., Morgan Stanley, Piper Sandler, Raymond James, Roth Capital, Stephens, The Goldman Sachs Group, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days. Do Wall Street analysts like Occidental Petroleum more than its competitors? Analysts like Occidental Petroleum less than other "energy" companies. The consensus rating for Occidental Petroleum is Hold while the average consensus rating for "energy" companies is Moderate Buy. Learn more on how OXY compares to other companies. Stock Forecasts and Research Tools Related Companies HES Stock Forecast MUR Stock Forecast XOM Stock Forecast CVX Stock Forecast TTE Stock Forecast PBR Stock Forecast EOG Stock Forecast CNQ Stock Forecast E Stock Forecast FANG Stock Forecast Today's Ratings U.S. Ratings U.K. Ratings Canadian Ratings All Upgrades All Downgrades All Initiations All Price Target Changes Top-Rated Stocks Top Rated Stocks Top-Rated Dividend Stocks Top-Rated Small-Cap Stocks Top-Rated Tech Stocks Most-Upgraded Stocks Most-Downgraded Stocks Lowest-Rated Stocks More Ratings Tools Stock Ratings by Issuer Top-Rated Analysts Top-Rated Brokerages Stock Ratings Screener Free Ratings Newsletter This page (NYSE:OXY) was last updated on 4/2/2025 by MarketBeat.com Staff From Our PartnersDOGE could send 6 AI stocks through the roofStay alert for Elon Musk and the Department of Government Efficiency's next move … Expect an announcement f...Weiss Ratings | SponsoredTrump Allies Confirm Exec Order 14024 Triggers Dollar CollapseExecutive Order 14024 is paving the way for irreversible damage to the dollar's value—threatening your wealth,...Priority Gold | SponsoredDOGE Social Security bombshell?Elon Musk just dropped another bombshell... 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