Free Trial

Occidental Petroleum (OXY) Stock Forecast & Price Target

Occidental Petroleum logo
$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.

Occidental Petroleum - Analysts' Recommendations and Stock Price Forecast (2025)

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

Sell
2
Hold
12
Buy
7

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

$59.82
21.55% 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.

Sign Up

OXY Analyst Ratings Over Time

TypeCurrent Forecast
4/2/24 to 4/2/25
1 Month Ago
3/3/24 to 3/3/25
3 Months Ago
1/3/24 to 1/2/25
1 Year Ago
4/3/23 to 4/2/24
Strong Buy
0 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
7 Buy rating(s)
6 Buy rating(s)
6 Buy rating(s)
5 Buy rating(s)
Hold
12 Hold rating(s)
12 Hold rating(s)
13 Hold rating(s)
7 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$59.82$61.55$62.10$70.20
Forecasted Upside21.55% Upside32.76% Upside24.66% Upside4.37% Upside
Consensus Rating
Hold
Hold
Hold
Moderate Buy
Remove Ads

OXY Analyst Recommendations By Month

The 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 Month

The 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 Competition

TypeOccidental PetroleumEnergy CompaniesS&P 500
Consensus Rating Score
2.24
2.71
2.54
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside21.54% Upside2,643.87% Upside19.02% Upside
News Sentiment Rating
Positive News

See Recent OXY News
Positive News
Positive News
Remove Ads
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
3/26/2025Morgan Stanley
3 of 5 stars
Devin McDermott
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Set TargetOverweight ➝ Overweight$63.00 ➝ $58.00+16.09%
3/17/2025Citigroup
3 of 5 stars
Scott Gruber
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Lower TargetNeutral ➝ Neutral$56.00 ➝ $51.00+7.56%
3/13/2025JPMorgan Chase & Co.
3 of 5 stars
John Royall
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Lower TargetNeutral ➝ Neutral$59.00 ➝ $52.00+15.06%
3/10/2025Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating
John Freeman
Subscribe to MarketBeat All Access for the recommendation accuracy rating
DowngradeStrong-Buy ➝ Outperform$81.00 ➝ $64.00+35.44%
3/6/2025Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Mark Lear
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Lower TargetNeutral ➝ Neutral$51.00 ➝ $50.00+9.78%
2/21/2025Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingEqual Weight ➝ Equal Weight
2/20/2025UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Josh Silverstein
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost TargetNeutral ➝ Neutral$54.00 ➝ $56.00+8.90%
2/19/2025Stephens
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Mike Scialla
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Reiterated RatingOverweight ➝ Overweight$71.00 ➝ $71.00+38.11%
1/31/2025The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
N. Mehta
Subscribe to MarketBeat All Access for the recommendation accuracy rating
DowngradeNeutral ➝ Sell$54.00 ➝ $45.00-7.92%
1/23/2025Roth Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Leo Mariani
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Set Target$54.00+7.11%
1/13/2025Truist Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Neal Dingmann
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost TargetHold ➝ Hold$56.00 ➝ $58.00+11.37%
12/16/2024Mizuho
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetNeutral ➝ Neutral$72.00 ➝ $70.00+46.94%
11/14/2024Susquehanna
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetPositive ➝ Positive$77.00 ➝ $65.00+27.15%
11/12/2024Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetHold ➝ Hold$53.00 ➝ $54.00+6.74%
11/12/2024Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating
D. Leggate
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost TargetBuy ➝ Buy$73.00 ➝ $75.00+48.25%
11/12/2024TD Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetBuy ➝ Buy$80.00 ➝ $68.00+34.41%
10/17/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageNeutral$57.00+11.20%
10/10/2024Scotiabank
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetSector Outperform ➝ Sector Outperform$80.00 ➝ $65.00+18.79%
10/4/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetMarket Perform ➝ Market Perform$70.00 ➝ $65.00+16.70%
10/3/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetEqual Weight ➝ Equal Weight$67.00 ➝ $58.00+7.31%
9/30/2024Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetUnderperform ➝ Underperform$67.00 ➝ $63.00+22.85%
4/8/2024HSBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageHold$65.00-6.14%
9/12/2023Roth Mkm
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingNeutral ➝ Neutral$60.00-8.72%
6/13/202351job
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingMaintains

Analyst 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

green Wall Street bull icon

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

red Wall Street bear icon

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

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.

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.

According to analysts, Occidental Petroleum's stock has a predicted upside of 21.55% based on their 12-month stock forecasts.

Over the previous 90 days, Occidental Petroleum's stock had 2 downgrades by analysts.

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.

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.


This page (NYSE:OXY) was last updated on 4/2/2025 by MarketBeat.com Staff
From Our Partners